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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

Strategic procurement practices, such as negotiating favorable terms, bulk purchasing , and securing competitive prices, can positively impact inventory turnover ratio by minimizing the overall cost of goods sold (COGS). Conduct regular training sessions to ensure that your team is well-versed in inventory management best practices.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Labor costs can be further divided into two main categories: Back-of-House (BOH) Labor: This includes kitchen staff, such as chefs, cooks, and dishwashers, who are responsible for food preparation and maintaining kitchen cleanliness. Effective portion control requires staff training to maintain accuracy and consistency in serving sizes.