Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

FEBRUARY 22, 2022

Similarly, analyzing your operations data and making critical business decisions regarding labor and inventory can improve operational efficiency. Accurate restaurant inventory management is the key to reducing food waste, and inventory is informed by your restaurant data. Reduce Food Loss. Improve Margins on Menu Items.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Lavu

DECEMBER 12, 2022

What can be done to build business savings relates to your ability to spend business funds wisely. Practice Inventory Management Consistent restaurant inventory management can solve many cash flow problems. Every successful restaurant manager will tell you that routine inventory control has been a reason for their success.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

DECEMBER 16, 2021

Food-related operational reports. Taken together, this food-related operational reporting can have a major impact on your CoGS. As your restaurant consistently cycles through inventory, you are generating a ton of useful data. Reviewing your menu items, both for recipes and pricing, shouldn’t be a shot in the dark.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Restaurant365

DECEMBER 11, 2020

Your suppliers may have experienced fluctuations in prices for ingredients in 2020. Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. First, price every ingredient you purchase, using accurate supplier data. Make data-driven labor decisions.

2021 136

2021 Cash Management Management Management 136

Hot Schedules

SEPTEMBER 14, 2020

A successful return to business will require the implementation of intensive new cleaning and safety programs for the protection of guests and employees while balancing the cost to your business. As with any extreme situation that creates unprecedented demand, bad actors rise up and price gouging begins. Related Posts.

Hospitality 78

Hospitality Management Management Employee Relations 78

Restaurant365

JULY 24, 2020

Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Factor Delivery Costs into Your Ghost Kitchen Menu Prices. Include a portion of the delivery costs in your food prices to ensure your ghost kitchen makes a profit.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

DECEMBER 20, 2021

From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers. From there, operations can drill down into the variance by category or individual inventory item to find the root of the gap. Working with operations to set ideal labor productivity goals.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

Operations 78

Operations Management Management Inventory 78

Restaurant365

JUNE 24, 2020

One cause for rising CoGS might be because your suppliers have increased prices on your ingredients. If a particular ingredient has gone up in price, you may want to. seek a different supplier, try negotiating a lower contract price with your current supplier. With the right tools, you can save time by automating this process.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Hot Schedules

FEBRUARY 3, 2021

Consider tactics like changing some ingredients or lowering the price to see the impact. Can you have a conversation with your supply chain to help adjust product volume and price point? What impact does a selling price change on individual dishes and guest perception? Related Posts. Swap out or adjust products?

Menu 88

Menu Seasonal Menu Food Supply Point of Sale 88

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. In a food-focused model, things move slower, and the diner’s experience is the most important thing.  The best POS for your bar allows you to run open tabs, split checks, and track your inventory.

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

AUGUST 25, 2020

Too much inventory. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. it’s a good time to start trimming fat from inventory. High labor to sales ratio.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Lavu

DECEMBER 12, 2022

For example, an iPad point-of-sale system can track employee shifts and schedule like a legacy point-of-sale system, but also allow those schedules to be updated from multiple terminals and locations in real-time. Request a demo of Lavu’s iPad POS system. Request a demo of Lavu’s iPad POS system.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

MAY 27, 2021

Forecast your labor and inventory. Essentially, forecasting is calculating the inventory and labor you will need for your restaurant during certain periods. It’s especially applicable to your prime cost, because restaurant food cost and labor cost fluctuate over time in relation to sales. Track Invoices for Pricing Errors.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Restaurant365

FEBRUARY 24, 2021

it is difficult to take advantage of advanced restaurant management tools such as inventory or sales forecasting to continue growing your business. The restaurant industry faces unique challenges, from a highly perishable inventory to management of hourly employee payroll. Are intercompany entries automated?

Inventory 78

Inventory Point of Sale POS Franchise 78

Restaurant365

MAY 14, 2021

As a store-level restaurant manager, you’re used to managing your inventory. You consistently track what’s going in and out of your kitchen so that you can better understand how your inventory is moving and where you can make improvements. Ask for a free demo of Restaurant365 today. Chart of Accounts.

Management 78

Management Management Point of Sale Inventory 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. Logistics challenges and labor shortages have fueled rising wholesale food prices. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of prices at the wholesale level, up 9.6% from a year ago.

Inventory 15

Inventory Management Management Food 15

Apicbase

SEPTEMBER 16, 2022

How do they relate to each other? On the back-of-house side of things, we have inventory, purchasing, and menu profitability reports. Restaurant analytics software combines multiple data sets — sales, staffing, inventory, and others — to dive deeper into the questions raised by canned reports… and to answer those big whys.

POS 52

POS Operations Back of House FOH 52

Xtra Chef

DECEMBER 11, 2019

The purpose is to help teams to better understand how accounting relates to the business of running a successful restaurant. Whether it’s pooling, mandatory or not, split, or tips by paycheck vs. cash tips—it can be tricky keeping your employees happy while maintaining an accurate balance sheet and payroll taxes. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc. Your concession owners are not your employees. The solution.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Apicbase

APRIL 5, 2022

In addition, Four Gals provides a complete support package that includes extensive training, marketing and public relations support, advice on pricing, and real-estate know-how. Franchisees are more committed and loyal to your business than regular employees. Schedule a demo. 5 They’ll enjoy collective buying power.

Franchise 52

Franchise Franchising Food License 52

Modern Restaurant Management

AUGUST 5, 2020

Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond. Delightree app can also streamline employee onboarding. ” Onosys and ItsaCheckmate Partner.

Food Safety 203

Food Safety Mobile Ordering Online Ordering Kitchen Safety 203

Restaurant365

NOVEMBER 21, 2019

“We were using an accounting system called Peachtree, and it was so obvious that it wasn’t made for the restaurant industry — even customizing the reports so that food costs were related to food sales was impossible,” he recalled. The solution offers not just accounting but inventory management and scheduling as well.

Food 15

Food Demo Point of Sale Pricing 15