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The economic squeeze is taking its toll on many in the hospitality industry, so in this blog we’re taking a look at ways in which restaurants and pubs can reduce costs and increase profitability. Whilst there is no one-size-fits-all solution to this, there are a few key elements that could help you make your make your budget go further.

First and foremost, the best way to slash costs is surprisingly simple… Tackle food waste.

 We think the secret recipe to success are these three game-changing ways to trim expenses without compromising on quality:

  • Ingredient intelligence: Take charge of your ingredients by closely monitoring inventory levels and usage rates. Whilst there are cutting-edge inventory management tools out there to help you keep a close eye on this area, working alongside a supplier who can support you with this can also prove helpful. Look for simple ways to improve the efficiency of your current stock-taking routine and you are bound to see results.
  • Master your menu: Review your menu – which dishes are high-profit and low-waste? Can you create more of those? Also, which dishes are low-profit and high-waste? Trimming the fat and bidding farewell to underperforming dishes will help you cut costs and food waste. Also consider how you can get creative and base your menu on versatile ingredients that can be used in multiple dishes. Chicken, fish and potatoes are simple ingredients that can be used in various forms. For those who are higher end – consider creating ‘tasting’ menus rather than whole dishes.
  • Perfect portions: You know what they say… size matters! How can you strike a balance between portion generosity and plate waste by revising portion sizes? It’s about delivering value while making sure you’re being efficient. How do your customers feel about your portion sizes? How much food from your most popular dishes comes back to the kitchen?

These strategies are not just cost-effective but also easy to implement, promising a significant boost to your budget.

Remember, saving money doesn’t mean skimping on quality or customer happiness. It’s about smart solutions that are sustainable. Start making these small changes and watch your business savings increase, while keeping customers satisfied.

If you already have a supplier who can support you with your changes, provide ingredients that you will benefit from and work within your budget, then this will help you immensely. If you don’t, then perhaps it’s time to book a call with our sales team and talk about switching to us!