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What Can I Do to Reduce My Restaurant Supply and Labor Costs?

Modern Restaurant Management

Here are three ways you can reduce your restaurant supply and labor costs: Use Technology to Streamline Operations. Whether you’re taking inventory, ordering supplies, or managing the supply chain – it all costs time and labor. Partner with Supply Chain Experts.

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What Restaurants Need to Know About PPP Forgiveness, Including Recent Changes 

Modern Restaurant Management

Cost reduction should be considered for both direct and indirect spend across cost categories. For restaurants, some necessary costs may be out of their control. Food prices fluctuate with changes in the supply chain. Companies also need to assess the impact of supply chain issues and staff availability.

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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

This ratio serves as a key performance indicator, guiding restaurants in optimizing their supply chain and maintaining a healthy financial equilibrium. Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs.

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

Synergy Suite

It simplifies communication with vendors, tracks deliveries, and provides alerts for low stock levels, ensuring timely replenishment of supplies. Vendor Management Effective vendor management is crucial for maintaining a reliable supply chain.

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El Pollo Loco’s Pledge and techtown Refresh

Modern Restaurant Management

This investment represents the first institutional capital into Green Rabbit and positions the company to continue its growth in the $20 billion e-commerce food and grocery delivery market by adding additional talent to its workforce and further developing its supply chain automation capabilities.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Restaurateurs keen on financial sustainability must scrutinize and strategize utility expenses, seeking energy-efficient solutions, adopting technology to monitor consumption, and implementing practices that contribute to both cost reduction and environmental responsibility.

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MRM Plant-Based: Trends in Meatless and Copper Branch Expands in Time for Veganuary

Modern Restaurant Management

The science behind cultured meat production is relatively well-established; the main challenges are to do with cost reduction and scale up.Both require significant investment into equipment, such as high efficiency, large scale bioreactors, and process engineering, so companies will be keen to secure additional funding.