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Five Ways to Use POS Data to Forecast Holiday Demand for Your Restaurant

Modern Restaurant Management

In this article, we delve into five key ways that you should be using your POS data to forecast holiday demand for your restaurant. Predict Inventory Needs Your POS system can use past data to estimate how much stock is needed to meet upcoming demand in your restaurant. On the other hand, no restaurant wants to risk overordering.

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Save Inventory, Time and Labor Cost with IoT Monitoring

Modern Restaurant Management

This article will cover how implementing automation tools like IoT monitoring can save your business money, protect your inventory, and save time. An IoT remote monitoring device will allow operators to monitor critical business items such as inventory, refrigeration, HVAC from anywhere, at any time.

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Smart Supply Chain Management Can Reduce Food Waste and Improve Margins in Your Restaurant

Modern Restaurant Management

What restaurants can do, however, is re-think how their direct food supply is managed – from transport to inventory control. In this article, we’ll look at the smart strategies restaurants can enact in their supply chain management to minimize food waste, improve margins, and ease their environmental impact in the process.

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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

In this article, youll learn: Why every operator has to monitor their restaurant profit margins Why it can be so challenging to increase your profit margins How to improve your margin numbers Lets dig into why margins, not just sales, make or break a restaurant business. This gives you a sense of how effective your menu pricing is.

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Tech Innovations that Simplify Restaurant Relocation

The Rail

By Lindsay Lawrence, Contributor Relocating a restaurant is no small feat, as it involves managing the transportation of kitchen equipment, reestablishing the space’s atmosphere, and ensuring minimal disruption to your business. These tools make it easier to ensure that equipment will fit properly.

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AI For Restaurants: Practical Uses And Real-World Benefits

ChowNow

Inventory management and demand forecasting Running out of key ingredientsor over-ordering and wasting themis one of the fastest ways to lose money. Many inventory management systems now include AI-assisted forecasting. AI-powered kitchen equipment can detect these changes in real-time and adjust the heat automatically based on volume.

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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

In this article: How to calculate your profit margin for your bar What is the average profit margin for bars? Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins.