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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