Fertitta Entertainment, a major player in the dining, hospitality, and gaming sectors, has recently announced the integration of Amazon Business into its purchasing strategy. This strategic move positions Fertitta to leverage the extensive benefits of Amazon Business, aiming to enhance operations across its nearly 600 locations nationwide, which include well-known brands like Golden Nugget and Morton’s Steakhouse.
Utilizing Amazon Business gives Fertitta Entertainment access to a vast selection of products from a global network of suppliers, streamlining its purchasing process and optimizing its supply chain. The advantages are clear: faster delivery times, competitive pricing, and a one-stop shop for essential business needs. Rick Liem, Chief Financial Officer of Fertitta Entertainment, stated, “Our locations really embraced adding Amazon Business to their purchasing process. It’s helped us keep up with demand as we grow and respond quickly to urgent needs without losing sight of our budget.”
A highlight of Amazon Business is its technological tools that assist organizations in making smarter purchasing decisions. The platform provides analytics and integrations that simplify the buying process, allowing businesses to save both time and money, which can be critical for small business owners navigating tight budgets and complex supply chains.
The familiarity of the Amazon shopping experience further benefits organizations like Fertitta, allowing them to tap into millions of products with business-only pricing. This approach not only improves efficiency but also ensures transparency in spending. Features such as multi-user accounts and consolidated invoicing cater to businesses seeking organization-ready solutions.
For small business owners, this integration reveals a valuable opportunity to streamline purchasing, regardless of the company’s size. With the ability to access a wide array of suppliers from a single interface, businesses can enjoy the benefits of reduced operational interruptions and more predictable inventory management. Brenda Spoonemore, Vice President at Amazon Business, emphasized this aspect: “Whether it’s a steakhouse in Chicago or a casino floor in Vegas, operations don’t pause for backorders. With Amazon Business, Fertitta Entertainment can get what it needs, when it needs it.”
While the benefits are substantial, small business owners should also weigh potential challenges. Adopting a new platform requires time and investment, and some organizations may face technical hurdles in terms of integrating existing systems with Amazon Business. Moreover, while the vast selection is advantageous, it’s essential for businesses to establish clear guidelines for procurement to avoid overspending or unwarranted purchases.
Amazon Business leverages cutting-edge technology from Amazon and Amazon Web Services (AWS) to transform procurement into a strategic advantage. Innovations like Guided Buying assist organizations in aligning their purchases with business goals, ensuring that every acquisition supports broader company initiatives. This forward-thinking approach can fundamentally change how small businesses manage their supply chains and purchasing strategies.
Additionally, for businesses that choose to subscribe to Business Prime, the benefits extend further, offering expedited shipping on millions of items and advanced analytics to help organizations manage their decentralized purchasing effectively. As one of the fastest-growing segments for Amazon, with over $35 billion in annualized gross sales, many businesses are turning to Amazon Business to meet their purchasing needs.
With Fertitta Entertainment at the forefront of this transition, small business owners have a model to emulate. The insights gleaned from this partnership with Amazon Business can serve as a roadmap for other organizations looking to improve their operational efficiency and purchasing strategies.
As more businesses explore the potential of Amazon Business, the implications for operational costs, supply chain management, and overall purchasing efficiency will become clearer. For small business owners seeking actionable insights, integrating such solutions could yield significant benefits in the long run.
For more information, you can view the original press release here.
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