unit 6 DB food The purchasing function is responsible for identifying the operational needs of the...

unit 6 DB food

The purchasing function is responsible for identifying the operational needs of the organization, negotiating, determining product specifications, and working with and choosing vendors. Managers are charged with making the appropriate buying decisions in an ethical and professional manner.

Topic: Purchasing and Technology

You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class regarding either videos or viable information regarding blockchain technology.

Make sure to title each response as Part A or Part B.

Part A: Technology

Discuss how you think this technology will change food and beverage purchasing. Explain your response.
Discuss how POS systems are used in eating establishments. When does it make sense to use a POS system? What advantages are there for management in using a POS system?

Expert Solution

Part A: Technology

BLOCKCHAIN LEDGER TECHNOLOGY: Blockchain technology is a way of sharing and storing information about transactions in a virtual space. The transactions can be looked at in real-time and simultaneously. It allows sharing transactional information across a network of users. It works through a consensus of computer systems.

How this technology will change food and beverage purchasing:

By the use of this technology in the food industry, it facilitates users to trace their recent food purchases in seconds. Shippers could utilise this technology when scheduling a delivery. The blockchain technology in the food industry can allow the members of the supply chain to be in constant touch with each other. This can facilitate a healthier relationship between the members and keep them updated about every little detail. The vendors can get an idea about their customers' food preferences. This can enable them to suggest a better choice the next time. The customers can also know when a product is in stock and when it is not. This can save them a lot of time. This technology also helps foster better relationships between the supplier and the retailer. In this way, the blockchain ledger technology will change the food and beverage purchasing industry.

P.OS:

POS stands for 'Point of Sale'. It is a technological system that is used in the retail industry and in food establishments. The computerized systems at the point of sale allow businesses to track their transaction details, cash flow, and food inventory. POS has made a huge change in bookkeeping by making it easier for businesses to keep track of their item sales.

If an eating establishment follows no proper order of sales, and the business wants to know more details about its working other than just merely performing sales duties, POS can be recommended for use. POS can bring stability to sales made and can keep the business updated about worker reporting, menu customizations, staff management, customer management, sales reporting, price adjustments, and so much more.

Advantages of using POS in management:

It is a system that is very easy to use.
Facilitates better tracking of various parameters.
Expands payment capabilities by allowing customers to pay through debit/credit cards.
Provides details to a business that are highly accurate.
Greater inventory management.
Greater employee management.
Simplifies accounting with the use of modern technology.
Facilitates a faster and effective service for customers.
Increases efficiency of the business.

keosha answered 1 month ago

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