Lecture Purchasing: Selection and procurement for the hospitality industry (8th edition): Chapter 5 - Feinstein, Stefanelli

Chapter 5 - An overview of the purchasing function. In this chapter, you should be able to: Describe the purchasing activities in a hospitality operation, determine the purchasing requirements of a hospitality operation using value analysis and make-or-buy analysis, outline the objectives of the purchasing function and the potential problems that buyers encounter when pursuing those objectives.