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

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

Management 398

Management Management Kitchen Safety Front of House 398

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

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

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

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

Modern Restaurant Management

FEBRUARY 29, 2024

Hot Palette Holdings uses AI to improve their forecasting, optimize inventory, and reduce waste. Innovative tech tools, like AI, can improve forecasting, inventory management, scheduling, customer service, marketing, and many other essential business tasks. For instance, technology can help restaurants: Optimize operations.

Food Safety 187

Food Safety Kitchen Safety Audits Food Supply 187

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

Modern Restaurant Management

MARCH 28, 2024

It can also provide full sourcing and ingredient listings that are needed for menu creation to serve customers with special requirements. Feeding Customers What They Want Some of the more successful restaurants today are offering their customers a clear window into their sourcing strategies.

Information 217

Information Allergens Food Supply Food 217

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). Run payroll in minutes, not hours Centralize onboarding, time clocking, compliance, and payroll, saving time and improving data accuracy with a single source of truth.

Operations 367

Operations Management Management Mobile Ordering 367

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

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). Run payroll in minutes, not hours Centralize onboarding, time clocking, compliance, and payroll, saving time and improving data accuracy with a single source of truth.

Operations 353

Operations Management Management Mobile Ordering 353

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. At the heart of this science is data. First, how might owners and those in management find the data they need?

Point of Sale 190

Point of Sale Inventory POS Customer Service 190

Izettle

MARCH 11, 2021

Inventory management is a way for business owners to track the products or goods that they’re going to sell – from sourcing raw materials to storing and selling items in a store. Why is inventory management important? Reliable inventory management can be one of the most valuable assets for a small business.

Inventory 52

Inventory Management Management Point of Sale 52

Modern Restaurant Management

JANUARY 15, 2024

Many consumers are leaning towards locally sourced products and homemade food items, so a housemade sauce is sure to impress. Operators need to invest in a back-of-house technology system that simplifies daily tasks for them, such as inventory and scheduling.

Food Supply 203

Food Supply Point of Sale Back of House Inventory 203

Restaurant365

NOVEMBER 5, 2019

Food cost is heavily influenced by your inventory management. With the restaurant industry’s notoriously razor-thin margins, controlling food costs — and managing your inventory — are essential for a healthy bottom line. There are many opportunities within the inventory lifecycle to apply efficient food cost controls.

Inventory 74

Inventory Technology Management Management 74

Modern Restaurant Management

DECEMBER 8, 2022

Manage and Optimize Your Increased Holiday Inventory. The holidays bring an increase in beverage inventory, particularly kegged inventory for bars and restaurants centered around draft programs. Cooler management and on deck planning also becomes central to lowering the chaos that an increase in kegged inventory can bring.

Bar 181

Bar Customer Experience Brewery Inventory 181

Modern Restaurant Management

JULY 24, 2023

Restaurant managers must have complete visibility into their suppliers’ sourcing practices to ensure their ingredients are safe, healthy, and high-quality. Restaurant managers must ensure that their suppliers’ sources are trustworthy, and their products are high-quality. Transparency is crucial in restaurant supply chains.

Supplies 167

Supplies Sustainability Food Supply Food Safety 167

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

Management 195

Management Management Kitchen Safety Front of House 195

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

Modern Restaurant Management

FEBRUARY 2, 2024

Meanwhile, restaurants must effectively manage inventory, staff, and customer data. As a result, many establishments struggle with slow service times, inefficient inventory management, and inadequate customer engagement — all of which can lead to decreased satisfaction and lost business.

Operations 183

Operations Front of House Customer Service Customer Experience 183

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

Modern Restaurant Management

JANUARY 26, 2024

Batteries need a charging source to store energy so they’re ready to automatically kick in when the power goes down. That source can be solar panels, a standby generator or even the grid. For example, solar and battery energy can become the primary power source for a business that would like to operate “off grid.”

