Open for Business

MAY 19, 2023

No one would have guessed that so many people would be working remotely in 2023, or that TikTok would become the next social media powerhouse. Digital ordering has been a game changer, and the latest trends for 2023 could change how hospitality businesses operate even more.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

Sling

JULY 24, 2023

In addition, Toast offers products ranging from payroll and tips management to inventory management , email marketing and more. It offers invoice processing, recipe and menu analysis, inventory and food usage tracking, and various other cost management features. To learn more, visit GetSling.com.

2023 78

2023 Management Management Tip Distribution 78

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. By minimizing the menu options, a unit can limit the amount of inventory needed to order each week.

Cash Management 181

Cash Management Point of Sale Inventory Email Marketing 181

The Restaurant Times

JUNE 6, 2023

Restaurant management software revolutionizes food establishments’ operations by providing efficient tools to manage inventory and control costs. With the complexities of running a restaurant, tracking inventory manually can be time-consuming and prone to errors. CAGR from 2023 to 2030.

Inventory 52

Inventory Management Management Food Supply 52

Perfect Daily Grind

AUGUST 5, 2022

The September price fell 1.84% on Monday in spite of supply concerns brought on by extended dry spells in Brazil’s Minas Gerais. The ICE-monitored arabica inventory is at a 23-year low despite a 6% rise in Colombian arabica exports in June. Brazil’s arabica production could rebound in 2023/24 season. Tue, 2 Aug.

2023 133

2023 2022 Compost Events 133

Margin Edge

JUNE 19, 2023

This month we celebrate 6 months of The Board and look at: salmon prices, a helpful inventory tip and national restaurant sales trends from Mother's Day and Memorial Day Weekend.

2023 80

2023 Inventory Pricing 80

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. A Restaurant Pulse Check by Vericast found that nearly half of consumers plan to spend less on dining out in 2023. billion consumers with restaurants every year.

Marketing 189

Marketing Loyalty Program Email Marketing Coupons 189

Modern Restaurant Management

JANUARY 30, 2023

Technologies such as the Internet of Things (IoT) can help them maximize 2023 financials by: Offering a better experience to diners and employees Increasing efficiencies and lowering expenses These technologies empower restaurants in various ways—from automating tasks to identifying emerging risks.

Technology 176

Technology Fast Casual Waste 2023 176

Modern Restaurant Management

NOVEMBER 30, 2023

Recent findings reveal that researching a new POS for implementation after 2023 is a priority for 43 percent of restaurants , with 29 percent hoping to upgrade their POS for better omnichannel integrations. This shift underscores the evolution of POS systems from mere transactional tools to comprehensive data hubs.

POS 115

POS Operations Loyalty Program Seasonal Menu 115

Modern Restaurant Management

JANUARY 9, 2023

expect to be less profitable in 2023. Rising food, labor and energy/utility costs pose significant challenges heading into 2023. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey. 50 percent of operators expect to make less profit in 2023.

2023 105

2023 Employee Relations Food Supply Small Business 105

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. Vanilla isn’t for everyone In 2023, marketing took a cue from the ice cream parlor, embracing segmentation with the same precision as a sundae artisan.

2024 208

2024 Loyalty Program Cash Management Customer Experience 208

Sling

AUGUST 9, 2023

March 2023 13 Expert Tips for Effective Employee Communication March 2023 11 Types of Job Shifts Managers Should Know March 2023 What Is Incentive Pay and How Does it Work? March 2023 What Is a Human Resource Management System (HRMS)? March 2023 What Is a Human Resource Management System (HRMS)?

Article 78

Article 2023 2022 2021 78

Rocket Fuel

MAY 1, 2023

Focusing on increasing QSR beverage sales offers an exciting opportunity for revenue growth. With these comprehensive reporting tools, you can analyze sales data, identify top-selling and underperforming items, and make informed decisions about menu offerings, pricing, and promotions. Don’t just collect data – act on it!

Beverage 52

Beverage 2023 Coaching 2022 52

Modern Restaurant Management

AUGUST 16, 2023

However, given the current circumstances surrounding the COVID-19 pandemic, economic instability and impending recession in 2023 , traditional norms are shattered. Enhanced accuracy through minimized human errors in order processing and inventory tracking.

Loyalty Program 164

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 164

Modern Restaurant Management

FEBRUARY 5, 2024

Nearly all restaurateurs (98 percent) believe AI will solve some of their staffing challenges, particularly around food prep and delivery management (42 percent), voice ordering technology (41 percent), predictive ordering and inventory management (39 percent), and food prep robots (38 percent). percent in 2023. percent in 2023.

2024 177

2024 Loyalty Program Food Order 2030 177

Crunchtime

SEPTEMBER 28, 2023

Following the pandemic, global food prices rose at an alarming rate - up nearly 40% year-over-year, according to the United Nations' food price index. New research now gives operators a clear benchmark–food costs are 35% of revenue on average for multi-unit restaurants, according to the 2023 Restaurant Operations Report.

Food 78

Food 2023 Pricing Operations 78

SpotOn

MAY 13, 2024

This is a slight decrease (0.1%) from 19% seen one year earlier in March 2023.   For years, restaurants have been working to optimize payments, reservations, staffing, and inventory management with digital solutions to improve their bottom lines, including handheld point-of-sale devices.

Point of Sale 111

Point of Sale 2024 Customer Service Customer Experience 111

Sling

APRIL 27, 2023

These essential activities include everything from scheduling your team , assigning tasks , and managing inventory to controlling labor costs , executing payroll , and complying with labor laws. But it’s about more than just ordering as much inventory as your storage spaces can hold and hoping for the best.

