In the past few years, delivery and takeout platforms have taken the world by storm. While this has provided restaurants the opportunity to service customers in areas not previously available, whether that is due to logistics or choice, underestimating the systems can be dangerous too. The right choice boils down to a number of factors, […]
Food trucks have grown in popularity at an exponential rate alongside the growth in social media usage; but are they an inventory management dream scenario, or a nightmare waiting to happen? We’re going to look at the different elements that will help you make that final decision. Let’s jump in and start with potential issues […]
As 2020 progresses, many restaurants have a question mark hanging over them. COVID-19 has changed the way that business must be done; whether that be for better or worse. The following trends are those we observed prior to COVID-19, those during the pandemic, and those we see continuing to persist after the pandemic ends. Delivery […]
It’s little wonder that running a restaurant is considered a stressful career. Managing frequent deadlines, numerous staff, and demanding customers all day long are challenging but necessary parts of working in the restaurant industry. But when you also consider that profit margins are very narrow in the restaurant business, you’ll begin to appreciate why carefully […]
Here’s a familiar scenario: the restaurant you go to piles 14 ounces of fries on your plate giving the impression of a huge meal and better value for your dollar. But in reality, most customers cannot eat this much, and some or most of the fries end up in the garbage. For the restaurant, this […]
In a nutshell, a successful business is all about the numbers. Are you making enough money to cover your costs, pay your staff, and pay yourself? Can you save on any costs to make a profit, or to reinvest in your business to remain competitive? Are you charging enough for each menu item? Can you […]
After the rush of the holidays, but before the summer slam hits, you might find you have a slower season in your restaurant or bar. Many businesses in the hospitality industry experience a slow down in the first few months of the new year, as customers recuperate from holiday spending and retreat into their homes […]
There are many ratios and numbers that are important when it comes to not only managing your inventory, but your entire operations. The inventory turnover ratio – or ITR – affects more than just your inventory, it also affects your food costing, menu pricing, ordering, purchasing and more. It’s important to understand that, like all best […]
If the wind up to the New Year has you looking for new ways to streamline your restaurant business and boost profits, then inventory management is a great place to focus your resolutions. Effective restaurant inventory management can be as easy as a touch of a button with Optimum Control’s suite of restaurant inventory apps […]
The restaurant business tends to get a boost in the holiday season: with more people out shopping, they are often also looking for a place to relax and refuel. Large party bookings increase with festive celebrations, as does the demand for catering services. And while the holiday season can bring in new and more business, […]