How club managers can minimize waste on food purchasing without sacrificing quality.
What if you could save money on food purchasing while increasing operational efficiency, all without sacrificing quality or adding to administrative burdens?
By joining Club Capital Group, you’re gaining a partner dedicated to saving you money and time for no added cost or commitment.
Across foodservice channels, Club Capital uses collective buying power to obtain significant discounts from vendors while helping to increase your company’s productivity in procurement processes.
We have developed some innovative contracting practices that offer participating organizations considerable savings and volume discounts.
How to Save on Food Costs
Amidst ongoing inflation and the continued rise of food costs, there are several ways businesses can lower food spend without sacrificing the quality of product served to their end customers, including:
Leveraging aggregate spend
Accessing the right food contracts
Product optimization
Effective inventory management
Comparing prices
Sourcing locally
"Clubs that are struggling with food-related spend can combat rising prices and ongoing inflation by implementing Club Capital to lower costs without sacrificing product quality"
Leverage Aggregate Spend
Foodservice operators can often secure lower prices from suppliers when leveraging the collective buying power of a group purchasing organization.
Club Capital negotiates favorable contract terms and prices on behalf of our member clubs.
Our member clubs benefit from lower prices and alleviated administrative burdens that would normally fall to the procurement team since contracts are already set in place.
Access the Right Food Contracts
Utilizing Club Capital also helps ensure your club is purchasing from suppliers who understand the food category and contracts that have the products you need.
Our team of food category experts has over 25 years of experience developing relationships with food distributors and addresses all areas of concern when negotiating contract terms with suppliers.
This means that each contract offered through Club Capital’s food cost reduction programs takes guesswork out of pricing models, trucking, and food distribution, and gives our members the peace of mind that their food programs are operating as efficiently as possible.
Product Optimization
Proper menu design and product selection can help businesses reduce food waste and minimize costs.
This might involve identifying high-margin items, reducing portion sizes, or finding new ways to incorporate ingredients into multiple dishes.
Effective Inventory Management
Regularly monitoring inventory levels, tracking spoilage and waste, and properly storing food to avoid waste in the first place can help businesses minimize food costs.
Inventory tracking entails knowing which supplies you use and when, what products go in and out of your kitchen, what’s leftover at the end of any given day.
While there is no shame in taking inventory the manual way, technology has made it easier than ever to simplify the process and reduce errors (and costs!) thanks to platforms like Hospitality Innovations, inventory management has never been easier.
Their intuitive platform helps clubs better track what comes through the door and what goes out, optimizing your ordering and adds a layer of accountability, all in one app.
Compare Pricing
Regularly comparing prices from different suppliers can help businesses identify opportunities to save on food costs.
This might include shopping for ingredients at local farmers markets, seeking out sale items, or taking advantage of volume discounts.
As part of the discovery process upon joining Club Capital, a market basket can be done to compare your current spend to Club Capital’s contracted pricing.
We have the ability to cross reference multiple national distributors and pre-negotiated contracts to find the best solutions for your organization.
This helps visualize the savings that are possible via the group purchasing model and allows you to make informed decisions regarding food costs and product selection.
Typically, a food market basket will compare 25 – 50 line items depending on a member’s typical food order.
Under special circumstances, a market basket may be able to contain 100+ line items. For more details, check out this sample cost analysis.
Source Locally
Sourcing food from local suppliers can help businesses reduce transportation costs, alleviate supply chain delays, promotes sustainability, provides the opportunity to develop meaningful relationships with local suppliers all while supporting the local economy.
Additionally, locally sourced ingredients are often fresher and of higher quality.
Together, We Can Save More!
If you're feeling pressure from your Board to lower food costs or even in other areas, Club Capital's comprehensive approach to uncovering savings can put money back on the table for your club, all at no charge.
Don't just take our word for it, clubs around the country such as Merion Cricket Club have referred to our foodservice program as "a game changer" and we know that we can change the game for your club as well!
Looking to reduce spend and save money on food costs? Contact us to learn more about Club Capital's food cost reduction model and how we can help you save money, time, and effort.
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