While there are those in the restaurant business who know where a menu price comes from, we created this short guide to provide information to those curious about how a chef goes from ingredient prices to menu prices. To begin, we’ll start with the menu cost equation, and then explain the individual elements that make […]
In a world where cutting costs and minimizing losses is becoming more and more important, we’ve come up with a list of 10 tips to help reduce preventable inventory losses and maximize your value on return. Keep Waste Logs By keeping waste logs, you’ll be able to track where you’re losing money, and where your […]
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 […]
Now that the busy summer restaurant season has begun, the time for hiring more summer staff has also now arrived. With high school, college and university students out looking for summer jobs, restaurant and bar owners are now staffing their patios and extended hours with a larger roster of temporary summer help. But as minimum […]
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 […]