Available in: Agile | Aware | Analyzer | Multi-Outlet
Why it's important
Staying updated on food costs is crucial, as ingredient prices can change daily. Rather than spending time reviewing each recipe individually, Recipe Analyzer provides a comprehensive overview that enables you to quickly identify any cost-related issues.
The Recipe Analyzer shows the percentage by which each recipe exceeds or falls below the target food cost %. This report answers important questions, such as;
- Which recipes generate the most profit?
- Are my recipe food costs in line with the target objective?
- Which recipes show the largest discrepancy between actual and target food cost percentages?
How to use it
1) From Recipe Manager, click on Tools drop-down menu, and then select Recipe Analyzer
2) The Recipe Analyzer report opens.
3) The thumbs up/down column shows which recipes exceed the target food cost. This column highlights;
- Recipes increasing profits with a lower food cost,
- Recipes reducing profits due to higher than expected food costs,
- Recipes that return the most margin dollars?
- Recipes above the target percentage require you to analyze their cost structure to bring the profitability back into line.
The recipe in the image below indicates that it is 22.22 % more profitable than the target.
How did we get that number?
- The target food cost% 45
- Minus the current cost% 35
- Divide by target cost% 45
- 45-35/45=22.22%