SlideShare a Scribd company logo
1 of 2
XX54 CONTROL AND ORDER STOCK



MODEL ANSWERS

                             Self-Test 01


Model           Below find the model answers:
         Ans
         wers


Question 1
Stock levels are maintained for the following reasons:
• Efficiency
   Procedures for maintaining stock levels mean that the kitchen staff and
   Chefs have no undue stress with planning menu items and can get on with
   their jobs efficiently.
• Customer Service
   Customer service is priority. Ensure that customer expectations are met
   and they are delivered what they are promised. Keep adequate stock on
   order to serve menu items advertised.
• Supply and Demand
   Ensure flexibility to daily fluctuations in customer demands. This is
   particularly important if there is excessive increase in customer
   consumption due to long weekends, holidays and peak periods.


Question 2
Out of stock situations impact directly on the establishments ability to
provide quality service / products and can result in dissatisfied customers.




                                                                               1
Self-Test 02


Model          Below find the model answers:
        Ans
        wers


Question 1
Fast and slow stock consumption levels are monitored to ensure sufficient
stock on hand to meet guests needs


Question 2
The reasons for evaluating stock performance is as follows:
• To measure performance against budget and establish which stock items
  are profitable and which items are not.
• To get valuable feedback about customers consumption preferences and
  to customise stock to better suit the customer, resulting in increased
  turnover.


Question 3
Forecasting refers to predicted monetary performance in relation to income
and expenditure to achieve desired profit amounts. Forecasting is important
as a control measure for performance such as turnover, expenses, stock
losses, breakages, etc.




                                                                            2

More Related Content

What's hot

Ml0010 warehousing and supply chain management
Ml0010   warehousing and supply chain managementMl0010   warehousing and supply chain management
Ml0010 warehousing and supply chain managementsmumbahelp
 
Supply Chain Management Powerpoint Presentation Slides
Supply Chain Management Powerpoint Presentation SlidesSupply Chain Management Powerpoint Presentation Slides
Supply Chain Management Powerpoint Presentation SlidesSlideTeam
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesSlideTeam
 
Ml0010 warehousing and supply chain management
Ml0010   warehousing and supply chain managementMl0010   warehousing and supply chain management
Ml0010 warehousing and supply chain managementsmumbahelp
 
Competitive supply chain strategies lsm
Competitive supply chain strategies  lsmCompetitive supply chain strategies  lsm
Competitive supply chain strategies lsmMadhuri Muniyal
 
Purchase & Materials Management ppt.
Purchase & Materials Management ppt.Purchase & Materials Management ppt.
Purchase & Materials Management ppt.tanaisha
 
What is a vendor-managed inventory system?
What is a vendor-managed inventory system?What is a vendor-managed inventory system?
What is a vendor-managed inventory system?ThreadSol
 

What's hot (8)

Ml0010 warehousing and supply chain management
Ml0010   warehousing and supply chain managementMl0010   warehousing and supply chain management
Ml0010 warehousing and supply chain management
 
Supply Chain Management Powerpoint Presentation Slides
Supply Chain Management Powerpoint Presentation SlidesSupply Chain Management Powerpoint Presentation Slides
Supply Chain Management Powerpoint Presentation Slides
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation Slides
 
Chap02
Chap02Chap02
Chap02
 
Ml0010 warehousing and supply chain management
Ml0010   warehousing and supply chain managementMl0010   warehousing and supply chain management
Ml0010 warehousing and supply chain management
 
Competitive supply chain strategies lsm
Competitive supply chain strategies  lsmCompetitive supply chain strategies  lsm
Competitive supply chain strategies lsm
 
Purchase & Materials Management ppt.
Purchase & Materials Management ppt.Purchase & Materials Management ppt.
Purchase & Materials Management ppt.
 
What is a vendor-managed inventory system?
What is a vendor-managed inventory system?What is a vendor-managed inventory system?
What is a vendor-managed inventory system?
 

