Restaurant365

JANUARY 28, 2020

Currently, some of the most powerful restaurant management systems on the market feature predictive tools around food and labor costs. Forecasting based on historical data can provide insight into your two largest costs, food and labor, and help you make essential decisions about where to put your resources, when.

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Inventory Seasonal Menu Employee Relations Customer Experience 145

Hot Schedules

MARCH 26, 2020

Managing Inventory in the Days of COVID-19. Other operators are donating excess inventory , helping serve their community where they can. Whether you are temporarily closing operations or adapting your inventory for a delivery/to-go model, here are some tips from our Solutions team: For Businesses Open for Delivery, Takeout/Carry-Out.

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Inventory Management Management Social Media 97

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 103

Inventory Management Management Waste 103

Culinary Cues

DECEMBER 30, 2022

Okay, so there are certainly employers out there who probably don’t deserve good employees, and, in those situations, I can understand some level of discontent, but not to the extreme of stating that being a cook is a dead end. You must give and invest in order to receive. Exceed expectations!

Workshop 365

Workshop Article Uniforms Take-out 365

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

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Inventory Management Management Food 78

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. You order time in your scheduling system.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

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 78

Restaurant365

AUGUST 4, 2020

You invest a large amount of your budget in inventory. 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?

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Inventory Management Management Cash Management 78

Hot Schedules

SEPTEMBER 3, 2021

B etween payroll, inventory, reporting, and more, it’s easy for a manager to get trapped in the back office, sinking under paperwork. Between payroll, ordering, reporting, and a mess of other paperwork, it’s easy for back-office operations to bog down crucial front-office efficiency. The Sinker: Inefficient Inventory Processes.

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Food Safety Back of House Front of House Inventory 147

Restaurant365

JULY 24, 2020

Shelter-in-place orders, dine-in restrictions and diners’ hesitation to eat out have combined to prompt restaurants to shift their focus to takeout and delivery. Increased demand for food delivery had already boosted the growth of ghost kitchens, and the COVID-19 pandemic has escalated both the popularity and profitability of the model.

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Front of House Online Ordering Kitchen Safety Customer Service 147

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. Payroll Taxes.

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Management Management Employee Relations Restaurant Law 253

7 Shifts

MARCH 27, 2020

Do you have accounts on online ordering sites like GrubHub and Uber Eats? Consider things like merchandise sales, inventory sales, or private cooking lessons. What measures can you take to make customers feel more comfortable ordering from you? Do you have takeout packaging in stock? We’ll talk about this more later on.

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Social Media Restaurant Law Employee Relations Communication 312

Hot Schedules

MARCH 27, 2020

Relief Funds Raising Money to Help Restaurant Employees. Nonprofit organizations across the country are accepting donations to support restaurant employees impact by Coronavirus (COVID-19). CORE: Children of Restaurant Employees. If you are a food or beverage service employee who has been diagnosed with COVID-19, apply here.

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Employee Relations Cash Management Beverage Restaurant Law 148

Restaurant365

MAY 26, 2020

Your prime cost is a fundamental metric to track, because it includes your two largest expenses: food and labor. For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost.

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Point of Sale Employee Relations Inventory Waste 148

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Analyzing your restaurant data to get a detailed look at your profitability, food costs, and labor costs can drive strategic decisions and improve your bottom line. Reduce Food Loss. Improve Margins on Menu Items.

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Point of Sale POS Inventory Seasonal Menu 147

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. Expands PPP allowable and forgivable expenses to include supplier costs on existing contracts and purchase orders. Good news for restaurants.

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Insurance Small Business Employee Relations 2021 148

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) Your Cost of Goods Sold (CoGS) is the total cost of your food and beverage ingredients over a specific period of time. Compare actual vs. theoretical food costs to optimize spending. over a certain period of time.

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2021 Cash Management Management Management 136

Hot Schedules

MARCH 20, 2020

For some restaurants, packaging excess inventory into “meal kit” boxes can help generate some extra revenue, provide relief to guests stuck at home in self-isolation, and keep food from going to waste. Where that’s not possible, consider donating surplus inventory to food banks and local relief centers. Related Posts.

Social Media 141

Social Media Cash Management Employee Relations Delivery 141

Focus POS

JUNE 27, 2019

In order to foster a loyal customer base, you need a combination of great food and top-notch customer service. Make sure you clearly define your standards for both, and communicate them to your employees. The right solution can provide better order accuracy, improve employee communication, and increase speed of service.

