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How Can I Increase My Bottom Line Profits?
One major aspect to running a profitable restaurant is managing the controllable costs, such as food, labor and equipment. With these, you'll probably experience more difficulties controlling food.
Simultaneously monitor portion sizes, prevent theft, watch waste and order efficiently should be done in order to manage food costs effectively.
An inventory software will be able to help you identify precisely when your food costs are out of line. With an inventory software, you'll typically save 1 to 2 percent of sales, and could save you much more. And it’s savings that goes straight to your bottom line as profit.
With a POS-based inventory control system operators can spot and solve food cost problems that might not become visible by simply focusing on portion control. And when your employees know that the system is carefully keeping track, it stop waste as well as theft.
When experiencing food cost problems, a restaurateur will most likely to learn this lesson after a week of using inventory control software.
In his restaurant, he's portion controlling, yield testing and doing physical inventory, but it wasn’t until he began using inventory software that he began to realize his inventory was out by exactly 2 pounds of beef every week; coincidentally, single box weights exactly the same! Knowing that, it was relatively easy to locate the source of the problem: a prep cook was stashing a box of goodies every every Saturday evening.
Boosting your bottom line
Using an inventory control program, in a typical restaurant point of sale (POS), the operator simply starts by entering their recipes and product costs to the system. The system then can track ideal usage based on those recipes and the restaurant’s actual sales.
The software also can track product usage in situations where some orders don’t conform to a standard recipe. The operator can then do a physical inventory and generate reports in order to compare it with the calculated ideal usage to check their differences. The operator can even set the software to track any number of item he wants.
Mostly in restaurants, their top 10 items 80 percent of their food cost problem. And you can schedule nightly counts of key items and weekly or even monthly counts of some other items.
On a single item, over-portioning by 1 ounce per order could cost a restaurant hundreds of dollars a month. If an item is running $1.67 per pound, eliminating over-portioning on 100 orders per day for 30 days could add up to more than $300.00 in savings or $3600.00 per year!
Reduce waste and free up cash for other things! So you better have a good which can help an operator reduce the amount of stock they keep on hand. Carrying too much inventory could cause a loss of between 2 percent and 5 percent on an operator's average profit-and-loss statement.
According to one of our clients it was a lot of work to set up because they have a fairly extensive menu, but after helping them with proper programming, we were able to drop their food cost by 2 to 4 percent – a reasonable addition to their bottom line profits.
So if you're using a restaurant POS system or are considering a purchase make sure you understand the additional profits that you can acquire and the "how to's" by learning and using the inventory module of the system accurately.
The author of this article is the VP of Customer Relations at POS-Fof-Restaurants.com with over 20 years experience in restaurant point of sale (POS) helping restaurants nationwide increase their efficiency and bottom-line profits.
Visit POS-Fof-Restaurants.com for more information on how our national network of restaurant point of sale professionals can help your business achieve greater success in these difficult economic times.
What does it mean when the Walgreens pregnancy test had a blue control line but the results window is blank?
I took a Walgreens first results home pregnancy test. The control window showed a dark blue line, but the results window was blank. What does this mean?
If the control line showed up then the test worked. If the "test" line was blank it means you are not pregnant.
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