How to Drive More Revenue with Rebates Management?
Did you know that you can use rebates to boost sales? Be nice to your current customers and possibly future ones (this should not be a marketing rule to follow, this should be a common human being rule to follow, but well, marketing basics teach you this too). You should get as many special discounts … Continue reading “How to Drive More Revenue with Rebates Management?”Read More
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”Read More
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?Read More
How Do You Track Your Inventory?
As a restaurant owner you have 3 options on how to handle the subject of counting your inventory. Don’t Count Count In Excel Spreadsheet Count in softwareRead More
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”Read More
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”Read More
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”Read More
I spend my days talking to restaurateurs and chefs about their purchasing and inventory practices. It’s very interesting to hear so many different ways of running a restaurant, especially when it comes to managing food cost. When you get into food cost, it’s all about vendor selection and what they have to offer. There are … Continue reading “Buying Smart”Read More
Why do Most Restaurants Fail?
Most independent restaurants fail because they don’t spend the time to understand their largest cost, the cost of goods. Cost of goods represents as much as 18-40% of every dollar in sales. If not controlled, it can be much higher, and unfortunately, some restaurants don’t even know this number. Calculating the Cost of Goods Sold … Continue reading “Why do Most Restaurants Fail?”Read More
The hospitality business is a business of saving every penny. One of the easiest ways to add some profits to your business is through rebates. A rebate is a money that if offered by manufactures for buying their product. Rebates are available to anyone who buys qualifying products. Rebates are offered on many of the … Continue reading “Rebate Management”Read More