|
Welcome to Ideal Software
Greetings!
Welcome to the latest issue of Ideal Software's Niche Notes, our newsletter that keeps you informed on all the latest restaurant industry news and more!
This month's issue features a new blog:
"6 Ways to Alleviate Rising Food Costs in your Restaurant".
We welcome your feedback and hope that you enjoy this month's blog.
Regards, __________________________________________________________________________ |
|
6 Ways to Alleviate Rising Food Costs
Watching the bottom line is essential to operating a profitable business, and finding ways to alleviate rising food costs in your restaurant is crucial to success. With today's escalating transportation costs adding to the variable price of inventory, it can be extremely difficult to monitor profit and loss areas without software that is designed specifically for the restaurant and food service industry.
The following list provides 6 ways to alleviate rising food costs in your restaurant for increased profits.
1) Monitor P&L Daily, Weekly & Monthly
The restaurant and food service industry requires you to vigilantly monitor your profits and losses in order to succeed. The average profit has decreased significantly from an average of 18% to 24% to an average profit of 6% currently, which means only a slight increase in losses can severely impact success and must be caught and corrected as soon as possible.
2) Eliminate Waste
Eliminate waste in the kitchen through every available means. Calculating portion costs and implementing portion control, and monitoring the results is one of the quickest ways to turn around losses. Perishable items that become outdated or are past their prime quickly drive up costs as does the practice of ordering items that are out of season. Weigh and measure portions consistently.
3) Keep Records
Keep records that include inventory and food waste, and personally take stock on a regular basis. All food, beverages and other items should be accounted for as waste can quickly eat up profits.
_________________________________________________________________
|
