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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

During the COVID-19 situation, evaluate how many BOH staff you need to keep up with delivery and takeout demand. Pro tip: Look at implementing an inventory tracking system like Xtra Chef —it might be a new cost, but it will pay for itself in better food costing. Your prices – Last, but surely not least, are your prices.

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Essential Restaurant Reports: Key Insights for Successful Operations

Apicbase

A restaurant’s raw data includes sales numbers, inventory data, ingredient pricing, recipe quantities and units, and financial figures. For example, a regular report on your inventory variance tells you the difference between your actual and expected inventory.

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Article Publish And Update Dates

Sling

Regular Wages: The Complete Guide December 2022 24 Constructive Feedback Examples for Employee Reviews November 2022 12 Examples of Small Business Goals, Plus How to Achieve Your Own November 2022 How To Write a Great Welcome Email to New Employees November 2022 14 Types of Retail Pricing Strategies, Plus Helpful Tips November 2022 5 Diversity and (..)

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Maximise Your Restaurant’s Efficiency with POS Integration: 7 Benefits of Combining Point of Sales with F&B Management Software

Apicbase

Some technologies integrate with the restaurant’s POS, allowing data to be easily shared between front-of-house (FoH) and back-of-house (BoH) systems. This end-to-end solution uses data from your POS to provide insights into sales, food costs, menu engineering and inventory management. Reduce manual errors and get real-time data.

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AP Automation for Restaurants is No Longer a Nice-to-Have. Here’s Why

Xtra Chef

Though we can’t get rid of all your bills, we can definitely decrease your stress level and, ultimately, your operating costs. Blindly paying foodservice vendor bills without visibility into unit prices and storing paper in a Banker’s Box in the basement is inoperable and inefficient. The old-fashioned way is no longer workable.

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Restaurant Accounting Concepts Every Manager Should Know About

Lavu

See the six ways to control your COGS here , and if you find out that the menu prices aren’t right, learn how to price your menu in three steps. The costs should be built into your menu prices so that at the end of the year, you are not in the red for forgetting the insurance fees or the cost of replacing glassware.

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How to Survive Your Business Operations in The Competitive UAE Restaurant Industry

The Restaurant Times

Inventory-related and on-counter thefts take many forms and bleed the restaurant dry, therefore becoming one of the top reasons why restaurants fail. Use a robust POS system that comes with integrated inventory management and anti-theft features that keep a complete check on all business transactions and inventory transactions.