Inventory

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…

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…

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…

What is a KPI? Some say: -“If you can’t measure, you can’t manage” Read this article for our definition of a KPI Here’s a list of useful KPIs (Key Process Indicators) that can help you manage your bar or restaurant: Employee Labor Percentage Add up expenditures for all wages and salaries. Include bonuses, commissions, and…

1- Divide your bar into sections Here’s an example: Bar, Cellar, cooler, fridge, and stockroom. Dividing your bar or restaurant will allow you to: Count better with fewer errors. Understand where errors have occurred. Avoid having to start all over again when you’re interrupted. 2- Choose the right time Choose a moment when the place…

  The low profit margins of restaurants is a topic that has been discussed a lot and the general consensus is that operators need to focus on increasing sales volume while decreasing expenses in order to improve their restaurant’s profits margins. Fact: COVID-19 has left restaurants with limited room to increase sales Typically, increasing sales meant…