The Pareto Principle in Hospitality: Inventory Control

Build Systems for Forecasting, Ordering, and Prepping Inventory control can be in a way for most people a very mundane, repetitive practice that consumes most of your day and you’re left with a solemn feeling towards the end. But it will always be an asset for preventing waste and to better prep for your establishment […]

The Pareto Principle in Hospitality

How a theory that is usually applied in economics is applicable in hospitality? In 1905, an Italian economist Vilfredo Pareto introduced a very insightful development. He discovered that only 20% of Italians were responsible for 80% of the nation’s wealth. Later, he found it to be true in France, Germany, and in the Netherlands. But […]