Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

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Inventory Management Management Waste 103

Modern Restaurant Management

SEPTEMBER 27, 2023

Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow. Inventory management is another key issue that can creep up if owners are not aware of what product they have and how much is currently available.

Cash Management 207

Cash Management Restaurant Law Food Safety Point of Sale 207

Restaurant365

AUGUST 4, 2020

You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Culinary Cues

MAY 13, 2023

Just like in Escoffier’s kitchen there will be upward reporting through lead cooks, sous chefs, executive sous chefs, pastry chefs, executive chef, and food and beverage directors. This is very apparent in clubs, resorts, and hotels. Know what you want and chart a path.

Hotels 426

Hotels Point of Sale Cash Management Training 426

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. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance. Actual Food Cost (COGS).

Inventory 78

Inventory Management Management Merchandise 78

Modern Restaurant Management

FEBRUARY 15, 2024

The Apex of Ice Supply Management With the tyranny of heat comes an expanded demand for ice—beverages must be served chilled, and certain food items require ice for preservation. Augment Ice Production Ensure your ice machine inventory can match the impending demand.

Kitchen Safety 117

Kitchen Safety Equipment Fine Dining Food Safety 117

Rocket Fuel

MAY 1, 2023

Focusing on increasing QSR beverage sales offers an exciting opportunity for revenue growth. In this article, we’ll explore why beverage sales are crucial for your bottom line and provide you with ten actionable tips to increase your beverage sales. Why are beverage sales so important to margins?

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Beverage 2023 Coaching 2022 52

Culinary Cues

MARCH 26, 2022

Well, you have all heard the statistics about success and failure when food and beverage are involved, so I won’t repeat them. All of the tools are available for inventory control, purchasing systems, cash handling, costing templates, and quality assessment. Training ALWAYS pays back in dividends. Harvest America Ventures, LLC.

Cash Management 366

Cash Management Social Media Restaurant Law Communication 366

Modern Restaurant Management

DECEMBER 27, 2023

As such, restaurants are investing in training and development programs to upskill their workforce, ensuring team members are equipped to handle the latest tools and technologies. Beyond the menu, we’re also seeing restaurants embrace smart inventory systems and blockchain technology to monitor and optimize the farm-to-fork narrative.

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2024 Food Supply Kitchen Safety Influencer 202

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. On any given day, you may be receiving multiple food and beverage shipments from different vendors, farmers, or distributors. Understanding how to master restaurant inventory management is an invaluable skill. Set up your POS to track restaurant inventory.

Inventory 78

Inventory Management Management Waste 78

Mad Mobile

FEBRUARY 26, 2024

Are you keeping a close eye on your beer, wine, & liquor inventory costs? It also has one of the most complex stock lists. Because liquor, wine, and beer have such wildly varying prices, it pays to keep tight controls on ordering and inventory. Operators who calculate their cost of sales add 2–10% to their bottom line.

Inventory 40

Inventory Bar Management Management 40

The Restaurant Times

NOVEMBER 15, 2021

You work hard to train your bar staff, keep your customers happy, maintain positive distributor relationships, stay on top of your bar’s sales and inventory data, keep your establishment clean, bring in business, and reinforce the big picture of your bar, whether you’re a bar manager, beverage director, or general manager. .

Training 52

Training Bar Dietary Restrictions Point of Sale 52

Culinary Cues

AUGUST 9, 2021

Make them feel as if they are part of your mission – they are! [] FOR THE SERVICE STAFF: Training, teaching, and tasting are all part of the program. Make it fun! [] FOR THE SOMMELIER AND BARTENDER: Food and beverage pairing is a fast road to customer satisfaction and a great way to maximize profit potential for the restaurant.

Front of House 473

Front of House Customer Experience Workshop Dine-in 473

Lavu

NOVEMBER 17, 2023

This low profit margin can be attributed to the high overhead costs associated with running a restaurant, including rent, labor, food and beverage costs, and utilities, often account for a major chunk of your expenses, making it challenging to increase your restaurant profit margin. 3 Ways to Improve Your Restaurant Profit Margins 1.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

FEBRUARY 28, 2023

Keeping staff has long been an issue for the food and beverage industry, but many restaurants now feel it is their primary obstacle to running a successful business. But instead of relying on their memory, consider creating short, instructional videos – on food safety, sanitation, inventory, etc.

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Management Management Food Safety Communication 197

Sculpture Hospitality

SEPTEMBER 22, 2023

21, 2023 (GLOBE NEWSWIRE) -- Sculpture Hospitality, the leading trailblazer in the food and beverage inventory management industry, proudly announces a substantial milestone in its journey of growth and success with several of its dedicated employees transitioning to franchise owners. TORONTO, ON, Sept.

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Franchise Franchising Hospitality Innovation 146

Culinary Cues

SEPTEMBER 27, 2023

So, let’s take inventory. You can become a chef, an executive chef, restaurateur, food and beverage director, culinary teacher, or consultant. When we depend on people who are dependable and well trained then the kitchen is like a fine-tuned orchestra and the expeditor is the conductor.

Employee Relations 385

Employee Relations Fine Dining Training Communication 385

Modern Restaurant Management

DECEMBER 21, 2023

BrewLogix sees consumers of craft beverages moving from a “consumption creates the experience” mindset to an “experience creates consumption” mindset. Craft beverage consumers have evolved. They look for experiences that include craft beverages rather than viewing consumption as the end game.

2023 123

2023 2024 Insurance Employee Relations 123

Culinary Cues

DECEMBER 17, 2020

There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables. PLAN BETTER – TRAIN HARDER. Even the best operators are at a loss for solutions.