Equipment 191

Equipment Sourcing Outdoor Waste 191

7 Shifts

FEBRUARY 5, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it’s just the beginning. What is Restaurant Inventory Management Software? What is Restaurant Inventory Management Software? Examples of Restaurant Inventory Management Software.

Social Media 370

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

Modern Restaurant Management

OCTOBER 2, 2023

More than ever, we’re seeing threats at the source. Keep an Eye on the Inventory There’s no substitute for taking regular inventory – not just knowing what’s been ordered, but what’s in stock, what condition it’s in, and how long it’s been in the restaurant.

Waste 176

Waste Technology Food Inventory 176

Modern Restaurant Management

DECEMBER 27, 2023

These shifts in food sourcing and menu development are more than mere nods to environmental stewardship; they represent strategic efforts to meet the demands of health-conscious consumers who are looking for sustainable dining experiences.

2024 196

2024 Food Supply Kitchen Safety Influencer 196

7 Shifts

APRIL 25, 2022

Getting these numbers right means less expired inventory, fewer unhappy customers, shorter wait times, and lower labor costs. Access to these numbers can ensure your managers make smarter decisions when it comes to ordering inventory and scheduling staff. Inventory variance is too high, driving up food costs.

Operations 370

Operations Point of Sale Inventory Restaurant Law 370

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

Sling

APRIL 1, 2024

Depending on the complexity of the FSM software you choose, the app may provide such tools as: Dispatch Scheduling Task management Inventory management Time tracking Communication Any one of these components may make your work life easier, but all of them together may help you revolutionize the way your business runs.

2024 78

2024 Management Management Customer Service 78

Modern Restaurant Management

JUNE 15, 2021

Inventory stock changed significantly. By improving customer loyalty and increasing revenue through the smart use of technology from the public-facing part of the business all the way to the back-of-house prep, sourcing, and staffing. Source More Smartly by Linking FOH to the BOH.

Technology 199

Technology Loyalty Program Front of House Online Ordering 199

Squirrel Systems

APRIL 22, 2024

Managers can track inventory, monitor sales patterns, and manage staffing anywhere. AI can analyze vast amounts of data from various sources, such as POS, inventory management, and guest feedback, to provide actionable insights.

Technology 111

Technology Dietary Restrictions Loyalty Program Download 111

7 Shifts

SEPTEMBER 20, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Your POS system reduces ordering errors, increases front-of-house and back-of-house efficiency, and helps you control inventory. The power of an integrated POS.

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

Lavu

FEBRUARY 2, 2024

Laminated Menus: Menus are often a significant source of paper waste in restaurants. A POS system is not just about taking orders; it’s a powerful tool for efficient inventory management. By digitally tracking inventory levels, restaurateurs gain real-time insights into the amount of food items in stock.

Waste 78

Waste Food Compost Audits 78

Modern Restaurant Management

SEPTEMBER 8, 2022

Avoiding such a calamity will always be a top priority among restaurant managers, not only by optimizing sanitation and safe handling practices in-house, but also through rigorous sourcing and supply chain management. Traceability Is Essential. on FDA’s Food Traceability List (FTL) under FSMA Section 204(b).

Food Safety 186

Food Safety Operations Food Supply Food 186

Modern Restaurant Management

SEPTEMBER 19, 2023

What's more, using AI to source specific ingredients could also make foods healthier and more nutritious than they are now. This enables businesses to avoid buying too much inventory. Its predictive abilities, which are already used to manage inventory, are also used by food manufacturing plants to predict supply and demand.

Food Supply 125

Food Supply Food Waste Supplies 125

Modern Restaurant Management

MAY 1, 2024

When different groups of employees within the restaurant do not communicate effectively, it creates conflict and sources of inefficiency. One of the most unfortunate consequences of communication silos in the hospitality industry is a negative guest experience, and in the restaurant business, the guest experience is everything.

Communication 192

Communication Operations Leadership Employee Relations 192