Case Study: Lawry's The Prime Rib achieves better inventory control with Technology Management Concepts and Microsoft Dynamics GP

Lawry's The Prime Rib cuts inventory costs 2-3 points with Technology Management Concepts

Lawry's The Prime Rib, a family-owned restaurant group, needed to update its outdated financial and inventory control systems to improve oversight, reduce shrinkage, and speed up reporting. Their legacy system could not accurately track performance or vendor obligations, hindering their operational goals. To address this challenge, they partnered with vendor Technology Management Concepts to implement Microsoft Dynamics GP.

Technology Management Concepts implemented Microsoft Dynamics GP, which provided Lawry's with better inventory control and faster financial reporting. The solution included a custom feature to track high-cost items in two units of measure. The results were significant, with inventory costs reduced by 2-3 points, saving over $100,000 annually. Financial reporting time was cut from 4-5 weeks to just one week after month-end, and vendor payments were made faster.

Lawry's The Prime Rib