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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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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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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.

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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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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

It allows you to gauge the effectiveness of your inventory control efforts and make informed decisions about purchasing, menu offerings, and operational efficiency. Understanding these methods and their implications can help you make informed choices that align with your restaurant’s needs.

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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

"Professionals work long hours and endure crazy schedules, so we conducted this study to learn more about their careers, the amount of work and time they put in daily, and tools they'd like to be provided with to make their jobs more seamless and less time-consuming. . Global food prices are rising worldwide.

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