The Owners have approved of your measures to improve the budgetary performance and have asked you...

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The Owners have approved of your measures to improve the budgetary performance and have asked you to undertake the activities to: Renegotiate prices and credit terms with existing suppliers • Sourcing new suppliers . You have made appointments to meet with one of your best suppliers to renegotiate prices. and terms. You have also asked the F&B Manager of the restaurant to meet you to discuss the sourcing of new suppliers. You are required to participate in two role play activities simulating the above, to address the budget variance issues you have identified in the Part A. Your assessor will play the following two roles : Role Play 1- Food Supplier Sourcing new suppliers - F&B Manager . Your assessor will also observe you conducting the role play and will record your performance on the Role Play Observation Checklist below. Please review this checklist beforehand so you know exactly what is expected of you. Role Play 1 Participate in a meeting with an existing supplier (played by your assessor ), and a. Explain the purpose of the meeting b. Renegotiate for lower fixed prices and longer credit terms c. Some of the measures you could propose to the supplier are: let them know you are shopping around offerto buy in bulk from the supplier for lower prices offer to accept fewer deliveries of stock to save money vendor costs . remind them how beneficial this is for both parties - securing more business for the supplier and saving you money. d. Use effective communication skills, as given in the role-play checklist below. . Role Play 2 Participate in a meeting with the F&B Manager (played by your assessor ), and : a. Explain the purpose of the meeting b. Discuss desired budget outcomes with the F&B Manager c. Provide direction on resource use by sourcing new suppliers d. Advise them on reducing costs by using measures such as: The Owners have approved of your measures to improve the budgetary performance and have asked you to undertake the activities to: Renegotiate prices and credit terms with existing suppliers • Sourcing new suppliers . You have made appointments to meet with one of your best suppliers to renegotiate prices. and terms. You have also asked the F&B Manager of the restaurant to meet you to discuss the sourcing of new suppliers. You are required to participate in two role play activities simulating the above, to address the budget variance issues you have identified in the Part A. Your assessor will play the following two roles : Role Play 1- Food Supplier Sourcing new suppliers - F&B Manager . Your assessor will also observe you conducting the role play and will record your performance on the Role Play Observation Checklist below. Please review this checklist beforehand so you know exactly what is expected of you. Role Play 1 Participate in a meeting with an existing supplier (played by your assessor ), and a. Explain the purpose of the meeting b. Renegotiate for lower fixed prices and longer credit terms c. Some of the measures you could propose to the supplier are: let them know you are shopping around offerto buy in bulk from the supplier for lower prices offer to accept fewer deliveries of stock to save money vendor costs . remind them how beneficial this is for both parties - securing more business for the supplier and saving you money. d. Use effective communication skills, as given in the role-play checklist below. . Role Play 2 Participate in a meeting with the F&B Manager (played by your assessor ), and : a. Explain the purpose of the meeting b. Discuss desired budget outcomes with the F&B Manager c. Provide direction on resource use by sourcing new suppliers d. Advise them on reducing costs by using measures such as:

Answer rating: 100% (QA)

Role Play 1 a This meetings objective is to renegotiate our existing rates and credit terms We want to make sure that our budget is doing well and that we can save money for our business Our restauran... View the full answer