Designing a restaurant loss prevention strategy is a vital aspect of running a proﬁtable business. Whether you run an established chain, or an up-and-coming restaurant, ignoring preventable sources of proﬁt loss can derail the outlook of any business. This day and age, a successful restaurant LP strategy revolves around two things.
- A data-centric approach to understanding your main sources of profit loss
- A detailed action plan that breeds targeted analysis, follow-through, and communication
Whether you are implementing a new loss prevention program or looking to revamp your current LP initiatives, these 9 restaurant loss prevention tips form a baseline to help you kickstart the process.