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NUSC 4272 Final Exam Questions And Accurate Answers
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NUSC 4272 Final Exam Questions AndAccurate Answers
purchasing - Answer acquire goods or services to accomplish the goal of its enterprise
number of different people may do
number of things buyer needs to be aware of
challenges with food: purchasing - Answer seasonality
volume
quality
specification & packaging consistency
competitive cost
kind of food to select from - Answer fresh
frozen
canned
convenience
fresh pros & cost - Answer good quality if in season
- tatse
- nutrition
good price if in season
cons
more storage
more labor associated with it
more spoilage
frozen pros and cons - Answer convenient - available
low labor cost
less storage
,less spoilage
lower food cost
good nutritive value
canned pros and cons - Answer quality
- nutrient
- tatse
lower food cost
lower labor cost
no spoilage
easy storage
convenience pros and cons - Answer higher food cost
lower labor cost
look at facility
decrease storage
uniform product
? quality, nutritive value, variety
value analysis - Answer methodical analysis of all compounds of an existing product or
service with the goal of discovering & eliminating unnecessary costs without interfering
with the effectiveness of the product of service
looking for best buy
make or buy decision
- quantity, quality, service & cost
forecasting - Answer estimating future needs
menu tells you what you need; forecast tells you how much you need
historical records base for forecasting
- need production records
- including leftover amounts, total served, day of week, time of day, weather
time series model: moving average - Answer uniformly weighs past observations
, all numbers are weighed evenly
time series model: exponential smoothing - Answer recent values are given more weight
qualitative: casual model - Answer regression analysis
much more complex and epensive
look at several variables and the relationship between variables
- selling price, packaging, # of items, temp
- food processing plants
qualitative: subjective model - Answer naive model
use when relevant data is scarce or when relationship between data do not tend to
persist over time
relies on opinions
subjective model: Delphi technique - Answer give to experts individually to complete
questionnaire on a topic
summarized
revised for consensus
time consuming and expensive
Product Yield Model - Answer portion factor
portion divider
as purchased wt
portion factor - Answer 16 oz/ portion size
portion divider - Answer PF * Yield %
As Purchased Wt - Answer # of servings/ PD
EP - Answer edible portion
AP - Answer As purchased
informal purchasing - Answer purchasing small amount
item only available by few sources
need is immediate
market is uncertain- prices fluctuating a great deal, ? Supply
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