article thumbnail

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Effectively managing food costs is essential for maintaining profitability and sustaining a competitive edge and involves monitoring ingredient prices, negotiating with suppliers, minimizing waste through proper inventory control, and implementing portion control practices.

article thumbnail

Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Efficient portion control and recipe standardization can reduce waste and control expenses. Consider offering unique or value-added services that justify slightly higher prices, such as complimentary items or exceptional customer service. Rethink your menu composition to include high-margin items.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Restaurant Operations Overview: What You Need to Know

7 Shifts

Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. Some tools that help out in this area include restaurant accounting software, as well as processes that restrict profit loss like portion control and employee scheduling software that promotes time clocking integrity.

Server 145
article thumbnail

MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

A recent consumer study from Deloitte, “ The Restaurant of the Future Arrives Ahead of Schedule – Time to Get on Board ,” found that these trends are likely to remain long after the pandemic ends, as diners seek more convenient and connected restaurant experiences. The Restaurant of the Future is Here Now.

article thumbnail

Fast-Casual Academia, Climatarian Menu and Ice Auction

Modern Restaurant Management

It comes in single-use, portion-controlled pouches for easy distribution to diners eating in or taking out. Modifications to an HVAC system’s ventilation settings and schedules typically require a technician to visit each individual facility to make manual adjustments to each HVAC system.

Marketing 162