The Hospitality Playbook Podcast
Liam talks with Matt Wampler from ClearCOGS about the importance of tracking actual vs theoretical food costs in the restaurant industry. Matt explains that actual food costs are the real costs incurred, while theoretical food costs are the expected costs based on recipes and menu items. Not tracking both can lead to a lack of understanding of true food costs and potential problems in inventory management. Matt provides tips on implementing processes to track actuals, emphasises the importance of consistency, and shares examples of restaurants that have successfully improved their food costs through tracking actual vs theoretical. Chapters 00:00 Introduction and Background 02:09 Understanding Actual vs Theoretical 04:01 Common Problems with Not Tracking Both 05:00 What Does Good Look Like? 06:07 Implementing Processes for Actuals 08:40 Breaking Down Variance 10:24 The Importance of Consistency 12:21 Tips and Tricks for Implementing 14:24 Threshold for Concern 15:20 Examples of Success 17:00 Conclusion Click here to learn about Play It Green [https://app.playitgreen.com/register/membership/code/Pilla] This podcast is produced by Pilla - Create your operational playbook so work always gets done. Click here to read more about Pilla. [https://yourpilla.com/]
38 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de The Hospitality Playbook Podcast!