4 Reasons to Demand Transparency in a Procurement Partner
June 17, 2025 | Written by Jocelyn LurieInflation, freight disruptions and logistics hurdles, fluctuating tariff rates, inferior communication, technology roadblocks, contract mismanagement, and unreliable data are just some of the factors currently impacting the hospitality industry.
Weathering these ever-evolving challenges requires more than budget tracking and timeline planning. It takes a fine-tuned, transparent procurement model. Today no one can afford to take vague updates or surface-level reporting at face value. The demand for clarity — and the right partner to provide it — is higher than ever. We see this as the new standard in procurement.
What does transparency actually look like when working with a procurement partner? It means unified teamwork, exceptional communication, live access to project data when you need it, and trusted accounting.
1. One Unified Team
Procurement does not happen in a silo. The project team expands beyond those managing the purchasing, supply chain and logistics, budget, and installation of a project. It includes every stakeholder — owners, project partners, and design teams. When everyone has visibility and input into the purchasing process, expectations stay aligned and end goals are easier to meet. This unified team approach helps catch small issues before they escalate, saving time, money, and frustration down the line.
2. Efficient Communication
Hospitality projects move fast. Transparent procurement means real-time updates on any last-minute changes, swift solutioning for roadblocks, and not having to wait for a weekly update — it’s embedded in the conversation.
3. On-Demand Dashboards
Project stakeholders shouldn’t have to chase updates. Live dashboards provide immediate insight into project milestones, budget health, install progress, punch lists and more, all at a glance. When everyone can see the same data, decision making becomes faster and more informed.
4. Accounting Clarity
With pricing shifting rapidly due to tariffs and market instability, having a team that understands the financial side is critical. A budget-conscious PM team with an in-house accounting department as support throughout the process is key to a project’s ultimate success. Transparency means knowing where the money is at every step. From payment reconciliation and owner funding requests to project bank accounts, a clear financial picture is non-negotiable.
Bottom Line:
Hospitality procurement in this market is high stakes. Choosing a partner who brings transparency to the table means fewer surprises, better collaboration, and more predictable outcomes — for your team, your timeline, and your budget.
Trusted. Transparent. Throughline by IIG.
