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

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. The solution?

Retail 148

Retail Point of Sale Employee Relations Inventory 148

Restaurant365

SEPTEMBER 10, 2021

The data from inventory management can help you place more accurate orders, calculate exact food costs, make informed menu changes, and address potential sources of food waste. Use an inventory management system that integrates with your POS system. Your POS data can help streamline a large part of inventory management.

Inventory 138

Inventory Management Management Point of Sale 138

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

Restaurant365

DECEMBER 11, 2020

This way, you can take immediate action on issues like incorrect portions or food waste (explored below). 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.

2021 136

2021 Cash Management Management Management 136

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 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

Restaurant365

AUGUST 4, 2020

When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. If it’s not on your shelf, it can’t be stolen, spoiled or wasted. The key to minimizing food waste that can eat into your profits is effective restaurant inventory management.

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. The better and more streamlined your inventory control , the less food waste in your kitchen and the more money added to your bottom line.

Inventory 103

Inventory Management Management Waste 103

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

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

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

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. The better and more streamlined your inventory control , the less food waste in your kitchen and the more money added to your bottom line.

Inventory 78

Inventory Management Management Waste 78

MadMobile

AUGUST 5, 2022

In early 2022, gas prices skyrocketed. With food inflation and insecurity being at an all-time high, restaurants have a financial incentive and a duty to reduce food costs and waste. 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

OCTOBER 30, 2020

Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Restaurants carry lots of inventory that is perishable, so an investment in inventory can quickly be wasted if it isn’t managed correctly. Improper scheduling with your staffing can lead to ballooning labor costs over time.

Operations 78

Operations Management Management Inventory 78

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

Restaurant365

JULY 24, 2020

Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. POS providers Toast and Square have recently launched their own delivery services, at costs they say are lower than some of the more established delivery providers.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Touch Bistro

JUNE 22, 2021

Shouldn’t you just raise your prices to make more money? Well, according to the basics of profit margins , if you reduce your restaurant operating expenses, you can increase profit margins without the risk of scaring customers away with increased prices. So why is reducing operational costs so important? Join a Restaurant Buying Group.

Operations 52

Operations Food Supply Inventory Employee Relations 52

Restaurant365

MAY 27, 2021

It’s especially applicable to your prime cost, because restaurant food cost and labor cost fluctuate over time in relation to sales. You can also use a scheduling management system to track employees clocking in early or clocking out late or set up limits on clock in/out times. Track Invoices for Pricing Errors.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

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. Over time, smart suggestive ordering, based on sales reporting forecasts and par level inventory, can reduce over-ordering and food waste. Optimizing your labor costs.

Management 97

Management Management Point of Sale Inventory 97

The Restaurant Times

AUGUST 10, 2020

With consumption reports, restaurateurs can track the precise levels of stock that come in, check for wastage, monitor the quantities utilized and the price at which inventory was purchased and analyze the reasons why inventory was returned to the base kitchen or the vendors if any. Waste Sheets. Variance Report .

Inventory 52

Inventory Operations Waste Uniforms 52

Modern Restaurant Management

JANUARY 12, 2022

This edition of MRM Research Roundup features evolving guest relationships, views on restauarant tech, employee desires and wedding trends. CGA’s BeverageTrak solution combines powerful datasets to provide an ultra-granular view of how brands and categories are being consumed, when and at what price. Key Takeaways. out of 5.

2022 209

2022 Mobile Ordering Guest Recovery Point of Sale 209

Restaurant365

OCTOBER 23, 2019

COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). It’s important to note that COGS doesn’t include one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Aaron Allen & Associates

OCTOBER 4, 2022

per hour (as of July 2022) — an increase in labor cost of 33% in the last five years Much of the restaurant employment is part time, with employees working an average 25.5 Some questions to ask when beginning to set the baselines include: What are sales per employee? What are employee turnover and retention rates? In the U.S.,

Point of Sale 98

Point of Sale Employee Relations 2022 Mobile Ordering 98

The Restaurant Times

AUGUST 5, 2022

In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. You can also regulate the price of your menu items once you know exactly how much each meal has cost in preparation. Labor costs also include payroll taxes and employee benefits.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. For restaurant expenses and a wide range of other related issues, restaurant owners focus on three primary key metrics: .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. You may also focus building a relationship with vendors, which may enable you to negotiate better contract prices. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

BNG Point of Sale

SEPTEMBER 7, 2021

In total, 35 percent of sales come from beer selection and ale, another 35 percent from distilled spirits, and 10 percent from wine drink prices and other beverage items. And liquor prices are the main reason for this. Make sure your staff is not wasting stock unnecessarily. . Buy as much as you can on the internet.

Bar 52

Bar Point of Sale Retail 2013 52

Lavu

JANUARY 21, 2020

If you are running a restaurant, you need to have a way of accounting for the salaries paid to the employees, recording transactions, reporting total sales, and analyzing your restaurant. When the accounting function has been integrated with a restaurant POS system , the process is fully automated. Help in Pricing Your Menu Items.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

The Restaurant Times

MAY 31, 2021

No doubt, maintaining the quality and setting reasonable prices in the market also matters. The higher the crime rate, the higher the price to secure the bakery against them. Experienced employees are an asset to any business, and thus indispensable for its success. Competition. Labor Availability.

Point of Sale 69

Point of Sale Cash Management Customer Service Employee Relations 69

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Reduce Food Waste Once you have reduced the costs of your ingredients, it's time to ensure that almost none of it goes into the trash. Shifts in the real estate market can raise rent.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Lavu

JANUARY 21, 2020

When integrated into a restaurant POS system , the software automates the collection, organization, and reporting of financial data. This means that you can use your accounting software alongside the POS system to keep a close eye on your financial performance at any time.

POS 78

POS Small Business Point of Sale Customer Service 78

7 Shifts

SEPTEMBER 19, 2019

As a restaurant manager, your job is to juggle several responsibilities—from managing employees and controlling costs to creating staff schedules and boosting revenue. 7 Core Restaurant Management Responsibilities Staffing : Hire, fire, train, and manage employees. But restaurant management is the glue that holds it all together.

Management 284

Management Management 2019 Employee Relations 284

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Reduce Food Waste Once you have reduced the costs of your ingredients, it's time to ensure that almost none of it goes into the trash. Shifts in the real estate market can raise rent.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Restaurant365

JANUARY 4, 2022

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% Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste.

Inventory 15

Inventory Management Management Food 15

Apicbase

FEBRUARY 29, 2024

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. Although revenue went up (thanks to higher prices), profits went down due to high food costs and debt.

2024 52

2024 Operations 2023 Loyalty Program 52

Margin Edge

OCTOBER 19, 2021

Wasting food in and of itself isn’t a cardinal sin (unless you ask our mothers), but the degree of variance between what you use and what you sell can get you in trouble with your bottom line. If you are already a MarginEdge user, scroll down to the section on how to calculate waste with [me].

Waste 75

Waste Food Inventory POS 75

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. The franchise owner or manager can use the app to build workflows, list and assign tasks, set and check compliance parameters, and keep the frontline employees updated in real time.

Food Safety 198

Food Safety Mobile Ordering Online Ordering Kitchen Safety 198