Calculate the required stock levels for each item

Assignment Help Management Theories

Reference no: EM133537025

You have recently been hired as the inventory manager for a boutique hotel located in Sydney, Australia. The hotel is known for its excellent hospitality and has a restaurant and a small event space catering to private events. Your role includes establishing and implementing cost-effective stock purchasing and control systems for at least six stock items, monitoring the systems over one stock cycle, and producing relevant reports and data.

Instructions:

Determine stock requirements:
Assess the hotel's needs, including the restaurant and event space, and identify six key stock items that require efficient purchasing and control systems.

Stock items can be:

alcoholic or non-alcoholic beverages
cleaning agents and chemicals
customer travel products:
luggage labels
travel bags
travel wallets
tickets
vouchers
event supplies
food:
dairy products
dry goods
fresh goods
frozen goods
fruit or vegetables
meat, poultry or seafood
general stores
housekeeping supplies
linen
merchandise
uniforms
1. Calculate the required stock levels for each item using historical sales data, forecasting methods, and standard measures.
2. Evaluate the quality of supply for each item based on feedback from colleagues and customers.
3. Research potential suppliers and review their offerings, considering their ability to meet purchase specifications, pricing, and delivery services.
4. Develop appropriate purchase specifications for each item, taking into account factors such as budget, quality, size, and deadlines for supply.

Reference no: EM133537025

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