6. The Organization and Administration of Purchasing. You Should Be Able To:. Describe the methods used to plan and organize the purchasing activities of a hospitality operator. Recognize the issues involved in administering purchasing activities. You Should Be Able To (cont.):.
Process of recruiting, hiring, and training personnel to perform specific tasks in an organization.
Budgeting – a realistic statement of management’s goals and objectives, expressed in financial terms.
Controlling – systems and procedures used by managers to ensure that the actual costs of doing business are consistent with the expected (or budgeted or theoretical) costs.