HSM-125 Purchasing

Credits: 3
Contact Hours: Lec 3 Lab 0 Practicum 0
Tier Rate: Tier I
Purchasing and procurement is an integral part of the successful operation of businesses in the hospitality industry. Understanding the selection and procurement process is key to controlling costs and maximizing profits. Topics covered in this course will include: channels of distribution and forces effecting distribution systems, proper receiving procedures and storage management. Individual business considerations for quantity purchased, price paid, payment terms and supplier selection will also be explored. Individual product categories will be discussed based on the intended use, receiving, storage and issuance of products and other management considerations. Prerequisite(s): No prerequisites required.