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Most of the restaurant technology tools operators use every day were first introduced years ago, but it wasnt until the 2020 Tech Boom, brought on by COVID-19, that widespread adoption became essential. But first, lets look at how to choose the right technology for your restaurant. Are labor costs too high?
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features delivery data, tariff troubles, summer dining trends, and Beer Serves America. The report analyzed data from more than 30,000 QSR restaurants that generated a total of 4.5 labor costs at 3 percent. labor costs at 3 percent.
Making solid financial decisions in the restaurant/hospitality business has never been easy, but these days, it’s harder than ever. Prices for raw products were consistent, and while there were fluctuations, it was nothing like today. The Restaurant Investment Litmus Test: Three Questions to Ask.
This final edition of Modern Restaurant Management (MRM) magazine's Research Roundup for 2024 features news of operator challenges and priorities, delivery trends, wages and hourly worker considerations. Those priorities include increased marketing and sales efforts alongside new benefits and programs to attract and retain staff.
Running a restaurant is a demanding job. The next youre racing to keep inventory stocked while customers wait for tables. Weve worked with countless restaurant pros whove faced these challenges head-on. Their stories inspire these 10 proven restaurant management tips and tricks for success. Staff Management 1.
Opening a restaurant is a big challenge that requires a huge investment of time and money. But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurantcosts. Indeed, controlling restaurantcosts is one of your biggest challenges.
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. Staff will focus more on providing personalised experiences and addressing unique customer needs, while routine tasks can be automated.
If the past few years have taught us anything, it’s that restaurant technology is no longer a nice-to-have. It’s a necessity for building a modern and future-proof restaurant. The first technologies that restaurants often invest in are the cloud-based point of sale (POS) systems and payroll processing. Partender 3.
While you must follow the strict guidelines to ensure the safety of your staff and customers, that’s not to say you can’t take advantage of an empty restaurant to improve your knowledge of restaurant management, running a business, and creating a recipe for success when you eventually get back to business as usual. Goodreads: 4.23
COVID-19’s impact on restaurants around the world has been ramping up thanks to necessary social distancing measures—particularly in North America, where 4-5 meals are eaten away from home every week —and restaurateurs are feeling the squeeze on their bottom line.
While your first concern should be for the health and safety of yourself, staff, customers, and loved ones right now, it would be a lie to say you’re not allowed to be worried about your restaurant during COVID-19. As of this article’s publication, more than 20 U.S.
Running a restaurant is tough, and poor inventory management can make it even harder. Wasted food, stock shortages, and manual tracking errors all lead to higher costs and lost profits. Menu Optimization : Tracks ingredient costs and profitability, helping you refine your menu for better margins.
If the past few years have taught us anything, it's that restaurant technology is no longer a nice-to-have. It's a necessity for building a modern and future-proof restaurant. The first technologies that restaurants often invest in are the cloud-based point of sale (POS) systems and payroll processing.
Managing food costs is a growing challenge for restaurants as ingredient prices fluctuate and margins shrink. With real-time data guiding inventory decisions, restaurants can take tighter control of their food costs and boost long-term profitability.
Every great restaurant has many parts that contribute to its success: delicious food, excellent customer service, an inviting atmosphere, and competent staff. But restaurant management is the glue that holds it all together. With so many responsibilities, running a restaurant can be tricky. What is Restaurant Management?
Consider two worst-case scenarios: A customer orders extra guacamole but your restaurant is all out of avocados or, on the other hand, you've just walked past a crate of rotten, unusable (and expensive!) The Best Restaurant Inventory Management Software. Other Helpful Tips. The Basics of Restaurant Inventory Management.
Restaurant industry insiders offer their insights on F&B trends we can expect to see in 2024. More Caffeine, Please : While coffee fueled the nation, Los Angeles, Chicago, and Houston brewed up the most coffee orders this year! How can we help your favorite local restaurant get its Pad Thai to your doorstep easier?
Want to improve your restaurants performance? Start by analyzing these Top 7 POS Sales Reports to know where your restaurant is headed. Inventory Reports : Monitor stock levels, usage patterns, and waste to control costs and prevent overstocking or shortages.
Is your local restaurant overpaying for payroll? Get Free Payroll for Restaurants and simplify payroll management effortlessly. Handling fluctuating hours, tip tracking, and compliance can be complex, but Lavu Payroll offers a cost-effective solution. POS Integration : Sync hours and tips directly from your POS system.
Running a successful restaurant in 2025 means more than just great food—it requires smart financial decisions. With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurantcosts without compromising quality or customer experience. Food cost control is crucial.
It’s been months since restaurants across the US, Canada, and beyond were forced to shutter their dining areas in the wake of the COVID-19 outbreak. Plus, as part of our COVID-19 resources initiative , it’s time we pivot our own content to help your restaurant have a successful reopening. I'm so sorry, I'm not doing that anymore.’
