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. With the promise of lower labor costs, less waste, more effective marketing, and a better guest experience, it’s easy to see why. These are some of the latest hospitality trends to consider for your restaurant.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Focus POS

JANUARY 15, 2020

Your restaurant POS systems helps reduce costly errors by improving order entry accuracy, and can optimize your pricing to ensure you get the best profit margin possible. This can help you pinpoint areas of theft and waste, and help you accurately forecast your inventory needs. Labor Management. Theft and Shrinkage.

POS 151

POS Front of House Loyalty Program Inventory 151

The Restaurant Times

JUNE 6, 2023

By optimizing inventory management, restaurant software empowers businesses to minimize waste, prevent overstocking, and maintain adequate supplies. With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability.

Inventory 52

Inventory Management Management Food Supply 52

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. They support online ordering, mobile payments, and loyalty programs and can integrate with third-party delivery services.

2024 52

2024 Technology Menu Mobile Ordering 52

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. Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. Smaller menus in general.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Clover - Restaurants

APRIL 25, 2024

In fact, we’ll tell you why sharing your secret sauce can even be a key to customer loyalty. To help control cost: By precisely documenting ingredient quantities, recipe cards can help minimize food waste –and as a result, optimize profitability. They can be traced all the way back to Ancient Greece and Rome.

Design 52

Design Loyalty Program Social Media Allergens 52

Restaurant365

SEPTEMBER 3, 2021

The difference between the two represents food that is being wasted due to errors, spoilage, or improper usage. Minimizing Food Waste. In addition to examining inventory and purchasing processes, a profitability strategist can also develop strategies for mitigating food waste. Implementing New Pricing.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Modern Restaurant Management

SEPTEMBER 15, 2021

15 percent have ordered alcoholic beverages with food for delivery or takeout, on par with the 18 percent of Canadians that say they’re likely to do this. It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. ” Supporting Local.

2021 178

2021 Loyalty Program Retail Online Ordering 178

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

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

Modern Restaurant Management

OCTOBER 22, 2020

Together, they are launching the Pathways to Black Franchise Ownership program, an innovative personal development training initiative that equips potential business owners to operate high-performing businesses. The program’s goal is to create 100 Black-owned franchise restaurants by the end of 2022 and to continue growing that number.

Franchise 154

Franchise Franchising Loyalty Program Kitchen Safety 154

Modern Restaurant Management

DECEMBER 16, 2019

Starbucks and McDonald’s were also the leaders when it came to customer loyalty or visits per visitor with customer visited 2.4 “Most QSR and Fast Casual brands have already adopted a digital ordering program. The survey found that loyalty programs can be important motivators as well, according to 58 percent of respondents.

2019 128

2019 Compost Mobile Ordering Point of Sale 128

Restaurant365

NOVEMBER 19, 2019

Maintaining accurate, profitable menu pricing and planning. Automating tools like recipe costing, or using software like smart prep to reduce waste, can help streamline the business and adapt to food cost fluctuations. Balancing costs of providing delivery with a profitable bottom line. Accurately tracking business intelligence.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

Open for Business

OCTOBER 20, 2023

Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. 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.

License 78

License Email Marketing Seasonal Menu Front of House 78

BNG Point of Sale

JUNE 21, 2021

Each meal is prepared and cooked on a smaller scale, helping prevent food waste. And if the menu is priced correctly and demand is strong, any restaurant can be highly successful. Revisit Menu Pricing and Offerings. This last initiative also opens the door to better pricing through your suppliers.

Fast Casual 52

Fast Casual Food Truck Customer Service Online Ordering 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

Restaurant365

DECEMBER 4, 2020

Maintaining accurate, profitable menu pricing and planning. In addition, with shifting sales numbers, your menu should allow for a lean inventory that minimizes the opportunities for food waste. Tracking food waste trend reports, production stats, and recipe cost by location or time period can help identify inconsistencies.

2021 78

2021 Operations Mobile Ordering Social Media 78

ChefMod

OCTOBER 6, 2021

Luckily, it is faster, more convenient, and allows you to compare different prices from different vendors. Optimal Supplier Integrated Pricing Gone are the days when vendor pricing organization was done through texts or email. Furthermore, the larger orders have made suppliers more attentive and price aggressive.

