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The 5 Best Ways to Control COGS (ENCORE)
Manage episode 423374306 series 3251147
#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
359 episodes
Manage episode 423374306 series 3251147
#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
359 episodes
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