Recipe Details: Modeling

Recipe Modeling is a menu-engineering tool that allows a corporate user to cost out the recipes for potential menus and decide on appropriate pricing. The user can choose a specific market for which to cost each recipe, or can enter prices manually to experiment with costs. The cost that each market generates will update the fields in the "Cost Analysis" section.

Under the Products menu, select Recipe.
To edit a recipe record, click on the Recipe Name hyperlink.

All tabs are visible by default. To show/hide a tab, click on the Menu icon and select the Tabs option.

From the pop-up menu, check to show or uncheck to hide the desired tab(s).

Click on the Modeling tab.
Enter appropriate values in the following fields for use in calculating the recipe costs, pricing, and batch margin. {Note}: If any of the recipe components do not have contracts or bids in the selected market, the application will look for contracts or bids in the markets associated with the selected market’s supply locations. See "Assigning Market Supply Locations" for more information.

Ideal Cost % - The target percentage of the price charged which will go toward food cost.
Ideal Price Per Portion – The price the consumer will be charged for a single portion when sold.

The other fields in the Cost Analysis section will be filled in automatically once there are product costs associated with the recipe. See "Recipe Cost Calculations" for more information.

Select a Market from the drop-down.
The Unit Cost (per Inventory Unit) and Total Cost (per Recipe Unit) columns will be populated using the current contract or lowest bid from the selected market. If the item is a component recipe, these columns will display the cost calculated in that recipe's record. (All costs are displayed in the Market Base Currency.)
The Quantity and/or Unit Cost for any product can be changed manually, to see how different values will affect the overall recipe cost. A change in the quantity field on this tab will automatically update the quantity on the Components tab.
Click the Disk (Save) icon to save your changes.
To download and print these settings, click the Printer (Export) icon and select the desired options.
If necessary, click on any other tab as needed to configure settings on that tab. If not, skip to the next step.
When finished, click the X (Close) icon to return to the summary screen.