Purchasing and Costing for the Hospitality Industry

Description

Purchasing and Costing for the Hospitality Industry introduces the readers to the hospitality industry and defines the purchasing and costing in the industry and gives an overview of it. It discusses the functions and the key areas in the field of purchasing in the hospitality industry. Also discussed in the book are the specifications, objectives and the assessment of purchasing, the importance that the process of costing holds in the hospitality industry and the process of cost evaluation and control. It also gives insight on the standard procedure and policies that are followed in the purchasing and costing processes. Cover Title Page Copyright ABOUT THE AUTHOR TABLE OF CONTENTS Glossary List of Figures List of Tables List of Abbreviations Preface Chapter 1 Introduction to Hospitality Industry 1.1. What Is Hospitality Industry? 1.2. Different Sectors Under Hospitality Industry 1.3. Role Of Human Resources In The Hospitality Industry 1.4. Management Practices And Organizational Behavior 1.5. Importance Of Budget Planning In Hospitality Industry References Chapter 2 Definition And Overview Of Purchasing And Costing In Hospitality Sector 2.1. Definition And Overview Of Purchasing 2.2. Definition And Overview Of Costing 2.3. Why Purchasing And Costing Are Essential In Hospitality Industry? 2.4. Purchasing And Costing – Changing Trends References Chapter 3 Functions And Key Areas Of Purchasing In The Hospitality Industry 3.1. Common Functions Of The Purchasing Department 3.2. Purchasing In Food And Beverage Sector 3.3. How Purchasing Works In Accommodation Sector? 3.4. Significance Of Purchasing In Travel And Tourism Sector 3.5. Need For Responsible Procurement In Hospitality Industry References Chapter 4 Specification, Objectives, And Evaluation of Purchasing 4.1. Purchasing 4.2. Purchase Specification 4.3. Purchasing – Objectives 4.4. Purchasing – Evaluation 4.5. Conclusion References Chapter 5 Importance Of Costing In The Hospitality Industry 5.1. Objectives Of Costing In The Hospitality Industry 5.2. Basic Principles Of Costing In The Hospitality Industry 5.3. Different Types Of Costing In The Hospitality Sector 5.4. What Is Activity-Based Costing In The Hospitality Industry? 5.5. Benefits Of Costing And Control References Chapter 6 Cost Evaluation and Control 6.1. Cost Control And Budgeting 6.2. Inventory Cost Control 6.3. Food And Beverage Cost Control 6.4. Labor Cost Control References Chapter 7 Standard Procedure And Policies Followed For Purchasing And Costing 7.1. Policies Followed For Purchasing 7.2. Costing Policies Followed In Hospitality Industry 7.3. Different Procedures Followed For Purchasing 7.4. Different Procedures Followed For Costing References Index Back Cover