27/11/2022
Most F&B businesses are quickly adjusting prices with the cost of raw food rising, with no end in sight.
And from personal observations, F&B business owners do NOT have a system in place to monitor their food inventory and cost of goods. Primarily, relying on the traditional "purchase and sell method" which is "Buy at $XX, sell at X3 or more".
And when it is too late, they ask, "how come I spend so much on buying when sales are low? So they adjust the prices again and we consumers are the ones bearing this pain.
Is your F&B Business facing this? And how do you prevent this?
Reach out to me, and I will offer you some ideas that you make take and start putting in place.