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Our Example INFORMATION CENTRE entries are designed to show you the functionality of our INFORMATION CENTRE.

INFORMATION CENTRE
A - Z of all your business relevant information, anything you want your teams to have access to, such as COSHH sheets for your chemicals, fire safety manual, company/staff handbook, new starter training forms, hygiene Certificates etc.

CENTRALISE
Because your site is cloud based your entire team can be issued a user name and password in order to give them the information and support to do there jobs effectively and they can access it from anywhere providing they have a smart device/ phone or computer.


Turnover

A financial term used to describe the financial value of sales during a specific time period e.g. a year or month.


A financial term used to describe the financial value of sales during a specific time period e.g. a year or month.

Turnover is important to a business, as this brings money back into a business.

It is a terminology defining the values of sales, which can be compared for specified months, year on year, to see in which months higher levels of turnover should be achieved in future years, based on previous performance, when planning cash-flow and budgets, or where calendar events can be taken advantage of to increase sales (turnover) in previous poorer months by developing marketing or sales campaigns.

However, turnover is not profit.

Turnover (sales) is required to generate profit, but products must be sold at the correct minimum price to make profit, and cover cost of sales and operational delivery.

Businesses in the catering or hospitality trade, or who provide catering as part of your overall operation can use MyEChef’s custom cost & profit calculator (included in every recipe specification) to calculate their preferred gross profit margins.

Remember the old business adage – “Turnover is vanity, profit is sanity”.

Basically there’s no point to turnover unless you are making profits. Many businesses focus on turnover without ensuring sufficient profit margin is built in and our custom cost & profit calculator is there to help make sure your are charging the right price for a dish or working within a budget when cost control is your focus.

 

 


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