The document discusses objectives of inventory management including defining inventory management, computing annual stock turnover, re-order point, and economic order quantity. It also discusses distribution strategies for the hospitality industry. Key types of accommodations are defined such as hotels, motels, bed and breakfasts, resorts, and others. Hotel classification standards are outlined for deluxe, first class, standard, and economy hotels based on room size, facilities, and services. Different types of hotels are also discussed such as resort, airport, casino, economy, and conference center hotels. Classification of resorts into AAA, AA, A classes is covered based on location, amenities, and facilities. Variations of restaurants are defined such as fast food, fast casual