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.

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Front of House Mobile Ordering Loyalty Program Back of House 211

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."

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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.

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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.

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Squirrel Systems

FEBRUARY 16, 2024

In this article, we delve into the anticipated restaurant and menu trends for 2024 and explore how technology, particularly advanced point-of-sale (POS) solutions, can enable restaurateurs to ride the wave of these trends successfully. This agility is crucial for staying relevant in a market where culinary innovation is critical.

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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. Leveraging data for menu optimization Tablet-based restaurant POS systems like CAKE gather data across your business.

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Seasonal Menu POS Loyalty Program Customer Experience 40

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.

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Open for Business

OCTOBER 20, 2023

Transforming the space to match your restaurant’s theme can also impact the budget, as will acquiring your first round of food, beverages, and other essentials. Investing in your team’s development improves service immeasurably while also fostering loyalty and reducing the need for frequent rehiring and retraining.

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License Email Marketing Seasonal Menu Front of House 78

Restaurant365

JUNE 4, 2021

If you haven’t yet started a loyalty program, consider implementing one. Many restaurant management systems or Point of Sale (POS) systems now have the tools and features you need to implement rewards. Reward programs can engage your customers, encouraging them to visit more often and participate in specials.

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The Restaurant Times

DECEMBER 22, 2021

The pandemic has changed the world, and it has brought significant changes to the food and beverage industry as well. Even billboards continue to attract diners, but how can you attract and capture the next generation’s attention and loyalty? But what are the steps involved in choosing a POS software? . Conclusion.

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7 Shifts

JULY 16, 2021

A common way for coffee shops to get financed is through business loan programs. Planned marketing strategies: Will you have a loyalty program? Many coffee shops also sell pastries such as croissants, muffins, cookies, and brownies for guests to enjoy alongside their beverages. Business loan. Online Ordering.

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The Restaurant Times

FEBRUARY 22, 2022

On the other side, the food and beverage business will be transformed by several automation breakthroughs such as robot bartenders, smart ordering, and delivery choices. Customers are more concerned about the environment, and they want the food and beverage industry to make significant adjustments to safeguard it. Restaurant Tech.

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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. Inventory tracking and management software Bar inventory can be complicated, with hundreds if not thousands of bottles to tabs on.

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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. Inventory tracking and management software Bar inventory can be complicated, with hundreds if not thousands of bottles to tabs on.

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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.

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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.

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Restaurant365

OCTOBER 1, 2021

To get an up-to-date net profit number, you need to pull sales and accounting data from your point of sale (POS) system and your restaurant accounting software. An integrated point of sale (POS) system, accounting software, and inventory management system allow you to understand your food costs and examine efficiencies.

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Point of Sale Food Truck Loyalty Program Inventory 78

Restaurant365

NOVEMBER 19, 2019

By integrating POS system with an accounting and scheduling platform, labor and sales data can be used for smart forecasting. Managing complex, rotating inventory. Restaurant inventory management involves a large number of moving pieces, many of which are “temporary” compared to other retail businesses.

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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?

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iTab POS

NOVEMBER 8, 2018

The good news is that you can overcome all these issues with a restaurant POS system. By introducing a POS system in your restaurant, you can dramatically boost your daily sales. Not only that, a restaurant POS system can help you enhance the customer experience, which can lead to more repeat visits and ever-growing clientele.

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Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. However, the biggest factor in controlling food costs is improving your inventory management. These recurring costs can be broken down further by category. Technology Costs.

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Point of Sale License Insurance Employee Relations 120

Restaurant365

DECEMBER 4, 2020

Understanding this break-even number, which is based on your operating expenses, informs everything from your staffing decisions to adjustments in inventory. This approach has been challenging for restaurants in particular, who have labor and inventory that can be difficult to adjust quickly. Managing rotating inventory.

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7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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BNG Point of Sale

JUNE 21, 2021

Menus are often small, reducing food costs and the space needed for food inventory. Restaurant owners can also taper the menu down by removing low-performing items, focusing on profitable ones, and finding ways to support the demand like improving the beverage menu, offering complimentary sides, and offering other takes on popular dishes.

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BNG Point of Sale

AUGUST 27, 2021

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). Operating a fully integrated POS (Point of Sale) system is a necessary expense for common restaurant operations.

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Point of Sale Social Media Customer Service Online Ordering 52

7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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Operations Management Management Mobile Ordering 352

Restaurant365

JULY 8, 2021

If you already offer a loyalty program or are considering implementing one, you can leverage that platform to encourage more in-restaurant dining. Since these guests clearly already enjoy your restaurant through takeout or delivery, they may be very open to returning back to your dining room in person.

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Point of Sale FOH Fine Dining Online Ordering 78

Focus POS

MAY 5, 2020

POS software for restaurants does more than just process transactions. On the front end, POS software for restaurants empowers employees to do their jobs better, faster, and more accurately. In the back office, the right system can save hours by automating scheduling, payroll, inventory, and more. Create More Detailed Reports.

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Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. Modern Point of Sales (POS) solutions go way beyond billing. That means, sure, they’ve had a rough year.

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Email Marketing Merchandise Website Management Point of Sale 72

Modern Restaurant Management

AUGUST 5, 2020

TouchBistro acquired Boston-based TableUp, a provider of loyalty and marketing solutions for the restaurant industry. 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. ” Tyga Bites Launches.

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Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. Modern Point of Sales (POS) solutions go way beyond billing. That means, sure, they’ve had a rough year.

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Email Marketing Merchandise Website Management Point of Sale 52

Lavu

MARCH 11, 2020

From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Whether you are looking for effective inventory management software or just a POS system for your business, restaurant management software is something you cannot afford to miss.

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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. . A bakery POS is one of the most important pieces of software for any bakery with a storage area.

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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.

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Loyalty Program Fast Casual Point of Sale Online Ordering 183

Restaurant365

APRIL 16, 2021

Rather than waiting for a weekly, monthly, or even quarterly P&L, restaurant accounting software that is integrated with your Point of Sale (POS) system can easily automate an up-to-date P&L report. The key to controlling your restaurant food cost is a tightly controlled inventory. Implement New Customer Loyalty Programs.

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The Restaurant Times

DECEMBER 13, 2021

The largest Food and Beverage (F&B) industry in the Middle East is in Saudi Arabia, valued at USD 45 billion. Investing in an efficient POS system allows food establishment owners to concentrate on their core business while the POS system takes care of the operation management. Invest In Technology.

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License Email Marketing Cash Management Loyalty Program 10

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. Secure POS employee management.

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