PURCHASING AND THE HOSPITALITY INDUSTRY

PURCHASING AND THE HOSPITALITY INDUSTRY



PURCHASING AND THE HOSPITALITY INDUSTRY

Introduction

The book reveals important information for the managers to get up-t-dated knowledge of the hospitality industry with special reference to the purchasing function. It is recommended in the book that the managers in the hospitality industry should be aware of the purchasing principles whether they are purchasing agents or not. This will assist them in carrying out the successful operations for their business. This book specifies the most modern trends and principles in all areas of purchasing including equipments, furniture, foods, and fixtures. In addition the outcomes of the detailed discussions with the hospitality industry personnel regarding the effects of purchasing on their businesses are also included in the book (Feinstein, 2007).

Discussion

Despite of the size of operations, every firm in the hospitality industry has to undergo certain purchase activities. There is an option for the owner-manager to hand over some of their responsibilities to the suppliers, subjected to his own requirements. Buyers typically execute certain activities which are common to all hospitality functions.

The selection and purchase plan is developed by the person responsible for it with the consent of the management.

The goals and objectives of the plan should be explained along with the methods and reasons for the selection of the supplier.

The requirements are determined by discussing it with the chosen supplier. Once the specifications have been confirmed, the buyer will get two or more bids and order the equipment with delivery and setup dates to coincide with the event. After the confirmation of the specifications, the purchaser will get the bids (two or more) and place the order along with the date of delivery (Feinstein, 2007).

The supplier selection step is one of the most crucial steps. Here it is important to consider ...