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The Top 5 Restaurant Inventory Management Mistakes and How to Avoid Them

Restaurant365

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

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How to keep your food business going during the COVID-19 / corona crisis

Deliverect

Governments all over the world have been ordering restaurants, bars and other food businesses to close up shop - until further notice. This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels. It can also be challenging to manage cancelled reservations.

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How the Tech Industry is Shaping the Future of Dining

Lavu

The words “restaurant management system” rarely cause excitement. While service and food remain the most important parts of driving your business, your restaurant’s management system is what keeps it running smooth and healthy. Restaurant Management Is Evolving Rapidly Too. A Historical Look at the Evolving Restaurant.

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase. Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system.

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase. Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.