Card Set Information
Inventory and purchasing
As purchased price
As Served Price
The goal of purchashing is to obtain the lowest possible as purchased?
Customer count forecasts and vendor delivery schedules are the only tools for ensuring that an adequate supply of product is available for sale...true or false?
The goal of purchasing is to obtain the lowest possible as purchased price? True or False?
Items should be purchased in large quantities to minimize time spent ordering. True or false
Foodservice buyers complete against each other to obtain the best prices for goods and services? True or false
Foodservice operations are both manufacturers and retailers; therefore, they do not have to purchase a wide array of products and services. True or false
Goals of purchasing function?
1. Maintain adequate supply.
2. Maintain quality standards
3. Minimize investment
4. Maintain an operations competive position
5. Obtain the lowest possible edible portion or as service price.
Which of these is an objective or goal in purchasing?
Ordering in a way that ensures an adequate supply of products is on hand
Why is it important to minimize an operations investment?
To maintain adequate cash reserves
to minimize storage costs
To ensure continued operation
When comparing prices among vendors buyers must focus on
Which of these items is frequently leased rather than purchased outright?
Those charge with purchasing must
Possess a wide field of knowledge
purchase food of specific quality
Avoid purchasing too much product