Modern Restaurant Management

JANUARY 8, 2024

Other advancements include: integrating data from various sources, including social media, reviews, and loyalty programs, to gain a holistic view of customer behaviour as well as as well as the implementation of real-time analytics for immediate insights into customer behaviour and preferences. Nothing is fraud proof.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Modern Restaurant Management

DECEMBER 21, 2022

As mentioned before, this expands the need for loyalty programs, and also demands an agile technology stack that can go where customers are, as well as bring customers in. Loyalty will continue to get more personal and less transactional. Gamification will play a larger role in driving brand loyalty.

2023 166

2023 Loyalty Program Fast Casual Customer Experience 166

The Restaurant Times

JUNE 6, 2023

Restaurant management software revolutionizes food establishments’ operations by providing efficient tools to manage inventory and control costs. With the complexities of running a restaurant, tracking inventory manually can be time-consuming and prone to errors.

Inventory 52

Inventory Management Management Food Supply 52

Modern Restaurant Management

JANUARY 3, 2024

In 2024, brands will continue to overcome the challenge of accessing and aggregating this valuable owned data to cultivate this level of hospitality and long-term brand loyalty. Stored value will also emerge as a critical element in loyalty programs, offering added flexibility and customer benefits. – Joe Hand Jr.,

2024 129

2024 Loyalty Program Customer Experience Customer Service 129

Modern Restaurant Management

SEPTEMBER 14, 2022

AI is a program developed by humans to respond to a set of instructions under specific environments. AI programs factor in various variables like human response patterns, scenarios, locations, languages, and more to deliver what is expected of them. But before we learn more about it, here is a quick recap of what AI and ML are.

Front of House 204

Front of House Mobile Ordering Loyalty Program Back of House 204

Modern Restaurant Management

FEBRUARY 5, 2024

In this edition of MRM Research Roundup, we feature pizza predictions, Valentine's Day menu trends and lots about loyalty. Consumers Love Loyal Eighty-five percent of consumers are joining loyalty programs, and restaurant merchants know they need to capitalize. According to the 21st Annual U.S.

2024 191

2024 Loyalty Program Food Order 2030 191

Modern Restaurant Management

JUNE 15, 2021

Inventory stock changed significantly. By improving customer loyalty and increasing revenue through the smart use of technology from the public-facing part of the business all the way to the back-of-house prep, sourcing, and staffing. In the best of circumstances, they should be linked to inventory and automated kitchens.

Technology 199

Technology Loyalty Program Front of House Online Ordering 199

Modern Restaurant Management

DECEMBER 21, 2022

Spirit-based, ready-to-drink beverages will continue show vast white space, and bourbon should continue to thrive. Slow movers tie up inventory -and the cash needed to by that inventory. But brands with smart upsell strategies are also realizing larger checks and higher margins."

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

Modern Restaurant Management

JULY 30, 2020

In early March at Oracle's Food & Beverage conference held prior to the COVID-19 outbreak shutdown, Modern Restaurant Management (MRM) magazine discussed the company's plans for products and services designed to help Mom and Pop restaurants with Chris Adams, VP of Strategy for Oracle F+B about their future plans in the above video.

Technology 126

Technology Operations Loyalty Program Point of Sale 126

Focus POS

JANUARY 15, 2020

Tighter inventory control. Integrated solutions like kitchen management systems, marketing tools, and loyalty programs should also be considered when calculating ROI, since these boost sales and efficiency. Inventory Tracking. Aside from your labor, your inventory is one of your largest expenses. Labor Management.

POS 151

POS Front of House Loyalty Program Inventory 151

Open for Business

MAY 19, 2023

And showing that you’re aware of the latest trends can attract new guests, build loyalty, and raise your profile. Inventory management software updates stock levels based on POS data on what guests order. They can even be set to trigger an automatic reorder when inventory drops below par.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. We’ll explore software for inventory management, restaurant payment and billing, food delivery, dashboards, restaurant onboarding, reservation management, and ERP systems.