Operations 78

Operations Management Management Inventory 78

The Rail

MAY 9, 2024

While the industry has been clouded by a variety of pressures that defined 2023 (such as inflation and price sensitivity), Restaurant Dive predicts that such challenges may push restaurants to embrace new solutions this year. The value triangle refers to three primary points in business: speed, quality, and price.

Supplies 52

Supplies Food Supply Food Truck Technology 52

Apicbase

MAY 29, 2024

According to Statista , in 2023, the revenue of online food delivery was estimated at over $1 trillion, and it is expected to hold a 50% share of the drive-thru and takeaway food service markets by 2030. You might have some leverage on their pricing if you’re McDonald’s, but generally, there’s little wiggle room on that front.

Kitchen Safety 52

Kitchen Safety Front of House Online Ordering Food Order 52

Modern Restaurant Management

MAY 9, 2023

And with a sustained uptick of restaurant spending – January 2023 was up 24 percent on the same month last year, according to the US Census Bureau – the conditions are ripe for flourishing. But it’s not all about coping and survival – or it shouldn’t be.

Mobile Ordering 150

Mobile Ordering Customer Experience Seasonal Menu Loyalty Program 150

Sling

MAY 9, 2023

Last Updated: May 2023 This content is for informational purposes and is not intended as legal, tax, HR, or any other professional advice. 5) Abide by health and safety standards Abiding by local, state, and federal health and safety standards is essential if you want your restaurant operations to be successful.

Operations 78

Operations Loyalty Program Food Safety Front of House 78

Sling

MAY 20, 2023

money, labor, and inventory) to support infrastructure, production, marketing, inventory , and other business activities. the lowest) prices in your particular niche. You can lower your prices all you want, but the product or service you offer must still create a profit. In other words, your goal is to have the best (i.e.,

Leadership 148

Leadership Customer Service Pricing Marketing 148

Sling

JULY 1, 2023

A massive menu may not be the best idea, as it might lead to unused or spoiled inventory. And as you plan, review your pricing strategy. Price every item so that it makes a profit while remaining competitive in your market. Shop around to find suppliers that can get you everything you need at a reasonable price.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Touch Bistro

AUGUST 11, 2021

By January 1, 2023 California’s minimum wage will be $15.00/hour hour on June 1, 2023. hour on January 1, 2023. hour on January 1, 2023. hour on January 1, 2023, and an increase to $15.00/hour hour on January 1, 2023. But if raising prices and firing staff aren’t the best solutions, what is?

2021 98

2021 Restaurant Law 2022 Seasonal Menu 98

Restaurant365

JUNE 3, 2022

In the same report, a majority of restaurant operators said they expect the restaurant staffing shortage to extend into at least 2023. Your daily duties may include creating schedules , counting inventory , and entering invoices , but that does not define you. Look beyond the daily tasks and remember the big picture.

Management 78

Management Management Back of House Front of House 78

Restaurant365

NOVEMBER 23, 2021

Interestingly, the traditionally cheaper cuts are rising in price more than the more expensive ones, said Levitt. And the shortage of skilled labor is pushing up the price. And although commodity meats can be somewhat cheaper, the prices are getting much closer to what small farmers are charging, Levitt said.

Supplies 78

Supplies Food Supply Food Truck Sourcing 78

The Restaurant Times

FEBRUARY 28, 2023

According to Hospitality Technology’s 2023 POS Software Trends Report , restaurateurs are particularly interested in using analytical information for the following: digital engagement, payment streamlining, and menu optimization , followed by the reward program, upselling, and personalized offers.

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

Sling

MAY 13, 2023

14) Stocker Some restaurants employ a stocker who is responsible for unloading, placing, and maintaining the business’s food, beverage, and supply inventory. Last Updated: May 2023 This content is for informational purposes and is not intended as legal, tax, HR, or any other professional advice.

Front of House 78

Front of House Back of House Kitchen Safety Food Truck 78

Modern Restaurant Management

DECEMBER 19, 2023

– Frances Allen, President and CEO, Checkers Brand loyalty took priority in 2023. – Matt Eisenacher, Chief Brand Officer at First Watch Digital transformation continued to dominate 2023. In 2023, we experienced unprecedented shifts in consumer behavior amidst broader macroeconomic conditions like inflation.

2023 114

2023 Front of House Customer Experience Customer Service 114

Apicbase

MARCH 17, 2023

Recommended read: 85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023 Here we go! You can use technology to optimise or automate various tasks , such as inventory management and ordering, which helps reduce errors and increase efficiency.

Customer Experience 52

Customer Experience Consumer Goods Food Supply Customer Service 52

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

2023 153

2023 Loyalty Program Fast Casual Customer Experience 153

Apicbase

FEBRUARY 29, 2024

2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. In a 2023 survey, 29% of operators said they are very likely to open new locations in 2024. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. billion by 2030.

2024 52

2024 Operations 2023 Loyalty Program 52

Apicbase

JANUARY 13, 2023

The F&B industry grew in 2022… and it will keep growing in 2023. With smart food ordering — meaning leveraging tech for inventory management and vendor selection — operators can cut down on food waste by 80%. Accurate and timely inventory control can boost restaurant profits by 24% annually. Let’s dig in.

2023 52

2023 Operations Management Management 52

EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

Waste 131

Waste Pricing Airlines Food 131

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. With BevSpot, restaurants can take inventory “any time, anywhere.”

Operations 367

Operations Management Management Mobile Ordering 367

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. With BevSpot, restaurants can take inventory “any time, anywhere.”

Operations 352

Operations Management Management Mobile Ordering 352