article thumbnail

How Restaurant Management Software Can Help You Manage Inventory and Control Costs

The Restaurant Times

The software allows for accurate cost calculations for menu items by tracking ingredient costs and portion sizes. With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability. Furthermore, restaurant management software helps reduce waste and shrinkage.

article thumbnail

Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

Menu planning and item selection Menu planning and item selection play a pivotal role in influencing inventory turnover ratio for restaurants. Strategic menu planning involves balancing popular, high-margin items with perishable goods to minimize excess inventory.

Insiders

Sign Up for our Newsletter

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

article thumbnail

All-in-One Restaurant Management System: How the Pieces Fit

Synergy Suite

The integration between inventory management and purchasing allows for seamless procurement of ingredients and supplies, automating the purchasing process based on inventory levels and pre-set reorder points. This information helps in making data-driven decisions regarding menu optimization, pricing strategies, and marketing campaigns.

article thumbnail

COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

Consequently, astute restaurateurs meticulously monitor and manage this percentage, seeking avenues to optimize ingredient costs, negotiate with suppliers, and fine-tune pricing strategies. Understanding these trends can help you make informed decisions about pricing, menu adjustments, and inventory management.

Pricing 52
article thumbnail

NLRB Joint Employer Final Rule and America’s Classics

Modern Restaurant Management

There’s always sinigang; Leila adapts the classic tamarind-sour soup to its Northwest surroundings with salmon collars procured from neighboring fish vendors. In addition to a searchable database for answers about products and baking questions, the site will share trending topics, menu-planning ideas, recipes and troubleshooting tips.