In 1999, after several years of handling the procurement and sourcing for Crescent Real Estate Equities’ hotel and resort properties, Mike Williams and Richard Michael determined the need for a more hands-on approach to hospitality procurement. Purchasing Solutions International was incorporated as a Texas S-Corporation and the team began working with Crescent and other clients to develop a comprehensive procurement program to satisfy the demands and needs of high-end hotels and resort developments and renovations.
Purchasing Solutions International, a Fort Worth, Texas-based company, began providing unique consulting, sourcing, purchasing and other services to our growing client base. PSI’s approach to individualized services, differing for each client and project, provides owners, developers and management companies with the goods and services that they determined were needed for their projects. This “what can we do for you” service provided PSI with an excellent basis for continued growth and positive client feedback.
As a Native American-owned FF&E and OS&E procurement firm, PSI has grown substantially since its inception. As the firm continues to grow and expand its client base and knowledge, focus of the original goal is maintained… to provide unique procurement services to new and existing clients. Though projects ranging from hotels & resorts to condominium & timeshare residences, our offerings continue to be expanded to include items such as electronics, appliance packages and owner furnished/contractor installed furnishings. This mindset of continuing to improve services and maintaining a hands-on approach to each individual project allows PSI to be able to do what is best for its clients…develop vendor relationships to provide the project-specific goods and services within the budgetary constraints of each project. In the ever-changing world of hospitality developments and procurement, maintaining a presence in many areas of hospitality while researching and finding new opportunities to provide savings and other cost-management opportunities remains at the forefront of our consistent and continued services. Each project provides the firm with the opportunity to reach further to demonstrate commitment and knowledge of the procurement services and activities required by the owner, operator and/or management company.