Accounting Budgeting Marketing Portion Control 
Synergy Suite
NOVEMBER 30, 2023
Understanding and managing prime costs is vital for several reasons: Profitability: Prime costs, comprising both the cost of goods sold (COGS) and labor expenses, typically account for the largest portion of a restaurant’s expenses. Controlling them effectively can significantly impact your bottom line.
MBB Hospitality
NOVEMBER 15, 2023
Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Advanced food costing solutions offer predictive analytics, helping restaurants forecast future spending and adjust budgets accordingly. Another aspect of strategic purchasing is the consolidation of suppliers.
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Synergy Suite
APRIL 18, 2024
It also takes into account any food wastage, spoilage, or pilferage that may occur during storage or preparation. The last two are less ideal since more people are ordering takeout or delivery than ever before, but if it helps put money back in your budget, why not give it a try? Examine your menu. Offer delivery or takeout options.
Modern Restaurant Management
DECEMBER 21, 2022
Rising Consumer Expectations : Recession fears will cause many consumers to be more discerning with their food and beverage budget, and bar and restaurant owners will continue to battle over wallet share. More international brands will continue to enter the US market through delivery-only models. – Alex Canter, CEO of Nextbite.
Modern Restaurant Management
SEPTEMBER 15, 2020
Market Cafe Powered by FOODWORKS is both a cost-effective, contact-free dining option, while simultaneously helping local restaurants and food artisans who were affected by COVID-19 get back on their feet and provide them with a way to restart their services. ” says John Cocker, FOODWORKS’s president.
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