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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. At the end of the day, there are so many ways you can minimize your operational costs and make things easier for both you and your staff.

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What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

This compares to Brand drug pricing that has increased 36 percent in the last five years. Sun Life’s 2021 Stop Loss report notes that 9 of the top 10 injectable drugs were for cancer, and cancer remains as the number one high-cost claim condition as it has for 10 years.

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The Modern Revenue Manager: 7 Keys to Success

Revenue Hub

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.

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

Synergy Suite

The break-even point tells you how many dishes or meals you need to sell to cover both fixed and variable costs. Understanding this critical number can help you make informed decisions about pricing, menu offerings, and cost control, ultimately leading to the financial success of your restaurant.

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

7 Shifts

Psst, even outside of these extraordinary times, this information is also valuable for any restaurateurs that are looking to optimize their operations and get a handle on what they can and cannot control in order to reduce monthly expenses in their restaurant. Your prices – Last, but surely not least, are your prices.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Why Prime Costs Matter in the Restaurant Business The significance of prime costs lies in their comprehensive representation of direct expenses associated with both the production of culinary offerings and the workforce essential to their creation. Kitchen Supplies: Utensils, cookware, and small appliances used in food preparation.

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

Synergy Suite

Inventory management software provides features to manage vendor information, track vendor performance, and compare prices from different suppliers. This allows restaurants to make informed decisions about which vendors to work with and negotiate favorable terms. Budget Consider your budget when choosing your solution.