While profitability is always top-of-mind for any restaurant owner, a lot goes into achieving both high profits and consistent and long-term profits.
There are three major management aspects that, when left unoptimized, would continuously pull your restaurant away from achieving its maximum profit potential.
And they’re your restaurant’s energy, equipment, and inventory management systems.
Not having a consistent energy management system means your restaurant could consume more power than it should throughout its operating hours.
Without a clear and reliable way to monitor the temperature around your restaurant, your HVAC and refrigeration units could be burning a hole through your wallet, keeping everything comfortable for your customers.
This management issue is also connected with another aspect of your restaurant, as the power you consume is tied to the state of your equipment.
Refrigeration units are a crucial component of any food service business. However, if they’re not maintained regularly, they can be the source of many financial headaches.
The healthy functioning of your refrigeration units heavily relies on the state of their crucial components. Once compromised, these components will increase your energy bills over time right under your nose.
For instance:
The compressor is vital for generating cold air within your refrigerator. It links to coils outside the fridge that facilitate heat exchange. At the end of this pipe system is an expansion valve where a refrigerant is released as a fine mist.
Should the coils or expansion valve become obstructed, the compressor will operate continuously—consuming excessive energy. All while being unable to deliver any cool air to the refrigerator compartment.
And that’s just one component failing. Usually, you would only need to replace the faulty component. The worst case scenario is that you’d have to replace the whole refrigeration unit—either way, big expenses for you.
Energy bills aren’t the only things faulty refrigeration components raise. They also raise the food safety risks concerning your perishable inventory storage.
Whether you’re a small start-up restaurant or an established multi-location restaurant, the challenge that never changes across the food service industry is maintaining the quality (and safety) of your perishable inventory.
Your expensive high-quality ingredients are just as expensive thrown away as they were bought. The restaurant industry loses $162 billion annually in food waste. To put that into perspective: 10% of food you purchase won’t even make it to your customers’ plates due to common inventory loss events.
With a lack of temperature and humidity monitoring systems, you won’t be able to catch early signs of equipment breakdown. Once you do notice any faulty refrigeration components, it may already be too late for your perishable inventory.
This trinity of restaurant management risks feed into each other, slowly eating away at your restaurant’s lifeblood. So, what can you do to address these management issues?
2024 is just around the corner, making it a great time to start developing your restaurant’s strategies for a more profitable and sustainable year ahead.
Based on this year’s trends, restaurants are shaping their operations more according to what today’s customers look for in a modern restaurant and operation efficiency.
And it just so happens that these sustainability trends benefit the customers and improve a restaurant’s bottom line.
Here’s a breakdown of tips you can consider for your restaurant’s 2024 sustainability plans:
Lessen the burden on yourself and your staff by employing the marvel of modernity: smart technology.
A lot goes into creating a more efficient restaurant operation. These strategies would involve routine operations and proactive measures to ensure everything runs smoothly with as little waste as possible.
While you lose some food before it reaches your customers, diners would leave restaurants with 17% of their meals uneaten. This is due to over-portioning, where restaurants tend to serve 2 to 3x the recommended serving size—leading to more food waste.
Restaurant sustainability is a team effort. You’ll need to train and educate your restaurant staff to follow sustainability standards consistently, as this is a continuous process.
Going back to energy, equipment, and inventory management, we believe you can implement a starting solution to address all three simultaneously. Smart temperature and humidity monitoring technology can help mitigate risks from all three.
With the right monitoring system, you’ll be alerted to the earliest signs of equipment breakdown—giving you ample time to conduct preventive maintenance.
Implementing more proactive measures will encourage fewer equipment failures. Well-maintained equipment would then lessen the risk of food spoilage and keep energy consumption from running rampant.
So, what’s our top recommendation for your 2024 sustainability plans? Start with monitoring for smarter optimization. Try the Therma° Monitoring solution now.