As hospitality venues look ahead to the new year and start to plan for 2023-24, one of the most important considerations should be inventory management. Having an efficient system in place to track and manage inventory is essential for any successful hospitality business.
HOSPITALITY PLANNING FOR THE YEAR 2023-24 (For Restaurants and Bars)
Jan 19, 2023 8:24:36 AM / by Team STO posted in restaurants, hospitality, procurement management software, Hospitality Management Software, procurement, Restaurant Inventory Management, food and beverages, food inventory
Don't Let Your Restaurant Run Out of Food: The Inventory Management Guide
Jan 19, 2023 8:16:17 AM / by Ayushi posted in restaurants, procurement management software, Hospitality Management Software, procurement, Restaurant Inventory Management, food and beverages, food inventory
Keeping your restaurant well-stocked with food and beverages can be one of the most challenging aspects of running your business. If you do not have enough supplies, you may run out, which will leave your customers upset that they can not order their favorite menu items.
An effective procurement strategy: how to make your business thrive in the current climate
Jan 18, 2023 10:35:04 AM / by Team STO posted in restaurants, hospitality, supply chain, procurement management software, Hospitality Management Software, procurement, UK businesses
As a result of rising global inflation, many UK businesses—including the hospitality sector—are facing increased costs. We are feeling the effects of a fuel crisis, which has driven up utility costs and led to weekly notifications from suppliers about price increases. Also, Ukraine's conflict with Russia is restricting grain exports by that country—a significant supplier of sunflower oil (also used in biodiesel). As economic conditions continue to change, businesses must focus on cost controls and sound purchasing practices.