article thumbnail

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Managing labor costs requires optimizing staff schedules, ensuring efficient staffing levels during peak hours, and monitoring employee productivity. Understanding and managing indirect costs is crucial for restaurateurs as they play a pivotal role in determining the overall financial health and profitability of the establishment.

article thumbnail

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

7 Shifts

Looking at each of them individually, here are simple ways to reduce your expenses for each cost category: Labor Your team is the backbone of your restaurant and your greatest asset, but is also typically your greatest cost. Have certain costs been reduced? Is there still more work to be done? Did you learn anything surprising?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding automation in the hospitality industry

Les Roches

This includes reducing errors, boosting efficiency, and carrying out our seamless maintenance tracking, housekeeping scheduling, and payroll management. Conclusion Automation is transforming the hospitality industry, bringing numerous benefits such as cost reduction, improved efficiency, and digitization of customer experiences.

article thumbnail

10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Housekeeping Hotels that invest in tech to streamline housekeeping operations will benefit from automated tasks such as room assignments, cleaning schedules, and inventory management. All offer a major step to help hoteliers reduce labour costs, improve cleaning efficiency, and ensure that guest rooms are always ready on time.