TAILIEUCHUNG - Lecture Purchasing: Selection and procurement for the hospitality industry (8th edition): Chapter 12 - Feinstein, Stefanelli

Chapter 12 - The optimal supplier. In this chapter, you should be able to: Determine a buying plan by selecting a single supplier or bid buying, explain additional criteria used when choosing suppliers, describe the relationship between suppliers and buyers, describe the relationship between salespersons and buyers. | The Optimal Supplier 12 The Initial Supplier Survey List all possible suppliers Trim list by establishing a set of criteria Product Lists AP prices Supplier services Location Lead times Purchasing policies Buying Plans Working with one supplier Bid Buying The Fixed Bid Vs. The Daily Bid Fixed bid Used for large quantities of products purchased over a long period of time Typically a formal procedure Request for bid includes specs for bidding process Daily bid Used for fresh items Called “daily quote buying” Selecting a Supplier When Using Bid-Buying Fixed Bid Distribute bid requests to potential suppliers Determine what supplier provides you with the optimal value for a product or a set of products Daily bid Review bid sheets Determine what supplier provides you with the optimal value Other Supplier Selection Criteria Cost-plus purchasing One-stop shopping Stockless purchasing Cash-and-carry Standing orders Use of technology Co-op purchasing Local or national source Other Supplier .

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