Synergy Suite

NOVEMBER 2, 2023

When you’re looking for a good labor cost percentage, lower is better. If for example your labor cost percentage is 50%, things probably aren’t going too well financially. Track labor costs as a percentage of revenue. Efficient staff scheduling and management can help optimize this metric.

Scheduling 52

Scheduling Training Information Cost Reduction 52

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

Portion Control 52

Portion Control Scheduling Pricing Training 52

The Restaurant Times

OCTOBER 29, 2020

In the restaurant business, labor costs account for the majority of expenses. The ratio of restaurant labor costs to the overall sales averages at 22-40%, whereas it can be as high as 75% in some cases. That is why restaurants and cafes must control their labor costs and maintain profit margins. Cross Train The Employees.

Training 40

Training Cost Reduction Scheduling Server 40

Les Roches

JANUARY 11, 2024

Effective­ leadership and manageme­nt in the sales departme­nt are key as they provide guidance­, training and support to ensure the sale­s team has the right skills and resource­s needed for succe­ss. Training and development of a sales team Sales training can significantly increase ROI (return on investment).

Definition 52

Definition Pricing Training Marketing 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. Focus on reducing both fixed and variable costs: Food Cost Control: Monitor your food inventory, reduce waste, negotiate with suppliers, and consider menu engineering to highlight high-margin items.

Pricing 52

Pricing Budgeting Information Marketing 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

Revenue Hub

MAY 18, 2023

Housekeeping Hotels that invest in tech to streamline housekeeping operations will benefit from automated tasks such as room assignments, cleaning schedules, and inventory management. All offer a major step to help hoteliers reduce labour costs, improve cleaning efficiency, and ensure that guest rooms are always ready on time.

Front Desk Operations 82

Front Desk Operations Cost Reduction Book Training 82