Hotel Inventory and Purchasing module eliminates major portion of purchasing paperwork that can turn inventory recordkeeping into an operational nightmare
MIAMI — FEBRUARY 27, 2007 — Hotel operators who maintain a perpetual inventory and the purchasing process that feeds it face a time-consuming task. To help expedite and streamline the process, MTech has created the Hotel Inventory and Purchasing module, or HIP.
MTech-a leader in providing software solutions to help hotels improve communications, increase productivity, and maximize guest satisfaction-has designed HIP as a simple, easy-to-use tool that will help hotels manage budgets, purchasing and perpetual inventory. The product integrates tightly with HotSOS (MTech's Internet-based Hotel Service Optimization System) but can be used as a stand-alone module as well. HIP, like HotSOS, is offered over the Internet as a SaaS (Software as a Service) solution.
"This solution is aimed at hotels that have large engineering and housekeeping inventories or organizations that do owner billing," said Luis Segredo, President and Co-Founder of Miami-based MTech. "When used together, HotSOS and HIP will generate cost reports for service orders that will include labor and parts costs automatically. Large hotels need this data for internal billing, and condo hotels or vacation-rental management companies need this data to generate owner billing."
HIP eliminates a good deal of the purchasing-paperwork build-up that often can turn into a record-keeping nightmare. HIP also helps owners and operators stay on budget by allowing quick, easy references that provide information on how much funding has been committed at any one time in a certain area. HIP offers up-to-the-purchase-order data on committed funds, thus making it easier to stay on or under budget.
Controlling inventory loss, improving service-order costing"Any perpetual inventory can help bring to light inventory loss," Segredo said. "But by using HIP, hotel managers can control loss by having the capability of tracking inventory in multiple storerooms and controlling all transactions via user ID. No software can completely eliminate inventory loss, but can instantly bring it to light and pinpoint any problem areas."When used in conjunction with HotSOS, HIP will improve service-order costing as well.
"HotSOS automatically builds labor charges and allows the user to enter any service recovery as well as adding parts costs to an order," Segredo explained. "With the HIP module, the user immediately sees the part cost and the inventory is automatically reduced in the appropriate storeroom. In other words, HIP provides managers with accurate, real-time cost numbers."
Other areas where HIP can help are:
- Budget management
- Purchase-order management, including back-order management
- Vendor management
- Inventory management that includes multi-warehouse support, barcode-label generation and inter-warehouse transfer support
- International currency support
- Configurable per-year periods
- Suite of reports
- Internet based
For more information on HIP, HotSOS and other MTech solutions, please visit the MTech Web site at www.m-tech.com.
About MTechSince 1993, MTech has developed and installed solutions to help hotels work smarter - not harder. The company is on track to double its client base to more than 1,200 hotels this year with the introduction of HotSOS (pronounced "hot sauce") - comprising a suite of Internet-enabled, enterprise-level quality and customer relationship management applications available on a subscription basis. The company's Espresso! client server/site-based quality management software suite and PM-Works Internet-based preventive maintenance-centric solution (also integrated as a subset of HotSOS) have been market leaders for more than a decade. MTech's solutions are uniquely positioned and proven to help hotels improve communications, increase productivity, and maximize guest satisfaction. Unique telephone, email and alphanumeric paging interfaces improve overall workflow and communication between departments and streamline data collection and dispatching processes. Production, sales, pre-installation, and ongoing world-class service and support are provided from the company's headquarters in Miami. For more information on the company, please visit www.m-tech.com.
For more information, contact:
Alberto Santana
Director of Sales
MTech
Tel: 786-544-1105
asantana@m-tech.comBarb Worcester
PRPRO
Tel: (440) 930-5770
barbw@prproconsulting.com