Cost Control for Food & Beverage Operations
Details
This course is designed for all those involved with the management of food and beverage operations, from head chefs to food and beverage controllers.
‘Cost Control for F&B Operations’ has the purpose of assisting businesses in the effective management and control of food costs, which will have a direct impact on profitability.
The course is designed to help delegates understand pricing methods and the control of gross profit, as well as assisting them with the effective execution of daily financial tasks such as ordering, purchasing and gross profit calculation. Since staffing costs tend to be a significant expense alongside food costs in food and beverage establishments, the course will also cover wage and salary controls.
Outline
Divided into seven key topic areas, the course covers:
- Best practice in purchasing and stock control
- Menu planning, standard costing and gross profit management
- Impact of sales mix
- Wage and salary scheduling control
- KPI’s for food and beverage control
- Break-even analysis for F&B outlets
- Action plans for profit improvement
On completion of the course, delegates will be able to:
- Understand best practice for ordering, purchasing and calculation of gross profit
- Manage cost of sales with better forecasting, correct pricing and less wastage
- Manage gross profit margin of promotional activity, such as meal-deals and vouchers
- Forecast wage and salary cost
- Understand the basics of what the figures mean
All delegates will be provided with course notes and will be issued with a certificate of attendance upon completion of the day.
‘Cost Control for F&B Operations’ is delivered over the course of one day by an experienced facilitator from arena4finance. The day is complete with course notes and refreshments. Taking a practical approach, the course is highly interactive and consists of a series of worked examples, case studies and discussions.
Speaker/s
Debra Adams leads the arena4finance training team. She is a Chartered Management Accountant (CIMA), qualifying in 1990. Her early career was spent training and working in finance roles with an international hotel group followed by 11 years spent in higher education at Bournemouth University and subsequently with a range of accredited training providers designing education programmes both for classroom delivery and online.
Debra has delivered courses for non financial managers for a number of clients across a range of sectors, and current clients include Jumeirah International, the Hospitality Professionals Association, the Training Team, the Institute of Hospitality and the Master Innholders.
Founded in March 2004, arena4finance specialises in the design and delivery of financial training and professional development for non-financial managers and career accountants.
Working with businesses of all sizes, both nationally and internationally, we are experienced in developing online and face-to-face courses and bespoke professional development programmes for businesses that want to improve their understanding of financial management and strategy; from understanding basic accounting through to working with profit and loss budgets, revenue forecasts and cash flows.
We are experienced in delivering financial awareness courses to a range of sectors including hospitality, construction, care home services, not for profit and restaurants & contract catering. Our current clients include Emirates Academy of Hospitality Management in Dubai, Institute of Hospitality, Jumeirah International, Whitbread, Les Roches Hotel School, Glion London, The University Caterers Organisation (TUCO) and Responsible Hospitality Partnership (RHP). arena4|finance has also been granted approved partner status with the Association for Public Service Excellence (APSE) to deliver courses on Food Cost Control and other finance topics. ...
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