Management 121

Management Management Franchise Franchising 121

Bingage

DECEMBER 2, 2019

We have seen a massive change in the industry, there is a huge focus on online ordering systems, implementation of AI (Artificial intelligence) in restaurants , cloud-based CRM systems and food and inventory management techniques and many more. Related Read – 13 Simple yet Creative New year Restaurant Promotion Ideas.

Social Media 96

Social Media Online Ordering Employee Relations Sourcing 96

Hot Schedules

DECEMBER 6, 2019

This will generate less waste, more profit, and happier employees and guests. That way, managers can see exactly how many employees they need in each area to meet that demand. It also takes into account exactly how much time employees need to deliver each activity. Inventory Management and Prep Planning.

White Paper 109

White Paper Inventory Employee Relations Download 109

Restaurant365

SEPTEMBER 23, 2021

Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Restaurant accounting cycles.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

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. Make sure you understand all the laws and regulations related to alcohol sales in your state. There may be special licenses or permits you will need in order to open your bar. Do your research.

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Bar License Restaurant Law POS 78

The Restaurant Group

SEPTEMBER 16, 2020

million employees (as of 2019), both of which have been especially hard hit by the necessary restrictions. Several COVID-19 restaurant industry trends are also apparent, such as an increase in online ordering and a push towards change industry culture, among others. Online Ordering and Delivery Penetration.

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Online Ordering Delivery Point of Sale Customer Service 148

Restaurant365

MAY 25, 2022

The Great Resignation , food inflation , supply chain shortages, and more have caused automation to become a major advantage in streamlining operations for restaurant operators. Order and pay for food or beverages using a computer tablet at the table: 67%. Order and pay for food or beverages using a smartphone app: 64%.

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Technology Mobile Ordering Social Media Online Ordering 78

Restaurant365

DECEMBER 2, 2019

managing employees. Controlling your food costs. Most restaurants keep track of inventory, but inventory management software as part of your restaurant management system can make the process even more efficient. Manual inventory control can be streamlined with counting on a tablet or mobile device.

Management 97

Management Management Point of Sale Inventory 97

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

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Operations Management Management Inventory 78

Apicbase

JUNE 16, 2023

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. By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. It’s money that went straight to his bottom line.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

FEBRUARY 18, 2022

Between self-service, order management, home delivery options, and futuristic robotic servers, there’s no shortage of great ideas for boosting front-of-house productivity. With ongoing employee crisis, restaurants must get their staffing levels to balance service delivery with fiscal responsibility. Balancing staffing needs.

Technology 78

Technology Dietary Restrictions Back of House Front of House 78

The Restaurant Group

APRIL 15, 2020

Food and Beverage is a relative term concerning a large part of the hospitality industry, and what goes into the development of these critical aspects of the bar and restaurant business involves much more than typical startup costs. Ordering should be performed consistently on the same day(s) each week.

Bar 78

Bar Inventory BOH Waste 78

Hot Schedules

JANUARY 8, 2020

They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. The right inventory management solution can show him who the sheriff is in town. Related Posts. The Rise of Food Allergies – and How to Keep Your Guests Safe and Happy. He’s wily and he’s mean.

Cash Management 78

Cash Management Allergens Employee Relations Download 78

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. Overhead costs are your everyday expenses. Utilities .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

JUNE 24, 2020

Understanding how to decrease controllable costs – food and labor are the big two — helps you drive operational improvements that can increase your financial outcome. An advanced, restaurant-specific inventory management system can identify pricing errors. Compare actual vs. theoretical food costs to optimize spending.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Restaurant365

DECEMBER 17, 2019

Your average restaurant labor cost and restaurant food cost will vary based on your type of concept, location, size, and other details. Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Restaurant Food Costs.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Embrace the Suck

OCTOBER 28, 2021

Read books and blogs. Seriously, in order to get ahead of the competition, you must know what your natural strengths are. Mistake #7: They don’t know their theoretical and actual food cost. There are two food cost calculations that every successful restaurant obsesses about: theoretical and actual food (beverage) costs.

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Coaching Training Social Media Hiring 329

The Restaurant Times

APRIL 8, 2022

This blog will tell you how to start a QSR in the UAE with minimal investment. The business plan should precisely capture your business objectives, industry-related factors, and financial viability. You also require 3-4 kitchen employees to cover food delivery and manage the counter. Choose The Appropriate Location.

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License Kitchen Safety Employee Relations Mobile Ordering 52

Restaurant365

JUNE 17, 2022

While many companies will try different variations over time to see what works best for their unique business, it is best to begin by analyzing your data prior to making changes in order to make the most impactful decisions in the shortest timeframe. Lever 2: Lower Food Costs. Harness your purchasing power. Reduce Waste.

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Employee Relations Seasonal Menu Customer Service Food Order 78