Synergy Suite

NOVEMBER 20, 2024

Schedule a demo today! MRP focuses on managing manufacturing processes and relies on three key elements: inventory, production scheduling, and demand forecasting. The post Types of Inventory Management appeared first on SynergySuite.

Maintenance 52

Maintenance Scheduling Cost Reduction Definition 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 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

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