Use the Purchase Allotment System in Your Restaurant

 In 1. David Scott Peters, budget, Food Costs, Tip of the Day

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 www.TheRestaurantExpert.com for more. Learn more tips, tricks and secrets in David’s free five-part e-course, “How to Explode Your Restaurant Profits NOW!” Simply sign up to receive the e-course at TheRestaurantExpert.com.

David S. Peters
Aside from being the founder of TheRestaurantExpert.com and serving as a Member coach, David is also a dynamic and engaging speaker. He is available to present in large group settings targeting independent restaurant owners, whether they own one location or a multi-unit chain.
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