October 2018 – Profitwatch | The Cost Saving Business

FOOD PROFITABILITY, FOOD WASTE AND THE 13.5% VAT INCREASE

October 14, 2018

It’s absolutely paramount that any food business knows their food gross percentage margin GP% at least once a month. But it’s even more important what action is taken with the result. It’s also [...]

Purchasing & Procurement, Cost Saving and Supplier Negotiations

October 14, 2018

“Purchasing should be a proactive main management function” Irish Institute of Purchasing and Materials Management Dempsey O, (editor) (2005), Purchasing and the Commercial Environment, IIPMM [...]

Stocktaking, Cost Saving and the 87/13 Rule

October 10, 2018

Stocktaking, when done correctly, and combined with purchasing and accounts payable can be a powerful tool for making strategic decisions in hospitality. It was noted from a Failte Ireland study [...]