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

Restaurant365

APRIL 16, 2021

Statista notes that in 2020, 760 million users were using online ordering for their restaurant takeout and delivery orders, a 20% increase year-over-year. Statista notes that in 2020, 760 million users were using online ordering for their restaurant takeout and delivery orders, a 20% increase year-over-year. Drives More Revenue.

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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).

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Inventory Management Management Merchandise 78

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. None, however, are as devastatingly out of the operators control as this pandemic.

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Uniforms Cash Management Brewery Consumer Goods 470

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

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Management Management Kitchen Safety Front of House 195

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

NOVEMBER 6, 2020

” You rapidly shifted operations and resources between different order modes, most likely approaching dine-in, delivery, takeout, or drive-thru differently. Your restaurant may have expanded takeout, online food delivery, or curbside pickup to increase your sales and adapt to the new reality. Restaurants were forced to.

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7 Shifts

MARCH 27, 2020

However, many states that are forcing restaurants to stop their dine-in services are allowing them to operate as takeout and delivery-only establishments. Will running a takeout and delivery-only restaurant be profitable, or will the costs outweigh the revenue this opportunity could generate? Do you have takeout packaging in stock?

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Social Media Restaurant Law Employee Relations Communication 312

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. In addition, it’s important to remember that while your profit may be in dollars, your profit margin is your profit expressed as a percentage of sales.

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Loyalty Program Fast Casual Point of Sale Online Ordering 183

Lavu

APRIL 13, 2020

As of this winter, sales at her eatery Ideal Bite Community Kitchen had been down, and she was energetically looking forward to the adjustment in the seasons for some help with an uptick in sales. At that point on March 10, the inescapable occurred: Michigan recognized its initial two instances of COVID-19.

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Waste Compost Point of Sale POS 147

Restaurant365

MARCH 18, 2020

Especially in uncertain times, an important factor in decisions about how to operate your restaurant is your break-even point. Essentially, your break-even point is what sales you need for a certain period of time to not lose money, or “break even.” How to Determine If You Should Trim Menu Offerings.

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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. Part 2 will take a deep dive into how to forecast restaurant sales, including labor demand forecasting and food demand forecasting.

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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. However, the right point of sale system can help alleviate some of these restaurant challenges so business owners can stay ahead of their competition.

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Mobile Ordering Point of Sale Cash Management Online Ordering 148

Restaurant365

NOVEMBER 18, 2021

This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost.

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Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

MAY 26, 2020

If your restaurant is emerging from survival mode to a break-even point or even slight profitability, it is important to reevaluate and tune up the largest expense for your restaurant: your restaurant prime cost. As you reopen your dining room, it is more important than ever to stay on top of your inventory management.

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Point of Sale Employee Relations Inventory Waste 148

Goliath Consulting

OCTOBER 19, 2020

Part of its upsurge comes from off-premise dining becoming widely adopted due to the pandemic, but there’s been an overall uptick in digital sales that’s helped drive-thrus gain significant traction. He also has the numbers to prove his point: Digital sales at Chipotle accounted for 19.6% of total sales (4).

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2021 Point of Sale Food Safety Kitchen Safety 135

Clover - Restaurants

APRIL 9, 2024

New restaurant owners should take the time to carefully vet suppliers for quality and on-time deliveries. Reliable, quality food suppliers for restaurants are one of the few key components that a dining establishment must have to remain operational. As a result, take time to carefully vet and build relationships with your key partners.

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Restaurant365

MAY 7, 2020

This will streamline your inventory and give you better visual access to your shelves. Communicate your distancing requirements with third-party delivery drivers and other suppliers. Managing Food Pick Up and Delivery. Check for state requirements on your governor’s or state health department’s website. Access a copy of the U.S.

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Food Safety Cash Management Point of Sale Social Media 142

The Restaurant Group

SEPTEMBER 16, 2020

Most expected delivery to be their saving grace, but quickly picked up on the benefits of curbside pickup. Applebee’s, for example, currently generates 32% of their revenue through delivery, but a whopping 68% can be attributed to curbside pickup. Rise of Ghost Kitchens. However, this business model cannot support all products.

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Restaurant365

NOVEMBER 26, 2019

In addition to cost savings and increased security, cloud-based systems also provide deeper insight by integrating several different functionalities (like accounting, scheduling, inventory, and reporting) across multiple locations, all in one centralized platform. Automated tracking of sales and taxes. Streamlined inventory management.

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2020 Management Management Mobile Ordering 117

Restaurant365

MARCH 30, 2020

With the sudden elimination of dine-in options, many restaurants are either shifting to a takeout/delivery only model or implementing a delivery option for the first time. Deciding whether to add delivery, and how, is a particularly difficult decision for restaurants during these times.

