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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. January is an infamously slow period for beverage alcohol sales after the fourth quarter holiday rush.

2020 206
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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Forecasting tools enable managers to purchase food, beverage, and supplies at the right level. Integration between the POS and inventory management software allows inventory to be managed from end-to-end by automating steps such as tracking recipes, uploading invoices and auto-updating item prices.

Inventory 177
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Prepare Now for a More Profitable Christmas

Ken Burgin

Finalise the Festive Menus – it may be months away, but customers want menu and price certainty. Review the range of menu styles and pricing – small, medium, large still works for pricing and range. An opportunity to sell ‘parties in a box’ with a wide variety of food and beverages, plus decorations and even music play lists.

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Coffee News Recap, 16 Sep: Brazilian coffee export revenue up by 61.4% in 2022, EU votes in favour of anti-deforestation law & other stories

Perfect Daily Grind

The increase in revenue is attributed to higher prices and more favourable exchange rates against the US dollar. New study suggests people crave coffee more than other beverages. The research from Flinders University found that coffee, water, and soft drinks were the the three types of beverages craved the most by the 128 participants.

2022 139
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Coffee News Recap, 9 Dec: Jibbi Little wins 2022 World AeroPress Championship, EU agrees to ban coffee and other imports linked to deforestation & other stories

Perfect Daily Grind

Price of coffee dropped by 12.3% In its latest monthly report, the organisation says that while average prices for all group indicators decreased in November, the ICO Composite Indicator Price stabilised around US 160 cents/lb last month. The auction brought in more than US $303,504, with an average price of US $17.02/lb.

2022 156
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Menu Engineering: Innovating Menus for Profitability and Simplicity

Aaron Allen & Associates

Coffee and Snack chains are among the most frequent innovators, with Krispy Kreme, Dutch Bros, Dunkin’, Starbucks, and Tim Hortons leading the pack — especially with a focus on LTOs for beverages. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though.

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Leveraging Relationships to Build a Better Bar Program

Goliath Consulting

Almost every restaurant with liquor on the menu has their share of creatively named house cocktails and luring drink specials, but is your restaurant making the most of its beverage program? Every bar/beverage manager can tell you about their distributors purchase incentives. Buy two bottles, get one free.”

Bar 100