How does management go about analyzing the current information needs of a hospitality operation?How can flowcharts...

How does management go about analyzing the current information needs of a hospitality operation?How can flowcharts be used as a method of analysis?

Expert Solution

So far as lodge enterprise is worried, management accounting plays the predominant position in the context of F&B section. It additionally plays its function where each department is meant to sustain on its possess.
Some of its value are listed as underneath:
To investigate whether or not its profitable to function any designated segment of the enterprise or no longer. (primary costing)
To verify and measure the actual final result towards the budgeted ones. This will support to analyse where and the place we ought to convey a transformation. (Budetary administration method mixed with general costing)
Pricing of goods and services. (Pricing)
Paretos may also be used to search out the areas of development in resorts. (Pareto evaluation)
To examine the right order dates for stock. (EOQ, stock management together with perpetual and periodic dimension approach)
enlargement planning in terms of increasing any food outlet or so as to add any carrier like spa or confidential pools. (principal costing once more)
you can even use ABC costing when you have occupancy important points coupled with provider administration and a correct inventory procedure. It will still be more fruitful if there's a appropriate market gain knowledge of and the hotel is already in operation for a couple of years

keosha answered 1 year ago

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