Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

Modern Restaurant Management

JANUARY 31, 2024

Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. But what we’ve found is that operators have been leaning on menu price hikes to cover their expenses for more than two years now, and they’ve finally reached the limits of what consumers are willing to pay.

2024 203

2024 Online Ordering Website Management 2023 203

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Accessibility.

License 459

License Hiring Equipment Point of Sale 459

7 Shifts

AUGUST 20, 2020

If you’re one of the one in four restaurateurs who only uses a POS system, you may want to consider expanding your tech stack. Make sure that the products you choose integrate with your POS for maximum impact! Benefits: Online ordering platforms that integrate with your POS can send orders from your website to your kitchen.

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

7 Shifts

AUGUST 26, 2019

"Restaurant revenue management is defined as selling the right seat to the right customer at the right price and for the right dura­tion."— Kimes It involves using tools-like your POS-to analyze sales data so you can accurately predict future demand. Unhappy customers because employees are likely making more mistakes than usual.

Management 408

Management Management Airlines Customer Service 408

7 Shifts

AUGUST 2, 2023

Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both. For example, 7shifts' Tip Payouts is particularly helpful due to its integration with Tip Pooling and POS systems.

Tip Distribution 195

Tip Distribution Cash Management Employee Relations Audits 195

Modern Restaurant Management

DECEMBER 21, 2023

This may make sense in terms of distributor strategy, but BrewLogix is raising a cautionary flag for 2024 as it relates to the on-premise product mix. As it relates to technology, there’s no question more and more tap rooms, bars and restaurants are embracing technology. That may not be true.

2023 123

2023 2024 Insurance Employee Relations 123

Hot Schedules

JULY 26, 2021

Managers need to understand which employees have scheduled overtime as well as the extra associated costs for each day and week. Managers need to review actual employee hours plus how much is scheduled, then the date and time that the overtime could potentially start. Understaffing can lead to employee burnout. Related Posts.

Retail 148

Retail Point of Sale Employee Relations Inventory 148

Cheetah

DECEMBER 2, 2021

Review these top 5 tip pooling platforms to find the best one for your restaurant and POS system. Toast - Tipping within Your POS. Toast is one of the major players on the restaurant POS scene. It therefore provides a payroll and tipping functionality too as an add-on to the mid-level POS monthly membership.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Cheetah

DECEMBER 1, 2021

Review these top 5 tip pooling platforms to find the best one for your restaurant and POS system. Toast - Tipping within Your POS. Toast is one of the major players on the restaurant POS scene. It therefore provides a payroll and tipping functionality too as an add-on to the mid-level POS monthly membership.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Modern Restaurant Management

DECEMBER 21, 2022

We will continue to evaluate tech solutions and find what best enhances the Fogo experience for both our guests and employees. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. Don’t be afraid to increase price.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

7 Shifts

FEBRUARY 26, 2021

Here are the things you should consider: Things to Consider When Choosing an Online Ordering Platform Does it integrate with my Point of Sale (POS) Will I need to add another tablet to my front of house setup? 7shifts' data has seen a 243% growth in delivery-related roles (i.e. Does it integrate with my restaurant’s website?

Online Ordering 341

Online Ordering Ordering Customer Service Food Order 341

Restaurant365

MAY 17, 2022

The most important part of inventory management is understanding how the amount of product relates to your profit margin. Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs.

Inventory 78

Inventory Management Management Food 78

Touch Bistro

AUGUST 11, 2021

hour for businesses with 4 or more employees. hour for businesses with 25 or fewer employees and $14.00 for businesses with 26 or more employees (several cities also have their own minimum wage laws). hour for businesses with 25 or fewer employees and $15.00/hour hour for employees not covered under FLSA).

2021 98

2021 Restaurant Law 2022 Seasonal Menu 98

BNG Point of Sale

DECEMBER 6, 2021

S ometimes they are also referred to as cash registers or POS systems. It takes only seconds for someone with appropriate access privileges to update information on items, including prices, quantities available, or even how many times something has been ordered by customers (a great way of tracking trends). . How Do They Work?

Point of Sale 52

Point of Sale POS Employee Relations Cash Management 52

Restaurant365

SEPTEMBER 10, 2021

Use an inventory management system that integrates with your POS system. If your restaurant inventory management system is fully integrated with your point of sale (POS) system, you can streamline and automate as much of the inventory process as possible. Your POS data can help streamline a large part of inventory management.

Inventory 138

Inventory Management Management Point of Sale 138

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. Menu costing doesn’t have to be a time consuming and costly process.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 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

Ken Burgin

JULY 9, 2022

Considering how profitable they can be, this needs to be fixed immediately – it’s usually the result of unattractive appearance, poor sales skills, the wrong menu placement, or prices that are too high relative to main course items. Eg if main meals are $25, don’t price desserts at more than $12.

Social Media 88

Social Media Employee Relations Coaching Pricing 88

The Restaurant Times

MARCH 6, 2023

This data should be easily accessible from your restaurant’s point-of-sale (POS) system. This is because your net profit margin accounts for all restaurant-related costs, not just those related to food preparation and service. If this percentage exceeds 28-35%, you are underpricing those items and should increase your prices.

