Remove Cost Reduction Remove Portion Control Remove Software
article thumbnail

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Effectively managing food costs is essential for maintaining profitability and sustaining a competitive edge and involves monitoring ingredient prices, negotiating with suppliers, minimizing waste through proper inventory control, and implementing portion control practices.

article thumbnail

How to Read a Restaurant Profit and Loss (P&L) Statements

7 Shifts

Help your team understand restaurant P&L implications Educating your team on managing costs can foster a culture of financial responsibility within your restaurant. For example, training your kitchen staff on portion control can reduce food waste, and teaching your servers to upsell high-margin items can boost sales.