HTM 2030 Lecture Notes - Lecture 8: Package Pilferage, Perpetual Inventory, Myofascial Trigger Point

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 2030
• Professor: William Murray

Document Summary

Figuring out product needs for a period requires a tracking tool e. g. how much we have. Bin cards are a simple method to show how much inventory is demanded over time. Keep tracking items come in and out/control better (perpetual inventory cards is kept away from storeroom) Using the periodic order method, determine order amount. 3cases? (*company often sells cans in 1 case of 12 or half case of 6, therefore, Expected to be a busy month; 50% increase in demand. Amt required for upcoming period-amt presently in hand. Ensure that enough quantity purchased meets the anticipate need without being excessive. Provide effective control over these stored items for future use. Orders based on maintaining an ongoing level of inventory. Based on inventory triggers that initial an order e. g. trigger: woo, in your head you think something is getting low you then order more of it no matter when it happens.