Amazon Business Partners with Fertitta Entertainment: A Strategic Move to Optimize Business Purchasing

Amazon Business is designed to simplify and enhance the purchasing process for organizations of all sizes. Since its launch in the U.S. in 2015, it has garnered significant traction, boasting over $35 billion in annualized gross sales and a customer base that includes 97 of the Fortune 100, 66 of the FTSE 100, and 38 of the DAX-40 companies. Fertitta Entertainment’s decision to integrate Amazon Business into its operations reflects the service's ability to streamline supply chains and provide a comprehensive purchasing solution.

Rick Liem, Chief Financial Officer at Fertitta Entertainment, expressed enthusiasm about the partnership, stating, “Our locations really embraced adding Amazon Business to their purchasing process. It’s helped us keep up with demand as we grow and respond quickly to urgent needs without losing sight of our budget.”

By leveraging Amazon Business, Fertitta Entertainment gains access to a wide array of suppliers, enabling it to procure essential items efficiently for its properties nationwide. This capability is especially critical in the fast-paced environments of dining and entertainment, where timely delivery and budget adherence are paramount.

The platform's extensive inventory allows Fertitta Entertainment to fulfill its diverse purchasing needs, whether it’s for a bustling steakhouse in Chicago or a vibrant casino floor in Las Vegas. As Brenda Spoonemore, Vice President at Amazon Business, noted, “Operations don’t pause for backorders. With Amazon Business, Fertitta Entertainment can get what it needs, when it needs it.”

Amazon Business not only caters to purchasing needs but also offers a suite of organizational features aimed at maximizing operational efficiency. Companies can take advantage of multi-user accounts, custom approval workflows, tax-exempt purchasing, and consolidated invoicing. These tools are crucial for large organizations like Fertitta Entertainment, which require oversight and control over their procurement processes as they expand.

The Business Prime membership further enhances this proposition by providing organizations with benefits such as fast, free shipping on millions of items, along with powerful analytics and spending controls that optimize decentralized purchasing.

At the heart of Amazon Business is a commitment to innovation. The platform employs advanced technologies from Amazon and Amazon Web Services (AWS) to transform traditional business buying into a strategic advantage. Amazon Business continually evolves its AI capabilities to enhance the purchasing experience, offering sophisticated analytics tools that allow organizations to make smarter decisions.

The introduction of features like Guided Buying enables organizations to align their purchasing choices with business objectives, ensuring that procurement supports overall company goals.

Since its U.S. launch in 2015, Amazon Business has revolutionized B2B procurement by providing unmatched selection and competitive pricing, becoming a strategic partner for businesses in 11 countries, including the U.S., U.K., Germany, and Japan. Fertitta Entertainment, led by Tilman Fertitta, operates a diverse portfolio of gaming, restaurant, hospitality, and entertainment assets, making this partnership a natural fit as it seeks to enhance operational efficiencies.

As both companies move forward, the collaboration promises to set new standards in the B2B purchasing realm, offering a glimpse into the future of business procurement through technology-driven solutions.