A Liverpool-based hospitality consultancy has created a new procurement business to help the hard-hit sector respond strongly after the Coronavirus pandemic subsides.
Lucky Penny Consultants has joined forces with procurement specialist, Phil McGuinness, to provide a ‘one stop shop’ for the effective management and reduction of costs for all areas of the hospitality industry, including hotels, bars, restaurants and leisure outlets.
The company said it will offer bespoke solutions to ensure clients achieve optimal costs reduction, improvement in compliance and reduced risk associated to its supply chain.
It will use a three-pronged approach to drive businesses forward: firstly by offering a supply chain diagnostic report to ensure value for money, to check it’s ethical and sustainable, including benchmarking and risk analysis to galvanise a business’s procurement transformation.
Secondly, utilising its own e-procurement platform to manage markets more efficiently, reducing costs and accelerating the tender process.
Thirdly, it will help clients to maintain lasting relationships which generate trust.
Phil McGuinness, the new managing director, has more than 20 years’ experience of purchasing and consulting having held senior purchasing and director roles at Asda, The Real Good Food Company and BrightSourced Consulting.
He previously worked at Prestige Purchasing as board-level COO. Lucky Penny Consultants is run by Steven Burgess and Josh Moore who recently opened Abditory in Liverpool’s Queen Avenue.
Mr Burgess said: “This is an incredibly difficult time for the industry which is also affecting our own business. The full impact of the pandemic on the hospitality sector has yet to play out fully, but it has already been catastrophic for businesses and jobs.
“In response to this crisis, we decided to adapt and innovate and bring forward plans to expand our services, not only to ensure our long-term survival, but also to help others to plan properly and implement the correct strategies to make vital savings for when they can open their doors and trade again.
“In Phil McGuinness we have one of the best in the business, who brings a wealth of experience from his work and relationships with blue chip companies and brands from across the world.
“He has delivered significant growth for all those for whom he has worked and is an expert in procurement transformation, project management and supply chain optimisation and we are delighted to form this new company together.”
Mr McGuinness commented: “Simply put, my job is to save bars and restaurants money by helping them to be cost-conscious and to receive the best from their supply chains and mitigate risk.
“I’ve known of Lucky Penny for a long time. They are top operators and are exciting and innovative people who strive to deliver their best every time. Combining our skills makes sense and our services can be applied to multiple sectors and is not exclusively for hospitality related businesses.”