Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

Inventory 78

Inventory Management Management Food 78

Restaurant365

JULY 9, 2020

Restaurant inventory management is the process of monitoring the food and beverage ingredients in your restaurant. Monitoring your inventory documents what food and beverage product is coming into your restaurant, what is leaving your restaurant as product sold, and what remains on your shelves and refrigerator. Sitting Inventory.

Inventory 78

Inventory Management Management Food Supply 78

Xtra Chef

DECEMBER 2, 2020

Restaurant inventory management with Excel takes too time and can lose you money. Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits. Here’s a better solution.

Inventory 91

Inventory Management Management Cash Management 91

7 Shifts

JANUARY 10, 2024

RMSes vary widely in terms of features and functions, but most include point of sale (POS), inventory management, staff management, payroll, employee scheduling, and more. These systems offer a unified solution for sales, inventory, and customer management. Corey Ginsburg (writing for Noble Desktop) explains : “Restaurant analytics.

Management 195

Management Management Point of Sale POS 195

7 Shifts

JANUARY 10, 2024

RMSes vary widely in terms of features and functions, but most include point of sale (POS), inventory management, staff management, payroll, employee scheduling, and more. These systems offer a unified solution for sales, inventory, and customer management. Corey Ginsburg (writing for Noble Desktop) explains : “Restaurant analytics.

Management 195

Management Management Point of Sale POS 195

Lavu

FEBRUARY 14, 2024

A state-of-the-art restaurant POS System, specifically tailored for bars and restaurants, streamlines transactions, inventory management, and customer service, ensuring that business owners can focus on what they do best—serving their patrons. That’s why inventory management is one of the most important features of a good bar POS system.

POS 164

POS Bar Point of Sale Front of House 164

Restaurant365

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. Understanding how to master restaurant inventory management is an invaluable skill. Your inventory control tracks what is coming in and out of your restaurant and what is left over during a certain period of time.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

AUGUST 4, 2020

You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

OCTOBER 16, 2019

When most restaurant owners think about how to manage restaurant inventory, they think of food cost control. For restaurant owners, inventory control is closely related to accounting and food cost management. The nuts and bolts of restaurant inventory management. Inventory tracking also includes product transfers between stores.

Inventory 113

Inventory Management Management POS 113

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. But having too little inventory makes it difficult to meet customer demand. Part 2: Why Inventory Management Matters.

Inventory 78

Inventory Management Management Cash Management 78

Xtra Chef

JUNE 25, 2019

Today, we announced that xtraCHEF has reinvented restaurant inventory management software. I wanted to share some thoughts on why we built an Inventory Management product and how our offering is different than any other product available in the market today. Why Build Another Restaurant Inventory Management Software.

Inventory 60

Inventory Management Management Demo 60

Apicbase

JULY 20, 2023

Tight inventory management is crucial to the profitability of any restaurant business, but it’s especially important for multi-outlet businesses, where mistakes and small discrepancies are multiplied many times over. But when you have reliable inventory information and PAR levels figured out, you can send purchase orders with confidence.

Inventory 40

Inventory Food Safety Cash Management Waste 40

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

Lavu

DECEMBER 20, 2019

Catered specifically to those in the restaurant industry as well as to emerging small businesses, Sourcery has the specialized ordering and inventory receipt capabilities that Bill.com lacks. Bill.com Reviews and Pricing. Pricing plans range from $29 to $59 per month per user, with the latter their most popular plan. Some users.

Pricing 78

Pricing Online Ordering Customer Service Small Business 78

Apicbase

JUNE 2, 2022

Shaving a percentage point off food costs here… eking out a few extra pennies by tightening up inventory procedures… stomping out waste. But… there’s another side to the restaurant profitability equation — menu pricing. What is menu pricing? Menu pricing is the process of assigning a sales price to your menu items.

Pricing 52

Pricing Menu Operations Demo 52

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

Apicbase

MAY 8, 2024

Finally, we will explore the best alternatives to MarketMan, helping you decide which restaurant inventory management platform aligns best with your needs. Inventory management: MarketMan tracks inventory and reports on stock counts and total value. MarketMan tracks ingredient prices to help optimise menu prices.

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Restaurant365

NOVEMBER 12, 2021

Your restaurant’s menu engineering strategy impacts your menu mix, pricing, and your overall profitability. You can use this information to make changes such as promoting your most profitable items or making ingredient or pricing adjustments that increase individual item profitability. Menu Price Analysis. Menu Item Analysis.

Menu 143

Menu Operations Point of Sale POS 143

Restaurant365

OCTOBER 29, 2021

You can use back-office restaurant technology to support a positive guest experience in areas such as payment, inventory and food costs, and staff scheduling. Tight inventory control ensures menu item availability. With tight inventory control, your team can accurately track inventory and use that data strategically.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

Restaurant365

MAY 20, 2020

Now, more than ever, is the time to optimize food costs by limiting your menu options, creating contract prices with your vendors, and tightening the way you handle your inventory. For items that are in between, such as bargain food items, raise the price of each item to determine if that item should be a keeper or not.

