Cost Control and Purchasing -1 Day
Overview
Cost control and purchasing play a critical role in maintaining profitability and operational
efficiency in the hotel industry. Hotels operate in a dynamic environment where costs related
to food, beverages, housekeeping supplies, and operational materials must be carefully
managed without compromising service quality.
For finance personnel, understanding how purchasing decisions impact cost, inventory, and
overall financial performance is essential. Poor purchasing practices, lack of control, and weak
monitoring systems can lead to wastage, overstocking, pilferage, and unnecessary expenses.
This programme is designed to equip participants with fundamental knowledge and practical
skills in cost control and purchasing processes within a hotel environment. It focuses on basic
principles, controls, and procedures to help participants manage costs effectively, support
operational departments, and ensure proper financial discipline.
Who Should Attend
• Finance Executives and Assistants
• Accounts and Costing Staff
• Purchasing and Store Personnel
• Junior finance team members in hotels
• Operational staff involved in purchasing or inventory
Learning Objectives
Upon completing this training, participants will be able to:
• Understand the importance of cost control in hotel operations
• Identify key cost components in hotel departments (F&B, housekeeping, etc.)
• Understand the purchasing cycle and basic procurement procedures
• Apply basic cost control techniques to minimize wastage and overspending
• Monitor and track inventory and purchasing activities effectively
• Support operational departments in maintaining cost efficiency