How to Calculate Food Costs: Course for Managers
Achieve the ideal food costBoost menu items’ profitsSpot winning combosManage cost fluctuations
Struggling with fluctuating food costs? Learn why mastering costs is the key to a more profitable restaurant
This course is designed specifically for decision-makers in the F&B industry, offering practical insights and actionable strategies to keep food costs in check. Learn how to harness tools and techniques to unlock your menu's maximum profitability potential.
Restaurants (full service, QSR, fine dining) Cafes Food trucks & kiosks Cloud kitchensBars & LoungesBakery & Sweets Restaurant Owners Restaurant Managers Operations Managers Financial ManagersHead ChefsOther F&B Decision MakersIn this short complementary course you will learn how to use a food cost calculator to boost the profitability of your F&B business.
We will take you through a guided tour that covers:
Understanding your ideal food cost Recipe cost management Using menu engineering to spot winning combos Making data-driven decisionsManaging waste to optimize costsThe course will be hosted by Ali Payandenick, CEO and Founder of Polaris Technology.
Ali is a software engineer with hands-on expertise in the food and beverage industry. After observing first-hand the shortcomings restaurant managers face, from the front of the house to the back of the house, he decided to develop a software solution to address these challenges, and so Polaris ERP was created. With over 15 years of experience in the tech for food market, Ali is the perfect guide to help you master food costs and boost your restaurant’s profitability.
It provides detailed insights into where your money is going, allowing you to identify areas where you can cut costs (i.e. ordering fewer items, negotiating with suppliers), without compromising on quality.
By standardizing recipes and portion sizes, a food cost calculator ensures that each dish is prepared consistently, maintaining quality and customer satisfaction.
With AI-embedded technology, you can automatically calculate the ideal food cost for each menu item, ensuring maximum profitability across your entire menu.
Polaris ERP provides detailed insights into where your money is going, allowing you to identify areas where you can cut costs without compromising on quality.
With AI-embedded technology, you can automatically calculate the ideal food cost for each menu item, ensuring maximum profitability across your entire menu.
Using recipe management and precise cost of goods sold (COGS) analysis for a local burger restaurant, they were able to bring food wastage down to 20% within a year.
