Estimate costs of required supplies

Try to value the amounts and costs of required supplies such as of food items and ingredients.

estimate required supply costs
prepare cost estimates
provide costs and proposed sale prices
estimate required supplies’ costs

skill/competence

cross-sector

Estimate costs of required supplies is an essential skill of the following occupations:

Head chef: Head chefs manage the kitchen to oversee the preparation, cooking and service of food.
Purchasing manager: Purchasing managers are in charge of buying goods, equipment and services for their company, and try to ensure the most competitive prices. They are also responsible for negotiating contracts, reviewing the quality of products and analyzing suppliers , and the use and resale of goods and services.
Resource manager: Resource managers manage resources for all potential and assigned projects. They liaise with the different departments to see that all various resources are met, in a timely manner, and communicate any resourcing issues that may impact scheduled deadlines.
Supply chain manager: Supply chain managers plan, manage and coordinate all activities related to the sourcing and procurement of supplies needed to run manufacturing operations from the acquisition of raw materials to the distribution of finished products. The supplies can be raw materials or finished products, and it can be for internal or external use. Moreover, they plan and commission all the activities needed to be performed in manufacturing plants and adjust operations to changing levels of demand for a company’s products.
Forecast manager: Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.
Head pastry chef: Head pastry chefs manage pastry staff and ensure the preparation, cooking and presentation of desserts, sweet products and pastry products. 

Estimate costs of required supplies is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

References

1. Estimate costs of required supplies – ESCO