Modern Restaurant Management

FEBRUARY 26, 2024

By choosing the best payment provider, negotiating the best rates and pricing structure, and auditing your monthly merchant statements, businesses can increase their profitability and improve their financial health for long-term success. This can significantly impact a business's bottom line.

Audits 141

Audits Franchise Franchising Pricing 141

Modern Restaurant Management

FEBRUARY 14, 2023

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. Now, massive layoffs in other sectors (including tech, real estate, etc.)

Food Safety 186

Food Safety Kitchen Safety Loyalty Program Employee Relations 186

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Apicbase

MAY 12, 2023

In this article, I explore what high performers do differently from low performers to achieve operational excellence. Drivers For OpEx OpEx refers to the practice of optimising operational processes to improve efficiency, reduce costs, and enhance the customer experience. It’s called operation excellence.

Operations 52

Operations Back of House Sustainability Front of House 52

Chowly

FEBRUARY 23, 2024

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% trillion in sales for 2024 signals strong economic activity.

2024 96

2024 Loyalty Program 2023 Point of Sale 96

Culinary Cues

DECEMBER 30, 2019

In all cases they begin with the same goals: prepare and serve great products that are consistent and offered with a smile, build success on a steady flow of sales and controlled profitability, and do all of this with pride. I have the privilege of working with many different restaurants and food businesses. So why does it sometimes go wrong?

Cash Management 266

Cash Management Point of Sale Leadership Website Management 266

Modern Restaurant Management

OCTOBER 26, 2022

While using credit cards is a convenience for consumers, this form of payment represents a major cost center for restaurants. In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. According to a PYMNTS survey of 3,250 U.S. billion in food items in February. billion in fees.

Consumer Goods 177

Consumer Goods Restaurant Law Audits Customer Service 177

Lavu

FEBRUARY 2, 2024

Proper food waste management is crucial in this regard, involving practical tips such as conducting a waste audit to identify areas where waste can be minimized. In the face of a staggering global issue, restaurants must proactively avoid food waste. billion tons of food are wasted annually across the globe.

Waste 78

Waste Food Compost Audits 78

The Restaurant Times

JULY 28, 2021

To manage the waste effectively, you need to put together an effective Standard Operating Procedure (SOP). Conduct Waste Audits. You need to conduct waste audits to know the exact amount of food waste that gets generated from various sources. Food wastage is one of the core problems of UAE restaurants. Categorize The Waste.

Waste 52

Waste Management Management Operations 52

Modern Restaurant Management

JANUARY 8, 2024

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. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Restaurant365

DECEMBER 10, 2021

As a restaurant owner or operator, you may want to consider examining your restaurant group’s payroll and accounting integration and how it can impact your business. For restaurants, operating by calendar month doesn’t provide comparable data, because there are an uneven number of weekend days in each month.

Point of Sale 146

Point of Sale Back of House Front of House POS 146

Modern Restaurant Management

DECEMBER 16, 2021

Additionally, as a result of the ongoing labor shortage, we anticipate more automated chatbots to support on-site team members and help streamline their work as well as operators looking for locations with smaller dine-in square footage in favor of adding more drive-thru lanes. Clinton Anderson, CEO, Fourth Enterprises.

2022 178

2022 Food Supply Back of House Kitchen Safety 178

Restaurant365

NOVEMBER 30, 2021

Multi-location and multi-state restaurant groups, in particular, need robust payroll solutions to address operational and accounting challenges. For many restaurants, the weekend provides significantly higher sales levels than a weekday. Without a comparable number of weekend days, it is difficult to compare data month over month.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Embrace the Suck

DECEMBER 25, 2019

In foodservice, it’s their operations team. They get a commission based on overall sales for their territory. They basically work for their sales team. What you want to ask for is margin instead of markup and you want it to be auditable. A lot of stuff they don’t want you to know! ” Not so fast.

