Culinary Cues

MAY 13, 2023

If you want to build an understanding and even a level of competence with a variety of specific skill sets then clubs, resorts, and hotels may be the only place where that can happen. [] VOLUME: A very busy, well-branded restaurant might generate 5of 6 million in annual sales, where a club or hotel can easy boast four or five times that volume.

Hotels 431

Hotels Point of Sale Cash Management Training 431

Restaurant365

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. Understanding how to master restaurant inventory management is an invaluable skill. Your inventory control tracks what is coming in and out of your restaurant and what is left over during a certain period of time.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. Much of the typical food and beverage inventory in restaurants tends to have a relatively short shelf life, making accurate inventory numbers essential to run a functioning kitchen, make economical orders, and adapt to long-term trends.

Inventory 109

Inventory Delivery Management Management 109

Restaurant365

OCTOBER 16, 2019

When most restaurant owners think about how to manage restaurant inventory, they think of food cost control. For restaurant owners, inventory control is closely related to accounting and food cost management. The nuts and bolts of restaurant inventory management. Inventory tracking also includes product transfers between stores.

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Inventory Management Management POS 113

Izettle

MARCH 11, 2021

Inventory management is a way for business owners to track the products or goods that they’re going to sell – from sourcing raw materials to storing and selling items in a store. Why is inventory management important? Reliable inventory management can be one of the most valuable assets for a small business. So how do you do it?

Inventory 52

Inventory Management Management Point of Sale 52

Sling

JUNE 9, 2023

Step Two : Take inventory of all the food supplies you have on hand at the start of the month and calculate a total dollar value for the entire inventory taken. This will be your Beginning Inventory. This will be your Beginning Inventory. This will be your Ending Inventory.

Operations 78

Operations Inventory Food Supply Point of Sale 78

Hot Schedules

JULY 26, 2021

Rather than limiting inventory or reducing the customer experience, here are five ways the right retail scheduling solution empowers managers to cut costs through efficient workforce management — without burning out the staff. Enforced clock-ins through an integration with your Point-of-Sale (POS) system and labor management tools.

Retail 148

Retail Point of Sale Employee Relations Inventory 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.

Inventory 103

Inventory Management Management Waste 103

Izettle

NOVEMBER 15, 2021

But as any small business owner knows, adding new e-commerce channels also means adding new challenges to your day to day – and they usually revolve around inventory. Is that just the price you pay for modernising your business? Your inventory is a living thing. The importance of inventory management.

Inventory 52

Inventory Management Management Point of Sale 52

7 Shifts

APRIL 3, 2020

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales.

BOH 368

BOH POS Influencer Point of Sale 368

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.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

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 12, 2021

Your restaurant’s menu engineering strategy impacts your menu mix, pricing, and your overall profitability. You are already generating data about your food cost, menu items, and sales levels. At its core, menu engineering tracks the profitability of menu items individually, as well as your product sales mix.

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Menu Operations Point of Sale POS 143

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Your restaurant sales data holds the keys to how successful your restaurant group can be, if you use this business intelligence to drive your decisions. Are you using restaurant analytics? Why you should use restaurant analytics.

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Point of Sale POS Inventory Seasonal Menu 147

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. You’ll need to carefully analyze the financials and reasons behind any decline in sales or profitability. Why is the restaurant being sold, to begin with?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

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 Food Supply 148

Restaurant365

OCTOBER 29, 2021

You can use back-office restaurant technology to support a positive guest experience in areas such as payment, inventory and food costs, and staff scheduling. During the COVID-19 pandemic, restaurants implemented new safety measures designed to encourage social distancing and limit points of contact.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

ChefMod

OCTOBER 20, 2021

Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. That results in superior inventory management, which is critical when dealing with perishable produce. Accurate forecasting anticipates how much inventory you need to avoid overstocking and stock runouts.

Catering 52

Catering 2022 Pricing Food Supply 52

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.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

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.

