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Understanding inventory and supply chain management

Les Roches

This includes food, beverages, linens, toiletries and other items and means coordinating with suppliers to achieve timely delivery and quality standards. In hospitality, inventory and supply chain management involves handling, getting, storing and distributing the goods needed for operating hotels, restaurants and other venues.

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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison. Some examples include repairs, maintenance, and your budget for supplies. Lastly, your variable costs are those that constantly change or occur as needed.