Why Using a Restaurant Back-Office System Is a Great Way to Monitor Vendor Pricing

Many believe that the restaurant industry is low tech. Diners look over a paper menu, select dishes that are prepared in the kitchen and delivered by a friendly server. But industry insiders know what’s really going on behind the scenes – science and technology. It takes a lot of data to keep food costs low, waste to a minimum, and tables full.

The savviest of restaurateurs employ a back-office system to monitor every aspect of their business –  from ticket times to inventory levels and food costs. Monitoring vendor pricing is simple with the right back-office system.

The Right Restaurant Back-Office System Will:

  • Make it much simpler to compare costs from multiple vendors. Would you rather compare paper invoices manually to look for the best cost or simply glance at a system generated side-by-side cost comparison.
  • Collect and analyze data that you just don’t have time to compile. You can quickly identify discrepancies, such as when one of your vendors offers the lowest prices, but supplies product that creates the most waste? Are prices going up at a time when it doesn’t make seasonal sense? Is buying locally saving travel costs and attracting customers, or are small-farm costs prohibitively high? Does the invoice pricing match the agreed upon contract price?
  • Drive down food costs by comparing up-to-the-minute market prices to what you are paying. It prevents waste from spoiled inventory, monitors shortage and loss and can alert you to increased demand that may call for a vendor renegotiation.

Your system will be there as long as you want it to, so you’ll never have to worry that your best manager, the one so good at holding down costs, has moved on to greener pastures.

The best restaurants combine state-of-the-art technology with the best talent of the industry. That’s where Horizon Hospitality comes in. Our restaurant recruitment experts can help you find and attract the high level talent you need to keep costs low, profits high and tables full. Contact our restaurant executive search firm today to learn more or begin your search.

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