Product Costing for Food and Drink Producers

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Description

Do you utilise a procedure or approach to price your goods, or do you just hope for the best? Join us for further information on how to price out your items more methodically.

Calculating the cost of your products is an important but often difficult process. Our New Product Development and Innovation Manager, Zoe Plant, will walk companies through this beginner's approach to budgeting out recipes, ensuring that you cover your expenditures, pay your bills, yourself and staff, and calculate different profit margins.

Throughout the event, Zoe will guide businesses through a costing worksheet, outlining the various components and fielding specific inquiries regarding the particular production procedures used by your company.

It may aid your understanding further if you were to bring along examples of your recipes and costs, so you can work them into the spreadsheet as you go along.

Overview

Who Should Attend
Any producers of food and beverages who want to learn how to calculate and assign a price to their products.

What Will Be Covered
• Basic Costing Concepts
• Introduction to a Costing Template
• How to Use Formulas

Outcome

Outcomes
A deeper understanding of how to properly begin budgeting out your food and drink products.

Your trainer - Zoe Plant
New Product Development & Innovation Manager. Prior to gaining her Bachelors in Food and Nutrition, Zoe trained as a high end chef, working with celebrities including Gordon Ramsey and Angela Harnett. She has cooked for prestigious guests including Queen Elizabeth II, King Charles III and Nelson Mandela. Later she had great success developing products for national retailers including M&S and Sainsbury’s.

Additional Information

This event is being delivered as part of the Accelerator project and is funded by the UK Government through the UK Shared Prosperity Fund (UKSPF).

To be eligible to attend this event you must be a food and drink business based in one of the following districts: Amber Valley; Ashfield; Bassetlaw; Broxtowe; Chesterfield; Derby; Derbyshire Dales; Erewash; Gedling; High Peak; Leicester City; Mansfield; Newark & Sherwood; North East Derbyshire; Nottingham; Rushcliffe; or South Derbyshire.

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