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The Straight Up Blog

April 08, 2021

Should You Use a Loss Leader Pricing Strategy in Your Restaurant?

The term ‘loss leader’ often brings negative connotations for restaurant owners and managers, but did you know that when used properly a loss leader p...
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April 06, 2021

4 Reasons Why Restaurant Inventory Management Matters

Running a restaurant is a dream for many people. The truth is, however, that running a successful restaurant isn’t just about crafting amazing meals. ...
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March 25, 2021

Bar Inventory Best Practices: How to Prevent Overpouring

In our last blog, we discussed how liquor shrinkage (also known variance) can have a huge impact on the profitability of your bar. 
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March 23, 2021

Bar Inventory Management: How to Reduce Liquor Shrinkage

Bar inventory management is a crucial aspect in understanding exactly how your business is performing compared to your key performance indicators (KPI...
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March 15, 2021

FIFO Vs LIFO Vs WAC: What Restaurant Inventory Costing Method is Best?

Restaurant inventory management is critical if you are to run a successful, and profitable, business. The financial health of your restaurant, and how...
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March 05, 2021

Bar Inventory: What is Pour Cost Percentage and How is it Calculated?

Understanding your costs is vital for making informed business decisions. When it comes to owning or managing a bar, it’s likely you know just how imp...
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March 03, 2021

Your Complete Bar Inventory Management Glossary of Terms

Managing a bar is complex. It requires the ability to manage your employees, understanding of the hospitality industry, expertise in creating products...
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March 01, 2021

Restaurant inventory: How Menu Engineering Can Boost Your Profits

The menu in your restaurant is not only your most effective sales and marketing tool, it can also boost how profitable your business is when strategic...
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February 22, 2021

Your Complete Restaurant Inventory Management Glossary of Terms

Whether you’re the owner of a restaurant or the day-to-day manager, you likely got into this career for the love of creating delicious dishes and deli...
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February 08, 2021

Why Successful Bar Inventory Requires Both Tech and Expert Support

Taking bar inventory can be time-consuming and frustrating. Yet most hospitality businesses are still using inefficient and ineffective manual spreads...
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January 29, 2021

How to Manage Daily Restaurant Finances Like a Pro

The most successful restaurants all have world-class dishes, fantastic staff members, acclaimed drinks menus, and Instagram-worthy venues - all part o...
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