Modern Restaurant Management

OCTOBER 20, 2023

New regulations and the “death” of the cookie essentially dried up third-party targeting capabilities overnight, challenging the way restaurants craft advertisements and target consumers. First-party data can inform restaurant marketing and advertising strategies, leading to better customer retention and higher foot traffic.

Marketing 193

Marketing Loyalty Program Email Marketing Coupons 193

7 Shifts

OCTOBER 31, 2022

Sticking with the above example of a coffee shop, you may want to talk about your restaurant advertising ideas for millennials, like using TikTok marketing to promote your menu items and an app-based loyalty program. Detail your plans for using social media, local advertising, promotions, and how you're going to reach your target audience.

Point of Sale 398

Point of Sale Back of House Document Download 398

7 Shifts

DECEMBER 18, 2019

For those who forgot to pack a lunch but are too time-poor to have a sit-down meal, advertising pre-packaged, nutritious grab-and-go options makes you a viable option for people on the move. Have a look at your restaurant POS analytics to determine what your best sellers are and see if you can create a quick and easy to-go version.

Specials 362

Specials Food Truck Seasonal Menu Social Media 362

Lavu

NOVEMBER 17, 2023

This approach helps increase sales of high-margin items, reduce waste and inventory costs, and ultimately improve profit margins. Manage Inventory and Food Waste Inventory management is crucial for optimizing restaurant 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

APRIL 26, 2024

Restaurants can meet this expectation with modern POS systems that show detailed menu information, including what allergens dishes may contain. Data used right can be an open window to understanding customer behavior and preferences, enabling personalized service and smarter inventory management.

Dietary Restrictions 98

Dietary Restrictions Allergens Point of Sale Customer Experience 98

Open for Business

OCTOBER 20, 2023

Don’t forget to detail marketing strategies, which could range from social media advertising to partnerships with local businesses. Technology streamlines operations and makes everything that much easier, whether it’s using point of sale (POS) systems or a reservations platform. Are certain dishes getting rave reviews?

License 78

License Email Marketing Seasonal Menu Front of House 78

Modern Restaurant Management

DECEMBER 30, 2020

POS Software Market. NCR Corporation leads the global restaurant point-of-sale (POS) software market according to research and consulting firm RBR. The Global POS Software 2020 Report conducted by RBR indicates that NCR POS software has 25 percent market share in the restaurant subsegment.

2020 207

2020 Merchandise Point of Sale Retail 207

Lavu

NOVEMBER 18, 2022

Advertising: Share information about the advertising channels you will leverage and the average cost associated with each platform. A few essentials include a pizza point-of-sale (POS) system , online ordering platform, invoice management software , and inventory management system. What vendors and suppliers will you use?

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Squirrel Systems

MARCH 3, 2024

This involves meticulous inventory management to prevent overordering and minimize waste. From modern POS systems that enhance order accuracy to inventory management software that helps track stock levels in real-time, technology can reduce errors and save time.

Pricing 52

Pricing Loyalty Program Waste Social Media 52

Harbor Touch

NOVEMBER 21, 2022

Consider setting up a website, creating social media accounts, and using traditional advertising methods like flyers and posters. Fast and reliable POS system. A fast and reliable POS system is essential for running a successful bar. In short,having a fast and reliable POS system is key to successfully running your bar.

Bar 78

Bar License Restaurant Law POS 78

The Restaurant Times

JUNE 1, 2022

You can choose a POS software with financial and report analyzing features. A POS software also tracks restaurant fund flow by keeping an eye on the following: Inventory. When a restaurant uses automation for inventory management, it reduces costs due to wastage and keeps a check on recurring food costs. Account payable.

Operations 52

Operations Cash Management Employee Relations POS 52

Restaurant365

OCTOBER 14, 2020

A point of sale (POS) system fully integrated with your restaurant accounting software can help you keep track of the numbers you need, making an all-in-one system important for your budgeting. Finally, these expenses may cover technology and software like restaurant management solutions, as well as any marketing or advertising costs.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

The Restaurant Times

MARCH 15, 2021

Some of the proven ways to optimize overall financial costs and improve the profitability quotient of your restaurant are : Keep a constant check on the food and inventory costs. Optimize the operating expenditures such as marketing and advertising expenses, daily administrative costs, salaries, and other labor costs.

