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i) What do you mean by SPS?ii) Differentiate between contract, cash and centralized purchases. |
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Answer» SPS(Standard purchase specification): is a concise description of the quality, size, weight, quantity, etc. of a particular item For making the purchase specifications ,the menu, pricing, portion size, price of the menu/dish, desired food cost, etc. are considered. (SPS explained in two lines with its full form) Differentiate between contract, cash and centralized purchases: Contract purchase means when the buyer and seller signed a contract to supply the certain quantity of item or to supply approximate quantity of item for a certain period. In cash purchase hotel representatives with the list of purchases from various stores, pay cash and carry the items. Centralised purchases: are preferred by chain of hotels for non perishable items, all requirements for the entire year or for a specific period are sent to head office and the purchase department places order for all the hotels and dispatch the items to various hotels. |
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