The Peabody Memphis Adopts Fourth’s Procurement and Inventory Management Solution to Control Costs

 

Austin, TX (April 28, 2022) – Peabody Hotels & Resorts, a full-service hospitality company that directs the operations of high-quality hotels through elevated standards of operations and service delivery, today announced it has partnered with Fourth, a leading provider of workforce and inventory for the hospitality, restaurant and retail industries, to supply critical support to its signature Memphis location, The Peabody Memphis.

As a fully end-to-end solution of choice for hotels and resorts across the globe covering Procure-to-Pay, inventory and recipe engineering, Fourth’s Adaco solution will ensure operators at the iconic The Peabody Memphis can adeptly minimize supplier-related costs while gaining key insights into the profitability of key offerings across its 464 rooms.

Known as the “South’s Grand Hotel,” The Peabody is legendary for its charm, elegance, gracious hospitality and rich history. The Memphis icon, opened in 1869, is listed on the National Register of Historic Places and is world-famous for its five resident ducks, who march daily through the lobby at 11 a.m. and 5 p.m.

“We’ve previously used Procure-to-Pay solutions similar to Adaco in the past, but through the discovery phase, we found Fourth’s support team more responsive and impactful,” said Ryan Lancaster, Director of IT at Peabody Hospitality. “Adaco will empower our operators to create the finest guest experiences synonymous with the Peabody, while minimizing costs related to our supplier relations and inventory management.”

“The Peabody Memphis a charming and essential part of the city’s history and culture, and we are excited to offer their staff the insights necessary to maintain their high standards of guest service,” said Clinton Anderson, CEO of Fourth. “Our partnership has already produced strong results, and we look forward to empowering The Peabody to smartly control all their Procure-to-Pay & inventory needs.”

To learn more about Adaco, please visit https://www.fourth.com/adaco/.

About Fourth Enterprises
Fourth Enterprises LLC, parent company of HotSchedules and Fourth, is a leading provider of end-to-end workforce management and operations software solutions for the hospitality, restaurant and retail industries. Fourth’s inventory management, workforce management, and operations solutions, coupled with its comprehensive data and analytics suite, give operators the actionable insights they need to control costs, scale profitability, improve employee engagement, and maintain compliance. Headquartered in Austin, Texas, Fourth Enterprises serves more than 7,000 customers across 120,000 locations globally. For more information, please visit www.fourth.com.

About Peabody Hotels & Resorts
Peabody Hotels & Resorts has carried a long-standing tradition of providing an exceptional hotel experience while creating memories that last a lifetime. Legendary, charming, elegant, and grand are just a few words that describe what sets us apart and what our guests find during their stay. Peabody Hotels & Resorts are recognizable the world over for their famous residents – five North American mallard ducks – and the daily march of the Peabody Ducks.