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why procurement? FURNISH provide service-driven procurement solutions to the service industry.  We provide a full spectrum of hospitality furnishing and equipment services; from design review to installation. We offer the most pragmatic, client-oriented approach to hospitality FF&E and OS&E consulting and supply, with an emphasis on system generated analysis, reporting and product quality. What is Hospitality Procurement? Procurement can be defined as the purchase of merchandise or services, at the optimum possible total cost, in the correct amount and optimum quality. Hospitality procurement applies this principle to the purchasing of contract quality Furniture, Fixtures and Equipment (FF&E) and Operating Supplies and Equipment (OS&E) for the hospitality industry, summarized by the following steps: Step 1 – Review project requirements and establish budgets Step 2 – Identify suitable sources Step 3 – Obtain competitive prices and adjudicate Step 4 – Place orders, track production and deliveries Step 5 – Manage installation & delivery  Step 6 – Reconcile accounts & manage asset registry
why procurement? Like many industries, it takes a combination of various skills to realize  a project.  A procurement team with the right knowledge and know-how should add the following essential components to the process:  ,[object Object]
 Preparation of  detailed procurement schedules in line with the master program
 Issuance of detailed product listings for operator guidance and selection if necessary (OS&E)
 Receipt and management of specifications for FF&E and OS&E
 Experienced review of FF&E specifications and drawings for quantity verification
 Virtual and final mock-up rooms (if necessary)
 Table top presentations
 Vendor pre-qualification
 Tender process
Negotiation of better prices through established vendor relationships, extended vendor database and bulk buying
 Cost adjudication and recommendation
 Purchasing  using a purpose built procurement management system
 Accounts management
 Production and quality management
 Logistics management
 Installation management
 Labelling and location management
 Collation of fire certificates, warranties & product data after installation
 Asset report creation and handover
 Transparency throughout,[object Object]
Are the specs complete?
How much will/should the FF&E cost?
Where can cost savings be made and do we buy as specified?
Who should supply the custom-built furniture?
What operating supplies must be bought and at what par levels?
Will the hotel operator’s minimum standards be met?
What is a realistic time-line?
What are optimum payment and freight terms?

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FURNISH India - Procurement Services Feb2010