Modern Restaurant Management

MAY 10, 2022

It can take hours to manually figure out things like recipe costs, ingredient prices and inventory counts. With the right food cost management technology, you can automate and manage tasks such as recipe costing, accounting, and purchasing, all in real-time. Leverage Purchasing Data.

Cost Reduction 197

Cost Reduction Pricing Procurement Information 197

Synergy Suite

NOVEMBER 30, 2023

Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs. Seasonal Variations: Food and beverage costs may vary seasonally, impacting prime costs.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Synergy Suite

DECEMBER 5, 2023

Your fixed costs are covered, and your variable costs are accounted for with each dish or meal you serve. Using Restaurant Accounting Software Modern technology offers powerful tools to streamline your financial management and track your break-even point. It’s the gateway to financial success.

Pricing 52

Pricing Budgeting Information Marketing 52

Synergy Suite

NOVEMBER 2, 2023

You can determine labor cost percentage per day, week, month, or even year with a simple formula. Here’s another example with real numbers: If your restaurant paid employees $4,000 in a week and brought in $10,000 in revenue, a labor cost percentage calculation would be as follows: 4,000/10,000=.4

Scheduling 52

Scheduling Training Information Cost Reduction 52

Synergy Suite

DECEMBER 14, 2023

Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs. Lower inventory turnover ratio often results in higher holding costs as your capital is tied up in inventory that isn’t being sold quickly.

Menu Planning 52

Menu Planning Information Procurement Training 52

Modern Restaurant Management

DECEMBER 16, 2019

November and December purchases typically account for upwards of 50 percent of annual gift cards sales. While gift cards account for 6.3 The majority of customers report spending up to $5 on extra items presented during digital ordering. Brands will need to work hard with promotions to ensure they get the most out of the season.”

Events 128

Events Pricing Marketing Cost Reduction 128