Arena4finance is proud to announce that our online course ‘Cost Control for Food & Beverage Operations’ is now supported and powered by the award winning software from Kafoodle.
Kafoodle is a food technology company that have developed innovative software to help the foodservice industry create and manage recipes and meal plans, calculate nutrition, manage and communicate allergens, monitor stock, control costs and record waste.
The two-half day course, delivered via our engaging learning platform, has been designed to help all those in catering businesses who need to manage food and beverage costs, from purchasing through to selling products. Learners will have the opportunity to receive expert instruction and coaching from Debra Adams, founder of arena4finance, a UK based training consultancy specialising in accounting for the hospitality industry and the timing could not be more critical for the sector.
In August last year, hospitality businesses were relieved to welcome consumers back following the easing of lockdown restrictions, many signed up to the Eat Out to Help Out Scheme which boosted footfall and a reduced rate of VAT was introduced to help ease the pressure on businesses. Fast forward to October 2021 though and although social distancing restrictions have eased for several months now, which has been a welcome relief for many businesses, VAT has risen to 12.5% and businesses are faced with rising food costs due to a complex combination of supply issues, staff shortages, increased inflation and higher transport costs.
As hospitality businesses work out how to bounce back, it is critical that they monitor and manage their costs. Without close monitoring, the rising cost of food and beverages and wage inflation could drain vital cashflow, so hospitality businesses need to ensure that every stage of the purchasing cycle and costing process is designed to be sustainable and maintain profitability.
‘Cost Control for Food & Beverage Operations’ has been designed as a short intensive online course to help participants understand pricing methods and the control of gross profit as well as assisting with the effective execution of daily tasks such as ordering, storage and issuing stock. Since payroll costs tend to be a significant cost for many, the course will also cover wage and salary controls.
Divided into six key topic areas, the course will cover:
- Best practice in purchasing and stock control
- Menu planning, standard costing & gross profit management
- Impact of sales mix and menu engineering
- Wage & salary scheduling control
- KPI’s for food & Beverage control
- Action plans for profit improvement
Debra Adams comments: “We are delighted to be able to use Kafoodle to support our course, providing our learners with an opportunity to put their learning into practice with an award winning platform which enables the user to monitor stock, order from suppliers, keep track of price changes and record waste all from one dashboard plus much, much more!”
Sarah Dovey, Operations Director at Kafoodle, adds: “I’m so pleased we can support kitchen professionals by giving them access to our software during their training. Never has it been so important to have accurate costings in place whilst understanding the nutritional value of dishes with the new calorie labelling law that will be effective in April 2022.”
The next course will be held over two half days on 25th and 26th November – to reserve your place visit: Arena 4 Finance - Online course for Food and Beverage Cost Control.
arena4finance regularly provide training support for recognised industry bodies including the Institute of Hospitality, the MasterInnholders, TUCO and the European Clubs Association. Debra Adams, founder of arena4finance and a qualified accountant, has been involved with the hospitality industry for almost 30 years and has delivered courses and training to numerous organisations in the hotel and restaurant sector including world renowned hotel schools such as Ecole Hotelier Lausanne and Glion Institute in Switzerland. She is the author of the highly acclaimed text book 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries'. She is also a regular speaker at hotel conferences and business seminars. Debra leads the team at arena4finance, who have had many years of experience developing and delivering one day, online and more extensive courses in hospitality finance for both finance professionals and operational heads of department in hotels, restaurants and leisure facilities. Our courses are powered by our online learning community resources at www.finance4hospitality.co.uk For more information about arena4finance, email [email protected] or visit our website www.arena4finance.co.uk
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