bake - February 2013 - 36
Of the vendors who do offer alerts, they’re accu-
says. “Make sure that the quality and pack size are
rate, Stanton says. “They’ll say, ‘We’re looking at
the same. Sometimes the prices might be lower, but
price stability on this front for this amount of time,’
you’re getting less or the quality is not to par.”
or they’ll say, ‘Things are volatile, so if you can buy
an extra amount of this, now is the time to do it,’”
“It’s basically leverage,” Stanton says. “They know that
Stanton says.
I can go to any one of numerous other vendors in the
Chicago area.” Competition among suppliers works to
Buying in bulk represents a classic strategy in
receiving discounted prices from suppliers.
the favor of the retailer. “Just in terms of being able
to say, ‘We’re buying from this company, and
we’re buying a lot,’ they’ll give us a better
“We get a 20% discount when we buy in
price. That counts for something,”
bulk,” O’Donnell says.
Stanton says.
“We’re not so tremendously large
that we’re buying a freight car full of
Protect profitability
sugar or flour,” Stanton says, “but we
Sometimes the economy dictates a
are large enough that we’re gener-
price increase, product elimination,
ating discounts from our vendors.”
etc., no matter how well you manage
your costs. Knowing where you’re at
and where you need to be makes these
Buying in bulk, especially when a vendor
alerts you to pricing going up in the future,
offers a clear advantage to not only saving money,
situations as easy and efficient as possible.
“We review our recipe costs every quarter to deter-
but also giving you a surplus of ingredient. But
mine if our food cost percentage has gone up and
proceed with caution and make sure it makes sense.
if we need to raise our prices on certain products,”
“You have to be judicious in where you spend your
O’Donnell says. If you cannot compete on pricing,
money,” Stanton says. “Most small businesses don’t
then cutting an entire product from your offerings
have a bottomless storage facility or the money to
might be the best solution, but be careful.
buy that stuff.”
“Eliminating products is always an option,” Stanton
Tying up too much money in inventory can set you
says. “You’ve got to be careful where you cut. You’ve
back when it comes to the day-to-day operational
got to make sure it’s the right thing to do. Even if it’s
problems that you face. Getting a good price with
only temporary, you don’t want to alienate customers
knowledge of a future increase lends itself to the urge
who are looking at that.”
of stocking up, and that makes sense, Stanton says.
On the other hand, you need to keep an eye on things
O’Donnell uses Cheftec computer software to
so you won’t run out of capital should something
help with managing ingredient costs at Ooh La La.
come up that necessitates cash on hand.
“Cheftec helps with our costing formulas and keeps
us up to date with our latest invoice,” she says. “All we
Shop openly
have to do is enter our recipes and invoices manually.
Check the pricing of ingredients from multiple
One of our suppliers automatically interfaces with the
suppliers to make sure you get the best pricing
Cheftec software, which saves us a step.”
available. “We always compare prices from three
different suppliers before choosing which supplier
Look at your invoices daily, make a spreadsheet with
to buy from,” O’Donnell says. “Sometimes when you
the pricing for the commodities you use most and pay
let a supplier know you can get a better price from
close attention to it. “If things are spiking when they’re
another company, they will consider lowering their
not supposed to, it sets off alarms for you,” Stanton
price.” When comparing prices you need to make
says. “You need to take a look at the stuff and see how
sure you’re comparing equally. “You have to be
you’re doing things, what you’re doing and where you
cautious when doing price comparisons,” O’Donnell
need to be.”
36 < FEB 2013 | bakemag.com
http://www.bakemag.com
bake - February 2013
Table of Contents for the Digital Edition of bake - February 2013
bake - February 2013
Editor's Note - Two Trends for 2013
Table of Contents
News Bites - Cup4Cup Features Gluten-Free Flour
3 Girls Cupcakes at Sports Arena
Next RBA Roadshow to Arrive in Seattle
Bruegger’s Bagels Plots Expansion
King’s Hawaiian Goes Virtual
Management - Develop a Hiring Process
Tax Tips - Best Auto Deduction
Labor Front - Wage Compliance Crackdown
Legislation - New Food Safety Rules
Ingredients - Wheat: Supplies Up, Quality Down
The Ingredient to Success
Ingredient Costs
The Drought Effect
Open Dialogue
A Dynamic New Model
Watch out for low-price guarantees
The Whole-Grain Train
Countdown to Easter
Trending Tortes
Cookies for All Occasions
Cafe - Rise of the Za
Exotic pizza combos
Products
Showcase
Classifieds
Ad Index
bake - February 2013 - bake - February 2013
bake - February 2013 - 2
bake - February 2013 - Editor's Note - Two Trends for 2013
bake - February 2013 - 4
bake - February 2013 - Table of Contents
bake - February 2013 - 6
bake - February 2013 - 7
bake - February 2013 - Next RBA Roadshow to Arrive in Seattle
bake - February 2013 - 9
bake - February 2013 - King’s Hawaiian Goes Virtual
bake - February 2013 - Management - Develop a Hiring Process
bake - February 2013 - 12
bake - February 2013 - 13
bake - February 2013 - Tax Tips - Best Auto Deduction
bake - February 2013 - 15
bake - February 2013 - Labor Front - Wage Compliance Crackdown
bake - February 2013 - Legislation - New Food Safety Rules
bake - February 2013 - 18
bake - February 2013 - 19
bake - February 2013 - Ingredients - Wheat: Supplies Up, Quality Down
bake - February 2013 - 21
bake - February 2013 - The Ingredient to Success
bake - February 2013 - 23
bake - February 2013 - 24
bake - February 2013 - Ingredient Costs
bake - February 2013 - 26
bake - February 2013 - 27
bake - February 2013 - 28
bake - February 2013 - 29
bake - February 2013 - The Drought Effect
bake - February 2013 - 31
bake - February 2013 - 32
bake - February 2013 - 33
bake - February 2013 - Open Dialogue
bake - February 2013 - 35
bake - February 2013 - 36
bake - February 2013 - 37
bake - February 2013 - A Dynamic New Model
bake - February 2013 - 39
bake - February 2013 - 40
bake - February 2013 - Watch out for low-price guarantees
bake - February 2013 - The Whole-Grain Train
bake - February 2013 - 43
bake - February 2013 - Countdown to Easter
bake - February 2013 - 45
bake - February 2013 - Trending Tortes
bake - February 2013 - 47
bake - February 2013 - Cookies for All Occasions
bake - February 2013 - 49
bake - February 2013 - 50
bake - February 2013 - 51
bake - February 2013 - Cafe - Rise of the Za
bake - February 2013 - Exotic pizza combos
bake - February 2013 - Products
bake - February 2013 - 55
bake - February 2013 - Showcase
bake - February 2013 - Classifieds
bake - February 2013 - Ad Index
bake - February 2013 - 59
bake - February 2013 - 60
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