Restaurant Profitability Blog

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.

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.