https://www.udemy.com/hotel-management-food-beverage-and-general-cost-control/?couponCode=INTERNAL
In Hospitality management, F&B and other general Cost are second largest cost in hospitality apart from labour cost.
in this hotel management cost control course you will learn the fundamental processes by which these cost can be controlled.
we will learn various
- PAR Setting process for general inventory
- How to Calculate kitchen food orders
- Butcher Test / Yield Tests
- Bar Spot Checks
- Various other control aspects related to hotel cost controls
This Course is designed for hotel cost controllers, finance staff, department heads to be able to understand how cost for hotels are managed.
https://www.udemy.com/hotel-management-food-beverage-and-general-cost-control/?couponCode=INTERNAL
In Hospitality management, F&B and other general Cost are second largest cost in hospitality apart from labour cost.
in this hotel management cost control course you will learn the fundamental processes by which these cost can be controlled.
we will learn various
- PAR Setting process for general inventory
- How to Calculate kitchen food orders
- Butcher Test / Yield Tests
- Bar Spot Checks
- Various other control aspects related to hotel cost controls
This Course is designed for hotel cost controllers, finance staff, department heads to be able to understand how cost for hotels are managed.
Use the GFB One page scorecard to help your Clients to
Evaluate clients profitability cash and return on investment in a One page scorecard
Where their key financial performance opportunities exist
Instantly know the impact of various decisions before you make them
How to convert financial statements in a real life management tool
Produce effective financial diagnostics
Create future projected financial statements and cash flows
Create consulting revenues that is truly saleable
Use the GFB One page scorecard to help you
Evaluate profitability cash and return on investment in a One page scorecard
Educate you people on how decisions impact the income statement, Balance Sheet and Cash flow statement
Know the impact of price and volume decisions
Know the difference between good and bad growth
Understand whether you are making money from other people money (risk profiling)
Discover where their key financial performance opportunities exist
Instantly know the impact of various decisions before you make them
How to convert financial statements in a real life management tool
Produce effective financial diagnostics
Create future projected financial statements and cash flows
Create consulting revenues that is truly saleable
Results Obtained
Spend and Inventory Reduced
Spend was reduced by more than 25% and carrying inventory by more than 10%.
This was done through Mr. Urillo’s recommendations of specific size and gauge
elimination while proactively managing order timing to maximize vendors manufacturing
efficiencies. This also helped the vendors by reducing their need for
change overs on their equipment to accommodate the numerous sizes and gauge
changes. There was no impact in the field as the gauge changes in some instances
were less than 0.001”. The largest gauge change recommendation was 0.003”, and
the largest size change was 0.5”.
The newspapers running a thinner or smaller product had no impact on delivery
or delivery complaints. Also, the system was changed for monitoring usage
and ordering which allowed for larger order quantities in agreed upon sizes and
gauges which gave us the maximum impact to savings. This was a major change in
the company as each newspaper became a part of the aggregated spend for the
benefit of the entire company.
The Purchase Order entry in the ERP system was changed to using Pcards for the
purchases, which provided an extra return at the end of the year of 1.5%. This
helped increase controls on the spending by issuing the cards on a product specific
basis. This kept the cards from being used on other commodities and kept the
reporting on the bags very controlled and much easier to analyze.
A plan designed to value and remove difficult strength from the balance sheet of troubled financial institutions in the U.S. Essentially, the Public-Private Investment Program's goal is to create cooperation with private investors to buy toxic strenth. The program is designed to increase fluidity in the market and to serve as a price-discovery tool for valuing troubled assets.
We are leading manufacturers and exporters of service station and automotive garage equipment such as automotive nitrogen generators, drilling machines, air grinders etc. We ensure the quality at par with international standards.
Sales & Operations Planning (S&OP): An IntroductionSteelwedge
Do you know the secret to a successful Sales and Operations Planning process?
Your ability to troubleshoot issues, plan for unexpected events, and maintain a reliable, single set of planning numbers is drastically affected by people, process and technology.
Educate your colleagues or refresh your own skills with the new introduction to S&OP presentation.
For more information about S&OP and how Steelwedge can help your business, please visit: http://www.steelwedge.com/resources/sales-and-operations-planning-intro/
Sales & Operations Planning (S&OP) and integrated business planning (IBP) align demand, supply and finance, allowing a holistic view across all departments so that businesses can test the financial impact of different “what if” options and respond to unplanned events--both positive and negative. Visit http://www.steelwedge.com/resources/s-and-op-intro
Use the GFB One page scorecard to help your Clients to
Evaluate clients profitability cash and return on investment in a One page scorecard
Where their key financial performance opportunities exist
Instantly know the impact of various decisions before you make them
How to convert financial statements in a real life management tool
Produce effective financial diagnostics
Create future projected financial statements and cash flows
Create consulting revenues that is truly saleable
Use the GFB One page scorecard to help you
Evaluate profitability cash and return on investment in a One page scorecard
Educate you people on how decisions impact the income statement, Balance Sheet and Cash flow statement
Know the impact of price and volume decisions
Know the difference between good and bad growth
Understand whether you are making money from other people money (risk profiling)
Discover where their key financial performance opportunities exist
Instantly know the impact of various decisions before you make them
How to convert financial statements in a real life management tool
Produce effective financial diagnostics
Create future projected financial statements and cash flows
Create consulting revenues that is truly saleable
Results Obtained
Spend and Inventory Reduced
Spend was reduced by more than 25% and carrying inventory by more than 10%.
