Should you centralize your food spending? It’s a good question, and one you should consider for your organization. Here is a list of the benefits of centralization, and some things to consider when creating a plan to see if this will create efficiencies for your business.
Food spending remains one of the most difficult expenses to manage. Your spend is likely spread across multiple employees and teams. And it becomes especially challenging if your company has multiple locations. In order to keep things organized, try centralizing the process to one individual. This person (or person per location) handles all food orders and spending. This can potentially give you regional flexibility with the opportunity to better control and reduce your expenses.
Increased compliance is another benefit of a centralized food spend. As BusinessFinancemag.com notes, having a centralized management of food spend helps with consistency. If only one person has to understand compliance measures, versus several people across teams, it becomes a lot easier to enforce your policies. Plus monitoring and matching reported expenses to actual expenses becomes a lot easier, since everything should be in one place.
When you decide to make the shift to centralized food spending, there are some things to consider. You may need to hire someone new to handle this position. Or, you may need to add this task, along with the related oversight, to an existing team member’s job description. Here are a few things to consider to make the transition easy and effective:
Is centralizing your food spending right for your organization? The benefits are there, but it’s worth considering how it could maximize efficiency and savings for you. To see how ezCater can help, click here.
Posted in: Managing Food Spend
Tagged with: Food Spending