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Improving Restaurant Inventory Management to Beat Rising Food Prices

Restaurant365

Restaurant inventory management plays a key role in overcoming rising food prices. Logistics challenges and labor shortages have fueled rising food prices at the wholesale level. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of wholesale prices, up 9.6% from a year ago.

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Coffee News Recap, 8 Apr: Coffee prices fall after increasing in 17 consecutive months, ICO drafts new International Coffee Agreement & other stories

Perfect Daily Grind

Fairtrade International announces new Living Income Reference Price for Indonesian coffee producers. The Living Income Reference Price is offered as guidance for companies wanting to pay living wage incomes in their supply chains. Fairtrade launched its first Living Income Reference Price in 2021 for Colombian farmers.

Pricing 119
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The Complete Guide to Increase Your Restaurant Profit Margins

Lavu

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

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Restaurant Forecasting: How To, Formulas, Methods, and More

7 Shifts

Inaccurate sales forecasting can result in wasted funds on labor, inventory, and even operating expenses for the restaurant. Wasted inventory is one of the most needless - yet avoidable - expenses that a restaurant can make. Reference sales data from the same time in the past few years. Inventory Management.

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How to Manage Multiple Restaurants and Locations

7 Shifts

You won't be able to refer to your previous restaurant opening playbook and follow it to the letter. The benefits of this decision include relying on a proven business model, which will ease the opening and operating process, as you'll be able to refer to what worked (and what is working) at your original location. POS System.

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IT WAS THE BEST OF TIMES IT WAS THE WORST OF TIMES

Culinary Cues

STRUCTURE Many of us secretly enjoy the structure of a kitchen, the chain of command, the organization that is so critical (mise en place) and the reference to time tested cooking methods. This needs to change through a different approach to menu planning and pricing and tighter controls on waste and portioning.

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Restaurant Menu Pricing: 7 Tips To Maximize Profitability

Sling

Calculating restaurant menu pricing doesn’t have to be difficult. That’s why it’s vital to base your restaurant menu pricing on cold, hard data from your establishment — not from someone else’s or from some national report. 7 Tips For Profitable Restaurant Menu Pricing. They may not have a pricing strategy to help them operate.

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