Synergy Suite

NOVEMBER 30, 2023

Managing labor costs requires optimizing staff schedules, ensuring efficient staffing levels during peak hours, and monitoring employee productivity. Utility Costs Within the realm of indirect costs, utility costs play a crucial role in shaping the financial landscape of a restaurant.

Portion Control 52

Portion Control Scheduling Pricing Training 52

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. Budget Consider your budget when choosing your solution.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Revenue Hub

OCTOBER 19, 2022

The transient nature of hospitality is an inherent issue that costs a typical hotel $5,864 per employee according to Cornell University. The continuous training and uniform expenses that come along with skyrocketing turnover rates make operational budgets a challenge to get under control.

Cost Reduction 82

Cost Reduction Scheduling Budgeting Article 82

Les Roches

JANUARY 11, 2024

Effective­ leadership and manageme­nt in the sales departme­nt are key as they provide guidance­, training and support to ensure the sale­s team has the right skills and resource­s needed for succe­ss. Training and development of a sales team Sales training can significantly increase ROI (return on investment).

Definition 52

Definition Pricing Training Marketing 52

Synergy Suite

DECEMBER 5, 2023

For instance, marketing costs can be grouped into variable costs, but only if you actually know how much of that marketing cost actually contributes to bringing a new customer in the door. It represents the portion of each sale that contributes to covering your fixed costs and ultimately, profit.

Pricing 52

Pricing Budgeting Information 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 82

Front Desk Operations Cost Reduction Book Training 82