Currently doing a post grad unit relating to procurement strategies. I'm hoping to see if there are any kind souls here who can help with some research information I need to complete an assessment.
I need to do a profile spend for a hypothetical eco cafe setup serving Australian organic food near the Surf Coast of Victoria. I already have the population and tourism statistics, as well as market profile reports.
I'm currently stuck in determining the volume of inventory that we would need for such setup. How do you determine how much food/coffee/etc. the cafe will sell when you first start up, so you don't over/under order and can negotiate pricing with suppliers?
Really appreciate your inputs and any other information that would assist me with my assessment.
Thanks in advance!