Point of Sale 52

Point of Sale Inventory Customer Service Advertising 52

Restaurant365

JANUARY 13, 2022

Try advertising a few creative options this month then run your reports, talk to your customers, and analyze your data to see if your demographic is interested in drink options that are sans alcohol. Advertising healthier versions of popular comfort foods as specials is a great way to provide the best of both worlds to your patrons.

2022 147

2022 Compost Recycling White Paper 147

Get Beyond

OCTOBER 24, 2023

Eye up your inventory You can’t beat all your sales goals if you don’t have the inventory ready. Increase advertising The ramp-up to Small Business Saturday is as important as the day itself. Or have you and your team been suffering through a lackluster POS system? What sold well last year during Small Business Saturday?

Small Business 52

Small Business 2023 Social Media Customer Experience 52

BNG Point of Sale

SEPTEMBER 2, 2021

Overhead costs refer to ongoing expenses such as advertising, utilities, and rent which make running an eatery possible in addition to raw materials and food for goods production. . Advertising . Reduce POS (Point Of Sale) System Cost . Inventory management . Typical Restaurant Overhead Costs and Expenses .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

The Restaurant Times

MAY 14, 2021

Labor, equipment and inventory cost are the three main costs one needs to manage. A good POS software can assist you in handling your finances as it tracks every type of cost incurred and keeps a check on the consumption of inventory. Choose A Robust POS Software. Hence, it is advisable to install POS software. .

Social Media 52

Social Media Online Ordering POS Email Marketing 52

Restaurant365

DECEMBER 17, 2019

However, the biggest factor in controlling food costs is improving your inventory management. An accurate inventory management system can not only help you track your restaurant food costs, but also highlight areas of food waste or inefficiencies that you can adjust for lower overall food costs. Technology Costs.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Bingage

DECEMBER 2, 2019

We have seen a massive change in the industry, there is a huge focus on online ordering systems, implementation of AI (Artificial intelligence) in restaurants , cloud-based CRM systems and food and inventory management techniques and many more. 2019, is about to end! Restaurant Technology Statistics helpful for 2020. Source ) 2. Source ) 4.

Social Media 96

Social Media Online Ordering Employee Relations Sourcing 96

Restaurant365

MARCH 18, 2020

Consider reducing your food costs by limiting the number of menu items in a way that allows you to streamline your inventory. Consider offering a takeout menu that simultaneously allows you to slim down your inventory and minimize your prime costs. Marketing and advertising costs. When You Should Consider Closing Temporarily.

Point of Sale 158

Point of Sale Delivery License Inventory 158

The Restaurant Times

FEBRUARY 18, 2022

Maintaining inventory of groceries and supplies, stocking ingredients, and equipment along with placing the order on your POS (point of sale) software. You can take help from recruiting agencies, professional networking sites, post an advertisement or conduct mouth advertising to hire a desired candidate.

Hiring 52

Hiring Operations Kitchen Safety Food Safety 52

The Restaurant Times

MAY 10, 2022

Having a well-planned inventory of all your requirements makes it easier to shop. Start Marketing and Advertising. Figure out the advertising and marketing plan. Install a Point of the Sale (POS) System. Having a system that takes care of inventory, sales and operations is essential for running a good truck smoothly.

Food Truck 52

Food Truck Food License Point of Sale 52

Squirrel Systems

FEBRUARY 24, 2021

Tip: Configure your POS to only show the menu items available for take-out. Get the Word Out – Advertise Let your customers know how they can order from your restaurant: social media, website, e-mail newsletter, sign on restaurant doo, or 3rd party marketplace. Keep your menu short to the items that you can offer for take-out.

Operations 52

Operations Online Ordering Mobile Ordering Website Management 52

7 Shifts

NOVEMBER 1, 2022

They're people leaders, customer service providers, line cooks, inventory managers, occasional bartenders, public relations reps, number crunchers, and even marketers. Many local restaurants have never touched advertising or social media; they've been the neighborhood's go-to spot for decades. Many POS providers have this built in.

