Restaurant Profitability Blog

How to Calculate Your Inventory Turnover Rate (And Why it’s Important)

Do you know if you’re using your inventory efficiently?

Or how many days you’re holding inventory?

Managing your restaurant’s inventory sometimes get pushed to the backburner.

Invoices stack up. Servers call in. Managers show up late. And payroll has to get done.

You have a million things to think about every day and inventory management isn’t always a top priority.

But understanding your inventory is vital to the success of your restaurant.

You should have a thorough understanding of your inventory turnover rate, how many days its held on average, and how that compares to others in your market.

Ben BaggettHow to Calculate Your Inventory Turnover Rate (And Why it’s Important)
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Restaurant Food Waste: The Silent Killer

You’re busy.

Well, ever since you opened your restaurant, you’re never not busy.

You’re being pulled in a million different directions at all times. You’re covering for a waiter who skipped his shift. A customer is causing a scene. A fight just broke out in the kitchen.

With all that going on, you just haven’t had the time – or energy – to focus on reducing your restaurant’s food waste.

You’re not keeping track of your orders. Instead, you’re just placing the same ones over and over. Who has time to analyze all that stuff?

Well, when you don’t analyze that “stuff”, you’re throwing out hundreds of dollars a week in wasted food.

And you have nothing in place to help with your restaurant food waste management.

But, you can reduce food waste in your restaurant in a ton of ways, including inventory management, smarter ordering decisions, and more.

Stop letting restaurant food waste kill your profits.

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Danny BarryRestaurant Food Waste: The Silent Killer
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Infographic: 5 Processes to Shred Your Food Costs

According to the National Restaurant Association, the restaurant industry netted almost $800 billion in sales in 2017.

So.. why are you still struggling to turn a profit?

It’s probably because you’re not taking care of your food costs.

Make a change and save your restaurant.

Here are a few places to start:

Danny BarryInfographic: 5 Processes to Shred Your Food Costs
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Restaurant Inventory Master Class Webinar Recap

Recently, we hosted the Restaurant Inventory Master Class Webinar.

This first-of-its-kind course covered a variety of topics, including:

  • The importance of getting accurate inventory numbers
  • How to find your Cost of Goods Sold
  • How all these numbers help lower your food costs
  • A way to get better numbers in a fraction of the time (and without counting inventory)
Danny BarryRestaurant Inventory Master Class Webinar Recap
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The Case for Price Transparency: A Note from our CEO

Orderly is here to help restaurant owners run a smarter business. And we can’t do that if we’re just giving you our perspective.

So each month our CEO, Bill Jones, takes a deep dive into a topic of his choosing. He’s got thoughts, tips, and things to watch out for – all designed to help you out.

And we have them right here, for you.

Danny BarryThe Case for Price Transparency: A Note from our CEO
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The Restaurant Inventory Technology Checklist

Technology has changed the way you run your restaurant.

These days, you likely use a POS system, not handwritten tickets. You probably have a website with your location and menu. And you use social media to share updates about your restaurant.

If you’re not doing any of that… Well, we hope living in the 90s is fun for you.

Danny BarryThe Restaurant Inventory Technology Checklist
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3 Ways Ignoring Your Inventory Par Levels is Costing You Thousands

It’s the middle of your crazy busy Saturday brunch rush, and you’re about to run out of bacon.

You know you placed an order the other day, but for some reason, your stock is getting low.

So, it’s off to the grocery store to grab as many packs as you can. Have you ever seen a customer who doesn’t get the crispy delicacy they ordered? It ain’t pretty.

Danny Barry3 Ways Ignoring Your Inventory Par Levels is Costing You Thousands
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