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Answer questions 1&2 (in powerpoint)
1. What are Standard Purchase Specifications?
-Provide an examples of the kinds of standard purchase specifications Gerhard might establish for the orange mango smoothie ingredients at his juice bar?
-Give two examples of how Gerhard might be "tripped up" if he doesn't create purchase specs
2. What is a "Par Stock"?
-How might this apply to G and his smoothie ingredients?
-What problems might G face if he doesn't establish a Par Stock for his ingredients?
-Identify a minimum of three considerations that need to be considered when establishing the par stock of any item.
You can use internet or book, but please use your own words.
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In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).
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