Food Truck 289

Food Truck Food Audits Tip Distribution 289

Modern Restaurant Management

JANUARY 13, 2020

Now that the new year is here, it’s the perfect time for restaurant operators to review their 2019 performance and identify areas that can be improved in 2020. Specifically, restaurant operators will want to look at data insights from their POS system, customer transactions, and payroll to identify 2020 goals.

2020 186

2020 Website Management Online Ordering Point of Sale 186

Restaurant365

JANUARY 22, 2020

Restaurant technology innovations are quickly changing the way the restaurant industry does business, as restaurant owners leverage technology to streamline operations , reduce costs, and attract customers. A professional forensic audit of your business. A professional forensic audit of your business.

Audits 88

Audits Point of Sale Front of House POS 88

Apicbase

APRIL 5, 2024

Automate your restaurant’s operation for efficiency and scalability. Restaurant automation is the use of technology to simplify and improve restaurant operations. Back of house (BOH) operations are complex and have many moving parts. But automation in food service is much more than that. What Is Restaurant Automation?

Back of House 52

Back of House Front of House BOH Point of Sale 52

7 Shifts

JUNE 3, 2022

While money isn't everything, it's one of the biggest pain points for restaurant workers right now. Whether they're in school, have kids, or need time for auditions, restaurant workers can live the lifestyle they want outside the traditional 9-to-5. We don't have to tell you that the restaurant industry has a turnover problem.

Tip Distribution 398

Tip Distribution Email Marketing Communication Coaching 398

7 Shifts

SEPTEMBER 19, 2022

But we're at an inflection point in the restaurant industry. They offer work-life balance, flexible schedules, useful benefits, and operate on strong core values. And what can operators do more (or less) of to make hospitality a long-term and viable career? Turnover in restaurants is as high as ever. Table of Contents.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

Ordyx

DECEMBER 19, 2019

​2019 marked the 10th consecutive year of record sales for the distilled spirits industry. Educate Your Staff on Variance While Training Them By reinforcing the impact of variance has on your business, you can begin to cultivate a detail-oriented workforce that operates with these costs in mind. ​​​I.

Bar 52

Bar Operations 2020 Point of Sale 52

Modern Restaurant Management

MARCH 2, 2021

With same-store sales growth of -4.9 This is good news for an industry that struggled the last two months of 2020, as sales and traffic growth worsened compared to the COVID-era peak achieved in October. There also continues to be resiliency from restaurant operators, and perhaps some goodwill from restaurant guests as well.

2021 186

2021 Point of Sale Food Safety Kitchen Safety 186

Modern Restaurant Management

DECEMBER 11, 2019

Or how do the internal legal and regulatory compliance officers or relevant external advisors make sure that such requirements are known and embedded in the operational fabric of the company? How Multi-domain Data Governance Works from Farm-to-Fork.

Management 126

Management Management Food Food Safety 126

Ken Burgin

JULY 9, 2022

Short points about your commitment to honesty and hard work, plus care and respect for customers and for the staff. Reliable data from the Point of Sale – showing the truth about sales, including proper correction of over-rings and elimination of ‘open key’ abuse. Doing to others as you would have people do to you.

Point of Sale 60

Point of Sale Cash Management Website Management Audits 60

Lavu

JANUARY 21, 2020

The restaurant industry is one of the most fast-paced, with endless to-do lists. While it may be exciting to own a restaurant and serve your customers, some vital tasks like doing accounts may be quite challenging. With all the factors that go into consideration, doing your accounts can be overwhelming. Saves Administrative Time and Effort.

Audits 78

Audits Back of House Point of Sale Front of House 78

Modern Restaurant Management

SEPTEMBER 2, 2022

Improving your restaurant’s SERP rankings can help generate more online visibility and subsequently more online sales. Six Tips to Improve Your Restaurant’s Local SERP Rankings. There are no cookie-cutter approaches to SEO. However, with that said, there are common SEO tasks that can be done to improve SEO.

