Working with a Europe wide operating company managing a large hotel portfolio, our auditors assisted in the opening of a large travel hub site, with a broad portfolio of beverage products and multiple food outlets. We helped to control down errors in purchasing and stock holding by planning Par levels, frequently reviewing performance against plan and setting targets to achieve a significant reduction in stock overheads over a short period of time.
Working with General Management, heads of finance and the operations team, overall reductions were achieved against the planned target, losses were minimised and strict purchasing controls were agreed and introduced. Adhering to these controls has delivered on the overall stock reduction plan, achieved the required cost of sales expectations and minimised loss from error, product deterioration and natural wastage.
The property continues to have the flexibility to rise to peaks in demand, and contract in times of low business, whilst still offering a first-class guest offering in all areas of the business.