7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

Operations 353

Operations Management Management Mobile Ordering 353

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. The POS system doesn’t do analysis. That’s great.

Inventory 78

Inventory Management Management Food 78

Lavu

APRIL 13, 2020

Waste production is going up as business owners around the world swap their waste reduction initiatives out with ways to prevent the spread of COVID-19. If your restaurants want to reduce waste even amidst the current crisis, there’s still plenty you can do. Donate Food Waste to Local Charities. Paperless ordering.

Waste 147

Waste Compost Point of Sale POS 147

Modern Restaurant Management

APRIL 12, 2023

Tracked from numerous sources, thoughtful analysis of this data can be the key to prioritizing needs, driving growth and so on. One of the most important sources is a restaurant’s POS system, or point-of-sale system. How can the pieces of data amassed by POS technology be used to grow an eatery’s profitability?

Point of Sale 190

Point of Sale Inventory POS Customer Service 190

Mad Mobile

FEBRUARY 26, 2024

Are you keeping a close eye on your beer, wine, & liquor inventory costs? Meanwhile, a restaurant’s bar program represents a significant source of total revenue. Because liquor, wine, and beer have such wildly varying prices, it pays to keep tight controls on ordering and inventory. Take these lessons to heart. Think again!

Inventory 40

Inventory Bar Management Management 40

7 Shifts

SEPTEMBER 1, 2022

This is because these items almost always use ingredients that are not in the standard inventory for restaurants. Therefore, there might be a learning curve for those who are in charge of ordering inventory. In addition to being on top of inventory, food storage is also crucial. Keeping enough inventory on hand.

Definition 360

Definition BOH FOH Front of House 360

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

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. How do you keep track of all these different shipments and ingredients to minimize food waste, ensure you are prepared for service, and optimize what you’re spending on your ingredients? Are you interested in improving how your restaurant runs inventory?

Inventory 78

Inventory Management Management Waste 78

7 Shifts

SEPTEMBER 20, 2021

The first technologies that restaurants often invest in are the cloud-based point of sale (POS) systems and payroll processing. Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Point of Sale (POS) Terminals.

Technology 370

Technology Front of House Social Media Back of House 370

7 Shifts

MAY 31, 2021

For example, kitchen managers rely on software to let them know how much expected inventory they have in stock. Inventory was ordered based on par levels, which are set based on sales forecasts, which are in turn determined by how many guests you'll serve and what they'll order. All tasks in a restaurant are interconnected.

Operations 363

Operations Inventory Hiring Customer Service 363

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. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. Much of the typical food and beverage inventory in restaurants tends to have a relatively short shelf life, making accurate inventory numbers essential to run a functioning kitchen, make economical orders, and adapt to long-term trends.

Inventory 109

Inventory Delivery Management Management 109

7 Shifts

FEBRUARY 5, 2021

The first technologies that restaurants often invest in are the cloud-based point of sale (POS) systems and payroll processing. Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it’s just the beginning. Partender 3.

Social Media 370

Social Media Front of House Back of House Point of Sale 370

The Restaurant Times

OCTOBER 21, 2020

Choosing the right bakery POS system is essential for your business to deliver the perfect customer experience. This article discusses the top bakery POS features that owners must look for while choosing a bakery management solution for their business. . Top Features That You Should Look For In A Bakery POS. Detailed Reporting.

POS 98

POS Inventory Loyalty Program Online Ordering 98

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. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Touch Bistro

MAY 10, 2021

And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.

Waste 59

Waste Food Compost Tip Distribution 59

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Connecting your financial, transaction, and restaurant inventory management systems enables you to optimize production and better control cost variance proactively. Creating a Singular Journey.

Supplies 214

Supplies Management Management Food Supply 214

Hot Schedules

APRIL 20, 2019

Five Ways to Reduce Waste. The Impact of Food Waste. US Restaurants generate between 22 and 33 billion pounds of food waste every year. All that waste adds up. The EPA estimates that food waste is the single largest category in any given landfill. First, all the resources required to produce it are wasted.

Waste 60

Waste White Paper Cash Management Inventory 60

7 Shifts

JUNE 4, 2021

Inventory turnover ratio. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. To calculate your COGs, you need the following numbers: Beginning Inventory, or the value of the inventory you start with. Ending inventory , or what you have leftover.

Point of Sale 417

Point of Sale Inventory Employee Relations Customer Service 417

7 Shifts

SEPTEMBER 16, 2021

There'll be new branding, a new staff, different inventory, and updated forecasting involved. You can reference and compare the key metrics from all of these locations like total revenue, profit margin, inventory variance, etc. Supplier Sourcing. POS System. Replicating an Existing Concept.

Management 370

Management Management Document Hiring 370

Apicbase

APRIL 18, 2024

A restaurant’s raw data includes sales numbers, inventory data, ingredient pricing, recipe quantities and units, and financial figures. Without it, managers would be faced with manually sifting through raw data from multiple sources. POS systems can tell the total sales, staff hours, and most popular dishes.