Inventory 148

Inventory Food Order Customer Experience Waste 148

Lavu

DECEMBER 12, 2022

Practice Inventory Management Consistent restaurant inventory management can solve many cash flow problems. This area is often overlooked by new restaurant owners and managers because it’s pedantic and dull, so it’s no wonder that sporadic inventory-taking is one of the most common reasons restaurants fail.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

JANUARY 18, 2022

Pre-consumer waste is all food that’s wasted before it gets to the customer, like spoiled inventory and kitchen scraps. Food waste reduction requires some additional work to properly store, monitor, and use inventory ingredients, so employees must be fully invested in the process. Monitor inventory days on hand. Reduce spoilage.

Waste 147

Waste Compost Food Consumer Goods 147

Xtra Chef

JULY 15, 2020

Plus, the prices of ingredients are fluctuating frequently due to supply chain and logistical challenges. Although many restaurants calculate plate cost when an item is added to a menu, it only captures the cost of that plate at a specific point in time, ignoring dynamic changes in ingredient pricing.

Management 91

Management Management Food Inventory 91

Xtra Chef

JANUARY 21, 2021

We all know that tracking food costs is a must, allowing you to quickly identify supplier price changes, maintain accurate prime costs, and identify cost trends to make better business decisions. The most recent ingredient prices for accurate recipe costs. Take inventory counts . It assumes zero breakage, shrinkage, or wastage.

Food 106

Food Waste Inventory Demo 106

Restaurant365

MARCH 23, 2022

Closely manage your inventory. Restaurant inventory management monitors what ingredients come into your restaurant, what is leaving, and what is left over. Inventory tracking is an essential restaurant task—with more efficient food, beverage, and supply orders, you are saving money and adding to your bottom line.

Food 78

Food Waste Inventory Food Order 78

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. The easy reporting in Restaurant365 allowed Mr. Steinbach to quickly pull food costs and cross-examine menu prices. Schedule a Demo Schedule My R365 Demo.

Demo 148

Demo Point of Sale Cash Management Waste 148

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

Restaurant365

FEBRUARY 25, 2022

Pay attention to menu costing and pricing. The factors that influence menu pricing are the price you paid for the food as well as delivery fees, interest, and other charges related to purchasing. Gross Profit Per Item = Price – Menu Item Cost. Let’s use the same example above for a menu pricing example. to produce.

2022 148

2022 Menu Seasonal Menu Pricing 148

Xtra Chef

JULY 6, 2020

Once you’ve set a date range, the report will generate sales data for you to see exactly how many of each item was sold, the list price of that item, and the price at which that item was actually sold, along with gross and net margin percentages. Get an Inventory Summary Report to analyze opening and closing numbers.

Inventory 126

Inventory Customer Experience Back of House Social Media 126

Restaurant365

JANUARY 25, 2022

There is no visibility into line-item details such as units of measure and price fluctuations, or into invoice and payment data. Vendor Price Tracking. With AP automation, your team can track price fluctuation, automating contract price verification to hold vendors accountable. Enables Contract Price Verification.

Front of House 147

Front of House Back of House Audits Pricing 147

Mad Mobile

MARCH 8, 2024

Sales, inventory, and staffing can all be managed and analyzed with the options offered by your provider. Data should be able to migrate from your accounting, inventory, staffing, and delivery platforms without a hitch. Pricing Because most iPad restaurant POS systems are cloud-based, they operate on a monthly subscription basis.

POS 40

POS 2024 Mobile Ordering Loyalty Program 40

ChefMod

MARCH 16, 2024

Tie it Back to Inventory, Ordering, Business Analytics, and EzRecipe Our system also reconciles each purchase with your inventory list, providing invaluable insights into pricing across your supplier network and identifying alternative products to give you more choices and control.

Management 52

Management Management Mobile Ordering Demo 52

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. Take a Leadership Role in Menu Pricing.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

APRIL 29, 2022

Sure, margaritas are the perfect drink for Cinco de Mayo, but why limit yourself when there are simple recipes that are quick to make and most likely use inventory you already have on-hand. How to price your tequila cocktails. Fluctuating quantities and recipes can make controlling inventory difficult. Simple tequila cocktails.

Bar 78

Bar Menu Inventory Cash Management 78

Restaurant365

JANUARY 21, 2021

Not only can your food cost help you better understand your restaurant group’s budget, but it can also drive your menu pricing and inventory control at all your locations. Then, you can compare your theoretical to your actual food cost, which is the food cost given your real-time sales and inventory levels.

Food 78

Food Inventory Point of Sale Waste 78

Restaurant365

NOVEMBER 19, 2020

Everything from inventory management to recipe costing plays a role in controlling your cost of goods sold (CoGS). While you may have already implemented some techniques, like inventory management, there is an almost infinite level of detail you can dive into to refine your food costs. Regularly schedule for inventory checks.

Food 78

Food Point of Sale Inventory Waste 78

Apicbase

MARCH 28, 2024

The F&B director works with the order forms, the COO analyses the profit and loss statements, the inventory manager checks the stock counts, the executive chef works in the recipes database and so on. All come with their own data sets and metrics – food cost, inventory variance, sales numbers, the list goes on.

Management 52

Management Management Point of Sale Kitchen Safety 52