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. The Barrow House, Clifton, NJ.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

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.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . Review your pricing and rebate deals. When negotiating with suppliers, the larger the basket that they receive, the more competitive their pricing should be. If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order.

Supplies 78

Supplies Management Management Allergens 78

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. 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

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.

Cash Management 97

Cash Management Management Management Small Business 97

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management 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.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Restaurant365

FEBRUARY 19, 2020

Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Other key reports include your operating cash flow, which shows whether you are able to generate enough cash flow to maintain or grow your operations, or whether you should consider external financing.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

FEBRUARY 6, 2020

Your sales data can be used to help you automate parts of your inventory management system , updating inventory counts as food and drink items are sold. Integrating Your POS System with Your Restaurant Management Software. Managing the process of recording, approving and paying your vendors is both time consuming and error prone.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

ChefMod

OCTOBER 6, 2021

But, how have they managed to stay up and running so far? 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.

2021 52

2021 Email Marketing Front of House Cash Management 52

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Keep eye on cash flow. Always keep a close eye on your cash flow so you don’t find yourself buried under debt and unable to dig out. Technology is great and can really help you with restaurant management.

Management 40

Management Management Social Media Cash Management 40

Restaurant365

OCTOBER 4, 2019

However, as cloud-based POS systems and cloud-powered restaurant management platforms become the industry standard, are you also thinking about “what is POS integration?” Integrated point of sales systems data goes beyond the cash drawer summary level offered by simple POS reports. ” How does POS integration work?

POS 60

POS Point of Sale Cash Management Information 60

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. 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. In the kitchen, develop a laser-focus on reducing food waste.

Email Marketing 72

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. 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. In the kitchen, develop a laser-focus on reducing food waste.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Hot Schedules

FEBRUARY 4, 2022

Five Steps to Reducing Waste. The Impact of Food Waste. U S hotels contribute to the generation of 131 billion pounds of food waste every year , resulting in an enormous environmental impact, and a big dent to profit margins. Waste stretches beyond the physical, say, head of lettuce you’re throwing in the trash.

Waste 78

Waste Hotels Inventory Food Order 78

Culinary Cues

AUGUST 22, 2022

There were no sophisticated profit and loss statements or cash flow charts, no point-of-sale systems or computer analytics to pour over and make decisions by; these were not the type of operations that required that level of analysis. This was a lean, fine-tuned machine that worked from the premise of being manageable and comfortable.

Seating 448

Seating Front of House Back of House Cash Management 448

Xtra Chef

AUGUST 12, 2020

Knowing your restaurant food costs helps with menu pricing, affects prime costs, and plays an integral part in remaining profitable. Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging.

Food 120

Food Inventory Waste Food Order 120

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? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Culinary Cues

NOVEMBER 16, 2019

If you want the restaurant to be an expression of art, then make sure that your bank account is flush with cash. [] EMOTIONAL EXCITEMENT TAKES HOLD. Buy smaller garbage cans for the kitchen – control your waste and make it everyone’s job. [] KEEP IT SIMPLE – DO IT WELL. The right price is not always the lowest price.

Training 260

Training Employee Relations Customer Service Customer Experience 260

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers. Ask customers to place cash on the counter rather than directly into the employee’s hand.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Restaurant365

MAY 26, 2021

Efficient: (noun) achieving maximum productivity with minimum wasted effort or expense. For alcohol businesses, maximum productivity with minimum wasted effort or expense is the ultimate goal. By doing so, you bring a whole new level of efficiency to your delivery process and eliminate cash, checks, money orders, and escrow accounts.

Bar 158

Bar Guest Recovery Cash Management Food Truck 158

Focus POS

AUGUST 26, 2020

It’s more crucial now than ever to manage pour costs effectively. . Price Y our B everages C arefully . 80% of your revenue comes from your drink sales, so it’s important that you price these carefully. Be sure to factor in variables like product loss or shrinkage in your pricing for a bit of a cushion. .

Management 128

Management Management Bar Inventory 128

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. ” The BOHA!

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

Rocket Fuel

MARCH 2, 2022

In most restaurants, a few key team members typically handle accounts payable management, and there are several processes involved, including: Receiving supplier invoices. Operators can easily do this through simple communication with their management team, and the use of data analytics within their present practices. Keep reading! .

Cash Management 98

Cash Management Operations Consumer Goods Inventory 98

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. The numbers from your P&L can help you identify what is helping or hurting your business, enabling data-driven decisions about cutting food costs, adjusting labor scheduling, or changing menu prices. Prime Cost. Operating Expenses.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Restaurant365

MARCH 30, 2020

Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below]. Consider adjusting menu pricing. Was your menu costed out at dine-in pricing? Inquire about sourcing.

Delivery 78

Delivery Operations Insurance Cash Management 78

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. We’ve put together a guide you can use to help you choose the best technology for your restaurant and how it can help you run a more profitable business: General Restaurant Management. » Restaurant Labor Management.

Management 121

Management Management Franchise Franchising 121

Notch

FEBRUARY 14, 2019

You get a coupon and say, “wow, I’m going to save some cash and remember to use it later,” right? the discount might spill over to diners who would have happily paid full prices at 5:30 p.m. Offering guests two for the price of one means they’re getting a deep discount , and that makes people happy.

Specials 75

Specials Loyalty Program Seasonal Menu Point of Sale 75

Modern Restaurant Management

OCTOBER 31, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features interesting and insightful trends from Upserve, order for pickup guest experience study results, the Fraud Aftershock Index and the importance of foot traffic. Reputation Management Revolution. National Menu Trends. Uberall, Inc.

2019 138

2019 Mobile Ordering Online Ordering Customer Experience 138

Notch

FEBRUARY 14, 2019

You get a coupon and say, “wow, I’m going to save some cash and remember to use it later,” right? the discount might spill over to diners who would have happily paid full prices at 5:30 p.m. Offering guests two for the price of one means they’re getting a deep discount , and that makes people happy.

Specials 52

Specials Loyalty Program Seasonal Menu Point of Sale 52

Restaurant365

MARCH 11, 2021

So when it comes to your back office solution, maximizing performance is highly dependent on simplifying your restaurant management software as much as possible. With multiple management platforms that aren’t connected, you’ve added more overly complex pieces to your business. Recipe Management.

Management 17

Management Management Inventory Cash Management 17

Hot Schedules

APRIL 20, 2019

Five Ways to Reduce Waste. The Impact of Food Waste. US Restaurants generate between 22 and 33 billion pounds of food waste every year. All that waste adds up. The EPA estimates that food waste is the single largest category in any given landfill. First, all the resources required to produce it are wasted.

Waste 60

Waste White Paper Cash Management Inventory 60