This was done through Mr. Urillo’s recommendations of specific size and gauge
elimination while proactively managing order timing to maximize vendors manufacturing
efficiencies. This also helped the vendors by reducing their need for
change overs on their equipment to accommodate the numerous sizes and gauge
changes. There was no impact in the field as the gauge changes in some instances
were less than 0.001”. The largest gauge change recommendation was 0.003”, and
the largest size change was 0.5”.
The newspapers running a thinner or smaller product had no impact on delivery
or delivery complaints. Also, the system was changed for monitoring usage
and ordering which allowed for larger order quantities in agreed upon sizes and
gauges which gave us the maximum impact to savings. This was a major change in
the company as each newspaper became a part of the aggregated spend for the
benefit of the entire company.
The Purchase Order entry in the ERP system was changed to using Pcards for the
purchases, which provided an extra return at the end of the year of 1.5%. This
helped increase controls on the spending by issuing the cards on a product specific
basis. This kept the cards from being used on other commodities and kept the
reporting on the bags very controlled and much easier to analyze.
A plan designed to value and remove difficult strength from the balance sheet of troubled financial institutions in the U.S. Essentially, the Public-Private Investment Program's goal is to create cooperation with private investors to buy toxic strenth. The program is designed to increase fluidity in the market and to serve as a price-discovery tool for valuing troubled assets.
We are leading manufacturers and exporters of service station and automotive garage equipment such as automotive nitrogen generators, drilling machines, air grinders etc. We ensure the quality at par with international standards.
Sales & Operations Planning (S&OP): An IntroductionSteelwedge
Do you know the secret to a successful Sales and Operations Planning process?
Your ability to troubleshoot issues, plan for unexpected events, and maintain a reliable, single set of planning numbers is drastically affected by people, process and technology.
Educate your colleagues or refresh your own skills with the new introduction to S&OP presentation.
For more information about S&OP and how Steelwedge can help your business, please visit: http://www.steelwedge.com/resources/sales-and-operations-planning-intro/
Sales & Operations Planning (S&OP) and integrated business planning (IBP) align demand, supply and finance, allowing a holistic view across all departments so that businesses can test the financial impact of different “what if” options and respond to unplanned events--both positive and negative. Visit http://www.steelwedge.com/resources/s-and-op-intro
How to integrate volatile/non-transparent emerging markets into powerful S&OP...Lidia Koubová
- Why classical S&OP fails in emerging and/or distributor markets
- Strategies for successful emerging market integration with existing S&OP and IBP process
- Before & after – incorporating distributors/third parties into a powerful S&OP
- Introduction steps, challenges and measurable benefits within 12—24 months
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
2. What is it?
Formal Business Process spread over 18-24 Months of
planning Horizon
Product Families (not items)
Volume (not Mix)
Monthly review Cycle
Both product and financial units
2
9. Put Simply
End of
month
STEP 1
Data
Gathering
STEP 5
Exec SOP
Meeting
STEP 4
Pre-SOP
Meeting
STEP 3
Supply
Planning
STEP 2
Demand
Planning
Statistical forecasts
Field sales worksheet
Management forecast
1st pass spreadsheets
Capacity constraints
2nd pass spreadsheet
Recommendations
For executive S&OP
Decisions
Wallace: 2nd edition Sales & Operations
Planning
9
10. Step 1 – Data gathering
Month end data
Actual sales
Inventory
Production
Sales and marketing
All pertinent information
10
11. Jan Feb Mar Apr May June Jul Aug
Forecast 100 100 100 120 120 120 120 130
Acutal sales 90 95 85
Difference -10 -5 -15
Cum. difference -15 -30
Jan Feb Mar Apr May June Jul Aug
Planned production 100 100 100 110 120 120 120 130
Actual production 98 100 101
Difference -2 0 1
Cum. difference -2 -1
Jan Feb Mar Apr May June Jul Aug
Planned inventory 100 100 100 142 142 142 142 142
Actual inventory 111* 116 132
Difference 11 16 32
*January Inventory=103
Comparing actual to forecast Product
Family A
Alternatively Time
or Capacity Buffer
Management
History Present FutureVol=Widgets
11
12. Total S&OP summarises family plans
1
𝐹
𝐹𝑎𝑚𝑖𝑙𝑖𝑒𝑠
S&OP
Family A
Volume
=> £
Family B
Volume
=> £
Family C
Volume
=> £
Family D
Volume
=> £
Family E
Volume
=> £
Family F
Volume
=> £
12
13. Step 2 – Demand planning
Sales and marketing review information received from Step 1
Sales forecast
By product
By family
Total
13
22. Step 4 – Pre-SOP meeting
Make decisions to balance supply/demand
Resolve differences where possible
Identify areas of disagreement
Develop scenarios
Set agenda for Executive S&OP meeting
22
23. Step 5 – Executive S&OP meeting
Make decisions
Authorize changes in S&OP plan
Relate Rup version
Resolve issues
Review performance, product issues, special projects, etc.
23
24. What are critical success factors for S&OP?
S&OP
Top
Management
Involvement
Ongoing
Routine S&OP
Meetings
Structured
meeting
agendas
Cross-
functional
participation
Participants
empowered to
take decisions
Internal
Collaborative
process
Measurement
of Process
Supported by
Integrated
Supply-
Demand
Planning
Technology
24