MTech's HIP Software Helps HotSOS Users
Hotel Inventory and Purchasing module eliminates major portion of purchasing
MIAMI, FL, 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
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
