Use the Purchase Allotment System in Your Restaurant
By David Scott Peters
Restaurant Tip of the Week
The purchase allotment system will allow management to order what is needed to operate smoothly, while staying within the budget, and to recognize and correct problems before the end of a period. NOTE: To gain full advantage of this system, a restaurant should pay for all of its raw products, food and liquor, by COD. There are four rules that are critical to its success:
1. Cost of goods sold targets have been budgeted
2. Inventory levels are worked up and down to a target level
3. Sales forecasts have been created for each day of the month
4. Sales are tracked by major category on a daily basis
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in teaching independent restaurant owners how to use systems for increased sales and increased profits. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit https://restaurantsystemspro.net/ for more information.
