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What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. This compares to Brand drug pricing that has increased 36 percent in the last five years. Of even greater concern, specialty drug spending is increasing 10 to 15 percent annually.

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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

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. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales. Good luck!

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Inventory Management Software: Definition, Benefits, and What to Look For

Synergy Suite

In this article we’ll cover the ins and outs of inventory management software : what it is, what the benefits are, and how to choose the right one for your restaurant business. Inventory management software provides features to manage vendor information, track vendor performance, and compare prices from different suppliers.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Inflation, labour issues, and rising cost to meet the needs of an increasingly tech-savvy and sophisticated guest journey. With an ever-increasing amount of cost-associated challenges in our industry, this topic couldn’t have been addressed at a better time. Want to know how to turn cost issues into a competitive advantage?