Leadership and Management Excellence Blog

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inventory turnover ratio what it means to your business

Inventory Turnover Ratio & What it Means to Your Business

Inventory management is crucial to running any business but it’s even more important when running a restaurant, as the inventory turnover ratio indicates important stats in a specified time period. Let's delve into how to determine that ratio.
how to figure out your inventory par levels

How to Figure Out Your Inventory Par Levels

Your food costs and restaurant’s inventory Par Levels are directly dependent on each other. Monitoring your inventory and its Par Levels is the key to a successful and profitable restaurant. Here is how you can determine and track them.
calculating inventory turnover ratio for your restaurant

Calculating Inventory Turnover Ratio for Your Restaurant

There are a few methods that can be utilized to calculate inventory turnover ratio, which can involve different variables. This article will teach how inventory turnover ratio can be calculated by using the cost of goods sold and average inventory.
5 features of the best inventory management software

5 Features of the Best Inventory Management Software

In order to find the best available software, you need to know which features to look for when shopping around. Here are the key features that will greatly help every restaurant improve inventory management processes.