Post by Food Market Hub

“Are we really making money from each dish we sell?” A lot of F&B businesses have this question. That is when we explain them the real concept of COGS. COGS or cost of goods sold is necessary for F&B businesses too and not just for retail businesses. COGS is the total cost of ingredients taken to prepare a portion of dish. When your COGS increase, your profit margin is reduced. Let us give you an example. Let's say that it takes $7 to prepare a portion of pasta, you sell it for $10, your profit is $3. But, when the ingredient prices rise, and now it takes $9 to prepare the same portion of pasta, you sell it for $10, now your profit is only $1. This is why you need to keep an eye on your COGS. If you're thinking, you will monitor it manually, then you're wrong. Keeping track of COGS digitally is important to not miss out on anything and avoid any kind of confusion. Food Market Hub makes it easier for you to keep and eye on your COGS through its detailed reports. You can find every detail about your inventory or ingredient cost at one place.