The Best Restaurant Inventory Hacks to Reduce Food Costs

Posted by Brady Thomason, NetSuite Solution Manager, Restaurant & Hospitality
Inventory is a primary expense at any restaurant, accounting for up to 35 percent of total costs. Therefore, to run the most efficient and profitable business, restaurant owners must be skilled at inventory management. But management of inventory remains a challenge across the United States, with some restaurants wasting up to 10 percent of all food purchased. A large portion of this waste is due to poor inventory control. To be a sound restaurant owner, you must understand the basics of inventory control. However, great managers also employ a variety of inventory management hacks, which allow them to squeeze more profit out of every dollar.