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

ATITHYA: A Journal of Hospitality

Volume 5 Issue 1

Published: 2019
Author(s) Name: Aditi Joshi, Vishal Alkonda | Author(s) Affiliation: Research Scholar, Tilak Maharashtra Vidyapeeth, Pune, Maharashtra, India.
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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

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