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The 5 Best Ways to Control COGS (ENCORE)

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Manage episode 423374306 series 3251147
Content provided by Chip Klose. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chip Klose or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#350 - The 5 Best Ways to Control COGS (ENCORE)

*****

REGISTER NOW for the P3 PROFITABILITY SUMMIT (July 14-16, 2024 in St. Louis, MO): https://www.chipklose.com/events/ticket-p3-profitability-summit

*****

Of course, we're talking about the theoretical side of managing food cost, but this is where we should always begin. And if your COGS percentage is out of whack, there's a good chance your portioning and pricing is to blame. But the good news is that COGS problems are the best problems. Why? Because there are so many levers we can pull to fix the problem.

We can...

1) Renogiate with our vendors

2) Find a new SKU

3) Find a new vendor

4) Play with portion sizes

5) Increase the price

Hopefully this episode helps pull it all into perspective!

*****

Join me at the P3 PROFITABILITY SUMMIT in St. Louis, MO (July 14-16, 2024). Attendance is being capped at 100 people. Use the link below to get your tickets!

REGISTER NOW: https://www.chipklose.com/events/ticket-p3-profitability-summit

  continue reading

359 episodes

Artwork
iconShare
 
Manage episode 423374306 series 3251147
Content provided by Chip Klose. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chip Klose or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#350 - The 5 Best Ways to Control COGS (ENCORE)

*****

REGISTER NOW for the P3 PROFITABILITY SUMMIT (July 14-16, 2024 in St. Louis, MO): https://www.chipklose.com/events/ticket-p3-profitability-summit

*****

Of course, we're talking about the theoretical side of managing food cost, but this is where we should always begin. And if your COGS percentage is out of whack, there's a good chance your portioning and pricing is to blame. But the good news is that COGS problems are the best problems. Why? Because there are so many levers we can pull to fix the problem.

We can...

1) Renogiate with our vendors

2) Find a new SKU

3) Find a new vendor

4) Play with portion sizes

5) Increase the price

Hopefully this episode helps pull it all into perspective!

*****

Join me at the P3 PROFITABILITY SUMMIT in St. Louis, MO (July 14-16, 2024). Attendance is being capped at 100 people. Use the link below to get your tickets!

REGISTER NOW: https://www.chipklose.com/events/ticket-p3-profitability-summit

  continue reading

359 episodes

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