Executive Development Programme in Food Service Budgeting
-- ViewingNowThe Executive Development Programme in Food Service Budgeting certificate course is a crucial training program designed to enhance the budgeting skills of professionals in the food service industry. With increasing demand for financial expertise in this sector, this course is essential for career advancement.
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⢠Fundamentals of Food Service Budgeting: An introductory unit covering the basics of creating and managing a budget for food service operations.
⢠Financial Planning and Analysis: This unit will focus on understanding financial statements, forecasting, and variance analysis.
⢠Cost Control and Management: A deep dive into controlling food and labor costs, inventory management, and waste reduction.
⢠menu engineering: This unit will cover menu pricing strategies, menu design, and menu engineering principles.
⢠Purchasing and Vendor Management: Understanding the procurement process, negotiating with vendors, and managing contracts.
⢠Budgeting for Capital Expenditures: This unit will cover the process of budgeting for equipment purchases, renovations, and other capital expenditures.
⢠Financial Benchmarking: This unit will cover the use of financial benchmarking to compare the performance of food service operations against industry standards.
⢠Risk Management for Food Service Operations: Understanding and mitigating financial risks associated with food service operations.
⢠Financial Leadership and Decision Making: This unit will cover the role of financial leadership in driving business decisions in food service operations.
Note: The above list of units is not exhaustive and can be modified to meet the specific needs of the program.
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