Onboarding roles – Food cost
PMI is a tool that enables you to easily manage resources such as labor, food, and energy to deliver guest satisfaction while minimizing costs.
Onboarding roles
Topic
food cost
Explore related guidance from the PMI Knowledge Base.
Resource consumption and purchase patterns
This summary will help you to understand and manage the Food Cost Cockpit.
Food cost cockpit
Review and Maintain Food Cost
The procedure below allows you to record your food cost and manage your food purchases by adequately measuring your stock turnover rate on a daily and…
Food cost cockpit
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
What do I enter in the Purchase column?
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
What is opening and closing stock?
Closing stock is your inventory or estimated inventory, if you do not have a counted stock account. Opening stock is the closing inventory from last month.
Food cost
What is turnover days and how is it calculated?
Turnover days is how many times an average stock is being converted into sales. Fewer turnover days means that you are selling your food quickly and…
Food cost
Where do I change my food cost forecast?
Go to the navigation menu, choose Budget & Forecast and select your cockpit. Here you can insert or update your forecast and budget for food cost…
Food cost
Why is opening and closing stock important?
1. Keeping track of opening and closing stock helps head chefs to efficiently manage and control their stock to minimize the risk of waste, track product…
Food cost