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What Can I Do to Reduce My Restaurant Supply and Labor Costs?

Modern Restaurant Management

Here are three ways you can reduce your restaurant supply and labor costs: Use Technology to Streamline Operations. Whether you’re taking inventory, ordering supplies, or managing the supply chain – it all costs time and labor. Partner with Supply Chain Experts. “Data!

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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

This ratio serves as a key performance indicator, guiding restaurants in optimizing their supply chain and maintaining a healthy financial equilibrium. Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

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. Be prepared to adjust your calculations to account for seasonal fluctuations.