...The difference between the two represents portioning mistakes, server errors, wasteful prep, and other areas of food waste. Critically, knowing your AvT numbers through your
...need to be done manually, automating every phase of the process possible with your POS integration can minimize the number of additional tasks, saving time
...Your hourly sales forecasts and custom labor model provides managers with suggested number of employees for each hour of the day. By accessing average sales
...be temporary, seasonal help might be the key to a successful holiday season. Operators, however, are having difficulty filling unprecedented numbers of open positions due
Restaurants today spend a mere 1.97% of their gross annual revenue on technology, according to Hospitality Technology’s 24th annual tech study. That number pales compared
...purchased item costs to discover any contract violations. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting. Tracking
...theft risk. “Combining your inventory numbers with what you actually sold for the week gives you your actual versus theoretical, and you can really dive
...crucial component of optimizing your labor costs. You could be doing everything right when it comes to forecasting and scheduling the right number of employees,
...like using daily sales to inform inventory decisions in smart ordering or smart prep. Forecasting can also inform labor scheduling, using forecasted sales numbers to
...your specified time period, to ensure comparable and reliable data. When you have accurate inventory reports, take time to analyze the sitting inventory numbers from
...difficult to fully understand everything that affects the calculation. Your restaurant profit margin depends on a number of factors that may be beyond your control.
...on accurate inventory tracking. An effective inventory management system not only prevents food waste and overordering, but it also informs reliable, up-to-date numbers that you
...comparable food cost numbers across locations. Calculating a theoretical food cost wasn’t possible without data-backed numbers. Inefficient menu planning: Without centralized data, reviewing and adjusting
...would be classified as independent contractors. To start pulling together numbers, consider using your restaurant accounting software to automate the reporting for wages paid out
...reasons. First, checking inventory consistently generates more useful numbers. Your inventory on a Monday morning before your weekly shipments come in will look significantly different
...picture of your expenses, accurate inventory management data is key to getting an accurate CoGS number. How your restaurant inventory relates to net profit There
Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
