University Dining Contracts: Managing Vendor Investments
Many colleges and universities contract their dining operations to one of several national vendors, including Sodexo, Chartwells and Aramark. Dining operations are complex by nature and auxiliary and business managers must be able to track varying types of data associated with each contract. Key factors such as sales by location, meal plans statistics and expenses must be carefully tracked. Other important financial measures include commissions, scholarships, catering funds, and cash versus card transactions. Because universities are seeking to maximize revenue, measuring and monitoring all types of dining revenue is a key component of managing a successful dining operation.
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