7 Shifts

NOVEMBER 17, 2021

Both situations could have been prevented with proper restaurant inventory management, which gives restaurant operators better oversight over what's in stock and how it is used. You'll also be less likely to order too much of any ingredient, which leads to food waste. The Best Restaurant Inventory Management Software.

Inventory 370

Inventory Management Management Point of Sale 370

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. This can reduce your budget for ingredients and, at the same time, minimize food waste.

Point of Sale 222

Point of Sale Seasonal Menu Food Supply Cash Management 222

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. Sometimes loss happens.

Management 128

Management Management Bar Inventory 128

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. US Foods Springs into Helping Bars and Grills.

Bar 133

Bar Cash Management Loyalty Program Point of Sale 133

7 Shifts

MAY 25, 2020

If you’re using a task management app like 7tasks , ensure that each task is assigned to a specific person to enforce accountability—and have your managers check the task list progress throughout the shift. Service station, bar, and counters. As with delivery, make sure to sanitize the payment terminal and avoid handling cash.

FOH 338

FOH BOH Kitchen Safety Cash Management 338

Lavu

OCTOBER 13, 2023

Efficiently manage reservations: Ensure that the booking system is organized and avoids overbooking to prevent delays in table turnover. Use technology, such as a restaurant management software, to track who chose to reserve a table, and manage waitlists effectively. This allows for better planning and faster turnover.

Seating 173

Seating Mobile Ordering Customer Service Cash Management 173

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Health-Conscious Food Will Dominate Menus. Delivery Options.

2022 216

2022 Customer Service Online Ordering Website Management 216

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Xtra Chef

SEPTEMBER 14, 2020

This product release includes the debut of Waste Tracking for Inventory Management users, updates to xtraCASH and Sync, and some new features to look for in the Vendor Hub and Purchasing & Ordering Management. Inventory Management users, meet Waste Tracking! From there, click Add New to add a waste event.

Waste 88

Waste Cash Management Online Ordering Inventory 88

Ken Burgin

FEBRUARY 17, 2020

Ever seen staff help themselves to food, drink or even cash, and they seem to think it’s OK? You call it shrinkage, waste, ‘unders’, discrepancies or theft. It’s the grey areas that cause problems: drinks or food for friends and family, sloppy work that results in waste, or taking home left-overs. What do they call it?

Point of Sale 88

Point of Sale Cash Management Waste Hotels 88

Modern Restaurant Management

JUNE 30, 2020

It’s relevant today because it helps restaurant leaders contend with enduring issues like crisis recovery, demand fluctuations, food waste, keeping the human touch, managing change, and retaining employees. Now, we were looking at all the interconnecting work of everyone in a store, the way it really happens.

Management 164

Management Management Cash Management Beverage 164

Restaurant365

MARCH 10, 2022

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. Use a budget system to ensure you are proactively managing your spending. Manage inventory levels. Theoretical Food Cost.

Inventory 78

Inventory Management Management Merchandise 78

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

Margin Edge

FEBRUARY 24, 2022

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. With bottled beer, you buy a bottle and mark up the price by a certain amount, which automatically gives you lower COGS percentages because there is less waste.

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. Bar owners and operators have similar concerns when it comes to analyzing operating costs: Do we add comps into sales when figuring out our true cost percentage? For some, bar costs might be 15%, others could be 25%.

Cash Management 104

Cash Management Inventory Coaching Bar 104

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

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 207

Food Safety Mobile Ordering Online Ordering Kitchen Safety 207

Restaurant365

NOVEMBER 20, 2020

The leadership team reviews Restaurant365’s AvT analysis report with location managers on a weekly basis. These meetings encourage accurate reporting counts, in addition to enabling corporate to hold managers accountable.

Demo 148

Demo Point of Sale Cash Management Waste 148

Open for Business

FEBRUARY 1, 2023

That could mean upgrading the tables and chairs to commercial outdoor furniture or adding an al fresco bar complete with bar stools. The alfresco dining boom isn’t going anywhere, and there’s plenty of time to cash in on it. By carefully managing your tables outdoors, you can more accurately adjust your reservation availability.

Seating 78

Seating Outdoor Dine-in Reservations 78

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

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

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. Coffee Planet partners with The Waste Lab to implement sustainable waste solutions. The winner will receive a cash prize of €5,000 (US $4,817). Registration is now open.

2022 135

2022 2023 Point of Sale Webinar 135

BNG Point of Sale

AUGUST 19, 2021

electric and waste removal.) . You get a strong look at the biggest indicators for profit and how those elements are managed. Reduce Food Waste with Tight Inventory . Food waste comes in many forms, the biggest being theft, freebies, and loss of freshness due to prolonged storage. BNG POS can help with all this work.

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

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

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. In addition there is also a poolside bar.

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

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

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

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Do not allow guests to congregate in waiting or bar areas. Avoid having salad bars and buffets, unless staff does the serving.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Modern Restaurant Management

FEBRUARY 14, 2020

Welcome to the "Love" edition of Modern Restaurant Management (MRM) magazine's Research Roundup, which offers Valentine and dating trends, the State of Local Restaurants and the Brand Bowl Report. Reese’s first ever Super Bowl commercial was all about their Take 5 candy bar. Food Waste is Higher. Mountain Dew.

2020 108

2020 Waste Food Order Point of Sale 108

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 111

Catering Mobile Ordering Customer Service Leadership 111

Touch Bistro

APRIL 12, 2021

This includes taking simple steps, like ensuring you don’t order too much produce and ending up with excessive food waste. A customer pays in cash at the bar for a $15 2-oz cocktail, but the bartender enters the order into your POS system as a $10 1-oz cocktail and pockets the other $5, leaving no paper trail of the theft.

Cash Management 52

Cash Management POS Inventory Point of Sale 52

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

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. . Catering

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

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. Instead, open the floodgates!

FOH 78

FOH Mobile Ordering BOH Front of House 78

Modern Restaurant Management

DECEMBER 21, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their perspection on 2020: What lessons did you learn and what do you feel the restaurant industry learned this year? Jockey Hollow Bar + Kitchen's Chris Cannon. Here are their responses. Click here for part two. Anita Adams, CEO of Black Bear Diner.

2020 166

2020 Online Ordering Point of Sale Fast Casual 166

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 178

2022 Food Supply Back of House Kitchen Safety 178

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform. SugarTrek , Inc.

Online Ordering 209

Online Ordering Back of House Customer Service Small Business 209