Streamline Your F&B Budget with this Cost-Savings Checklist

Think it's possible to save thousands of dollars on your food and beverage budget? Think higher. In a session at Meeting Professionals International's recent Professional Education Conference in New Orleans, presenter Janet R. Pickover, CMP, told the story of a meeting planner who, over the course of several years, managed to save hundreds of thousands: $300,000, in fact.

Incredibly, all her savings came from water. The planner had simply bought bottled water in bulk, and by custom branding it, substituted it for the exceedingly expensive bottled water normally provided by her meeting venues.

This was just one of 50 tips that Pickover, a director with Site Inspections Plus in Princeton, N.J., provided to the MPI-PEC audience. Some others:

  • If you want to save money on a reception, consider food tables against a wall rather than in the center of a room. Less access to the table means less food consumption.

  • If your attendees can't tell the difference between standard and premium liquor brands, don't invest in the premium.

  • Put more expensive food closer to the front door, and the less expensive food in the back.

  • Know your group: Higher level executives have probably been to more receptions and tend to eat less, while lower level staff will be ready to chow down.

  • Check out your venue's inventory of tables, chairs, linens, and decorations. Using in-house stock is a lot cheaper than renting.

The biggest enemy of the food and beverage budget? Waste. Whether through faulty planning, poorly timed meals, or a variety of other missteps, food and drink can, and will, be left on a plate or table, or in the worst circumstances, never make it out of the kitchen.

What, for example, happens when a planner neglects to ask dinner attendees in advance if they want a vegetarian option? In one case, Pickover said, the kitchen had to scramble at the last minute to provide vegetarian meals, leaving the extra meat dishes uneaten and bringing service to a standstill.

What about a breakfast scheduled before a meeting that absolutely has to start on time? In one case, Pickover recalled, the planner and kitchen staff eschewed the safe bet — a simple continental breakfast — and went with a five-course, themed meal, culminating in a chocolate dessert! The multicourse meal took longer than anticipated, which left attendees stampeding into the meeting room from the breakfast area, leaving behind dozens of uneaten desserts.

RSS Share

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search 125,000+ Venues

Search Meeting Space

Find Event Venues with Cvent

The Meeting Planning Blog

Face2Face Latest Posts

Sign Up for Our Free E-Newsletters



Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative
Aega Awards

Latest Webinar

Beyond Marketing: What Else Social Media Can Do for Your Meetings
Thursday, May 24 | 2-3 p.m. EST

Most associations know that online social networks can be handy tools to spread the word about their meetings and events. But social media can do so much more than market. Our social media expert will uncover ways you can leverage social media to discover the educational content your members are craving, engage and energize your community, build relationships, and even simplify your meeting processes. Register Now!

VIEW ALL ARCHIVED WEBINARS

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters


Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

SMM PORTAL

Your source for Strategic Meetings Management info and intelligence

Facebook   Twitter   LinkedIn   RSS Feed

Inside Current Issue

May 2012 CMI

May 2012 FIM

April 2012

April 2012 RCM

April 2012

April 2012 AM

MM March 2012

March/April 2012 MM

Browse Back Issues