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Optimizing Restaurant Operations with COGS-Well's Bill Lindsey: From Cost Management to Menu Engineering
In this episode of the Restaurant Technology Guides podcast, host Jeremy interviews industry veteran Bill Lindsey, founder of COGS-Well, a company specializing in cost of goods sold software for restaurants. Bill shares insights from his long career in the restaurant industry, which began in 1974 as a restaurant manager and evolved into developing restaurant management software. The discussion covers the basics of back office systems, the importance of managing cost of goods and labor, and strategies for improving profitability, such as menu engineering, waste reduction, and leveraging AI for inventory management. Bill also highlights the unique features and methodologies of COGS-Well, designed to set up inventory systems quickly and efficiently while maintaining high data quality through auditing teams. Additionally, the episode emphasizes the importance of partnering with vendors, leveraging rebates, and making data-driven decisions. For more information and a demo of COGS-Well's solutions, listeners are encouraged to visit their website and dedicated landing page. 00:00 Introduction and Welcome 00:25 Meet Bill Lindsey: Industry Veteran 01:44 Understanding Back Office Systems 03:16 Labor and Food Costs: A Balancing Act 07:09 Impact of Tariffs and Volatility on Food Costs 13:18 Strategies for Managing Costs 26:55 Boosting Sales with Desserts and Appetizers 28:06 Leveraging Rebate Programs for Extra Income 30:58 Reducing Waste with AI and Donations 35:38 Introduction to Cogswell's Unique Approach 37:00 Setting Up and Managing Inventory Efficiently 44:01 Optimizing Menu and Labor Costs 52:03 The Importance of Partnering and Data-Driven Decisions
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