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Calculating your businesses financial performance and utilizing the information to make decisions plays a critical role in driving your growth and increasing profitability. That being said, with so many different metrics pertaining to various parts of your business, it can feel overwhelming. Today, we’re going to discuss the basics about profitability ratios, why they are...

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We all understand that the general principle for running a profitable business is relatively simple. You need to generate more revenue than you pay out in expenses. This can be accomplished by charging the correct amount for the goods or services your business offers. However, if you own or operate a restaurant, you know first-hand...

With steady substantial efforts and numerous resources required in supply chain management, it’s imperative to leverage inventory metrics to measure and assess the performance of the company. What are Inventory Metrics? Inventory metrics indicate the manner in which a business defines itself while providing insight into the stages of stock at each operation. The purpose...