Hotel Finance – Purchasing Functions & Policies – SOP

      FI 011: Purchasing Functions & Policies /


      Objective:

      The Purchasing department is responsible for the procurement of all items needed in a hotel’s operation as well as the services necessary in installing and maintaining these items.

      “…Orders should be placed in quantities that reflect past consumption patterns and the latest operating forecast in order to ensure that adequate but not excessive supplies of all required products are on hand at all times…”

      Includes:

      – PURCHASING FUNCTIONS

      – PURCHASING PROCEDURE


      Details:

      File Size: 27 KB
      File Format: Word
      Print Length: 05 pages
      Publication Date: September 27, 2016
      Language: English
      Editable: Yes

      The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.