cogs Archives

Understanding and Optimizing Your Restaurant’s COGS

Posted on December 6, 2023 (December 7, 2023) by Melissa Evans

Running a successful restaurant isn’t just about serving food—it’s also about managing costs effectively. One of the critical metrics in this business is the Cost of Goods Sold (COGS). Whether you’re familiar with COGS or exploring it for the first time, understanding and controlling it can significantly impact your restaurant’s profitability. What are COGS? COGS […]

How to Improve Your Cost of Goods Sold (COGS)

Posted on July 12, 2018 by Nisreen Galloway

What steps can you take to improve your restaurant operation’s cost of goods sold (COGS)? DEFINITIONS What is cost of goods sold? Food. Beverage. Paper. COGS: Largest expense as an operator; challenging to control and maintain. What hurts COGS? Missed forecasting, ordering/receiving errors, transfers/borrow and loan, inventory control, unintentional loss/waste, Poor training Steps you can take Sales Forecasting Calendars: […]