Viewers also liked

Viewers also liked (20)

XSAM
XSAMXSAM
XSAM
 
Xpack slide sharebrochure_ol
Xpack slide sharebrochure_olXpack slide sharebrochure_ol
Xpack slide sharebrochure_ol
 
X o segredo da motivação
X o segredo da motivaçãoX o segredo da motivação
X o segredo da motivação
 
Xxiv feria escolar de ciencia y tecnologia 2014
Xxiv feria escolar de ciencia y tecnologia 2014Xxiv feria escolar de ciencia y tecnologia 2014
Xxiv feria escolar de ciencia y tecnologia 2014
 
XRAii #2 - Dawid Szczepaniak - Pride&Glory Interactive
XRAii #2 - Dawid Szczepaniak - Pride&Glory InteractiveXRAii #2 - Dawid Szczepaniak - Pride&Glory Interactive
XRAii #2 - Dawid Szczepaniak - Pride&Glory Interactive
 
Xyz n
Xyz nXyz n
Xyz n
 
Xvi Sieag Ufrj Claudio
Xvi Sieag Ufrj ClaudioXvi Sieag Ufrj Claudio
Xvi Sieag Ufrj Claudio
 
X S Cloud N R 5
X S  Cloud  N R 5X S  Cloud  N R 5
X S Cloud N R 5
 
XXL2012 - G1 - (Pre)final_presentation
XXL2012 - G1 - (Pre)final_presentationXXL2012 - G1 - (Pre)final_presentation
XXL2012 - G1 - (Pre)final_presentation
 
Xtralarge
XtralargeXtralarge
Xtralarge
 
Xp Scrum
Xp ScrumXp Scrum
Xp Scrum
 
XXXIII Domingo
XXXIII DomingoXXXIII Domingo
XXXIII Domingo
 
Xxii tacb2013 class 1ª saída (1)
Xxii tacb2013   class 1ª saída (1)Xxii tacb2013   class 1ª saída (1)
Xxii tacb2013 class 1ª saída (1)
 
Xy InterAct Credentials
Xy InterAct CredentialsXy InterAct Credentials
Xy InterAct Credentials
 
XV Odisea
XV  OdiseaXV  Odisea
XV Odisea
 
XtreemStore - A Scalable Storage Management Software Without Limits
XtreemStore - A Scalable Storage Management Software Without LimitsXtreemStore - A Scalable Storage Management Software Without Limits
XtreemStore - A Scalable Storage Management Software Without Limits
 
Xristoygenna ston parnasso
Xristoygenna ston parnassoXristoygenna ston parnasso
Xristoygenna ston parnasso
 
X Nature Falling Leaves
X Nature Falling LeavesX Nature Falling Leaves
X Nature Falling Leaves
 
Extreme Project Managment
Extreme Project ManagmentExtreme Project Managment
Extreme Project Managment
 
XSLT. Receptury. Wydanie II
XSLT. Receptury. Wydanie IIXSLT. Receptury. Wydanie II
XSLT. Receptury. Wydanie II
 

Similar to Xx54 model answers

Avery Denisson case study (1).pptx
Avery Denisson case study (1).pptxAvery Denisson case study (1).pptx
Avery Denisson case study (1).pptxKajalJoshi40
 
The Performance Measurement in Operations
The Performance Measurement in OperationsThe Performance Measurement in Operations
The Performance Measurement in Operationsricohermosomvcba
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 
Zafin regional CEO: Using Technology to Drive Earnings Growth
Zafin regional CEO: Using Technology to Drive Earnings GrowthZafin regional CEO: Using Technology to Drive Earnings Growth
Zafin regional CEO: Using Technology to Drive Earnings GrowthZafin
 
Customer satisfaction - Seniors.pptx
Customer satisfaction - Seniors.pptxCustomer satisfaction - Seniors.pptx
Customer satisfaction - Seniors.pptxVishuBansal12
 
Product Management Fundamentals
Product Management FundamentalsProduct Management Fundamentals
Product Management FundamentalsChris Lange
 
Assignment 2 - OPEMAN.pdf
Assignment 2 - OPEMAN.pdfAssignment 2 - OPEMAN.pdf
Assignment 2 - OPEMAN.pdfAngelaQuirog
 
Grab that wallet
Grab that wallet Grab that wallet
Grab that wallet siva kumar
 
Case Study on MBE.docx
Case Study on MBE.docxCase Study on MBE.docx
Case Study on MBE.docxGirishGarg20
 
Module 3 Session 4 Capacity management
Module 3 Session 4    Capacity managementModule 3 Session 4    Capacity management
Module 3 Session 4 Capacity managementAnushreeSingh49
 
CX Service and Quality Mgt. Credits to the rightful owners of the information...
CX Service and Quality Mgt. Credits to the rightful owners of the information...CX Service and Quality Mgt. Credits to the rightful owners of the information...
CX Service and Quality Mgt. Credits to the rightful owners of the information...GAGAYObera
 
Lowes Installation Department
Lowes Installation DepartmentLowes Installation Department
Lowes Installation Departmentjrmbar2008
 
operation Performance & Operation stategy
operation Performance & Operation stategyoperation Performance & Operation stategy
operation Performance & Operation stategyQamar Farooq
 