2021 52

2021 Email Marketing Front of House Cash Management 52

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. You may also focus building a relationship with vendors, which may enable you to negotiate better contract prices. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Reduce Food Waste Once you have reduced the costs of your ingredients, it's time to ensure that almost none of it goes into the trash.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

Alcoholic beverages average out around 20%. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Reduce Food Waste Once you have reduced the costs of your ingredients, it's time to ensure that almost none of it goes into the trash.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

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 167

2023 Loyalty Program Fast Casual Customer Experience 167

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. TouchBistro Acquires TableUp.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

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. Live menu updating software Beverage offerings tend to change over time, and depending on what you sell, they could do so frequently.

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. Live menu updating software Beverage offerings tend to change over time, and depending on what you sell, they could do so frequently.

Inventory 195

Inventory Bar Management Management 195

Modern Restaurant Management

AUGUST 16, 2021

Government data provides evidence that restaurants are raising menu prices to help offset higher labor costs. The monthly Food Away from Home Consumer Price Index rose to over 4 percent in June, after pacing mostly in the lower single-digit range since 2H09, according to Federal Reserve Economic Data. ” F&B Outlook.

2021 180

2021 Guest Recovery 2019 Loyalty Program 180

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 189

2022 Food Supply Mobile Ordering Customer Experience 189

7 Shifts

FEBRUARY 8, 2024

You’ll also gain powerful data into your guests’ behavior and preferences, which you can feed back into your marketing efforts or your loyalty program. BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Get a Demo 6. Apple | Android 9.

Operations 367

Operations Management Management Mobile Ordering 367

7 Shifts

FEBRUARY 8, 2024

You’ll also gain powerful data into your guests’ behavior and preferences, which you can feed back into your marketing efforts or your loyalty program. BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Get a Demo 6. Apple | Android 9.

Operations 352

Operations Management Management Mobile Ordering 352

Modern Restaurant Management

APRIL 2, 2020

When a restaurant fails, the impact radiates across Main Street and affects an entire ecosystem of food and beverage providers, community banks, farmers, and many more,” said Chris Comparato, CEO of Toast. ” The platform includes tools like email marketing, coupons, and a loyalty program that are built-in and ready to go.

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

Apicbase

JUNE 16, 2023

It includes the cost of ingredients, packaging, and other costs associated with producing the food and beverages. COGS help you determine if you’re pricing your menu items correctly based on the purchase price of the ingredients. It tells you if you’re pricing an item correctly and whether it will be profitable or not.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Modern Restaurant Management

MAY 27, 2020

In addition to serving 15,000 restaurants and food services clients across the globe, Zuppler enjoys important partnerships with leading transactions processor Worldpay (acquired by FIS in 2019) and Rewards Network, a provider of loyalty-based marketing and financing services to the restaurant industry. percent for each order.

Food Safety 176

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 176

Modern Restaurant Management

FEBRUARY 18, 2020

We’re going to see companies come to market with the ability to tap into their security systems and use facial recognition and audio, enabling them to: Identify customers and attach them to loyalty programs. This is already creating major shifts in customer discovery, loyalty, and relationship. Reduce theft.

Mobile Ordering 215

Mobile Ordering Front of House Fast Casual Customer Service 215

Restaurant365

APRIL 16, 2021

As a whole, restaurant profit margins are much lower than other industries, due to perishable item waste, staff turnover, seasonality, and other factors. Once you know where that variance lies, you can start diving into individual ingredients to figure out what is causing food waste. Implement New Customer Loyalty Programs.

Loyalty Program 88

Loyalty Program Point of Sale Guest Recovery Seasonal Menu 88

Modern Restaurant Management

AUGUST 19, 2020

PopID accounts also tie to loyalty programs for automatic credit with every purchase. launched US Foods Ghost Kitchens, a program designed to guide restaurant operators every step of the way when opening their own operation, helping them easily add a new revenue stream. They both went through a management training program.

Kitchen Safety 206

Kitchen Safety Loyalty Program Delivery Customer Service 206

Modern Restaurant Management

MARCH 11, 2020

US Foods will finance the acquisition primarily with $700 million in fully committed financing from Citigroup and Bank of America and will fund the balance of the purchase price through its existing liquidity resources. This strategy builds on the tremendous success the company had this past year focusing on the food and beverage industry.

Bar 154

Bar Cash Management Loyalty Program Point of Sale 154