Food Cost Management

To remain competitive in today’s marketplace, companies must constantly find ways to optimize every aspect of their business, from procurement to production to consumption. CrunchTime!’s Food Cost Management features include:

• Theoretical Food Cost - Pinpoint cost savings opportunities: See exactly what your food cost should be for any item, and compare that to your actual cost. The difference is money wasted.
• Perpetual Inventory Management - Cut costs by maintaining optimal inventory levels – reduce excess inventory waste while avoiding out of stock incidents. The 100% web-based solution allows for real-time tracking of all items – from ordering to depletion at the restaurants.
• Menu Engineering - Engineer more profitable menus by analyzing customer demand, item percentage sales contributions, and costs and profit margins. Launch more effective campaigns by understanding the true plate costs of a new recipe, LTO or promotion – prior to rollout.
• Loss Prevention - Identify fraudulent activities though alerts and trend tracking. Monitor high cost ingredients, isolate critical areas, and track user-specific activities to reduce any dishonest behavior. Take preventative measures to ensure that loss prevention is minimal.
• Suggested Order - Simplify ordering at the store-level with system-generated suggested ordering based on par levels, historical consumption patterns, sales forecasts and on-hand inventory levels.
• Sales and Cash Reconciliation - Capture mission critical data for reporting, including over/short, guest counts, comps and discounts, credit card transactions, bank deposits, catering activity, day-part analysis, voids, and much more. Track high-impact events including promotion, weather, catering and any other special events.
• Demand Based Production - Reduce the costs associated with over-production by forecasting your food production schedule based on sales forecasts and historical consumption patterns. Build custom production schedules by hour, shift, day, week, or by prep station, and adjust plans daily and intra-day, based on traffic and consumption.