Uniforms 470

Uniforms Cash Management Brewery Consumer Goods 470

Restaurant365

SEPTEMBER 17, 2019

Knowing how to manage restaurant inventory is essential for a healthy business, no matter if you have one location or several. Your sitting inventory (in product or dollars) is one of the main factors influencing your food cost and your bottom line. So, how do you to manage restaurant inventory accurately and efficiently?

Inventory 60

Inventory Mobile Ordering Food Supply Point of Sale 60

The Restaurant Times

AUGUST 10, 2020

Restaurant inventory is readily prone to contamination, theft, and pilferage which adds to the overall costs. Therefore, it is essential to keep a keen eye on the inventory to ensure that there is no wastage or unnecessary expenses. Mentioned below are some vital inventory s that must be looked for. . Perpetual Inventory Form.

Inventory 52

Inventory Operations Waste Uniforms 52

Modern Restaurant Management

SEPTEMBER 14, 2022

However, trained chefs don’t need to worry about losing their jobs to a restaurant AI yet, but we cannot dismiss this scenario entirely either. Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs. Role of AI in Back of House.

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

Modern Restaurant Management

MAY 19, 2022

Train Staff on the Importance of Restaurant Inventory Control. Training staff on inventory control provides value to your entire organization. Forecasting enables you to purchase food, beverage, and supplies at the right level. Learn to Forecast Accurately.

Waste 187

Waste Food Supply Point of Sale Inventory 187

Embrace the Suck

APRIL 26, 2020

By knowing the GCA today, you can train your team to increase sales and thus have an impact on the lagging KPI of sales for that day. Cost of goods (COGS) sold refers to the cost required to create each of the food and beverage items you sell to guests. COGS = Beginning inventory + purchased inventory - final inventory.

Cash Management 435

Cash Management Point of Sale Inventory Bar 435

Modern Restaurant Management

SEPTEMBER 22, 2021

Remember that it can also be expensive to hire and train new employees. Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run. You cannot get any licenses or permits without your EIN.

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License Employee Relations Equipment Food Supply 178

Restaurant365

MARCH 23, 2022

Closely manage your inventory. Restaurant inventory management monitors what ingredients come into your restaurant, what is leaving, and what is left over. Inventory tracking is an essential restaurant task—with more efficient food, beverage, and supply orders, you are saving money and adding to your bottom line.

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Food Waste Inventory Food Order 78

Sling

MAY 13, 2023

14) Stocker Some restaurants employ a stocker who is responsible for unloading, placing, and maintaining the business’s food, beverage, and supply inventory. 18) Bartender The bartender’s primary responsibility is taking beverage orders from servers, or directly from customers, and then producing or mixing those drinks.

Front of House 78

Front of House Back of House Kitchen Safety Food Truck 78

Goliath Consulting

DECEMBER 29, 2020

Champagne is not just for celebrations,” goes the old statement in every beverage manager training manual, “but champagne is perfect for celebrations!” It is time to bid farewell to a tumultuous 2020 and bring in the new year with an inside look at what beverage professionals will be pouring in their flutes this New Year’s Eve.

2007 158

2007 Point of Sale Beverage Vineyard 158

7 Shifts

JANUARY 23, 2020

Plan out your labor costs (costs associated with staffing) by researching average wages in your area, suggested training costs, and any benefits you’ll provide. Training before opening. Everyone can sell food and beverages, the differentiation is in the details. Make sure you’re building a restaurant of the future not the past.

2020 335

2020 Hiring Cash Management Education 335

360Training

APRIL 1, 2019

It’s tempting to apply this strategy to inventory management, but that’s a big mistake. Unless you want to risk spoilages, shortages, and misuse of resources, you need to apply an organized system to your inventory. Always do inventory in teams of two. when you have it. Stay organized. Everything in its place.

Inventory 60

Inventory Bar Management Management 60

Culinary Digital

MARCH 20, 2024

It offers a variety of advantages that significantly contribute to the success of streamlined onboarding: Simplified Training A limited menu serves as a cornerstone of efficiency in the onboarding process for fresh additions to the team, be they kitchen staff or servers.

Seasonal Menu 52

Seasonal Menu Customer Service Customer Experience Training 52

Restaurant365

MAY 26, 2020

For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

Restaurant365

JANUARY 18, 2022

Pre-consumer waste is all food that’s wasted before it gets to the customer, like spoiled inventory and kitchen scraps. Food waste reduction requires some additional work to properly store, monitor, and use inventory ingredients, so employees must be fully invested in the process. Monitor inventory days on hand. Reduce spoilage.

Waste 147

Waste Compost Food Consumer Goods 147

Lavu

FEBRUARY 2, 2024

A POS system is not just about taking orders; it’s a powerful tool for efficient inventory management. By digitally tracking inventory levels, restaurateurs gain real-time insights into the amount of food items in stock. Invest in integrated POS systems like Lavu to streamline your inventory management process.

Waste 78

Waste Food Compost Audits 78

Restaurant365

MARCH 13, 2020

In an unprecedented turn of events, the NBA and NHL have suspended the remainder of their seasons and MLB has suspended spring training and will almost certainly delay the start of the 2020 regular season. Run your stock usage report for inventory turns. Other restaurants in the area were not so fortunate. Adjust your ordering.

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Mobile Ordering Online Ordering Food Order Events 167

Restaurant365

JUNE 22, 2021

Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Train your store-level managers. The success of your food waste optimization hinges on prioritizing training for your store-level managers in every area.

Compost 88

Compost Food Waste Front of House 88