Foodservice Accounting, Financial Analysis And How To Measure Success

There are important ways to measure foodservice success in convenience stores, and there are numerous tools and technologies available that can make it easier. However, these tools — including scanning, cost accounting systems, and foodservice management and reporting systems — are only as good as the managers using them.

The tools yield data, but a knowledgeable manager will be able to look at the data and extract valuable information such as determining the source of the problems and potential ways to remedy them, according to industry experts.

Convenience Store News' How To Do World-Class Foodservice report is researched and written by Maureen Azzato, a freelance content developer and editor with more than 20 years of business publishing experience, with a primary focus on foodservice and retailing. Previously she was the founding publisher and editorial director of On-the-Go Foodservice, a publication for cross-channel retail foodservice executives, and publisher and editorial director of CSNews, where she worked for 17 years.