SEO 178

SEO Social Media Audits Point of Sale 178

Xtra Chef

AUGUST 26, 2020

He’s now the Director of Operations at the company, and works directly with Genuine Article clients to implement xtraCHEF at their businesses. But a more detailed CoA can help restaurants tell their story through data, stay audit-ready, and easily uncover inefficiencies that are costing the business money. Keep reading for his insight!

Point of Sale 112

Point of Sale Article Book 2011 112

Perfect Daily Grind

OCTOBER 1, 2022

The online event will explore the challenges that farmers and their communities face, as well as OOH coffee operators, and expand on how Nescafé provides support to these supply chain actors. revenue growth in 2021, bolstered by rising Nespresso sales. Nestlé states Nespresso was a significant contributor to overall sales growth.

2022 135

2022 2023 Point of Sale Webinar 135

Modern Restaurant Management

JUNE 3, 2021

This edition of MRM Research Roundup features What Feeds Us, top delivery apps, popular drinks and who is winning the chicken wars. The State of What Feeds Us. Bluedot released the fourth installment of its State of What Feeds Us report which has kept tabs on consumer behavior and restaurant habits throughout the course of the pandemic. Drive-Thrus.

2021 186

2021 Fast Casual Mobile Ordering Guest Recovery 186

SpotOn

FEBRUARY 26, 2024

A successful retail operation needs a great team. Establishing a rapport with the customer, finding out their needs, and pointing out the solutions your business offers are elements that some people find easier than others.  That being the case,  you need a recruitment operation that can deliver people with the right talents.

Recruiting 52

Recruiting Retail Point of Sale Small Business 52

The Restaurant Times

SEPTEMBER 16, 2021

Active management is the key to any successful restaurant operation. Restaurant point of sale (POS) software is one of the smartest investments you can make in 2021 if you own a restaurant. Restaurant point of sale (POS) software is one of the smartest investments you can make in 2021 if you own a restaurant.

POS 52

POS Point of Sale Inventory Consumer Goods 52

Modern Restaurant Management

SEPTEMBER 14, 2021

New & Notable spotlights the latest news restaurateurs need to know. TEAM Schostak Family Celebrates Anniversary and Employees. TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more.

Food 168

Food Tip Distribution Guest Recovery Food Safety 168

BNG Point of Sale

SEPTEMBER 2, 2021

Understanding profit margins is a vital skill to the success of any restaurant business and common restaurant operations. Energy costs, operating costs, labor costs, overhead costs, and other restaurant expenses are taken into consideration before arriving at this analysis of restaurant profit. . 30% food costs . 30% labor .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Modern Restaurant Management

MARCH 11, 2020

Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. US Foods to Acquire Smart Foodservice. reducing to approximately 3.0x

Bar 133

Bar Cash Management Loyalty Program Point of Sale 133

Apicbase

MAY 8, 2024

The right restaurant management software significantly enhances efficiency and control of operating costs. However, with numerous similar systems available, tailored to various types of food service operations and specific use cases, you might ask, ‘Which software is the best fit for my business?

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. No matter what business model your restaurant is operating on, managing your restaurant inventory helps you prevent waste, lower your food cost, and maximize your bottom line. Keep a lower stock inventory for delivery only.

Inventory 109

Inventory Delivery Management Management 109

Perfect Daily Grind

AUGUST 12, 2022

Here are this week’s stories. Mon, 8 Aug. Researchers develop laser-powered extraction to prepare cold brew in three minutes. Scientists at the University of Duisberg-Essen in Germany used a “laser synthesis and processing of colloids field” to pulse ground coffee in water 80,000 times per second. Keurig Green Mountain Inc. Tue, 9 Aug.

Recycling 143

Recycling 2022 Franchise Franchising 143

The Restaurant Times

JUNE 3, 2020

With the help of the strategies and tips mentioned in this article, a stable dark kitchen business can quickly reach operating break-even and generate profits. . A restaurant makes a profit only when the sales exceed the expenses. . The formula for calculating profit is: Sales – (Labor + Food costs + Overhead).

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88