Modern Restaurant Management

FEBRUARY 5, 2024

One in four consumers use gift cards to better manage money – Inflation continues to impact consumer spending, and many consumers are turning to the incentives associated with gift cards to help keep them on budget. A five-percent loyalty-increase is equal to a 12-21 percent across-the-board cost reduction program.

Marketing 196

Marketing Budgeting Cost Reduction Pricing 196

Synergy Suite

MAY 16, 2023

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. Some software solutions cater specifically to quick-service restaurants, while others focus on full-service establishments or specialty cuisines.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Les Roches

JANUARY 11, 2024

It’s also worth conside­ring implementing differe­nt package options or pricing tiers that cater to custome­rs’ preference­s. By offering a range of choices to customers, they can select the package­ that best aligns with their nee­ds and budget.

Definition 52

Definition Pricing Training Marketing 52

Revenue Hub

MAY 18, 2023

Competitive advantage: Cost control can also provide hotels with a competitive advantage. By reducing costs, hotels can offer better rates to guests, enabling them to better position themselves to budget-conscious travellers. This can help hotels attract more guests and compete more effectively with other hotels in the area.

Front Desk Operations 81

Front Desk Operations Cost Reduction Book Training 81