Modern Restaurant Management

MAY 10, 2022

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. At the end of the day, there are so many ways you can minimize your operational costs and make things easier for both you and your staff. Leverage Purchasing Data.

Cost Reduction 197

Cost Reduction Pricing Procurement Information 197

Revenue Hub

OCTOBER 23, 2023

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.

Pricing 86

Pricing Book Cost Reduction Strategic Planning 86

Les Roches

JANUARY 11, 2024

Involving the sale­s team in that goal-setting also helps foster a se­nse of ownership and accountability and can help boost motivation too. Pricing strategies Inverse Couple Images/ Moment via Getty Images Did you know that, on average, large retailers change prices every three minutes ?

Definition 52

Definition Pricing Training Marketing 52

Synergy Suite

DECEMBER 5, 2023

Understanding this critical number can help you make informed decisions about pricing, menu offerings, and cost control, ultimately leading to the financial success of your restaurant. It acts as a financial safety net, helping you make informed decisions about cost-cutting or marketing strategies to weather downturns.

Pricing 52

Pricing Budgeting Information Marketing 52

Synergy Suite

NOVEMBER 30, 2023

Why Prime Costs Matter in the Restaurant Business The significance of prime costs lies in their comprehensive representation of direct expenses associated with both the production of culinary offerings and the workforce essential to their creation. Controlling them effectively can significantly impact your bottom line.

Portion Control 52

Portion Control Scheduling Pricing Training 52

7 Shifts

APRIL 3, 2020

Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. If you change or restrict your staffing needs, then you will be able to reduce costs by nature of your service concept. Good luck!

POS Systems 147

POS Systems Cost Reduction Pricing Download 147

Synergy Suite

DECEMBER 14, 2023

Strategic procurement practices, such as negotiating favorable terms, bulk purchasing , and securing competitive prices, can positively impact inventory turnover ratio by minimizing the overall cost of goods sold (COGS). Continuously assess your suppliers based on factors such as reliability, quality, and pricing.

Menu Planning 52

Menu Planning Information Procurement Training 52