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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Effectively managing food costs is essential for maintaining profitability and sustaining a competitive edge and involves monitoring ingredient prices, negotiating with suppliers, minimizing waste through proper inventory control, and implementing portion control practices.

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Advanced food costing solutions offer predictive analytics, helping restaurants forecast future spending and adjust budgets accordingly.

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Ditch Your Hyper-Specific Menu Plan. You Won’t Regret It.

EATER

The obsessive routine helped with everyone’s anxiety: When the news seemed to change hourly in March and April, knowing exactly what was for dinner each night was a small point of control. Got the budget for it? However, most children seem to hate these tricks. Buyer beware. Pick a night for experiments. Preorder some new cookbooks.

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How to Calculate Food Costs in Your Restaurant

Synergy Suite

The last two are less ideal since more people are ordering takeout or delivery than ever before, but if it helps put money back in your budget, why not give it a try? Do you have imperfect portion sizes or is your cost per portion where it needs to be? You will improve portion control and avoid over-purchasing ingredients.

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7 Tips to Control Restaurant Spending in 2022

Restaurant Engine

4: Take a Look at Portion Control. Does your kitchen staff serve portions that are too big? If you are over-portioning your plates, your food costs are going to explode. Make sure you know how much of your extra-large portions is being thrown away. Another of the biggest draws on your budget is staff costs.

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Restaurant Operations Overview: What You Need to Know

7 Shifts

Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. How is the restaurant's budget broken down between key expenses like food costs, labor, and fixed costs? Ultimately, every decision made in a restaurant boils down to finances.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part One

Modern Restaurant Management

Rising Consumer Expectations : Recession fears will cause many consumers to be more discerning with their food and beverage budget, and bar and restaurant owners will continue to battle over wallet share. An increased emphasis will be placed on journey mapping the entire guest experience and ensuring that value is added at every touchpoint.

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