Also called Spoilage, Shrinkage
Food waste is stock that was paid for but produced no revenue — spoiled, over-produced, mis-prepared, returned or broken. It never appears on an invoice, which is why it goes unmeasured.
Logging by reason code is what makes it actionable. Over-production points at prep quantities, spoilage points at ordering or rotation, and prep error points at training — three different problems with three different fixes.
Waste is also the usual explanation for a gap between the cost of goods your sales imply and the cost your stock count shows.
Related terms
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