1. Discuss on the Purchase Specification, its importance and
information to be included on a purchase specification. Give one concrete example without using the PowerPoint presentation example. (50 points)
Answer:
- Purchase Specification is a tool that describes the quality
requirements to be met by products purchased by a hospitality organization, the importance of purchase specification is that it can determine the standards and quality of the product; it also can be useful in costing of the product to be purchased, example for this is planning and having a set of goals when purchasing a certain product, product must be in a proper quality and has a precise description, just like architects or engineers building a building, they are ought to make a detailed description and measurements of the products or materials to be used in the project so that it will fit to the budget given by the owner and to prevent rising of problems.
2. What is the purchasing process? Discuss each.(50 points)
Answer:
- Purchasing process is the obtaining of either services or
goods, or both, or in other words, it is the overall process related to acquiring goods or services. The purchasing process usually starts only after the potential buyer has identified or defined the requirement and identifies product need, determines quality requirements and quantity to purchase, identifies vendor sources, selecting vendor for order, to ordering, receiving, storing, paying and evaluating the product being purchased; and it ends after receipt of the good or service and payment of invoice.