Mind map

Order, Control, and Administer Supply of Stock

michaelmarshall Hospitality Management Diploma English

Mind map: Order, Control, and Administer Supply of Stock

Map content

Ordering Stock
- Find a Suitable Supplier
  - Negotiations for Better Deals
    - Market Trends
    - In House Advertising For Discounted Stock
- Historical Data and Forecasting
  - Establish Suitable PAR Levels
    - Over Order
      - Promos
      - Incentives
      - Specials
      - Re-vise PAR levels
    - Under Order
      - Revise PAR Levels
Liasing with Suppliers to Ensure Continuity of Supply
- Meeting With Reps/Buying Group
  - Email/Phone inquiries
Monitoring Stock Delivery
- Pairing up Invoice with Delivered Items
  - Temperature Checks
    - Time Of Day.
      - Is it on Time?
        No
        Reported
        Failed Arrangment
        Yes
Stock Level Processes
- Determine Stock Movement
  - Fast
    - Increase PAR Levels
  - Slow
    - Promotions
    - Incentives
    - Specials
    - Replace
  - Sales Reports
Stock Loss minimisation
- Stocktake
  - Frequency
    - Monthly
    - Fortnightly
    - Random
      - Theft Prevention
  - Electronic
    - PDE Scanner
      - Efficient
      - Missing barcodes
        Manual input
    - Computer Software
      - Accurate
Stock Level Adjustment
- Stock transfer Sheets
  - Wastage sheets
- Established PAR Levels
Stock Distribution
- Stock Transfer Sheets