Management 120

Management Management Mobile Ordering Point of Sale 120

Restaurant365

MARCH 13, 2020

Based on their forecasts for that week, they ordered food and beverages for the throngs of expected customers, who in their case, never came. Run your stock usage report for inventory turns. For food and beverages you’ve already ordered, work with your vendors to lower your quantities. Adjust your ordering. Conclusion.

Mobile Ordering 167

Mobile Ordering Online Ordering Food Order Events 167

Squirrel Systems

MAY 25, 2021

Examples of extended functionality include adding online order processing from third-party delivery platforms, delivery, and loyalty and gift cards to your POS. Inventory management software makes it easy to do so right from your restaurant POS. We look at this more deeply in the next section.

POS 52

POS Loyalty Program Cash Management Point of Sale 52

Cheetah

MAY 11, 2021

Once you have a grasp on your establishment’s total allowed capacity, give some thought to the following: Inventory stock Back of house staff Social distancing and a better dining experience These 3 key pillars can make the difference between a streamlined restaurant reopening and a stalled one. Stock Up on Inventory.

Back of House 148

Back of House Front of House Food Supply Coaching 148

Apicbase

MARCH 28, 2024

The F&B director works with the order forms, the COO analyses the profit and loss statements, the inventory manager checks the stock counts, the executive chef works in the recipes database and so on. All come with their own data sets and metrics – food cost, inventory variance, sales numbers, the list goes on.

Management 52

Management Management Point of Sale Kitchen Safety 52

Restaurant365

APRIL 16, 2021

The key to controlling your restaurant food cost is a tightly controlled inventory. If your restaurant business switched to a delivery or takeout only model during the pandemic, you may have slimmed down your menu offerings, as well as your inventory. Implement New Customer Loyalty Programs.

Loyalty Program 88

Loyalty Program Point of Sale Guest Recovery Seasonal Menu 88

Focus POS

MAY 5, 2020

In the back office, the right system can save hours by automating scheduling, payroll, inventory, and more. If you aren’t convinced, here are five reasons why you should implement POS technology this year: Simplify Inventory Control. Inventory—ingredients and beverages—top the list of the costliest budget items for a restaurant.

POS 120

POS Point of Sale Mobile Ordering Inventory 120

Squirrel Systems

FEBRUARY 16, 2024

This trend extends beyond the food to include health-focused beverages, including detox juices, herbal teas, non-alcoholic spirits, and adaptogen-infused drinks. Enhancing Operational Efficiency Modern POS systems streamline operations, from order-taking and inventory management to customer relationship management and reporting.

2024 52

2024 Technology Menu Mobile Ordering 52

The Restaurant Times

NOVEMBER 30, 2021

We already know the competition that is there in the food and beverage industry. Regardless of your bakery’s size, how you handle operations like order processing and inventory management may make or break your business. . From managing inventory to the schedule of your workers, a POS system has come a long way.

Loyalty Program 52

Loyalty Program POS Point of Sale Inventory 52

Modern Restaurant Management

DECEMBER 19, 2023

. – Frances Allen, President and CEO, Checkers Brand loyalty took priority in 2023. Building these relationships with customers is key to attracting new guests and fostering long-term brand loyalty across locations. – Christine Barone, President, Dutch Bros. – Joe Hand Jr.,

2023 114

2023 Front of House Customer Experience Customer Service 114

BNG Point of Sale

OCTOBER 13, 2021

A POS targets pinpointed messages that match customer interests, thus aiding marketing initiatives, including gift cards and loyalty programs. There are two types of POS software: front-end software, where transactions are processed, and back-end software, where analytics, sales, inventory and other important data is stored.

POS 52

POS Loyalty Program Point of Sale Cash Management 52

Modern Restaurant Management

DECEMBER 14, 2021

We have historically and continue to offer competitive pay, thorough training programs, flexible hours and a fun work environment so that we can continue to staff our locations as we grow. Our biggest challenge will be to get the right team members and develop a best in class training program to develop them.

