Embrace the Suck

APRIL 26, 2020

In fact, the bars and restaurants that fail to capitalize on their data will find themselves in hot water. It’s like the story of the frog placed in a stockpot in room temperature water—it doesn’t notice the danger it’s in. That’s happening to your bar or restaurant right now.

Cash Management 435

Cash Management Point of Sale Inventory Bar 435

Modern Restaurant Management

OCTOBER 2, 2023

According to Feeding America , nearly 40 percent of all food in the U.S. restaurants lose $162 billion annually in food waste costs. Some waste is unavoidable in every restaurant: a steak is overcooked, a serving tray is dropped, a few onions rot at the bottom of the box. More than ever, we’re seeing threats at the source.

Waste 183

Waste Technology Food Inventory 183

7 Shifts

JUNE 4, 2021

In this article, we'll go into 15 key performance indicators for restaurants, why they're important, how to calculate them, and more. Purchased inventory , or the value of newly purchased items in a given period. Let's plug some numbers into that equation to see how it may look in your restaurant. Break-even point.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

7 Shifts

SEPTEMBER 16, 2021

Expanding your place in the food service industry happens in one of two ways — developing a new restaurant concept or replicating an existing one. You may also benefit from diversification in your market, particularly if you'd like to open your next location close to an existing one. Table of Contents. New Concept or Replicate?

Management 370

Management Management Document Hiring 370

Modern Restaurant Management

JUNE 14, 2022

That means, in a vacuum, three out of every four of your employees could potentially engage in some form of theft from your business. So, how can you put safeguards in place to help deter restaurant and employee theft? Invest in Security Cameras. Implement a Point of Sale System. Seems simple enough, right?

Point of Sale 199

Point of Sale Kitchen Safety Back of House Inventory 199

Clover - Restaurants

APRIL 23, 2024

Buying an existing restaurant can offer several advantages associated with investing in a proven concept. Yet, purchasing a restaurant can bring a new set of challenges that are worth considering before you take the plunge. You likely won’t need to invest in equipment, furniture, permits , and build-out costs.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Modern Restaurant Management

JUNE 8, 2021

In the midst of the COVID-19 pandemic and the resulting restaurant shutdowns, online ordering has become the go-to method for many customers. To do this effectively and successfully, brands will need to dive into the customer data gathered from their POS system. So how can restaurants avoid these fees?

Loyalty Program 209

Loyalty Program Point of Sale POS Email Marketing 209

Apicbase

APRIL 18, 2024

Combined with restaurant analytics software , they allow you to uncover insights hidden in the raw data. In this article, we’ll discuss the importance of restaurant reports and how to access the right insights. They allow you to compare performance across dishes, menus, and locations. What Are Restaurant Reports?

Operations 52

Operations Inventory Waste Food Order 52

Modern Restaurant Management

APRIL 10, 2023

Despite rising ingredient costs and staffing shortages, more than half of the 8,000 restaurant operators and owners polled globally in Lightspeed’s State of the UK Hospitality Industry , agreed that adopting new technology over the past two years has been critical to their success. This was however, until COVID-19 changed everything.

Technology 190

Technology Customer Service Online Ordering Hospitality 190

Modern Restaurant Management

SEPTEMBER 1, 2023

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Having too much inventory on hand ties up cash, encourages theft, results in spoilage, and leads to overuse. Use the counts to create accurate par levels.

Inventory 177

Inventory Management Management Cash Management 177

Apicbase

MARCH 28, 2024

In this article, we explore the key differences between the front and back of the house in a restaurant and discuss the best ways to integrate FOH and BOH operations. In this article, we explore the key differences between the front and back of the house in a restaurant and discuss the best ways to integrate FOH and BOH operations.

Back of House 52

Back of House FOH BOH Front of House 52

Restaurant365

NOVEMBER 12, 2021

Leveraging that data to improve your menu allows you to become even more strategic in your menu development. Menu engineering is a system of restaurant analytics that can help improve your bottom line. Menu engineering is a system of restaurant analytics that can help improve your bottom line. How menu engineering works.

