The Buyer’s Relations With Other Company Personnel

The Buyer’s Relations With Other Company Personnel7YOU SHOULD BE ABLE TO:Distinguish between a job description and job specification.Describe the buyer’s relationship with others in the hospitality organization.Summarize the skills and qualities typically sought after in a hospitality buyer.Explain various methods used to evaluate a buyer’s performance.THE JOB SPECIFICATIONLists qualities or skills sought in a candidateSkillsTechnicalInterpersonalConceptualOtherExperienceIntegrityWork effortOTHER HIRING FACTORSLabor poolBudgetingJob descriptionList of duties an employee must performFollow the objectives of the Purchasing FunctionJOB DESCRIPTIONList of dutiesObjectives of the company’s purchasing functionPurchasing appropriate qualityPurchasing at right pricePurchasing in the right amountPurchasing at the right timePurchasing from the right supplierJOB DESCRIPTION (CONT.)Selection and Procurement PoliciesSupplier giftsFavoring suppliersLimiting quantityLimiting pricesMaking personal purchasesJOB DESCRIPTION (CONT.)Selection and Procurement Policies (cont.)Establishing reciprocityFree samplesAccepting discountsQuantityVolumeCashPromotionalJOB DESCRIPTION (CONT.)Selection and Procurement Policies (cont.)Written ethics codeControlling productsSupporting local suppliersQuality standardsShopping proceduresJOB DESCRIPTION (CONT.)CompensationTrainingJOB DESCRIPTION (CONT.)Performance Evaluation for BuyersHow well they operate the purchasing department – operational performanceHow well they have carried out the procurement function – procurement performanceMaterials budgetInventory turnoverPercentage of sales volumeJOB DESCRIPTION (CONT.)Performance Evaluation for Buyers (cont.)StockoutsNumber of late deliveriesNumber of items that must be returnedNumber of back ordersChecking AP pricesPOTENTIAL CONFLICTSColleaguesHourly Employees