Culinary Cues

MAY 15, 2021

Four-page menus do not reflect business common sense – inventories become unmanageable, waste is much more difficult to manage, the level of expertise required of employees grows exponentially, consistency and quality are challenging, and profit is hard to predict and realize. Technology can provide ways to fill in the gaps.

Customer Experience 385

Customer Experience Cash Management Customer Service Front of House 385

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. On top of that, outdated or complicated technology can frustrate staff and invite errors when people are in a rush.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Online Ordering 148

Restaurant365

APRIL 16, 2021

Not only can it save you serious money, according to Hospitality Technology, 70% of consumers prefer to order directly from a restaurant. In-house online ordering systems capture customer data for your customer relationship management system (CRM). Why is it important to have an in-house online ordering system ? Drives More Revenue.

Online Ordering 78

Online Ordering Blog Ordering Front of House 78

ChefMod

MAY 13, 2024

AP automation solutions specifically designed for hospitality help restaurant owners optimize their purchasing process, recipe management, inventory, analytics, GL mapping, and visibility into expenses across all suppliers. What is Accounts Payable Automation? How Does AP Automation Enhance Financial Operations?

Cash Management 40

Cash Management Inventory Audits Management 40

Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. It provides your managers with the data they need to help run the business. Store-level manager accountability.

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2022 Cash Management Point of Sale Inventory 78

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

2020 151

2020 Cash Management Point of Sale 2021 151

Hot Schedules

MAY 25, 2021

Software Engineering Manager. Software Engineering Manager. Contributing to the Company’s growth and continuous improvement by taking part in different technology-wide initiatives. We are able to introduce new technologies and features in products with 10+ years of successful history. I am Fourth. Chad Marais.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

BOH 368

BOH POS Influencer Point of Sale 368

Focus POS

MAY 28, 2020

In order to operate effectively and profitably , you need to have these technologies in place: . Delivery management: Many customers are opting for delivery over curbside pickup and drive-thru. Mis -managed delivery functions can turn into a huge cost center. How can you make the most of your existing inventory?

Online Ordering 129

Online Ordering Inventory Cash Management Download 129

Focus POS

AUGUST 26, 2020

It’s more crucial now than ever to manage pour costs effectively. . Your inventory is your largest asset. Keep track of every single dollar you spend on your inventory, and make sure you always know how much of each product is on hand at all times. Here is how you can cut costs and optimize your revenue: .

Management 128

Management Management Bar Inventory 128

Restaurant365

JULY 29, 2021

Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Ultimately, managing your vendor relationships is an area of risk management. Your managers are also likely spending a lot of their limited time trying to fill gaps in staff roles.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Clover - Restaurants

MARCH 8, 2024

Assess your profitability and cash flow. Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? Another helpful tool for scalability is restaurant technology. How does technology affect restaurants? Restaurant technology can help you achieve this.

Loyalty Program 52

Loyalty Program Small Business Point of Sale POS 52

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. Are you still using a cash till? That’s an EPOS!

Cash Management 52

Cash Management Point of Sale POS Customer Service 52

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. Are you still using a cash till? That’s an EPOS!

Cash Management 52

Cash Management Point of Sale POS Mobile Ordering 52

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. Technology can help, but knowing how to get the most out of it is also important. Beyond establishing these standards you need the tools to deliver them, which is where POS technology comes in. Watch inventory.

Management 121

Management Management Franchise Franchising 121

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist.

Food 120

Food Inventory Waste Food Order 120

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Among the technology offered today is restaurant management software. . Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

Kitchen Safety 78

Kitchen Safety Social Media Point of Sale Front of House 78

Restaurant365

APRIL 23, 2020

Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Assets also include cash on hand. Cash flow statement. Liabilities.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Step 2: Streamline Accounts Payable.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

Rocket Fuel

MARCH 2, 2022

On the other hand, savvy restaurant operators have learned that technology integration and point solutions can be their best business partners. In most restaurants, a few key team members typically handle accounts payable management, and there are several processes involved, including: Receiving supplier invoices. Approving invoices.

Cash Management 98

Cash Management Operations Consumer Goods Inventory 98

Goliath Consulting

OCTOBER 19, 2020

” A detailed pro/con list of third-party vs self-delivery is found here on our previous blog (13). TECH: Social distancing and contact-free technology will be indispensable in 2021, as sanitation and safety concerns around COVID-19 remain (14).

2021 135

2021 Point of Sale Food Safety Kitchen Safety 135

Restaurant365

FEBRUARY 19, 2020

For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. In order to meet slim margins, restaurant accounting needs to meet high standards for accurate labor and inventory metrics. The restaurant industry has unique qualities and business structures.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

JULY 29, 2020

Since restaurant technology has improved the accessibility of actionable performance data , there’s never been a better time for you to make use of restaurant reporting tools to understand what your recovery may look like moving forward. Forecast Your Inventory Needs. cash, credit card, contactless). Review Past Labor Reports.

Cash Management 88

Cash Management Online Ordering Inventory Seasonal Menu 88

Restaurant365

JULY 29, 2020

Since restaurant technology has improved the accessibility of actionable performance data , there’s never been a better time for you to make use of restaurant reporting tools to understand what your recovery may look like moving forward. Forecast Your Inventory Needs. cash, credit card, contactless). Review Past Labor Reports.

Cash Management 78

Cash Management Online Ordering Inventory Seasonal Menu 78

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Hot Schedules

APRIL 20, 2019

Don’t forget the amount of time your staff spent taking inventory and prepping the ingredient! In addition to the wasted resources and food miles, you’re basically throwing cash into the trash. The right solution should fully integrate your POS with your inventory management system. Again, technology can help here.

Waste 60

Waste White Paper Cash Management Inventory 60

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important?

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

The Restaurant Times

DECEMBER 30, 2021

But not to worry, as this blog post will make things easier for you by providing step-by-step guidance to open a functional food business in the UK. A well-thought-out plan takes cognisance of various future aspects of your business, such as capital outlay, expected cash flow, payback period, etc. Invest In Technology.

Food 52

Food License Cash Management Consumer Goods 52

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Keep eye on cash flow. Always keep a close eye on your cash flow so you don’t find yourself buried under debt and unable to dig out. Technology is great and can really help you with restaurant management.

Management 40

Management Management Social Media Cash Management 40

Modern Restaurant Management

MAY 12, 2020

In this edition of MRM News Bites, read about efforts to help the restaurant industry and heroes as well as "new normal" restaurant technology and products. Contactless Order & Pay provides operators with a safe, contact-free solution for in-service experiences, helping them manage labor costs and keep their employees safe.

Mobile Ordering 116

Mobile Ordering Online Ordering Food Order Recycling 116

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52