How might par stock apply to g and his smoothie ingredients


Assignment: Food & Beverage (Hospitality Management)

Answer questions 1 & 2.

1. What are Standard Purchase Specifications?

- Provide an examples of the kinds of standard purchase specifications Gerhard might establish for the orange mango smoothie ingredients at his juice bar?

- Give two examples of how Gerhard might be "tripped up" if he doesn't create purchase specs

2. What is a "Par Stock"?

- How might this apply to G and his smoothie ingredients?

- What problems might G face if he doesn't establish a Par Stock for his ingredients?

- Identify a minimum of three considerations that need to be considered when establishing the par stock of any item.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: How might par stock apply to g and his smoothie ingredients
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