Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. Cost out your menu items and recipes.

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2021 Cash Management Management Management 136

ChefMod

MAY 13, 2024

AP automation solutions specifically designed for hospitality help restaurant owners optimize their purchasing process, recipe management, inventory, analytics, GL mapping, and visibility into expenses across all suppliers. What is Accounts Payable Automation? How Does AP Automation Enhance Financial Operations?

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Cash Management Inventory Audits Management 40

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory.

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Cash Management Seasonal Menu Inventory Email Marketing 97

Focus POS

JUNE 17, 2021

Like age verification, there are other inherent hurdles to running a bar that, when poorly managed, can lead to severe issues. It’s crucial that you can produce what’s on your menu with liquor inventory integration. Cash drawer shortages. Liquor inventory integration. Multiple cash drawers on a station.

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Bar Cash Management POS Point of Sale 148

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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BOH POS Influencer Point of Sale 368

Restaurant365

APRIL 16, 2021

They order at their own pace and feel more inclined to browse through all your menu offerings, increasing add-ons, average order value, and bottom line. In-house online ordering systems capture customer data for your customer relationship management system (CRM). Captures Valuable Customer Data. However, it doesn’t stop there.

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Online Ordering Blog Ordering Front of House 78

Culinary Cues

AUGUST 28, 2020

I don’t know what that means for your operation but take an inventory and look for the sensual interaction with guests. As owners, managers, and chefs – regardless of the hours that you invested in the job in the past, this is not the time to back off – this is the time to be even more present. www.harvestamericacues.com BLOG.

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Social Media Communication Loyalty Program Training 438

Culinary Cues

MAY 15, 2021

Our menus are too large: The days when the way to customer satisfaction was through extensive variety are probably gone. When menus are well researched and managed then a restaurant stands a chance of success. Without cash reserves the pandemic cause thousands of restaurant casualties. www.harvestamericacues.com BLOG.

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Customer Experience Cash Management Customer Service Front of House 392

Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. It helps you determine what customer traffic trends look like and what menu items and product mixes look like.

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2022 Cash Management Point of Sale Inventory 78

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

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2020 Cash Management Point of Sale 2021 151

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest. Contact us to learn more.

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Mobile Ordering Point of Sale Cash Management Food Supply 148

Clover - Restaurants

APRIL 23, 2024

An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. There’s no guarantee that employees will stick around for a change of management or if you start changing the operating model. Is the real estate owned or leased?

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Point of Sale Cash Management Franchise Franchising 52

Modern Restaurant Management

MAY 21, 2020

High-end restaurants that tend to have a pricier menu should look to add more affordable items. With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. Instead, you can reach a compromise in your menu. Offer Disposable Menus. Allow Limited Entry.

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Social Media Food Safety Cash Management Kitchen Safety 215

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

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Cash Management Management Management Small Business 97

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – Forecast Your Inventory Needs. Analyze and Reevaluate Your Menu Design. Forecasting by revenue center.

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Cash Management Online Ordering Inventory Seasonal Menu 88

Hot Schedules

NOVEMBER 26, 2019

They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. The Busywork Beast has the power to trap your managers in its Back-office Lair. Luckily, there are ways to transform your general managers into superheroes. You’re not the first to meet this foe.

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Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Step 2: Streamline Accounts Payable.

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Point of Sale Inventory POS Cash Management 138

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers.

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Operations Leadership Point of Sale Cash Management 78

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – Forecast Your Inventory Needs. Analyze and Revaluate Your Menu Design. Forecasting by revenue center.

Cash Management 78

Cash Management Online Ordering Inventory Seasonal Menu 78

Restaurant Engine

DECEMBER 9, 2020

The most important thing to consider is whether or not you have the resources to manage the added work. Things to think about include: Who will manage the catering operations? In addition, do you have adequate space for extra refrigerators and freezers to handle the extra inventory and food prep? Hire a catering manager.

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Catering Website Management Seasonal Menu Food Supply 113

Margin Edge

FEBRUARY 24, 2022

They can impact everything from menu prices to labor decisions and can vary from week to week. . This blog looks at COGS basics (in case you want a refresher), their financial impact, the COGS you should be aiming for depending on your type of restaurant, and how and when to monitor them. What Are COGS & Why They Matter.

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Inventory Point of Sale Waste Fine Dining 82

Harbor Touch

NOVEMBER 21, 2022

This blog post will give you some valuable tips on how to open a bar that will keep people coming back for more. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. This can be a very lucrative business venture, but it is essential to do your research first.

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Bar License Restaurant Law POS 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

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Waste Cash Management Point of Sale Inventory 78

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

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Point of Sale Cash Management POS Franchise 113

Goliath Consulting

OCTOBER 19, 2020

” A detailed pro/con list of third-party vs self-delivery is found here on our previous blog (13). A big part of the trend of automation for customers will revolve around new payment and menu alternatives. This is now the new norm, and we know that some of these changes are here to stay. .

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2021 Point of Sale Food Safety Kitchen Safety 135

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

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Kitchen Safety Social Media Point of Sale Front of House 78

Restaurant365

FEBRUARY 19, 2020

For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. In order to meet slim margins, restaurant accounting needs to meet high standards for accurate labor and inventory metrics. The restaurant industry has unique qualities and business structures.

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Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

OCTOBER 22, 2021

Having access to data about your restaurant can inform your decisions about operations, staffing, menu changes, and long-term strategy. However, if you’d like a more granular look at your SPLH by daypart, you can use your restaurant management software to automate pulling up-to-date sales and labor information. Conclusion.

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Point of Sale Insurance Inventory Cash Management 78

Next Restaurants

MAY 26, 2020

High-end restaurants that tend to have a pricier menu should look to add more affordable “fast” food to their offerings. With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. Instead, you can reach a compromise in your menu. Offer Disposable Menus.

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Webinar Social Media Food Safety Cash Management 89

Restaurant365

JUNE 9, 2021

In this blog post, Part 1 of 2, we will dive into the metrics you should be examining with your FOH’s profitability. Plan in-restaurant experiences (like prix fixe menu, or live music). Capacity optimization relies on building the perfect book of reservations with your table management system. Offer ticketed events.

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Restaurant365

OCTOBER 8, 2021

These “prebuilt” ghost kitchen solutions allow you to rent space and start selling your menu items very quickly, streamlining the process of opening a concept. Your ghost kitchen may be able to function as a centralized commissary or production hub, streamlining labor costs or even inventory management. Conclusion.

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Front of House Back of House Website Management Delivery 78

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

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Point of Sale Email Marketing Cash Management Advertising 78

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Switch up your menu regularly. They don’t have to be big changes, but is important that you are constantly fine-tuning your menu. You never want your menu to feel stale. Keep eye on cash flow.

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Management Management Social Media Cash Management 40

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

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Management Management Cash Management Mobile Ordering 78

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important?

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Point of Sale Inventory Waste Employee Relations 52