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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
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