Volume forecasting is a method of predicting the volume of sales of an establishment for a specified period of time. It analyses the sales information and helps to minimize common problem of shortages or overproduction of items.
Objectives of volume forecasting
- To predetermine the total number of meals to be produced.
- To predict the choice of menu items by customers.
- To facilitate purchasing
- To ensure availability of all necessary ingredients
- To ensure that appropriate stock levels are held.
- To control food cost in relation to sales within the cost limit
- To enable the comparison of actual volume of business and the budgeted. It can be in
form of sales, number of covers and number of meals.
NatalieR answered the question on May 16, 2022 at 09:15
- Outline the main objectives of food and beverage control during preparation(Solved)
Outline the main objectives of food and beverage control during preparation
Date posted: May 16, 2022. Answers (1)
- Outline the main causes of differences between actual and book balances of stock(Solved)
Outline the main causes of differences between actual and book balances of stock
Date posted: May 16, 2022. Answers (1)
- What are the problems of low stock turnover?(Solved)
What are the problems of low stock turnover?
Date posted: May 16, 2022. Answers (1)
- £ 2900 of food purchased was consumed in a 28 days trading period.
The opening stock on day 1 was valued at £750; the closing stock...(Solved)
£ 2900 of food purchased was consumed in a 28 days trading period.
The opening stock on day 1 was valued at £750; the closing stock on day 28 was valued at £650.
Calculate the rate of stock turnover.
Date posted: May 16, 2022. Answers (1)
- List and explain types of stock levels(Solved)
List and explain types of stock levels
Date posted: May 16, 2022. Answers (1)
- Explain two levels of stocking and for each highlight its dangers(Solved)
Explain two levels of stocking and for each highlight its dangers
Date posted: May 16, 2022. Answers (1)
- Enumerate details found in requisition sheet(Solved)
Enumerate details found in requisition sheet
Date posted: May 16, 2022. Answers (1)
- Highlight the documents used in store keeping(Solved)
Highlight the documents used in store keeping
Date posted: May 16, 2022. Answers (1)
- Outline qualities of a good store.(Solved)
Outline qualities of a good store.
Date posted: May 16, 2022. Answers (1)
- Outline the purpose of a meat tag.(Solved)
Outline the purpose of a meat tag.
Date posted: May 16, 2022. Answers (1)
- What is the difference between a tag and tagging? (Solved)
What is the difference between a tag and tagging?
Date posted: May 16, 2022. Answers (1)
- Discuss the receiving procedure in food and beverage control(Solved)
Discuss the receiving procedure in food and beverage control
Date posted: May 16, 2022. Answers (1)
- What are the essentials of control system?(Solved)
What are the essentials of control system?
Date posted: May 16, 2022. Answers (1)
- Discuss the processes involved in control process of food and beverage control(Solved)
Discuss the processes involved in control process of food and beverage control
Date posted: May 16, 2022. Answers (1)
- Define the following terms:
i) Direct raw materials
ii) Indirect raw materials(Solved)
Define the following terms:
i) Direct raw materials
ii) Indirect raw materials
Date posted: May 16, 2022. Answers (1)
- Explain problem encountered in food and beverage control(Solved)
Explain problem encountered in food and beverage control
Date posted: May 12, 2022. Answers (1)
- Highlight the objectives of the standard purchase specifications(Solved)
Highlight the objectives of the standard purchase specifications
Date posted: May 12, 2022. Answers (1)
- New suppliers of items may become available as a result of an approach by the purchasing officer himself or from a suppliers representative. What are...(Solved)
New suppliers of items may become available as a result of an approach by the purchasing officer himself or from a suppliers representative. What are the basic information required from new suppliers that the supply manager should know before choosing him?
Date posted: May 12, 2022. Answers (1)
- Outline the stages involved in purchasing procedure.(Solved)
Outline the stages involved in purchasing procedure.
Date posted: May 12, 2022. Answers (1)
- Discuss the importance of Purchasing(Solved)
Discuss the importance of Purchasing
Date posted: May 12, 2022. Answers (1)