Term
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Definition
-Determining how much to buy
-Determning the best price
-Determining the optimum time to make the purchase
-Determining which product or service meets the needs of the organization |
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Term
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Definition
-Small "Owner-op"
-Medium sized operation
-Large independent |
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Term
| Multi-units and Franchises |
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Definition
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Term
| Commerical Hospitality Operations |
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Definition
They are profit oriented companies.
(Hotels, motels, restaurants, Spas, Buffets, etc) |
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Term
| Institutional Segment operated on break-even bases |
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Definition
| They operated on break-even bases. (Employee feeding operation, assisted living facilities, clubs, shelters, etc) |
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Term
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Definition
| They are third type of operation but also same as break-even operation, which is not for profit.(Troops feeding and house including vaious military clubs and exchanges within military installations) |
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Term
| Small independent operation |
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Definition
| Typically run by an owner-manager, who does all of the buying for the business |
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Term
| The MEdium-sized independent generally |
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Definition
| involved more than one person in the purchasing function. Usually, the general manager coordinates the various activites |
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Term
| Large independent such as a hotel |
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Definition
| Like mid-size operation or may hire a full time buyer. All buyer are supervised by a management person. |
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Term
| Multi-units and Franchises |
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Definition
| Usually a centrally located vice president of purchasing. Normally there are central distribution points. |
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