The UK hospitality sector is bracing for significant cost increases this April, driven by rising labour costs and a reduction in business rate relief following the Autumn Budget. With many businesses already struggling to stay afloat, these added pressures could push even more towards closure. For golf clubs, managing rising operational expenses—whether for clubhouse dining, course maintenance, or staffing—has never been more critical.
Best price purchasing comes is not just about getting the cheapest option—it’s about securing the best value while maintaining quality. By taking a strategic approach to procurement, your club can cut costs, streamline operations, and reinvest savings into improving facilities and services.
So, how can your club achieve best price purchasing? Here’s what you need to know.
Key Strategies for Best Price Purchasing
- Compare & Negotiate Regularly – Don’t just stick with the same suppliers out of habit. Regularly review your contracts and compare options to ensure you’re getting the best possible rates.
- Focus on Total Cost, Not Just Price – A lower upfront cost doesn’t always mean better value. Factor in elements like durability, delivery fees, and supplier reliability when making purchasing decisions.
- Standardise Purchasing – Ordering in bulk across different departments can lead to significant savings. Consolidating vendors and standardising orders also simplifies inventory management.
- Use Data to Drive Decisions – Analysing purchasing trends helps you identify inefficiencies and areas where costs can be reduced without affecting quality. Small adjustments can add up to significant long-term savings.
Common Pitfalls to Avoid
- Relying on a Single Supplier – Without competitive pressure, you may be paying more than necessary. Explore multiple supplier options to maintain negotiating leverage.
- Ignoring Hidden Fees – Delivery charges, service fees, and contract clauses can quietly inflate costs. Always read the fine print.
- Overbuying or Underbuying – Excess inventory leads to waste, while last-minute purchases often come at a premium. A clear procurement strategy helps maintain balance.
- Failing to Review Costs Regularly – Prices fluctuate, and failing to reassess supplier agreements means you could be missing out on better deals.
Unlock Savings with a Free SpendSmart Audit
Achieving best price purchasing doesn’t have to be complicated—Entegra makes it easy. As the world’s leading GPO, we help golf clubs unlock exclusive savings, optimise procurement, and reduce costs by an average of 10%.
Want to see how much your club could save? Book a free SpendSmart Audit today. A member of our operations team will conduct a deep dive into your purchasing habits, identifying key areas where you can cut costs across a range of categories.
March 18, 2025