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Author Question: Describe the competitive-bid method. What will be an ideal ... (Read 13 times)

Charlie

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on: Aug 10, 2018
Describe the competitive-bid method.
 
  What will be an ideal response?

Question 2

What is forecasting?
 
  What will be an ideal response?


matt

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Reply #1 on: Aug 10, 2018
Answer to Question 1

The competitive-bid method is the most common type of formal buying. Vendors submit written quotes based on specifications sent out by the restaurateur.

Answer to Question 2

Once a menu is set, the numbers of each item needed for each meal period must be forecast. This serves as a basis for the quantities of each item to be ordered.


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