article thumbnail

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. While cost reductions are almost impossible in an environment of double-digit cost increases, it is vital to limit the rate of increase.

article thumbnail

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

Modern Restaurant Management

We’re going to park this one here until a little later in this article. When you’re short on time and resources, technology can help you automate on and off-premise processes, navigate increased costs, and make more informed business decisions. Are you doing anything with that data?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Revolutionizing Guest Experiences Through Virtual Hospitality

Modern Restaurant Management

Simultaneously, the industry is coping with cost pressures and demanding streamlined tech solutions that consolidate operations. This article explores how QSRs can harness the power of technology to enhance operations, deliver more engaging experiences, reduce costs and increase profitability.

article thumbnail

The Modern Revenue Manager: 7 Keys to Success

Revenue Hub

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 90
article thumbnail

Making Workforce and Cost Reduction Part of Revenue Management Mix

Revenue Hub

Read rest of the article at Hotel Executive. The post Making Workforce and Cost Reduction Part of Revenue Management Mix appeared first on Revenue Hub. Hoteliers are rethinking their entire labor planning process and finding a lot of success by adopting a flexible schedule strategy.

article thumbnail

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. Have certain costs been reduced? Set a reminder for yourself to review the same data in 30 days and see what has changed. Good luck!

article thumbnail

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. What is inventory Management Software?