Improving Food Cost

Managing food cost is probably the most difficult yet most important task in the food service industry. Incorrectly measuring, monitoring and managing your food cost can cause a single location or a larger enterprise to become unprofitable or even fail. 

Increases in your operation's food cost can be caused by many factors. Factors such as inventory control, product purchasing and portion control that can affect your Base Food Cost and factors such as Waste, Comp Meals, Discounting and Coupons, and even Theft and Unexplained Loss that we call Opportunity Food Cost. 

Food cost, depending on your menu items and price points, can take upwards of one-third of your overall restaurant expenses. Reducing this cost by even one or two tenths of a percentage point can improve your long term profitability. That is where LP Innovations can help. 

Our programs are designed to focus on the key factors to improving your food cost and overall profitability. We can help you develop, implement and execute a complete program if you currently do not have one or support an existing program with individual services and resources that include;

Training and Educating Employees to understand their roles and how to prevent food cost increase.

Developing and conducting location audits that focus on policy & procedure compliance, food cost improvement and theft detection.

Data Analysis of your point of sale system to identify potential areas of loss from theft, coupon and discounting, and other register and sales related inventory and cash control concerns.

Want to talk about your current program and how together we can improve your food cost and profitability? Let's plan a discussion. 

Learn more about our programs from a couple of our customers. Read case studies by Hard Rock Café and Hooters of America.