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Academic Journal of Business & Management, 2022, 4(11); doi: 10.25236/AJBM.2022.041116.

Analysis on the Control Strategy of Purchase Cost in Coffee Industry

Author(s)

Gao Shucong

Corresponding Author:
Gao Shucong
Affiliation(s)

School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan, China

Abstract

After the reform and opening up, with the continuous economic development, people gradually focus on the consumption of development and enjoyment materials from solving basic food and clothing, and coffee culture has emerged at the historic moment. Nowadays, coffee shops of all sizes can be seen everywhere in China. In the past, there was Starbucks, a global coffee brand, and Ruixing, which quickly grabbed market share, as well as various independent coffee shops. They are blooming everywhere in China and are deeply loved by consumers. In the face of such a hot coffee sales market, how to make oneself profit in the competition, and even to operate for a long time and remain invincible, is a topic that every coffee shop manager needs to think about. If the coffee industry wants to survive and develop, it must try to adopt new procurement methods and management methods to reduce production costs and management costs. How to control procurement costs and improve economic efficiency is the key to the survival and development of the company. This article mainly focuses on procurement costs. Specific discussion and analysis of the current situation and problems of the coffee industry, and proposed corresponding solutions and countermeasures for the problems.

Keywords

Coffee industry, Purchase cost, Cost control

Cite This Paper

Gao Shucong. Analysis on the Control Strategy of Purchase Cost in Coffee Industry. Academic Journal of Business & Management (2022) Vol. 4, Issue 11: 110-118. https://doi.org/10.25236/AJBM.2022.041116.

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