Food Truck 52

Food Truck Point of Sale Employee Relations Equipment 52

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. What Are Overhead Costs And Expenses? . Salaries . Property taxes .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

7 Shifts

FEBRUARY 4, 2021

Book found herself texting pictures of the staff schedule to employees day-in and day-out. “I From the simple schedule builder, to shifts published right to an employees’ mobile device, Book was able to save valuable time to get back into other aspects of shop management. “[Now], was a pain. We were using MICROS pre-COVID.

Operations 370

Operations Book Communication Small Business 370

The Rail

JANUARY 19, 2023

Electric Vehicle Fleets Many restaurants have a fleet of vehicles for deliveries, marketing purposes, and other restaurant-related business. Aside from high gas prices, gas-powered vehicles pollute the Earth with dangerous greenhouse gasses that cause global warming.

Social Media 59

Social Media Fast Casual Fine Dining Food 59

The Restaurant Times

FEBRUARY 28, 2023

Restaurant owners have a wealth of data, from employee records, distribution network logistics, self-service kiosks, and e-commerce figures to social networking reviews. Modern POS systems, for instance, can show you metrics like the frequency of requests for extra ingredients. That is where big data analysis is advantageous.

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

Lavu

DECEMBER 12, 2022

List all the cash that’s going out each week and each month, including: Rent, loans, or mortgage payments Food and drink ingredients Labor costs Supplies An essential tool for monitoring cash coming in and out of your business is a point-of-sale (POS) system. Using your restaurant POS, you can predict your sales and revenue for the year.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

AUGUST 4, 2020

Restaurant inventory management software can help you track your inventory to spot and minimize food waste, and it can also help you keep tabs on vendor pricing changes. Set up your POS to track restaurant inventory. Use an inventory management system that integrates with your POS system for recipe costing and menu engineering.

Inventory 78

Inventory Management Management Cash Management 78

SpotOn

MAY 20, 2024

Operators have to navigate the complex world of tip pool options, service charges, and minimum wages and ensure their employees are motivated and paid well, all while striving for profitability. It also doesn't take into account circumstances where employees go above and beyond to create a memorable experience.

Definition 52

Definition Tip Distribution Cash Management Customer Service 52

The Restaurant Times

MARCH 10, 2022

Possessing multiple professional and interpersonal skills, a restaurant manager is the leader of the team of employees at the restaurant. Menu & Pricing . The menu can also change seasonally to reflect the fresh produce or any change in the pricing strategy. Tips To Streamline Restaurant Manager Duties In The UAE.

Management 52

Management Management Cash Management Employee Relations 52

EATER

JULY 13, 2021

She had already undertaken the process of transitioning her restaurant to a co-operative, employee-owned model, and had enlisted the nonprofits Project Equity and Sustainable Economies Law Center to explore options. So we are being diligent and thoughtful about a model that works for us and our employees.”. Spicy kishek: $0.38

Employee Relations 98

Employee Relations Delivery Food Order Restaurant Law 98

Lavu

JANUARY 21, 2020

This includes the pay made to both hourly wages and salaried workers, employee benefits, and taxes. Anything in a restaurant classified as labor-related is considered when calculating restaurant labor cost percentage. The average price per guest in your restaurant may be $12. Cross-train your employees. Go paperless.

Employee Relations 78

Employee Relations Point of Sale Fast Casual Hiring 78

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Restaurant finance and accounting teams can also help operations examine food ingredient prices and relationships with suppliers.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

MARCH 10, 2020

Set up your POS to Track Restaurant Inventory. The first step to setting up your inventory system is to ensure your that your point-of-sale (POS) system is completely integrated with your restaurant management software. Inventory-related tasks, from counting to organizing, should be part of your restaurant’s training program.

Inventory 103

Inventory Management Management Waste 103

MadMobile

AUGUST 5, 2022

In early 2022, gas prices skyrocketed. See how your employees interact with them, observe when and why they are being thrown away, and look for ways to reduce your waste surrounding these items. Educate Your Employees & Label Everything You must teach employees the values of eliminating food waste.

Food 52

Food Mobile Ordering Inventory Food Supply 52

Restaurant365

DECEMBER 2, 2019

managing employees. Other inventory management tasks such as automatic inventory tracking via point of sale system (POS) integration can also be automated. Restaurant employee scheduling software , as part of your restaurant management system, can help you optimize your labor cost, one of your biggest business expenses.

Management 97

Management Management Point of Sale Inventory 97

Lavu

NOVEMBER 8, 2019

If you have a restaurant POS , you already have a healthy support system that you should be utilizing. See the six ways to control your COGS here , and if you find out that the menu prices aren’t right, learn how to price your menu in three steps. 5 Concepts of Restaurant Accounting. Cost of Goods Sold. Commissions.

Management 85

Management Management Food Truck Cash Management 85

Qu

MARCH 31, 2023

But between third-party delivery integration headaches, order fulfillment complications, and inconsistent customer experiences across channels, fast casual and quick-service restaurants (QSRs) are now faced with many technology-related inefficiencies. But there’s good news, too. AI and ML improve the efficiency of many operations.

2023 52

2023 Fast Casual Point of Sale Employee Relations 52

Restaurant365

MARCH 10, 2020

Set up your POS to Track Restaurant Inventory. The first step to setting up your inventory system is to ensure your that your point-of-sale (POS) system is completely integrated with your restaurant management software. Inventory-related tasks, from counting to organizing, should be part of your restaurant’s training program.

Inventory 78

Inventory Management Management Waste 78