Overview

In the hospitality industry we pay attention to everyday expenses and income, the cost of stock, wages and sales. These are not the only factors that impact on our bottom line. Every hospitality organisation uses non-current assets. Non-current assets include things such as buildings, plant and equipment, fixtures, fittings, furniture, vehicles, pools and even rides and games in some businesses.

These assets can help staff do their job, provide a place for the provision of goods and services, attract customers and help organisations maintain their image.

The purchase and maintenance of assets comes with costs. As a manager, it is your job to work out the best way to control these costs as well as maintain existing assets.

In this unit you will learn how to:

• Develop strategies for systematic maintenance, repair and purchase of physical assets
• Monitor the condition and performance of physical assets in the workplace
• Select staff
• Coordinate financing of physical assets.