Operations 52

Operations Inventory Waste Food Order 52

Lavu

NOVEMBER 17, 2023

This involves sourcing wholesale ingredients, reducing waste, and adjusting menu prices as needed. This approach helps increase sales of high-margin items, reduce waste and inventory costs, and ultimately improve profit margins. There are various methods to enhance inventory management for maximizing profit margins: 1.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

NOVEMBER 16, 2021

Easily integrate various systems – Through APIs, multiple systems can share data and provide insights across multiple locations and POS systems quicker than ever. These insights empower you to better estimate what inventory you need to order more or less of, so you have enough of what’s needed and less of food that goes to waste.

Customer Experience 199

Customer Experience Operations Loyalty Program Front of House 199

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Analytics may combine different sources of data or offer a dynamic view on various data segments. The importance of POS integration in restaurant data collection. But merely gathering the data offers little value.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

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. It helps you track waste and theft to better control running costs.

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Apicbase

APRIL 5, 2024

Restaurants use software and smart hardware to automate everyday tasks and management duties, such as purchasing ingredients, managing inventory, making production lists, dealing with allergens, and calculating costs. Determine precise batch quantities based on actual demand, enabling more accurate food cost control and less waste.

Back of House 52

Back of House Front of House BOH Point of Sale 52

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

Apicbase

SEPTEMBER 16, 2022

Today, restaurant operators and F&B managers like you have access to many reports, primarily thanks to advanced POS systems. What data sources to consider? Some POS-side examples include sales, payment, and footfall reports. On the back-of-house side of things, we have inventory, purchasing, and menu profitability reports.

POS 52

POS Operations Back of House FOH 52

Modern Restaurant Management

FEBRUARY 3, 2022

Additional findings inlcude increased inventory costs caused the greatest financial strain for operators in 2021 with 33 percent citing it as their top expense, followed closely by rent (30 percent) and labor (30 percent). In most cases, new menu offerings involved adding takeout and delivery options.

Loyalty Program 184

Loyalty Program Online Ordering Cash Management Point of Sale 184

The Restaurant Times

JANUARY 13, 2022

A survey conducted by Too Good To Go indicates that more than 1/3rd of the bakery output in the UK ends up being wasted. This is where it is recommended to start a waste-free bakery. Research by Too Good To Go states that around 50% of the UK bakeries have a documented plan in place to reduce food waste. Source: Pinterest.

Waste 52

Waste Kitchen Safety Equipment Social Media 52

Restaurant365

SEPTEMBER 17, 2019

Knowing how to manage restaurant inventory is essential for a healthy business, no matter if you have one location or several. Your sitting inventory (in product or dollars) is one of the main factors influencing your food cost and your bottom line. So, how do you to manage restaurant inventory accurately and efficiently?

Inventory 60

Inventory Mobile Ordering Food Supply Point of Sale 60

Margin Edge

MAY 7, 2021

Keeping tabs on your ingredient usage, in turn, is difficult without control of your inventory. Simplify Your Inventories: Try MarginEdge Free until July. The goal, then, is to find your own “sweet spot” where your food cost savings pay for the time you spend counting inventory. Here are six tips for improving your inventories.

Inventory 52

Inventory Employee Relations Food Order Waste 52

The Restaurant Times

JUNE 30, 2021

This has increased the demand for POS software for every fast food restaurant. A well-integrated POS software makes the job easier for the staff and allows them to manage different functions seamlessly. . A well-integrated POS software makes the job easier for the staff and allows them to manage different functions seamlessly. .

POS 52

POS Food Online Ordering Point of Sale 52

7 Shifts

SEPTEMBER 19, 2019

Inventory management: Monitor and maintain food and beverage stock levels. For example, play a crucial role in sourcing candidates. You'll need to be tech-savvy with using POS hardware, scheduling tools , and other operational software. Here's a breakdown of the major restaurant manager responsibilities.

Management 284

Management Management 2019 Employee Relations 284

Restaurant365

NOVEMBER 12, 2021

How POS integration fits into menu engineering. Your point of sale (POS) system tracks a lot of valuable information about your restaurant, such as your sales history. When your POS system is fully, seamlessly integrated with your inventory management system, you can use that data in your menu engineering strategy.

Menu 143

Menu Operations Point of Sale POS 143

Apicbase

FEBRUARY 29, 2024

It is estimated that the US food service sector wasted 13 million tons of food in 2022, up from 9.15 85% of operators use POS data to engage with customers via text or email, while 60% use it for their loyalty programs. Gitnux , 2024) 35% and 34% of baby boomers and Gen Xers respectively are interested in locally sourced food.

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

FEBRUARY 4, 2022

A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Consider, removing processed or pre-packaged ingredients from their inventory. Sourcing ingredients locally or from all-natural farms. Health-Conscious Food Will Dominate Menus. Serving smaller portion sizes.

2022 216

2022 Customer Service Online Ordering Website Management 216