Atithya: A Journal of Hospitality

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Review of Important Measures for Controlling Costs for Running a Successful Restaurant Business


Affiliations
1 Tilak Maharashtra Vidyapeeth, Pune, Maharashtra, India
2 TMV’s IHMCT, Pune, Maharashtra, India
     

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The article will throw a light on factors which contribute to the success of the restaurants trough controlling costs. Cost control is the practice of analyzing and reducing restaurant purchases to increase profits, and it starts with the budget forecasting. There are many factors which contributes to the success of the restaurant, one of them is controlling of cost. Factors in controlling costs are Inventory control, Employee Management, Yield Management, Waste management and pilferages, Creative construction of menu. Inventory control, employee management, waste and pilferages are the control measures which can be implemented directly in to a daily routine of the business. Yield management and creative construction of menu requires planning and research from the inception level.

Keywords

Restaurant Cost Control, Inventory Control, Employee Management, Yield Management, Waste Management and Pilferages, Creative Construction of Menu.
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  • Kenton, W. (2018). Cost control. Retrieved from https:// www.investopedia.com/terms/c/cost-control.asp, Accessed on 16th January 2019.

  • Alex-Onyeocha1, O. U., Anyanwu, L. A., Opoola, A., Ajoku, S. T., Yakubu, F. E., & Maduakolam, 2015, Food costing and control: A vital aspect of hospitality industry business. Retrieved from http://www.pearlresearchjournals.org/journals/pjmssh/archive/2015/Aug/pdf/Onyeocha%20et%20al%20.pdf, Accessed on 17th January 2019.

  • Ashe-Edmunds, S. (2018). How to Control Cost of Food & Labor in a Restaurant Service. Retrieved from https://smallbusiness.chron.com/control-cost-food-labor-restaurant-service-66929.html, Accessed on 16th January 2019.

  • Heskett, E. (2015). 5 Innovative Ways to Manage Restaurant Food Costs, https://pos.toasttab.com/ blog/how-to-manage-restaurant-food-costs, Accessed on 16th January 2019.

  • Food safety and standards authority of India. (2017).Food safety management systems. Guidance document, http://www.ahar.in/publications/, Accessed on 17th January 2019.


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  • Review of Important Measures for Controlling Costs for Running a Successful Restaurant Business

Abstract Views: 227  |  PDF Views: 0

Authors

Aditi Joshi
Tilak Maharashtra Vidyapeeth, Pune, Maharashtra, India
Vishal Alkonda
TMV’s IHMCT, Pune, Maharashtra, India

Abstract


The article will throw a light on factors which contribute to the success of the restaurants trough controlling costs. Cost control is the practice of analyzing and reducing restaurant purchases to increase profits, and it starts with the budget forecasting. There are many factors which contributes to the success of the restaurant, one of them is controlling of cost. Factors in controlling costs are Inventory control, Employee Management, Yield Management, Waste management and pilferages, Creative construction of menu. Inventory control, employee management, waste and pilferages are the control measures which can be implemented directly in to a daily routine of the business. Yield management and creative construction of menu requires planning and research from the inception level.

Keywords


Restaurant Cost Control, Inventory Control, Employee Management, Yield Management, Waste Management and Pilferages, Creative Construction of Menu.

References