Effective Tools to Measure and Control Inventory Levels

September 5, 2017By KROST CPAs

As a restaurant operator, understanding the importance of maintaining accurate inventory levels for your restaurant is critical to running a successful business. High inventory levels in comparison with the corresponding food sales can severely hinder your potential for profitability. Excess inventory levels will lead to poor control practices, inefficient use of product and susceptibility to Read the full article…

The Pareto Principle

June 21, 2016By KROST CPAs

We were able to taste some great wine and gain some knowledge at the annual Ctuit Users Conference in Napa Valley. One of the most interesting sessions was Pat Darling’s presentation on the Pareto Principle, also known as the rule of 80-20. Named after an Italian economist who surmised that 80% of Italy’s land was Read the full article…