Margin Edge

FEBRUARY 24, 2022

As a refresher, COGS = beginning inventory + purchased inventory – ending inventory. When you purchase fish for sushi, oftentimes you need to trim the fish or other ingredients (meaning there’s going to be some waste) before the product makes it onto a plate. What Are COGS & Why They Matter. Take sushi vs beer.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

Bar and Restaurant Coach

MARCH 16, 2019

The following guest post is from Frankie Merriam, Managing Partner at Olde Towne Tavern near Atlanta. At least that’s what my mentors told me when I was trying to grasp the concept of inventory and menu costing years ago. For some, bar costs might be 15%, others could be 25%. Most managers would say, “Meh, what the hell?

Cash Management 104

Cash Management Inventory Coaching Bar 104

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

Lavu

MARCH 2, 2020

Doing so helps managers and restaurant owners to make informed decisions and implement profitable strategies. The major functions of BI include data mining, reporting, analytics, online analytical processing, and business performance management. A restaurant analytics system can be built in the restaurant management software.

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. The leadership team reviews Restaurant365’s AvT analysis report with location managers on a weekly basis.

Demo 148

Demo Point of Sale Cash Management Waste 148

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. This includes the revenue of the restaurant, cashflow, inventory levels, and income statements. They document all the financial transactions of the restaurant, keeping track of the inventory, cash flow, and income statements. .

Cash Management 78

Cash Management Point of Sale Inventory Information 78

BNG Point of Sale

AUGUST 19, 2021

Food and drink inventory costs need to include the ingredients costs per meal or per drink. To calculate your CoGS, take your starting inventory amount plus the cost of that inventory and subtract your ending inventory amount. . electric and waste removal.) . Reduce Food Waste with Tight Inventory .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Mad Mobile

FEBRUARY 5, 2024

You’ll see a reduction in food waste as your order accuracy increases, and you’ll have the data to back it up ! Enhancing bars and pubs with efficient table ordering systems Bars and pubs exist in a constantly changing marketplace. Easily split checks, open tabs, and cash out with QR code or contactless payments.

Ordering 52

Ordering Fast Casual Mobile Ordering Customer Service 52

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 198

2023 Loyalty Program Mobile Ordering Customer Experience 198

Lavu

JANUARY 3, 2020

EBITDA shows the earning power of the business based on its cash flow. EBITDA subtracts all non-cash items. Some of the items excluded in Adjusted EBITDA include non-cash items, unrealized gains and losses, one-time gains and losses, non-operating income, and litigation expenses. . What is adjusted EBITDA?

Cash Management 80

Cash Management Point of Sale Seasonal Menu Inventory 80

Lavu

MARCH 13, 2020

The type of diners you receive expect to wait for less, carry less cash, and demand faster service. Checks can be cashed out or rung up right there at the table. As the restaurant owner or manager, it’s your duty to facilitate transparency. Manage Inventory for Efficient Turnaround Time.

FOH 78

FOH Mobile Ordering BOH Front of House 78

Deliverect

MARCH 17, 2020

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.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

Kitchen Safety 78

Kitchen Safety Social Media Point of Sale Front of House 78

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Next Restaurants

OCTOBER 9, 2019

If it’s time to upgrade to a modern point-of-purchase system that improves your guests’ experiences, consider these key features: Mobility Streamlined ordering Refined business workflow Customer and management metrics. Your system should also accept multiple forms of payment, including: Credit/Debit cards Cash Checks.

Customer Experience 61

Customer Experience POS Mobile Ordering Point of Sale 61

Lavu

JANUARY 21, 2020

Using a tool like Sourcery , you can easily integrate accounting software with your current restaurant management system (POS). It automatically tracks and manages expenses, income, invoice payments, payrolls, tax information, and other financial data. As you consider these factors, think of what your restaurant cannot do without.

POS 78

POS Small Business Point of Sale Customer Service 78

Notch

JANUARY 23, 2019

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.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

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.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Focus POS

AUGUST 26, 2020

As the country begins to re-open, consumers are flocking to bars to combat the heat and enjoy a drink with their loved ones. Many bars are only able to operate with patio seating, and some may have limited indoor capacity. . Operating under these circumstances presents many challenges for bar owners.

Management 128

Management Management Bar Inventory 128

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 211

Food Safety Mobile Ordering Online Ordering Kitchen Safety 211

Apicbase

FEBRUARY 29, 2024

It is estimated that the US food service sector wasted 13 million tons of food in 2022, up from 9.15 However, it was bars, pubs and takeaways that benefited from this growth at the expense of restaurants, suggesting that diners are looking for cheaper dining options. Restaurant sales in the US grew from $842.3 million in 2021, to $974.9

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

JANUARY 27, 2020

Most people do not want to order in person or by calling if they have an alternative, and by integrating pickup with delivery orders our restaurant partners have a complete picture to more efficiently manage their operations." " Grubhub Ultimate back-of-house Kitchen Display System at Taheni Grill in New York City.

Catering 123

Catering Mobile Ordering Customer Service Leadership 123

Margin Edge

SEPTEMBER 7, 2021

There are a lot of articles out there talking about what to look for in a restaurant management system (RMS), but nearly every article focuses on different software tools that fix individual restaurant problems instead of a comprehensive, all-in-one solution for holistic management. Invoice Management and Categorization.

Management 98

Management Management Inventory POS 98

Touch Bistro

APRIL 12, 2021

In fact, it accounts for 75% of all inventory shortages and 4% of sales , according to the National Restaurant Association. This includes taking simple steps, like ensuring you don’t order too much produce and ending up with excessive food waste. Cash Register Skimming. Talk about an un happy hour. Comping Too Many Orders.

Cash Management 52

Cash Management POS Inventory Point of Sale 52

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. This will streamline your inventory and give you better visual access to your shelves. Managing Food Pick Up and Delivery. Do not allow guests to congregate in waiting or bar areas.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Modern Restaurant Management

DECEMBER 14, 2021

These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2022 190

2022 Food Supply Mobile Ordering Customer Experience 190

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” Restaurants will always be popular for date nights, and restaurants with bars will always attract the thirsty.

Mobile Ordering 216

Mobile Ordering Front of House Fast Casual Customer Service 216

Lavu

JANUARY 21, 2020

You should see the amount of cash that came in and went out of your business across different periods of time. You may also waste a lot of time and effort trying to figure out how the system works. . You will likely end up wasting a lot of time and effort trying to reconcile data from each system.

POS 78

POS Small Business Cash Management Online Ordering 78

Modern Restaurant Management

MAY 12, 2020

Dunkin’s transition to paper cups will remove approximately one billion foam cups from the waste stream annually. This transition, along with the move to the double-walled paper cups, will remove a collective 19 million pounds of polystyrene from the waste stream annually. franchisees for use in their restaurants.

Mobile Ordering 151

Mobile Ordering Online Ordering Food Order Recycling 151

Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. For example, to level-up the fan experience you can combine first-party transaction data with player stats, weather conditions, and inventory to better predict game-day sales. Here are their responses.

2021 199

2021 Kitchen Safety Food Safety Mobile Ordering 199

Modern Restaurant Management

DECEMBER 31, 2019

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education. Andrew Shearer, Cofounder and CEO at Farmshelf.

2020 138

2020 Kitchen Safety Consumer Goods Point of Sale 138