2022 186

2022 Food Supply Mobile Ordering Customer Experience 186

Modern Restaurant Management

JULY 1, 2021

The pandemic allowed more restaurants across the country to deliver alcoholic beverages, and that trend continued into 2021. These establishments offer a wider variety of beverages (82 to 78) and superior beverage quality (84 to 81). Los Angeles, CA. New York City, NY. Portland, OR. Philadelphia, PA. Top Alcohol Orders.

2021 124

2021 Loyalty Program Mobile Ordering Consumer Goods 124

The Restaurant Times

OCTOBER 27, 2021

You can go for personalized marketing and appreciate their loyalty by greeting them and giving them discounts on their birthdays or other special occasions. Moreover, you can leverage your loyalty programs by offering tier-based or point-based programs to bolster customer loyalty and sales. Serve Profitable Foods.

Bar 52

Bar Loyalty Program Point of Sale Social Media 52

Restaurant365

JUNE 4, 2021

If you haven’t yet started a loyalty program, consider implementing one. Reward programs can engage your customers, encouraging them to visit more often and participate in specials. Loyalty programs can also include incentives to encourage referrals, which is a win-win for both your loyal customer and your restaurant.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

Restaurant365

NOVEMBER 26, 2019

In addition to cost savings and increased security, cloud-based systems also provide deeper insight by integrating several different functionalities (like accounting, scheduling, inventory, and reporting) across multiple locations, all in one centralized platform. Streamlined inventory management. Automated tracking of sales and taxes.

2020 117

2020 Management Management Mobile Ordering 117

Mad Mobile

MARCH 1, 2024

These visuals not only enhance the dining experience but also present a golden opportunity for guests to discover and crave appetizers, desserts, or beverages they might have overlooked otherwise. For instance, CAKE easily integrates with Orca , a leading inventory management system.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Restaurant365

JULY 29, 2021

Increased focus on restaurant loyalty programs or custom mobile apps. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Changes in restaurant layout to maximize outdoor space, plus adding temperature controls. Keep close tabs on PPP and RRF spending.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

NOVEMBER 19, 2019

Managing complex, rotating inventory. Restaurant inventory management involves a large number of moving pieces, many of which are “temporary” compared to other retail businesses. Ingredient costs are one of a restaurant’s largest expenses and managing inventory accurately can be difficult. Conclusion.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

Restaurant365

APRIL 1, 2021

From hiring and managing staff to inventory management and the guest experience, your store-level managers hold the key to your restaurant group’s success. Streamlining inventory and reducing CoGS. Taking accurate inventory is an absolutely essential task for optimizing your food cost.

Management 78

Management Management Inventory Hiring 78

Modern Restaurant Management

DECEMBER 16, 2021

We expect restaurants to place more emphasis on these things given increased competition in the space as operators aim to increase brand loyalty both internally and externally. Operators should gravitate towards technology to automate inventory and track costs and sales to determine the best course of action.

2022 177

2022 Food Supply Back of House Kitchen Safety 177

Clover - Restaurants

MARCH 8, 2024

Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? When you’re opening a new restaurant with Clover, you can: See insights into all locations in a single terminal Automate inventory management Scale payment processing Why wait?

Loyalty Program 52

Loyalty Program Small Business Point of Sale POS 52

Modern Restaurant Management

JANUARY 2, 2024

While artificial intelligence (AI) has been a growing component of this technological landscape, its role is expected to evolve into a more supportive capacity, focusing on predictive analytics for improved inventory management and the personalization of customer experiences. The impact of these technological shifts is multifaceted.

2024 193

2024 Fast Casual Insurance Food Safety 193

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. Optimized CoGS starts with accurate and detailed inventory management , which informs all purchasing decisions. Are you able to step back and look at the bigger picture?

Waste 78

Waste Cash Management Point of Sale Inventory 78

Sling

JUNE 19, 2023

Before you set out to open a beverage service business, take the time to decide what you want your work life and your personal life to look like when the bar is up and running. The right program can often mean the difference between a smooth workday and one that’s rife with problems, confusion, and no-show employees.

Bar 78

Bar Employee Relations Equipment Advertising 78