The system, device, process and method of measuring food, food consumption and waste with image recognition and sensor technology is presented to empower cafeterias, processors, quick service restaurants, and other institutions and locations to reduce food waste. Using kitchen and consumer data, the system allows food providers to characterize key food properties, optimize portion sizing, ingredient combinations, and meal preparation, to maximize profits and minimize excess. The current system, process and method optimize the food chain uses analytics and prediction insights. Gathering data through the use of a sensor package (typically including a camera system), and/or smartphone application, a digital platform is then used to give insights to institutions over time. This feedback includes food supplier changes, quality reports, preparation changes, portion sizing, ingredient usage, and customer feedback.