ISO 22000

ISO 22000 is an international standard that specifies requirements for a food safety management system (FSMS) in the food industry. It provides a framework for organizations involved in the food supply chain to ensure the safety of food products and to demonstrate their ability to control food safety hazards. Here are some key aspects of…

The Four Types of Menu Performance

The four types of menu performance are often categorized based on their contribution to overall profitability and popularity within a restaurant. They include: Stars: These are the high-profit, high-popularity menu items. They are the best performers, contributing significantly to both revenue and profit. Stars are the items that customers frequently order and are willing to…

Calculating the Break-Even Point

To calculate the break-even point, you need to determine the level of sales or production at which total revenue equals total costs, resulting in neither profit nor loss. The break-even point can be calculated using the following formula: Break-even point (in units) = Fixed Costs / (Selling Price per Unit−Variable Cost per Unit) Or, if you want to calculate the break-even point in terms of…

Cost of Goods (COGS)

COGS stands for Cost of Goods Sold. It refers to the direct costs incurred in producing or purchasing the goods that a company sells during a specific period. COGS includes expenses such as the cost of raw materials, labor directly involved in production, manufacturing overhead, and any other costs directly attributable to the production of…