The Complete Ordering Glossary: Every Term to Know When Ordering from Restaurant Suppliers
As a restaurant owner, you’re constantly placing orders.
Which means you’re always in contact with your restaurant suppliers.
Yet, you still haven’t put any processes in place. You just keep blindly ordering over and over.
When you’re not being thorough with your orders, restaurant suppliers can take advantage. And that can cost you.
The Ultimate Guide to Working with Restaurant Suppliers
As an owner, restaurant suppliers can be the bane of your existence.
But, they’re necessary.
Without them, you’d be making daily runs to the grocery store.
…If you’re currently doing that, please check out your ordering processes ASAP.
You Can’t Afford to Ignore the 4 Dirtiest Words in Supplier Pricing
Suppliers care about their profitability, not yours. Get to know these words and take control of your cash.
Four “words” stand between you and more money in the bank.
They’re words your suppliers don’t want you to know.
They’re words that have to do with food costs and food trends.
Words that can save you money.
Food Costs Are Up. Fix it with a Quarterly Business Review
The 9 Step Process Guaranteed to Put Money in Your Bank
Let’s face it, food costs aren’t going down.
According to the National Restaurant Association, they’ve actually shot up 25% over the last 5 years.
Price fluctuations? They’re even more common.
Sometimes, they change as often as every week.
These numbers wouldn’t matter (and we wouldn’t spend time writing about them) if food spend didn’t represent 30% – a full third! – of an average restaurant’s total budget.
5 Shocking Truths About Supplier Pricing
They say if you stare at something long enough, eventually it will stare back.
That’s definitely how we feel about the supplier pricing data we’ve been looking at…
Last month we did a deep dive on supplier pricing data.
We analyzed 413,013 supplier purchases across the United States. The pricing data we evaluated came from 4,137 restaurants and 4,207 food distributors.
And as we looked at the data, well… it looked back.
It revealed some hidden truths about supplier pricing. And some of these truths were pretty darn shocking.
Restaurants Regularly Pay 86% More for the Same Ingredient
What if I told you that restaurants regularly pay 86% more… for the same ingredient… from the same supplier… in the same market… in the same week…
Or that 92% of restaurants are overpaying their suppliers.
Yeah… it’s crazy… but this is exactly what we found.