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Inventory Management of Local Restaurants

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Chapter I
The Problem and Its Setting

This chapter introduces the subject under research. It provides a thorough discussion of the problem being investigated as well as its significance. It further discusses the scope and limitations of the study and presents the definition of the terms used.

Introduction
Restaurants could be grouped according to the style of service they offer. The service style determines the layout, menu, inventory, food prices and décor of the restaurant. They could be classified as fast food, fast casual, fine dining and casual dining (Johnson, 2014).
This study focuses on the fast casual type of restaurants which are locally established in General Santos City. By definition a fast casual restaurant offers the ease and convenience of fast food, but with a more inviting sit-down atmosphere. The menu consists of better quality ingredients than can be found at most fast food establishments (Mealey, 2013). Inventory signifies all food, beverages, serving supplies and cleaning supplies. Every piece of inventory should be counted at least once every week so that menu items could be prepared for the customers and to stay in control of the goods on hand (Parpal, 2007). Inventory control, also known as inventory management, refers to the systems and strategies businesses use to ensure that they have adequate inventory.
According to Parpal (2007), the main purpose of conducting inventory count is to measure the amount of food, supplies and other products used over time. This usage can be converted to cost, which is then compared to total sales for a given period. This way, the management can get a feel for how much profit the business makes from the product sold. Another reason is that taking inventory affects ordering processes. It shows how much an establishment have as well as how fast it is being used, and thus how much it needs to

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