Fairway GPO, a group purchasing organization with $45 billion in annual purchasing volume and Purchasing Management International (PMI), a leading hospitality and gaming procurement agent for furniture, fixtures and equipment today announced a strategic alliance that will benefit each organization’s respective client base. The strategic alliance greatly enhances the service offerings from both Fairway and PMI and will provide much-needed pricing and product consistency for hospitality, healthcare and property management companies.
Over the last 20 years, PMI has globally sourced and purchased over $2 billion dollars in hotel, resort and casino furnishings, operating equipment and systems worldwide and continues to be one of the leading independent contract purchasing companies nationally and internationally. PMI’s services include FF&E purchasing for hospitality renovations and new construction, operating supplies purchasing, and plumbing fixtures purchasing.
Upon completion of a project, the Owner of a hotel has a disadvantage if buying replenishment stock directly from vendors at lower volumes. Handing off the initial inventory of a project to Fairway GPO will greatly benefit the Owner of a project as they will be able to replenish their inventory through Fairway GPO’s vast network of vendors at the GPO’s negated prices.
Through this strategic alliance, PMI’s valued clients can now seamlessly continue to purchase operating supplies and equipment through pre-established vendor relationships and pricing contracts by joining Fairway GPO. Fairway’s unique model allows members to be part of a GPO without membership fees or spending and volume commitments required by others. By joining Fairway GPO, owners and operators will now be able to keep their costs low for ongoing purchases while maintaining the same quality standards that were established pre-open.
“At PMI we are FOR our clients. From the design phase to pricing to delivery and installation, our clients’ success is our number one priority. We believe that the best next step that we can recommend to our clients, which will contribute to their continued success, is a relationship with Fairway GPO. We’ve looked at all the group purchasing organizations and have found Fairway GPO to have the best pricing efficiency for ongoing procurement of supplies after a successful opening. With Fairway GPO, there are no fees, contracts or volume commitments….just great pricing”, said Bill Langmade, Founder and President of PMI.
“Our company was developed to meet a significant need in the marketplace today. We offer our clients a purchasing solution once their property is completed.” He added, “Owners want consistency across their portfolio and don’t want to waste time or money establishing vendor relationships and pricing contracts for their opening and then have their costs rise significantly once their property is operational. We’re pleased to be partnering with PMI to continue to set a standard of excellent service in the hospitality industry.”