Hotels Can Improve Margins With An External Stocktaker
Hotel owners that engage with external stocktakers see around 3% added to their margin, on average. This is because the external stocktaker produces detailed stock reports on a monthly basis and by keeping track in this area of the business potential margins can be found and improved via better stock control and analysis.
The FIFO Method of Stock Control
The first in and first out method, also known as the FIFO method, is essential for good stock management. By using this method in the catering industry you are reducing the risk of wastage through short date, out of date or expired stock.
Improve Your Margin With An Independent Stocktaker
We work with a lot of hotel managers as independent stocktakers. In most cases our hotel clients experience at least 3% added to their margin when they engage with independent hotel stocktakers. This often occurs because the independent hotel stocktaker will help the hotel manager see what the potential margin could be and how to […]
Pub Closures Continue
It seems that a recent survey shows a very gloomy picture for pub closure rates in the UK as pubs continue to close at an alarming rate. The survey completed by CAMRA’s What Pub online guide covers around 47,500 pubs from across all corners of the UK. Between July 2016 and December 2016 455 pubs […]
How Your Catering Business Must Adapt To Meet Customers Modern Expectations
A survey was recently completed by speaking to over 1,000 users of Wi-Fi across Europe and the research found that 84% would be more willing to purchase goods and services from a business that offered a free Wi-Fi service; meanwhile 96% said they would return to a hotspot location because of the free Wi-Fi.