In this programme, participants will gain a thorough understanding of the control of gross profit and pricing methods. This will be a practical session, designed to help participants deal with the daily financial tasks they have to undertake such as ordering, purchasing, gross profit calculations, and how gross profit impacts on sales. Participants will also look briefly at wage and salary controls.
TARGET GROUP
All personnel dealing with food and beverage services, including bar tenders, waiters and waitresses, wine and dine restaurant owners, any hotel or restaurant staff with no formal qualification of trade.
COURSE CONTENT
Best practice in purchasing and stock control
Menu planning, standard costing and gross profit management
Impact of sales mix
Wage and salary scheduling and control
Action plans for profit improvement
Importance of cost control
Understanding purchasing procurement, purchasing cycle and purchasing specification
Basic steps in receiving products and beverages
Working out the cellar records
Implementing control cycle & system
Working with purchase order, delivery docket / sales invoice / credit note /goods refund and goods receipt
Implementing procedures for storing goods
Implementing bin cards
Learn basic accounting terms
Prepare an income statement
BENEFITS OF ATTENDING
THIS PROGRAMME ENABLES PARTICIPANTS TO:
Gain an understanding of best practice for ordering, purchasing, gross profit calculations
Learn how to manage cost of sales with better forecasting, correct pricing and less wastage
Forecast wage and salary costs
Gain a general understanding of what the figure means
COURSE DETAILS
DELIVERY MODE PowerPoint presentation, Flipchart, Role Plays, Group discussions and Practical Exercises.
PRE-REQUISITES The programme does not require any pre-requisites
Start Date: 09/16/2019 End Date: 09/20/2019
Registration for this course has been closed. Please click ALL COURSES to view more future courses
Course Description
Course Duration: 5 days
Training Center: Select Location
Start Date: 09/16/2019
End Date: 09/20/2019
Registration for this course has been closed. Please click ALL COURSES to view more future courses
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