LimeTray

FEBRUARY 9, 2025

The following blog explores the benefits of integrating restaurant POS systems with inventory and the factors to consider when selecting a POS with inventory solutions. By providing live tracking features, they give you immediate visibility into stock levels, helping to prevent costly stockouts and overstocking.

POS Systems 52

POS Systems Cost Reduction Vendor Management Download 52

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Have certain costs been reduced? Set a reminder for yourself to review the same data in 30 days and see what has changed. Good luck!

POS Systems 147

POS Systems Cost Reduction Pricing Download 147

Synergy Suite

NOVEMBER 20, 2024

MRP focuses on managing manufacturing processes and relies on three key elements: inventory, production scheduling, and demand forecasting.

Maintenance 52

Maintenance Scheduling Cost Reduction Definition 52

Synergy Suite

NOVEMBER 30, 2023

Understanding and managing prime costs is vital for several reasons: Profitability: Prime costs, comprising both the cost of goods sold (COGS) and labor expenses, typically account for the largest portion of a restaurant’s expenses. Be prepared to adjust your calculations to account for seasonal fluctuations.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Synergy Suite

DECEMBER 5, 2023

Your fixed costs are covered, and your variable costs are accounted for with each dish or meal you serve. Using Restaurant Accounting Software Modern technology offers powerful tools to streamline your financial management and track your break-even point. It’s the gateway to financial success.

Pricing 52

Pricing Information Marketing Budgeting 52

Synergy Suite

NOVEMBER 2, 2023

You can determine labor cost percentage per day, week, month, or even year with a simple formula. Here’s another example with real numbers: If your restaurant paid employees $4,000 in a week and brought in $10,000 in revenue, a labor cost percentage calculation would be as follows: 4,000/10,000=.4

Scheduling 52

Scheduling Training Information Cost Reduction 52

Synergy Suite

DECEMBER 14, 2023

Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs. Lower inventory turnover ratio often results in higher holding costs as your capital is tied up in inventory that isn’t being sold quickly.

Menu Planning 52

Menu Planning Information Procurement Training 52