Purchasing and costing for the hospitality industry

Abstract

This book introduces the readers to the hospitality industry and defines the purchasing and costing in the industry and gives an overview of it. It discusses the functions and the key areas in the field of purchasing in the hospitality industry. Also discussed in the book are the specifications, objectives and the assessment of purchasing, the importance that the process of costing holds in the hospitality industry and the process of cost evaluation and control. It also gives insight on the standard procedure and policies that are followed in the purchasing and costing processes.