Menu 143

Menu Operations Point of Sale POS 143

Modern Restaurant Management

APRIL 21, 2022

Davis, a restaurateur with a background in data science and technology, knew there was a better way to see and manage restaurant finances in real-time and Phillips’ background building concepts for Bloomin’ Brands became a combination to develop their software, which now services more than 3,000 restaurants.

Technology 193

Technology 2005 Mobile Ordering Point of Sale 193

Focus POS

DECEMBER 8, 2021

On top of that, outdated or complicated technology can frustrate staff and invite errors when people are in a rush. When you factor in the complications of the post-pandemic recovery like supply chain issues, COVID-cautious diners, and labor shortages, it’s clear that owning a restaurant right now is not for the faint at heart.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Focus POS

DECEMBER 22, 2021

FSR magazine reports that 60 percent of restaurants don’t make it past their first year, and 80 percent go out of business within five years. The pandemic caused added pressure in 2020, with sales down $239 billion from expected levels and employment dropping 3.1 A Recipe for Successful Restaurant Management. Beat the Odds.

Management 146

Management Management Loyalty Program Online Ordering 146

Modern Restaurant Management

MARCH 16, 2021

With COVID-19 guidelines restricting dine-in, restaurants need revenue from sporting events now more than ever. In a world where restaurants are fighting tooth and nail for every dollar, no restaurant can afford to waste product or energy on menu items that aren’t selling. Turn to the POS. One way to capture more sales?

Sports 203

Sports POS Menu Food Order 203

Restaurant Engine

JULY 13, 2022

You can improve productivity with the right POS system. You know that a point-of-sale system (POS) is great for your customers, enabling them to have a bit more control when ordering or paying for their meals. Did you know, though, that a POS system is great for managing your business and improving your efficiency?

POS 102

POS Website Management Point of Sale Loyalty Program 102

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. For example, these common restaurant ingredients rose significantly in mid-December 2021 over the same period in 2020: Refined sugar – 31%. Integrate restaurant inventory management with your POS system. from a year ago.

Inventory 148

Inventory Pricing Management Management 148

Modern Restaurant Management

NOVEMBER 11, 2021

The turmoil caused by the pandemic has disrupted global supply chains more than any other period in recent history. It has highlighted the critical importance of evolving supply chain systems to be more responsive and agile to the changing dynamics around us – which the past two years have been extensive.

Supplies 216

Supplies Management Management Food Supply 216

Modern Restaurant Management

JULY 1, 2020

However, effective menu engineering requires an honest look at your menu, your purchasing patterns and your data. When is the last time you costed out your recipes? To do this, ask yourself honestly: When is the last time you costed out your recipes? Work to market and tweak Puzzles in the name of driving.

Menu 193

Menu Food Supply Supplies Food Order 193

Lavu

OCTOBER 24, 2022

Digital wallet payments—a type of frictionless payment—are used by most high-performing restaurants and are increasing in adoption across all restaurants. Digital wallet payments—a type of frictionless payment—are used by most high-performing restaurants and are increasing in adoption across all restaurants.

Mobile Ordering 78

Mobile Ordering POS Customer Service Online Ordering 78

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 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.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Modern Restaurant Management

OCTOBER 12, 2020

in mid-March, restaurants were forced to close their doors and shift to offering take-out and delivery services exclusively. In an attempt to mitigate the spread of the virus, many of these businesses said they would, for the time being, no longer be accepting cash. But what about those without access to a bank or credit cards?

Point of Sale 207

Point of Sale Customer Service Customer Experience Dine-in 207

Modern Restaurant Management

JANUARY 6, 2022

Among all the trends forecasted for hospitality establishments in 2022, restaurant gift cards are one of the most powerful tools in your tool belt. Among all the trends forecasted for hospitality establishments in 2022, restaurant gift cards are one of the most powerful tools in your tool belt. It’s no wonder.