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Lavu

DECEMBER 6, 2019

POS stands for point of sale. Digital inventory tracking. Systems of reporting that keep track of inventory as it is used. Digital inventory tracking can help with reordering automatically and reduce waste in the workplace. Digitally integrated inventory systems also allow for automatic reordering.

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Kitchen Safety Social Media Point of Sale Front of House 78

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. This blog provides an organised overview of the key metrics multi-site restaurant brands should track. In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking.

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Point of Sale Inventory Waste Employee Relations 52

Restaurant365

DECEMBER 4, 2020

Some restaurants were forced to pivot quickly to off-premise channels to deal with local business restrictions, changing menus toward a delivery focus. Other restaurants had to shift operations to a limited-capacity model, adjusting labor and food costs to match new sales levels. Generating enough revenue to break even.

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Izettle

MAY 11, 2021

Online shopping and home delivery have risen sharply in popularity over the last few years, with more and more consumers choosing to buy online for convenience, to find the best price, and for the wide variety of options available. Save time: Why wait for the delivery van when you can pick up in store? What is BOPIS? What is BOPIS?

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Retail Online Ordering Point of Sale Inventory 52

Restaurant365

NOVEMBER 19, 2020

Everything from inventory management to recipe costing plays a role in controlling your cost of goods sold (CoGS). While you may have already implemented some techniques, like inventory management, there is an almost infinite level of detail you can dive into to refine your food costs. Regularly schedule for inventory checks.

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Food Point of Sale Inventory Waste 78

Lavu

NOVEMBER 18, 2022

Will you offer delivery or only take out? Related: Optimize Your Pizza Delivery Service Today Market Analysis Once you describe your restaurant, add a section to your pizza business plan that compares your concept to your competition. An idea to open a pizzeria is just an idea until you put your plan on paper.

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Loyalty Program Download Document Point of Sale 78

Restaurant365

JUNE 24, 2020

This requires not only increasing total sales, but also reducing costs. While these are not optimal times in the restaurant industry, there are tactics you can implement now to both increase sales and optimize your controllable costs. An advanced, restaurant-specific inventory management system can identify pricing errors.

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Point of Sale POS Inventory Employee Relations 78

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. over a certain period of time.

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Restaurant365

APRIL 16, 2021

After many months of on-again, off-again indoor dining restrictions, outdoor dining capacity limits, and relying on delivery/take out only, a brighter future is on the horizon. Your profit may be calculated in dollars, but your profit margin is your profit expressed as a percentage of sales. Net Profit.

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Loyalty Program Point of Sale Guest Recovery Seasonal Menu 88

Restaurant365

AUGUST 6, 2021

From placing the next inventory order to scheduling staff, there are many decisions to be made every single day in a restaurant. Restaurant forecasting leverages historical revenue data, information about current conditions, and knowledge of external events to help project future sales levels.

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Point of Sale Inventory 2021 Waste 78

Restaurant365

FEBRUARY 15, 2022

If your forecasts are off and you understaff or under order inventory, it negatively impacts the guest experience, and ultimately the bottom line when you lose business as a result, or your managers are forced to comp meals to compensate for poor service. How to forecast restaurant sales. What is restaurant forecasting?

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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. Track Your Daily Sales.

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Point of Sale Inventory POS Cash Management 138

7 Shifts

NOVEMBER 19, 2019

Before restaurants can record a profit, they need to take several expenses into account—inventory, kitchen equipment, building utilities, and of course, labor. As a percentage of sales, restaurant labor cost percentage is the amount spent on all labor-related costs compared to your gross sales in a specific time period.

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Management Management Employee Relations Restaurant Law 253

Restaurant365

APRIL 1, 2020

A healthy, positive cash flow is necessary to pay your bills and grow sales. Understanding your cash flow not only keeps your operation afloat, but it also prepares you to handle unexpected changes in sales and expenses. Forecasting enables you to better understand your future financial health, based on your sales and prime costs.

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Cash Management Management Management Point of Sale 98

Focus POS

DECEMBER 4, 2020

This increased demand for online ordering and delivery, paired with various social distancing regulations, caused a massive shift in the restaurant industry. Fortunately, choosing an innovative and intuitive online ordering system that integrates with your point of sale doesn’t have to be complicated.

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Online Ordering Ordering Mobile Ordering Point of Sale 146

Clover - Restaurants

MARCH 8, 2024

Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? With restaurant technologies, such as a restaurant POS, you can deliver the same speed and accuracy for order taking and meal delivery across all your restaurants. Evaluate the competition.

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Loyalty Program Small Business Point of Sale POS 52