2022 78

2022 Cash Management Point of Sale Inventory 78

Focus POS

JUNE 17, 2021

The right point of sale software in your bar , pub, or nightclub could be the missing puzzle piece in the larger picture of growing your sales. It’s crucial that you can produce what’s on your menu with liquor inventory integration. Bar Software that Boosts Your Revenue: How POS Affects Your Profits. Promotion Success.

Bar 148

Bar Cash Management POS Point of Sale 148

Clover - Restaurants

APRIL 9, 2024

Bulk ordering also allows restaurant owners to get competitive pricing and improve profit margins. 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.

Food Supply 98

Food Supply Online Ordering Food Truck Food Order 98

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.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

Sling

APRIL 27, 2023

These essential activities include everything from scheduling your team , assigning tasks , and managing inventory to controlling labor costs , executing payroll , and complying with labor laws. Restaurant operations management is essential for the long-term health of your business. Table of contents What is restaurant operations management?

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Operations Management Management Inventory 78

Margin Edge

FEBRUARY 3, 2022

Thanks to having a sales team made up exclusively of former operators, chefs and general managers, with 350+ years’ of collective experience, we’ve picked their brains and come up with a list of six ways restaurants can make a big impact in 2022 based on their experiences and tried-and-true tricks. Take consistent inventories.

2022 98

2022 Food Seasonal Menu Waste 98

Culinary Cues

FEBRUARY 25, 2021

You can disagree, take a stand, make your point, continue to have a unique opinion, but in the end – it is their business. If you are taking inventory on a Sunday night – approach it as if it is the most important task imaginable. Writing a memo? Do it with excellence in mind. Preparing a menu?

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2021 Point of Sale Reference Take-out 401

Restaurant365

JUNE 15, 2021

Your restaurant is constantly generating data, whether from your sales revenue, food costs, or labor hours. You may have a hunch that you are doing fewer table turns on the weekend, or that your inventory has gotten wasteful recently. Understanding your CoGS means that you need to keep accurate periodic inventory.

BOH 78

BOH FOH Point of Sale Back of House 78

Restaurant365

MAY 7, 2020

This will streamline your inventory and give you better visual access to your shelves. Check for state requirements on your governor’s or state health department’s website. Adhere to protocols addressing the protection of both customers and employees. These are the most common places to find mold buildup in your restaurant.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Restaurant365

APRIL 30, 2021

When it comes to writing a restaurant menu, you can’t determine your menu prices by “gut feeling.” Consistent, accurate recipe costing relies on a few key elements: standardized recipes, accurate restaurant inventory management , and up-to-date vendor prices. You need numbers and data to fuel your decisions.

Inventory 78

Inventory Seasonal Menu Waste Point of Sale 78

Restaurant365

SEPTEMBER 17, 2019

Knowing how to manage restaurant inventory is essential for a healthy business, no matter if you have one location or several. Your sitting inventory (in product or dollars) is one of the main factors influencing your food cost and your bottom line. So, how do you to manage restaurant inventory accurately and efficiently?

Inventory 60

Inventory Mobile Ordering Food Supply Point of Sale 60

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.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

DECEMBER 16, 2021

Sales reports. Your sales reports are a foundational piece of your operational reporting strategy. The details in your sales reports can help you track performance across multiple store locations, or in one location over time. Daily Sales Summary. Weekly Review by Location.

Operations 78

Operations Point of Sale Employee Relations Waste 78

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.

Food 78

Food Point of Sale Inventory Waste 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. Restaurant owners need to know how much things cost so they can be sure their business is profitable. What Are Overhead Costs And Expenses?

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

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.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Smart ordering or smart prep suggestions, based on forecasted sales, can help minimize over-ordering or over-prepping.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Xtra Chef

DECEMBER 30, 2020

By combining our industry-leading invoice line-item digitization and extraction technology with an intuitive, drag-and-drop interface, operators can monitor the fluctuating prime costs of every menu item without having to constantly update the ingredient prices. Yet, here we are. We’ve made it to the end of the year.

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2020 Cash Management Point of Sale 2021 151