As a decision-maker in one of the many fast businesses falling under the umbrella of hospitality, your choice of suppliers can significantly impact the fate of your venture. Be it food ingredients, cleaning products, linen, or tech support, supplier management in hospitality is responsible for seamlessly handling daily operations.
Best Practices for Supplier Management in the Hospitality Industry
Apr 29, 2025 11:19:36 AM / by Team STO posted in hospitality industry, Procurement Software, Inventory Management, Supplier Management
Leveraging Data Analytics for Smarter Restaurant Inventory Decisions
Apr 24, 2025 7:48:08 AM / by Team STO posted in Restaurant Inventory Management, Inventory Management, Smarter Restaurant Inventory, restaurant data analytics
Running a restaurant isn’t just about tasty food and good service — it’s also about making smart choices in the background. One area where many restaurants struggle is inventory management. Ordering too much leads to waste. Ordering too little can mean unhappy customers and lost sales. So how do you strike the right balance?
Inventory Management Tips for Hospitality and Restaurants
Mar 28, 2025 7:12:28 AM / by Team STO posted in Inventory Management, restaurant inventory control, Hospitality & Restaurants
The successful food service business is dependent on effective inventory management for restaurants. Tracking stock and beverages is an essential part of the operations of establishments, and they always need to know whether it be a small restaurant, a luxury hotel, or a large arrangement of dining rooms. In short, effective restaurant inventory control ensures you have the right stock on hand — decreasing waste and improving profitability and customer satisfaction. It could be the difference between effective operation and fighting to keep up with demand.
The Financial Impact of Poor Inventory Management in Restaurants
Mar 26, 2025 1:42:49 PM / by Team STO posted in Inventory Management, Inventory Management in Restaurants
Top Strategies for Reducing Food Costs in Multi-Location Restaurants
Nov 21, 2024 10:05:18 AM / by Team STO posted in best restaurant management software, Multi-Location Restaurants, Food Cost Management, Inventory Management
Restaurant owners must have to figure out methods to cut costs as food prices continue rising to maintain the company's growth. Restaurant food cost percentage is a key metric in understanding and controlling costs.