Case Study
Controlling Food Costs with Inventory Software
September 26, 2024
The struggle to achieve lower food costs plagues many restaurant owners. And unfortunately, this problem is only getting worse, with 90% of restaurants facing higher food cost percentages than the previous year, according to the National Restaurant Association. Having sufficient inventory controls will go a long way in bringing your operating costs down to an acceptable level. Here’s how inventory software can help you reduce food costs and how you can best utilize its full potential. Without properly defined recipes, your inventory system isn’t of much use. Enter the wrong quantities or input incomplete recipes, and suddenly your final numbers will be off-target. So before you get started with onboarding a new inventory system, you should consider implementing some standardized recipes for each menu item. Standardizing recipes is especially important for expanding franchises. As Joel Siemens, an owner at Ricardo’s Pizza explains, "You should have everything laid out, like your recipes and how you want things done. Try to have that as clear as possible before you get started, especially if different owners are running that new store.”
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