Karteikarten
Purchasing Notes (P1)
Karten in diesem Stapel (23)
- 1Name the 5 types of formal Forecasting methods.1. Fixed Bid/Sealed Bid
2. Cost Plus
3. Volume Buying & Warehousing
4. Prime Vendor
5. Standing Order - 2Describe a fixed bid.Fixed Bid: used by operations buying large quantities of items over long periods of time
- Invitation to bid/bid request form --> invite sellers to bid --> include specifications for each product, the estimated quantities over period of time - 3define the following: bid-buying, sealed bidBid-Buying: used in competitive buying to compare price quotes from all vendors seeking business
Sealed Bids: returned to buyer, awarded to lowest bidder, contract are written - 4What are the 3 advantages of a fixed bid?1. Yields Savings
2. Ensures steady supply of goods
3. Ensures fixed cost for duration of contract - 5What are the 5 disadvantages of a fixed bid?1. Requires forecast for extended period
2. Requires prep of detailed specs for each item requesting a bid
3. Requires a sealed bid from each purveyor invited to bid on items
4. For staples (no perishables)
5. needs staff to handle invitations to bid, choose purveyor, develop/send contracts & receiving/controlling agreements in contract - 6Describe cost-plus.:agreement is made w/ a purveyor to purchase most or all of a certain product from him for fixed markup price over seller's actual cost
- contract may stipulate that the cost is a set amount or a % of sales - 7Name 4 advantages of the cost-plus method.1. seller is guaranteed a large sale on regular basis
2. seller saves time by not having to engage in competitive buying
3. Seller receives rock-bottom pricing
4. buyer consolidates labor & saves time spent receiving and storing - 8Describe volume buying & warehousing (Buy & Hold)/: purchases are made for large quantities of SINGLE items purchased over extended periods of time
- buyers purchase item in advance agreeing to receive regular deliveries over a negotiated length of time (usually 30 days of supply may not incur storage charges) - 9What are 3 advantages and 1 disadvantage for volume buying & warhousing (buy &hold)?A:
1. items insured by holder
2. allows more storage space available for operator
3. Delivery Charges are often waved
D:
1. storage charges: cost overall has to be calculated to estimate any savings - 10Describe Prime Vendor?: purchases are arranged to be made negotiating a set price plus a fixed rate
- 11What are 3 advantages to prime vendor?1. arrangements can be made w/ multiple vendors
2. items purchased are at a set price for the term of the contract
3. Many arrangements may be conducted such as next day/skip day deliveries and two day lead deliveries for special items - 12What's the disadvantage of prime vendor?requires a forecast for an extended period
- 13What is a long term contract?seller agrees to purchase items and make them available as needed based on a fixed or available prices
- 14What are 4 advantages to a long-term contract?1. buyer does not pay for holding/storing the items; seller bears all storage costs
2. buyer pays for items upon receipt of each delivery instead of paying ahead
3. Reduces overhead
4. Large volume purchases w/ contract agreements - 15What is a standing order?: typically used for daily/repetitive purchases; often used for items whose prices do not fluctuate in the market very much ( ex: bakery, dairy)
- list of good required, including their min/max amounts; - 16What are the goals of forecasting methods?1. History of sales
2. Experience
3. Info based on function sheets - 17Describe the perishable market.: can supply fresh fruit, veggies, meats & poultry foods and dairy products
- prices/supply varies
- use informal methods of buying
-purchased to meet short-term needs
- buy small amount often - 18Name 7 considerations when purchasing perishables.1. Daily inventory is required
2. Refrigerator/freezer space available
3. What is available in marketplace at that time
4. Fresh or frozen
5. Price
6. Forecase
7. Waste & Spoilage - 19Describe the staple market.: supplies canned, bottled, & packaged products stored in DRY storage
- purchase using formal/informal methods
- items can be stored, so bid pricing and volume buying is common
- Staples packaged in larger units for food service than retail - 20What are 5 considerations for purchasing staples.1. extended shelf life
2. dry storage available
3. method of purchasing and turn time
4. minimum and maximum ordering factors
5. Dead stock (90 days or more) - 21Describe perpetual and physical inventory.Perpetual: system maintains items on-going (running inventory) and tracks what items come in/go out (estimates amounts)
Physical: lists and counts ALL food in kitchen, refrigerators, and in storage (typically done monthly, it verifies and amounts) - 22How do you prevent stock outages?By setting min. and maxes for stock.
- 23—
Informationen
- Beschreibung
- Chef Lab (Exam 3) Karteikarten am Purchasing Notes (P1), erstellt von Ayanna Patterson am 23/04/2017.
- Erstellt von
- Ayanna Patterson
- Aufrufe
- 4
- Bewertung