'How do we control food cost in a restaurant? What can we do to control and predict monthly food cost accurately? Flash Food Cost, is a timely and practical way, to actively monitor the restaurant food cost on a daily basis. Effectively monitoring managing month end financial performance for a restaurant is critical. But finding out our food cost is high, and profit low, after the month is over, is not effective control. Using Flash Food Cost, we are provided with the percentage ratio of goods to revenue, each day, allowing us to compare actuals to budget. In this video, we learn the how and why of quickly generating a daily or \"flash\" food cost. This simple yet powerful tool, takes just minutes each day to perform. The information the flash food cost provides, allows us to reliably predict the month end financial results for our operation. Instead of finding out the food cost is too high AFTER the month end has closed, we know BEFORE month end. Flash food cost provides us the precious time, the opportunity, and the information, to react. We can immediately effect positive changes, to improve profitability, before it\'s too late.'
Tags: Budget , profit , understanding , business planning , Restaurant menu , food cost , Restaurant Management , cost control , menu engineering , Menu Profit , menu calculations , menu mix , menu fundamentals , menu understanding , menu class , algonquincollege , culinary management , restaurant budget , menu changes , daily food cost , flash food cost , menu control , improving profit
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