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How to Leverage Data to Optimize Inventory for Profitability

Revenue Hub

NB: This is an article from Craftable Subscribe to our weekly newsletter and stay up to date Optimizing back-of-house processes like procurement and using data to manage current inventory and help predict future trends can help operators control purchase orders, reduce financial risks and anticipate and adjust to future needs based on past trends.

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

Modern Restaurant Management

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. We’re going to park this one here until a little later in this article. Are you doing anything with that data? Partner with Supply Chain Experts.

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Tips for Hoteliers to Balance Online and Direct Bookings

Revenue Hub

NB: This is an article from RateGain With the costs running high into labor, debt, franchise fees, utilities and real estate taxes, little can hoteliers do little to really ‘minimize’ the cost of operation. In the era of dynamic pricing, forecasting occupancy is not always yielding accurate results. the bottom line.

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An Ethos Worth Investing In

Modern Restaurant Management

In the hope that this article inspires others to build their business with their values integrated into their operations, I am sharing how I’ve been able to operate in alignment with my values and enjoy healthy profits. With more locations, financial risk is not only mitigated, but procurement of costlier items also goes down.

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

This article explores effective strategies for controlling food costs while maximizing restaurant revenue. It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. Building strong relationships with suppliers can lead to more favorable pricing and terms.

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6 Strategies To Control Rising Food Costs Of The UAE Restaurants

The Restaurant Times

However, even though you have no control over the prices of food, you can still adopt measures to control the food costs of your restaurant in the UAE. . This article will present you with some useful ideas so that you can keep your food costs in check. . Track And Manage Food Prices.

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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

In this article, we explore what gross profit margin is, how to calculate it, and how it is distinguished from other profitability metrics like net and operating margins. Analyze the gross profit margin to understand how efficiently you’re managing costs and pricing your menu items.