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A Dilemma of “Super Size” Proportions Amid rising food prices and shifting consumer preferences, the restaurant industry is facing a dilemma of “super size” proportions. percent menu-price inflation rate. Customers can become more critical of the quality of products and services when prices increase.
Sales data helps plan staff schedules and depletes inventory. For example, Apicbase brings together recipes, inventory, purchasing, and menu planning in a single platform. And they’re all connected. If you change the menu, you need to buy other ingredients. Recipes affect what needs to be prepped. The numbers are accurate.
Whether on a simple laminated sheet or on a digital board , follow these great digital menu tips : properly sized screen, location of menu, clean and easily understood content, and simple allergenic indicators. Take pricing to the next level by objectively determining simple pricing to yield higher results that will stand the test of time.
It starts with accurate pricing, clear dish descriptions, and consistent nutritional information. You need to manage everything from costs and inventory to menu design to get this balance right. This includes choosing the right dishes, managing ingredients, setting prices, and marketing the menu effectively.
From inventory management to predictive labor scheduling, AI tools will help restaurants cut costs and adapt in real-time, while providing operators valuable data to help inform business decisions. Restaurants will respond by cutting back portion sizes and adjusting prices accordingly—something we haven’t seen in decades.
They’re asking: “Can you help us build a reliable, scalable inventory process that actually improves our margins?” Prioritising People and Attracting Talent Technology decisions in hospitality used to be driven by checklists, feature sets, pricing, and demos. It’s a lever for reaching your business objectives. Each solves a problem.
They’re asking: “Can you help us build a reliable, scalable inventory process that actually improves our margins?” Prioritising People and Attracting Talent Technology decisions in hospitality used to be driven by checklists, feature sets, pricing, and demos. It’s a lever for reaching your business objectives. Each solves a problem.
With guests searching for value, how can local restaurants compete and thrive in such a competitive market and build trust withconsumers who are more cautious about price and safety than ever? "Value "People tend to go to fast-food restaurants for the speed and lower price point.
However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. With AI, food companies can calm ingredients that trigger allergens.
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.
Additionally, it means enacting ways to incentivize guests to order from a brand’s direct ordering channels, with offers like exclusive items and pricing, to drive in-house digital sales and therefore retain owned guest data. – Noah Glass, Founder & CEO, Olo Looking ahead to 2024, we anticipate more change.
Efficient Inventory Management with Bite Size Menus. Protein, for example, has seen a 30% price increase. Of course, a menu should cater to various tastes with a diversity of flavors, textures, allergens, and even calorie count. With fewer ingredients on the menu, less supplies need to be ordered and stored.
As you work to increase your profitability, two areas to explore are recipe and menu engineering, and purchasing and inventory optimization. This should include vendor catalogs and pricing, so you can stay on top of exactly what each recipe will cost — and adjust accordingly. Optimized Purchasing and Inventory. Menu Engineering.
Generally lower food prices than full-service restaurants. No restaurant model is perfect, but a counter service restaurant balances convenience and service efficiency while still providing a quality experience at an affordable price point. Lower labor costs with fewer servers/staff needed. More casual, relaxed dining atmosphere.
Review your pricing and rebate deals. When negotiating with suppliers, the larger the basket that they receive, the more competitive their pricing should be. If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order. Fix Pricing and Building Supplier Relations.
The success of a food service business depends on how well its restaurant managers manage purchasing and inventory and how good the chefs are at creating profitable recipes. Standard features include inventory management, labour scheduling, waste tracking, accounting, and analytics.
With 96% of restaurants planning to expand , operators are looking for the best software to manage BOH operations like inventory, recipes, production, and scheduling. You might be tracking inventory in a spreadsheet, for example, or placing orders via email without sharing this data with other parts of the business.
Operational realities like ingredient sourcing, kitchen workflow, pricing strategy, and branding play a role in menu development. Let’s look at how those two strategies differ: Menu Engineering Menu engineering requires a thorough analysis of price variables and a method to predict costs consistently.
Restaurants use software and smart hardware to automate everyday tasks and management duties, such as purchasing ingredients, managing inventory, making production lists, dealing with allergens, and calculating costs. The most comprehensive solutions keep all your ingredients, suppliers, and pricing details in one place.
This end-to-end solution uses data from your POS to provide insights into sales, food costs, menu engineering and inventory management. TL;DR – The Apic Touch Apicbase extracts sales information from your POS system and compares it to your recipes (ingredients, portion size, real-time supplier pricing). from your POS.
These systems allow restaurateurs to develop or restructure their recipes, provide nutritional & allergen data pertaining to food ingredients, help with dynamic menu pricing, etc. An inherent advantage of this system is that it comes integrated with the billing as well as the inventory management module. Recipe Management.
Finally, we will explore the best alternatives to MarketMan, helping you decide which restaurant inventory management platform aligns best with your needs. Inventory management: MarketMan tracks inventory and reports on stock counts and total value. MarketMan tracks ingredient prices to help optimise menu prices.
Value Consistency Above Lower Prices While a 20% lower price sounds fantastic, it doesn’t help your restaurant if deliveries are regularly late. Insist on Transparency Choose vendors who are upfront about their inventory status and schedules. Book a Demo 2. This approach makes sense. It leads to confusion and errors.
A restaurant POS system helps you manage everything from inventory to staff members, easing out a lot of the complexities involved in running a restaurant business. It allows you to manage sales, inventory, supply chain, production, orders, kitchen operations, staff, and customers with the help of a digital interface of the software.
It’s essential for everything you do, from menu pricing to closing the gap between theoretical and actual food costs i.e. detecting the causes of food cost variance. It’s based on painstaking calculations of your ingredient prices and production costs. This is your inventory from which all your recipes are created.
It centralises intellectual property (IP) related to recipes and menus, and automates inventory management. Implementing software like Apicbase enables foodservice companies to share critical information with their customers, including food provenance, allergen details , nutritional values, and carbon footprints.
The F&B director works with the order forms, the COO analyses the profit and loss statements, the inventory manager checks the stock counts, the executive chef works in the recipes database and so on. All come with their own data sets and metrics – food cost, inventory variance, sales numbers, the list goes on.
Consumers are demanding choices that cater to a variety of dietary needs, including plant-based, low-carb and allergen-free options. By analyzing historical data and real-time customer trends, these systems can predict order patterns, optimize cooking times and even recommend ingredient inventory levels.
Menu & recipe data : Ingredients, allergens, nutrition, and sustainability. Procurement & supplier data : Sourcing, pricing, packaging, and order volumes. Inventory & stock levels : Availability, usage, waste, and restocking. Sales & transactions : Order history, payments, peak times, and trends.
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