Effect of Demand on inventory- Supply Chain
Effect of Demand on inventory- Supply ChainEffect of Demand on inventory- Supply Chain
Effect of Demand on inventory- Supply ChainFaizan Ali
 

Similar to Xx54 model answers (20)

Avery Denisson case study (1).pptx
Avery Denisson case study (1).pptxAvery Denisson case study (1).pptx
Avery Denisson case study (1).pptx
 
The Performance Measurement in Operations
The Performance Measurement in OperationsThe Performance Measurement in Operations
The Performance Measurement in Operations
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 
CHAPTER-ONE.pptx
CHAPTER-ONE.pptxCHAPTER-ONE.pptx
CHAPTER-ONE.pptx
 
Zafin regional CEO: Using Technology to Drive Earnings Growth
Zafin regional CEO: Using Technology to Drive Earnings GrowthZafin regional CEO: Using Technology to Drive Earnings Growth
Zafin regional CEO: Using Technology to Drive Earnings Growth
 
Customer satisfaction - Seniors.pptx
Customer satisfaction - Seniors.pptxCustomer satisfaction - Seniors.pptx
Customer satisfaction - Seniors.pptx
 
Product Management Fundamentals
Product Management FundamentalsProduct Management Fundamentals
Product Management Fundamentals
 
Assignment 2 - OPEMAN.pdf
Assignment 2 - OPEMAN.pdfAssignment 2 - OPEMAN.pdf
Assignment 2 - OPEMAN.pdf
 
Grab that wallet
Grab that wallet Grab that wallet
Grab that wallet
 
Quality control
Quality controlQuality control
Quality control
 
Case Study on MBE.docx
Case Study on MBE.docxCase Study on MBE.docx
Case Study on MBE.docx
 
Module 3 Session 4 Capacity management
Module 3 Session 4    Capacity managementModule 3 Session 4    Capacity management
Module 3 Session 4 Capacity management
 
CX Service and Quality Mgt. Credits to the rightful owners of the information...
CX Service and Quality Mgt. Credits to the rightful owners of the information...CX Service and Quality Mgt. Credits to the rightful owners of the information...
CX Service and Quality Mgt. Credits to the rightful owners of the information...
 
Chopra scm5 ch02_ge
Chopra scm5 ch02_geChopra scm5 ch02_ge
Chopra scm5 ch02_ge
 
Lowes Installation Department
Lowes Installation DepartmentLowes Installation Department
Lowes Installation Department
 
operation Performance & Operation stategy
operation Performance & Operation stategyoperation Performance & Operation stategy
operation Performance & Operation stategy
 
Tqm ch 07
Tqm ch 07Tqm ch 07
Tqm ch 07
 
Material management
Material managementMaterial management
Material management
 
Tqm introduction
Tqm introductionTqm introduction
Tqm introduction
 
Effect of Demand on inventory- Supply Chain
Effect of Demand on inventory- Supply ChainEffect of Demand on inventory- Supply Chain
Effect of Demand on inventory- Supply Chain
 

Xx54 model answers

  • 1. XX54 CONTROL AND ORDER STOCK MODEL ANSWERS Self-Test 01 Model Below find the model answers: Ans wers Question 1 Stock levels are maintained for the following reasons: • Efficiency Procedures for maintaining stock levels mean that the kitchen staff and Chefs have no undue stress with planning menu items and can get on with their jobs efficiently. • Customer Service Customer service is priority. Ensure that customer expectations are met and they are delivered what they are promised. Keep adequate stock on order to serve menu items advertised. • Supply and Demand Ensure flexibility to daily fluctuations in customer demands. This is particularly important if there is excessive increase in customer consumption due to long weekends, holidays and peak periods. Question 2 Out of stock situations impact directly on the establishments ability to provide quality service / products and can result in dissatisfied customers. 1
  • 2. Self-Test 02 Model Below find the model answers: Ans wers Question 1 Fast and slow stock consumption levels are monitored to ensure sufficient stock on hand to meet guests needs Question 2 The reasons for evaluating stock performance is as follows: • To measure performance against budget and establish which stock items are profitable and which items are not. • To get valuable feedback about customers consumption preferences and to customise stock to better suit the customer, resulting in increased turnover. Question 3 Forecasting refers to predicted monetary performance in relation to income and expenditure to achieve desired profit amounts. Forecasting is important as a control measure for performance such as turnover, expenses, stock losses, breakages, etc. 2