Hospitality Net

OCTOBER 23, 2024

Cost containment within the hospitality industry serves as a cornerstone for sustaining profitability and ensuring smooth operations, particularly when faced with volatile and uncertain market climates. Focusing solely on immediate trims can bind choices for the future, jeopardising the potential for meaningful and sustainable innovation.

Procurement 52

Procurement Cost Reduction Guest Satisfaction Marketing 52

Modern Restaurant Management

MAY 10, 2022

Working with supply chain experts that provide industry leading technology can put your restaurant on the path to restaurant profitability, cost reduction, well-informed procurement, and automated integration.

Cost Reduction 197

Cost Reduction Pricing Procurement Information 197

Modern Restaurant Management

OCTOBER 27, 2020

Also, ghost kitchens don’t have to worry about foot traffic, so they can be located in less expensive areas that aren’t frequented by locals or tourists (especially since not many people are out and about these days), further reducing costs. Go All In on Digital Delivery.

Cost Reduction 223

Cost Reduction Procurement 223

Synergy Suite

MAY 16, 2023

Cost Reduction and Waste Prevention By having better visibility into inventory levels and usage patterns, restaurants can identify opportunities to reduce waste and control costs. Integration with purchasing systems ensures smooth coordination between inventory control and procurement processes.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Les Roches

JANUARY 8, 2024

Cost of implementation One essential aspect to consider is the investment required for automation in hotel operations. Procuring innovative technology tools often demands significant financial funds, but can also involve costs associated with the infrastructure changes needed to accommodate these new systems.

Housekeeping 52

Housekeeping Training Hospitality Management Reservations 52

Synergy Suite

DECEMBER 14, 2023

Strategic procurement practices, such as negotiating favorable terms, bulk purchasing , and securing competitive prices, can positively impact inventory turnover ratio by minimizing the overall cost of goods sold (COGS). Utilize historical sales data, market trends, and customer feedback to refine your forecasting process.

Menu Planning 52

Menu Planning Information Procurement Training 52

Synergy Suite

NOVEMBER 30, 2023

Restaurateurs keen on financial sustainability must scrutinize and strategize utility expenses, seeking energy-efficient solutions, adopting technology to monitor consumption, and implementing practices that contribute to both cost reduction and environmental responsibility.

Portion Control 52

Portion Control Scheduling Pricing Training 52