Remove Marketing Remove Menu Planning Remove Procurement Remove Supply Chain
article thumbnail

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. Menu planning and item selection Menu planning and item selection play a pivotal role in influencing inventory turnover ratio for restaurants.

article thumbnail

COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

Identifying patterns in COGS trends empowers decision-makers to adapt and refine strategies, whether it be adjusting menu offerings, negotiating better supplier deals, or fine-tuning inventory management. These fluctuations, often a result of dynamic market conditions or inconsistent supplier performance, demand a strategic response.

Pricing 52