2022 193

2022 Online Ordering Loyalty Program Customer Experience 193

Mad Mobile

MARCH 1, 2024

The pressure to adopt new technology in your restaurant is everywhere. From server robots to ordering kiosks in fast food establishments, it seems like there’s always a new gimmick trying to get your attention. But data shows that it’s more than just about the flashy toys.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Focus POS

JANUARY 18, 2022

4 Ways to Upgrade Your Restaurant Technology in 2022. What’s been worn out over the year and what seems outdated? Whether it be an upgrade or adding new to your business, here are four major restaurant technologies you should consider in the new year. Mobile POS. Automating Your Kitchen System. Misplaced tickets.

2022 78

2022 Technology Loyalty Program 2025 78

Cheetah

JANUARY 13, 2022

In the world where consumers are bombarded by options, competition is fiercer than ever. In the world where consumers are bombarded by options, competition is fiercer than ever. The goal of restaurant loyalty programs is to incentivize customers to purchase from the establishment regularly. Reading Time: 4 minutes.

Loyalty Program 148

Loyalty Program Mobile Ordering Airlines Merchandise 148

Restaurant Engine

DECEMBER 8, 2021

Research several POS solutions to find the one that best fits your needs. When it’s time to purchase a point-of-sale solution for your restaurant, it’s a big decision and one you want to research thoroughly. The first thing you should know is that a point-of-sale (POS) system will improve many of the functions of your restaurant.

Point of Sale 96

Point of Sale POS Website Management Customer Service 96

Mad Mobile

FEBRUARY 26, 2024

Those losses are avoidable with bar inventory management systems, whether home-brewed or automated through software. What is a bar inventory management system? Studies have found that restaurants waste 4–10% of food purchased, and diners leave as much as 17% of portions uneaten. Take these lessons to heart.

Inventory 40

Inventory Bar Management Management 40

Aaron Allen & Associates

MARCH 3, 2022

That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there. The point of sale system is the nervous system for the restaurant tech stack. Running a restaurant is hard work. Restaurant Inventory Management.

Management 120

Management Management Mobile Ordering Point of Sale 120

Modern Restaurant Management

OCTOBER 1, 2020

Ever since the pandemic began, the restaurant industry has been in a sustained state of pivot. Some have white-labeled those same delivery services for integration within their organizations, and others have built out programs for pick up or delivery entirely in house. Looking at the data proves much of what we already know.

Delivery 193

Delivery Loyalty Program Download Online Ordering 193

Hot Schedules

JANUARY 12, 2022

From time and attendance advancements tracking the employee from clock-in to punch-out to POS analytics feeding corporate monthly location performance trends, there’s no doubt innovation will give restaurant groups insights and efficiency undreamed of just a decade ago – but how do IT teams go about orchestrating a great reinvention?

Back of House 147

Back of House Employee Relations POS Government 147

Focus POS

NOVEMBER 1, 2021

3 Advantages Cloud POS Delivers to Restaurant Managers. In some parts of the country, the restaurant industry was hit hard by COVID-19 and subsequent labor shortages. Restaurant cloud POS gives owners and managers this access after hours, when they are on vacation, or any time they are off-site. Enhanced visibility.

POS 88

POS Point of Sale Inventory Information 88

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. Meijer grocery stores are no longer allowing reusable shopping bags in their stores. Donate Food Waste to Local Charities.

Waste 147

Waste Compost Point of Sale POS 147

Restaurant365

SEPTEMBER 23, 2021

Every business relies on good accounting, but it is especially true in the competitive restaurant industry. Keeping track of this data in your accounting is difficult, while using it to make good business decisions is an even larger challenge. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

BNG Point of Sale

SEPTEMBER 24, 2020

Today’s point-of-sale (POS) systems have changed dramatically and are a far cry from what was available just ten years ago, leaving many businesses to ask how do the newest versions of point-of-sale systems work? POS systems allow you to process more types of payment in more ways faster than ever before.

Point of Sale 98

Point of Sale Mobile Ordering Cash Management POS 98

Modern Restaurant Management

DECEMBER 20, 2021

With customers opting for alternatives to dine-in, restaurants adapted to build solutions to offer takeout, delivery and curbside pickup options. With customers opting for alternatives to dine-in, restaurants adapted to build solutions to offer takeout, delivery and curbside pickup options. But what is contactless dining exactly?

Mobile Ordering 226

Mobile Ordering Online Ordering Consumer Goods Customer Experience 226