How to monitor food profit margins with a key item report

When food costs rise, profit margins sink and restaurant owners must take action. And one vital solution is the key item report. The key item report is a daily tracking tool that puts the [...]

Liquor Inventory the Easy Way

By David Scott Peters Restaurant Tip of the Week How do you keep track of your liquor? Do you? While there are many different ways to set up a liquor inventory system, the one I present is easy [...]

Restaurant Budget is Key to Success

By David Scott Peters Restaurant Tip of the Week It all goes back to staying in budget Do you want to know why inventory turns are so important? Knowing your inventory turns will help you stay in [...]

Determine Your Restaurant’s Inventory Turn

By David Scott Peters Restaurant Tip of the Week Inventory turn If a turn is the process of completely emptying your stocked shelves and restocking them, what about the items on your shelves that [...]

The Restaurant Inventory Turn

By David Scott Peters Restaurant Tip of the Week The great inventory theory Conducting inventory in your restaurant ensures your money is in the bank, not on your shelves. But how do you know [...]

Managing Your Restaurant Inventory

Restaurant Inventory = Money Early in my career I remember being walked into a walk-in cooler and asked, “What do you see on the shelves?” I started listing what I could see on the shelves, but I [...]

Conduct Inventory in Your Restaurant

By David Scott Peters Restaurant Tip of the Week Money belongs in the bank, not on your shelves. When was the last time you conducted inventory? Do you know how much money you have wasted sitting [...]

All I wanted from my POS System

By David Scott Peters Maximizing your POS system is a big part of running an efficient and profitable business. I pulled together three different blog posts about maximizing your restaurant POS [...]

Must-Have Systems to Maximize Your Restaurant POS System

Let’s talk about how to maximize your restaurant POS system. I’m passionate about efficiency. Call me lucky, but I’m one of those rare people who has turned my passion into my career: [...]

A Tip for the Day: FIFO

By David Scott Peters Follow the FIFO principle. What’s FIFO? FIFO is first in first out inventory management. Oldest dated product needs to be used first. So when the delivery is made, make sure [...]