Advantages of Comparing Prices from Multiple Vendors

When ordering items for your restaurant, do you shop around for the best deals? Or do you feel more comfortable making all your purchases from one vendor? Of course there are advantages to sticking with one vendor. You get one big delivery instead of several small ones, you get to know your delivery guy, and … Continue reading “Advantages of Comparing Prices from Multiple Vendors”

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Ideas on How to Utilize your Newfound Rebate Savings

Finding savings where you can and then putting those savings towards ideas that will increase traffic to your restaurant is a great way to expand your business. But are you taking advantage of every savings opportunity available?

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10 Best Practices for Counting Inventory

Here are 10 things that should be part of your best practice on counting inventory. Take inventory frequently. For some items it should be done daily, for others twice a week. At a minimum it needs to be completed before placing weekly orders. Take inventory after the restaurant has closed or before it opens. You … Continue reading “10 Best Practices for Counting Inventory”

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Purchase Order to Bid Price Management

Good Invoice management should start with creating a Purchase Order (PO) with bids on all products within an inventory software that will help you manage your Cost of Goods. You can read my earlier blog on buying smart to learn more about bidding on products.  Many times, the manager/chef that is receiving the goods is … Continue reading “Purchase Order to Bid Price Management”

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Invoice Management

If you watch a restaurant before they open you will see a slew of delivery trucks and repair people needing the attention of the managers and chefs.  Each of which include a paper invoice.  Invoice management is a big topic in the restaurant business today. Operators want to get rid of the paper and automate … Continue reading “Invoice Management”

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Best Practice for Taking Inventory

Take inventory frequently. For some items, it should be done daily, for others twice a week. At a minimum, it needs to be completed before placing weekly orders. Take inventory after the restaurant has closed, or before it opens. You cannot take accurate inventory while goods are being sold. Whatever time you pick, stick with … Continue reading “Best Practice for Taking Inventory”

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