In the restaurant business, “PAR level” is an industry term for effective inventory management. Specifically, Periodic Automatic Replacement or PAR is a system for figuring out the minimum level of inventory you need on hand for a given period of time. Ideally, a PAR level system will tell you the minimum quantity of any given […]
Food and beverage inventory control is not just for restaurants and large chain operations: bars, lounges and nightclubs also need inventory solutions for effective cost and profit management. Bar inventory software is your all-in-one digital tool for powerful ordering, tracking and reporting systems, helping you streamline and maintain your establishment’s liquor and bar inventory. Optimum […]
How you manage your bar or restaurant inventory can make or break your hospitality business. Successful inventory management involves accurately tracking your food and beverage inventory stocks, making the most cost-effective purchasing decisions, and ordering your stock at the optimal level of demand. But how you decide to manage your inventory is just as important […]
In the service industry, we are trained from day one that “the customer is always right.” A successful bar or restaurant is wise to put this philosophy first, knowing that happy customers are returning customers, and the key to our bottom line. But in reality, there are many ways that we can put our profits […]
If recent consumer trends are any indication, it’s only going to be more and more common that customers at your restaurant will request substitutions to the menu items they order. Be it allergies, intolerances, diet restrictions or just individual preference, the list of possible substitution requests is nearly endless – while the opportunity to prepare […]
A single outbreak of a foodborne illness in your restaurant could cost you millions of dollars according to new research. Regardless of the size of your establishment, one foodborne outbreak can lead to millions of dollars in lost revenue, fines, lawsuits, legal fees, insurance premium increases, inspection costs and staff retraining. The findings, based on […]
TracRite has been building and developing the most successful inventory software for over 18 years. Based in Canada, we’ve serviced restaurants worldwide with their state-of-the-art inventory software that is both easy to use and affordable. If you’ve taken a look at our website and are asking yourself “how do I know if Tracrite is right […]
When you have inventory problems, it will impact your bottom line. And a company who loses profits can easily go bankrupt if they can’t find a solution to turn their situation around. You need to steer clear of common inventory problems like the 5 examples below in order to gain control and get your business […]
Running out of items in your restaurant can create unhappy customers and a bad reputation for your business. Ordering too much or in bulk can also have negative consequences on your bottom line – especially if you’re serving older stock items that have been hanging on your shelf for a while. If this sounds familiar, […]
Without having a strategy in place to maximize profits, your business has little chance of success. It’s crucial to learn the techniques that attract customers to your business, along with employing the correct tactics to keep them coming back for more. If you’ve been looking for some fresh ideas for your business, check out our […]