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COVID Caused Five Permanent Changes in the Restaurant Industry

Modern Restaurant Management

For many brands, an annual audit was the norm, while employees may have focused on not "getting in trouble" or "getting a good score" rather than the creation of culture. Technology can show historical sales patterns, which can help improve tasks from staffing to ordering. The Demand for Transparency.

Audits 189
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Revolutionizing Restaurant Supply Chains: The Impact of AI on Transparency, Validation, Verification, and Sustainability

Modern Restaurant Management

Luckily, tech innovations like AI have made it possible for restaurant managers to track every aspect of their suppliers’ operations, from acquiring raw materials to delivering finished products. Here, AI can help verify suppliers’ compliance with audit and certification standards. Validating and verifying food safety.

Supplies 167
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Amid Influx of New Employees, Restaurants Must Build and Reinforce Brand Excellence

Modern Restaurant Management

To increase key metrics for your restaurant – including customer loyalty, sales, and profits – establish and maintain an exemplary food safety culture, where all employees work collaboratively to maximize safety and minimize risks. Emulate innovative restaurant brands. Tech is essential to this effort.

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Top Restaurant Tech Trends in 2024

Chowly

While restaurant sales are predicted to rise in 2024, high operational costs will limit profit margins. Sales and Economic Forecast Independent restaurants bore the brunt of the pandemic, with approximately 10% closing in 2020 compared to 2.5% Sales are projected to rise, but the higher cost of doing business will challenge margins.

2024 96
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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

Although these fees can be a growth inhibitor, innovative credit card processing software, services and solutions can help drive growth and mitigate the impact of rising interchange fees. While using credit cards is a convenience for consumers, this form of payment represents a major cost center for restaurants. merchants in 2021, up from 75.9

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The Complete Guide to Increase Your Restaurant Profit Margins

Lavu

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

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What Trends Are You Seeing and What Can We Expect to See More of in 2022?

Modern Restaurant Management

Operators should gravitate towards technology to automate inventory and track costs and sales to determine the best course of action. We also foresee a lot of companies will redesign locations even further to maximize efficiency. To that end, we also foresee a lot of companies will redesign locations even further to maximize efficiency.

2022 180