Remove Portion Control Remove Procurement Remove Supply Chain
article thumbnail

How to reduce food waste in hotel operations

Hotel Owner

While waste can occur throughout the supply chain, it is crucial for hotels to focus on internal practices, especially in their kitchens and restaurants, where they can directly implement change. Waste tracking not only reduces waste but can also save costs on food procurement by eliminating unnecessary over-purchasing.

article thumbnail

Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Increasing gross profit margins might indicate cost control improvements, menu optimization, inventory and supplier management, or effective pricing strategies. Conversely, decreasing trends might signify escalating ingredient costs or inefficiencies in the supply chain.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

By emphasizing robust inventory control as a solution to ingredient waste and spoilage, restaurants not only enhance their sustainability efforts but also optimize costs, contributing to a healthier bottom line. Portion Control Portion control stands out as a key strategy in addressing the pervasive issue of ingredient waste and spoilage.

Pricing 52
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.