Inventory
How to manage a restaurant’s inventory for events?
Event inventory management is one of the most overlooked yet mission-critical aspects of hosting successful hospitality events. Whether you’re planning a food festival, a high-volume bar service, or a catered gala, failing to track and control inventory can result in significant losses from overstocked ingredients to misplaced liquor bottles and unaccounted event rentals. In this…
Read MoreMenu Analysis Techniques to Increase Restaurant Sales and Profitability
In the competitive hospitality and food service industry, managing a profitable restaurant goes far beyond creating a delicious menu. Menu analysis, the strategic review of what you offer, how it performs, and its associated costs, is one of the most valuable tools for increasing both sales and profitability. In this article, we’ll explore proven restaurant…
Read MoreThe Role of Food Costing Apps in Controlling Restaurant Expenses
Running a restaurant is like any other job; half the battle is saving money, and the other half is serving great food. The price of food. As a restaurateur or owner, minimizing food costs is likely one of the biggest hurdles you have to tackle to maintain food quality and consistency. And this is where food…
Read More7 Best Restaurant Inventory Management Practices
Restaurant management is challenging. To accommodate your guests and respond to customer demand, you must ensure that you have enough food, employees, and seating. Additionally, you need to keep track of your inventory and guarantee that your kitchen is well-equipped. Running a restaurant successfully requires having a good inventory system. Without it, you can overstock…
Read MoreHow to manage inventory in a restaurant
Good inventory management can help you stay on top of your restaurant’s ingredients and supplies and determine the difference between profit and loss.
Read MoreHow to calculate inventory turnover ratio
What is inventory turnover? Inventory turnover refers to how often a restaurant sells and has to restock their inventory. A high inventory turnover means you are selling things at a quick rate. It also gives you insight into your purchasing habits and whether you are over or under buying your inventory. When calculating inventory turnover…
Read MoreHow often should a bar take inventory?
When it comes to the optimal frequency of bar inventory counts, there is no exact science. This must be dictated by your bar’s specific needs and the objectives you want to accomplish through the inventory process. If a bar does not have an automated liquor inventory system that accurately measures what was poured vs. what…
Read More6 Restaurant Inventory Tips to Run your Business Successfully
Managing a restaurant presents many challenges. One of the most important aspects is knowing how to track your inventory. As part of supply chain management, inventory management includes aspects such as control and monitoring of orders, stockpiling and control of the number of products to be sold and stored, the implementation of automated inventory management…
Read MoreHow to manage a bar inventory | Liquor inventory guide
Managing a bar inventory efficiently can be quite a challenge without the necessary knowledge and tools. For many businesses in the hospitality field, alcoholic drinks account for a significant amount of both revenues and costs so knowing how to manage your inventory is crucial to ensure the well-being of your business and optimize profits. Conducting…
Read MoreWhat is a KPI?
KPI means: Key Process Indicator Why are KPI’s so important for my bar or restaurant? KPIs are important because they keep measurable objectives at the forefront of decision making. It’s essential that objectives are well communicated, so when people know and are responsible for their own KPIs, It ensures that the business’s overarching…
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