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

Synergy Suite

Cost Reduction and Waste Prevention By having better visibility into inventory levels and usage patterns, restaurants can identify opportunities to reduce waste and control costs. Learn how SynergySuite can save you time and money on your inventory management by scheduling a demo today.

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

7 Shifts

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales.

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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

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.

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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

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. Labor Efficiency: Schedule staff efficiently, cross-train employees, and implement technology to streamline operations.

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Top 10 Restaurant POS Features Essential for Propelling Business Success

Lithos POS

A POS system is crucial for the success of businesses like restaurants and retail stores. It can greatly impact growth and cost savings. But first, let’s define what a point-of-sale system is. The point of sale, or POS, is an intricate software and hardware combination used to process transactions.