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How F&B Companies Can Mitigate Some of the Industry’s Biggest Risks

Modern Restaurant Management

With more potential challenges than ever to account for, leaders in the food and beverage space must approach challenges proactively to avoid adverse impacts to operations, reputation, and profitability. Below are effective ways that some of the most common industry risks can be mitigated.

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Utilizing Waste and Food Cost Control Data in Restaurants

Synergy Suite

At its core, waste and food cost control is a strategic approach to managing expenses associated with the procurement, preparation, and disposal of food in a restaurant. A closer look at supplier relationships within allows for strategic decisions regarding procurement, ensuring the sourcing of quality ingredients at optimal prices.

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

Implementing Food Costing Solutions With the right food costing solutions, restaurants can turn a meticulous eye to their inventory and procurement processes. When engineering your menu, consider the contribution margin of each item—that is, the actual dollar amount each dish contributes to overhead after accounting for food costs.

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All-in-One Restaurant Management System: How the Pieces Fit

Synergy Suite

The integration between inventory management and purchasing allows for seamless procurement of ingredients and supplies, automating the purchasing process based on inventory levels and pre-set reorder points. Accounting and Financial Management Vendor and purchasing data are essential for accurate accounting and financial management.

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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Gross profit margin is a fundamental financial metric that reveals the percentage of revenue left after accounting for the cost of goods sold (COGS). These metrics go beyond merely counting revenue and expenses; they reveal the core profitability of the business, while accounting for various financial components.

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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.

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6 Critical Restaurant Manager Responsibilities For Efficient Operations

The Restaurant Times

The role requires them to be a ‘jack of all trades’ and oversee functions that are as diverse as stock management and employee training. . Furthermore, a manager should also handle any supply chain issues and the procurement of raw materials. He is responsible for optimizing the menu taking into account the ingredients used per dish.