Seating 222

Seating Email Marketing Marketing SEO 222

Restaurant365

JUNE 4, 2021

Consider investing in signage in your local area or advertising in local publications. Many restaurant management systems or Point of Sale (POS) systems now have the tools and features you need to implement rewards. Sales forecasts, based on historical data pulled from your POS, can help you create more efficient schedules.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

Restaurant365

JULY 24, 2020

POS providers Toast and Square have recently launched their own delivery services, at costs they say are lower than some of the more established delivery providers. When recruiting for your ghost kitchen, advertise your job openings where job seekers are searching. Control Inventory for Your Virtual Kitchen.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Aaron Allen & Associates

SEPTEMBER 29, 2022

Small wares and inventory. Soft costs like architects and engineers, permits, training, advertising and consulting fees. Franchisees also pay for advertising or marketing (usually a portion allocated to national campaigns, and another portion to local marketing). Restaurant equipment and signs.

Franchise 98

Franchise Franchising Fast Casual Advertising 98

The Restaurant Times

AUGUST 5, 2022

In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. You can easily calculate the COGS for the week by subtracting the inventory at the end of the week from the beginning inventory. Automated Inventory Management.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

Restaurant365

NOVEMBER 6, 2020

To calculate your most profitable channel, start by examining your top five order modes, pulling sales information from your POS. To save time, consider automating the transfer of your sales data with restaurant reporting software that’s integrated with your POS. Pick Up/To Go (takeout, curbside). Drive Thru.

Dine-in 113

Dine-in Delivery Ordering Point of Sale 113

The Restaurant Times

APRIL 19, 2021

Colourful trucks with decorated exteriors serving niche food items have a lot of potential in terms of generating advertising revenue and tapping new markets. The truck’s creative add-ons and exterior paint also play an essential role in making the vehicle ‘right’ and can be used as a prop to advertise the business. .

Food Truck 52

Food Truck Kitchen Safety Front of House Food 52

BNG Point of Sale

AUGUST 19, 2021

Food and drink inventory costs need to include the ingredients costs per meal or per drink. To calculate your CoGS, take your starting inventory amount plus the cost of that inventory and subtract your ending inventory amount. . Reduce Food Waste with Tight Inventory . BNG POS can help with all this work.

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Restaurant365

DECEMBER 4, 2020

Understanding this break-even number, which is based on your operating expenses, informs everything from your staffing decisions to adjustments in inventory. This approach has been challenging for restaurants in particular, who have labor and inventory that can be difficult to adjust quickly. Managing rotating inventory.

2021 78

2021 Operations Mobile Ordering Social Media 78

Restaurant365

JANUARY 13, 2022

Try advertising a few creative options this month then run your reports, talk to your customers, and analyze your data to see if your demographic is interested in drink options that are sans alcohol. Advertising healthier versions of popular comfort foods as specials is a great way to provide the best of both worlds to your patrons.

2022 78

2022 Compost Recycling White Paper 78

Focus POS

OCTOBER 7, 2019

Traditional point of sale (POS) terminals are a vast improvement over electronic cash registers, offering greater functionality and efficiency. Overall Benefits of Tablet POS Technology for Businesses. Tablets offer greater flexibility of use than regular POS terminals. How Mobile POS is Changing the Restaurant Industry.

Point of Sale 76

Point of Sale Mobile Ordering POS Back of House 76

Restaurant365

NOVEMBER 19, 2019

By integrating POS system with an accounting and scheduling platform, labor and sales data can be used for smart forecasting. Managing complex, rotating inventory. Restaurant inventory management involves a large number of moving pieces, many of which are “temporary” compared to other retail businesses.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

The Restaurant Times

NOVEMBER 17, 2021

POS System . When directly linked to the restaurant website, POS can take orders without any manual work and send them to the kitchen to get prepared. A POS system also tells you the time estimated for the preparation and the delivery. Source: AMgrade. Reasons To Adopt In-House Online Restaurant Ordering System .

Online Ordering 52

Online Ordering Ordering Front of House Food Order 52

The Restaurant Times

FEBRUARY 25, 2022

Most restaurants fail because of poor inventory management, inability to retain customers, lack of a solid social media presence, among many other factors. Do your market research, count the inventory, find the COGS (Cost of Goods Sold) numbers, and consider the indirect costs.

Social Media 52

Social Media Customer Service Point of Sale Website Management 52