​Watch for new tech tool to manage food costs

​​Watch for new tech tool to manage food costs

Are monitoring food costs a significant challenge to your business? If so, you’re hardly alone: 60 percent of restaurant operators struggle to manage food costs, according to Upserve. It can be especially challenging if you have a long list of suppliers, as many operators do. When food costs comprise 28 to 35 percent of an average restaurant’s gross sales, taking control of your inventory can generate substantial savings. If you’re still using an Excel spreadsheet — and hours of your time — to keep tabs on your food costs, it’s time to integrate your inventory management and POS so you have real-time information at your fingertips when you are negotiating with suppliers and placing orders. Watch this space in the coming weeks for more information about a new program from Team Four that can help you manage food costs more efficiently and retain your competitive advantage.