In this edition of MRM News Bites, we feature help for small business owners and products for the 'new normal' for restaurants as they reopen. “The ability to customize delivery limits and costs to our customers was especially powerful, as it helped us remain competitive at a cost our business can afford.”
Managing food costs is one of the most important factors in running a profitable restaurant. With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. What is the Food Cost Formula? Lets dive in!
Productivity and efficiency both increase with cost-cutting measures. Like most businesses today, you may be looking to reduce your costs to improve your overall bottom line. However, you know you need to be careful so you don’t reduce the efficiency of your staff and your overall processes. What is it?
Tracking the right restaurant labor KPIs is essential for optimizing workforce efficiency and controlling labor coststwo critical factors that directly impact profitability. In this article, we highlight the top six KPIs every restaurant should monitor to stay competitive and maximize operational performance.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news on the impact of California's minimum wage, customer satisfaction, AI use in restaurants, popular cocktails and bathroom readiness.
Managing payroll in a fast-paced restaurant environment isnt just about cutting checksits about accuracy, compliance, and keeping your team satisfied. Yet, restaurant payroll management often comes with challenges like time tracking errors, tax issues, and inconsistent scheduling. compared to in-house systems.
In 2025, staying competitive in the restaurant industry means leveraging technology to streamline operations. This system helps restaurant owners and managers track stock in real-time, reduce waste, and maintain optimal inventory levels. One of the most effective tools for achieving this is mobile inventory management.
Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business. My mission is to you the independent restaurant that is trying to thrive and not just survives in today’s ultra-competitive restaurant industry. your team becomes efficient and you make more.
Restaurants can now use customer data to enhance restaurant menu design, creating smarter menus that increase profits and improve the dining experience. Reduce Waste : Remove underperforming items to save costs and streamline kitchens. Improved Efficiency Trim menus and reduce food waste. Ready to learn how? Keep reading.
The National Labor Relations Board will issue its final rule tomorrow, February 26, governing joint-employer status under the National Labor Relations Act. As a result, the final rule provides clear guidance in this significant area of the law. In announcing the final rule, NLRB Chairman John F. .”
The Distilled Spirits Council of the United States (DISCUS) announced the formation of the Hospitality Recovery Coalition with the goal of supporting on-premise partners, including restaurants, bars and distilleries, facing harsh economic impacts due to the COVID-19 crisis. Hospitality Recovery Coalition. NAB Acquires SALIDO.
Restaurant owners are rethinking the way they run daily operationsand many are switching to Lavu POS to stay ahead. From faster service to real-time inventory tracking, modern restaurants need more than just a cash registerthey need a system that adapts to their workflow.
From processing payments and managing inventory to tracking sales and streamlining service, POS systems play a critical role in improving efficiency and customer experience. In this post, well break down how does a POS system works and why its essential for restaurants, cafes, and other growing businesses. system uptime.
Just as the pony express gave way to email, so too are traditional restaurant operations being replaced by outsourcing. When a restaurant chooses to outsource, it’s not simply about cuttingcosts. It comes with its own set of considerations that can significantly impact a restaurant’s bottom line.
From introducing your restaurant to fulfilling orders, you can use social media to drive more traffic to your establishment, in-person and digitally. Discover why restaurants must have a social media strategy and 20 effective ways to boost your social presence online.
Reading Time: 4 minutes. If you’re a restaurant operator, you’re probably experiencing the labor crisis first hand. The staffing shortage is threatening to derail many restaurant reopening plans and crush the hopes of economic recovery. Your existing restaurant staff has never been more valuable. Table of Contents.
The holiday season is usually full of family, friends, and fun—and a lot of profitability for the restaurant industry. In fact, a survey of small business owners found that 47% of restaurants enjoy the most profitability during Q4. restaurant industry. xtraCHEF has you covered. Consideration 1: COVID-19.
Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. The disruptions restaurants are experiencing result from extreme pressures on the hubs, warehouses, and distributors. Labor Crisis Continues.
Want to increase your restaurant’s profits by up to 100%? A modern Point of Sale (POS) system can help you do just that by cuttingcosts, reducing waste, and streamlining operations. Online Ordering : Avoid third-party fees and improve efficiency with direct online ordering tools.
Running a restaurant is an ultimate full-time job that requires sheer dedication and an eye for detail. Even though it may seem a glamorous affair to many, learning the art of running a restaurant is something that cannot be mastered in a single day. Biggest Concerns Of The Restaurant Owners And How To Tackle Them .
Running a restaurant is a demanding job. The next youre racing to keep inventory stocked while customers wait for tables. Weve worked with countless restaurant pros whove faced these challenges head-on. Their stories inspire these 10 proven restaurant management tips and tricks for success. Staff Management 1.
Running a restaurant is a demanding job. The next youre racing to keep inventory stocked while customers wait for tables. Weve worked with countless restaurant pros whove faced these challenges head-on. Their stories inspire these 10 proven restaurant management tips and tricks for success. Staff Management 1.
Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business. What’s In the Restaurant Accounting Guide? Part 1: Restaurant Bookkeeping and Accounting 101.
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