What are my routines in the Food cost cockpit?
1. Enter the total value of your food purchases as a lump sum in the Purchase column on the day they are delivered, excluding VAT.
Food cost
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1. Enter the total value of your food purchases as a lump sum in the Purchase column on the day they are delivered, excluding VAT.
Food cost
Pickup Statistics show how your on-the-books figures (booked rooms, rates, revenue, etc.) change over time. They help you track increases or decreases in different segments and…
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Productive hours are paid hours for work connected to a department. Non-productive hours are a paid absence, i.e., there is a cost for the hours although…
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RevPAR Stands for Room Revenue Per Available Room and TrevPAR stands for Total Revenue Per Available Room.
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Key Performance Indicator (KPI) is a type of performance measurement. In PMI, a symbol is used to show the correlation of specific indicators to Forecast, Budget…
Management perspective
The KPI indicates how you are pacing MTD vs Forecast, Budget, and LY.
Benchmarking
Rates are average total labor cost per hour in the department (cockpit). It should include taxes and social charges. These are calculated by dividing the total…
Cockpit
Seasons in PMI are automatically defined periods that group together historical dates with similar booking behavior or activity levels. They help PMI make accurate forecasts by…
Live forecast
In the Schedule module near the bottom of the page is a row called Timekeeping system (TKS) excluded hours. If you have hours in the department…
Schedule
The first time you set up a plan we would normally advise using last year's actual data as long as it had a fairly normal business…
Manually enter the total value of your food purchases as a lump sum in the Purchase column on the day they are delivered, excluding VAT.
Food cost
The green plus sign means that the Cockpit is updated and is using fewer hours than the forecasted productivity target or hours, month to date.
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