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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both.

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11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

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. over a certain period of time.

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Restaurant Delivery Pricing Strategies are Evolving to Survive the Pressure from Delivery Platforms

Web Diner

In response to the pressure from third-party delivery platforms, restaurants are implementing new delivery pricing strategies. According to a Gordon Haskett analysis, fast-food giants are quietly raising their menu prices for delivery orders , implementing a premium food delivery pricing strategy. observed in fast-food chains.

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How Restaurant Finance Teams Can Support Operations to Increase Profitability

Restaurant365

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. For instance, reviewing your CoGS report daily allows managers to adjust purchasing and usage on a more frequent basis.

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Restaurant Delivery Pricing Strategies are Evolving to Survive the Pressure from Delivery Platforms

Web Diner

In response to the pressure from third-party delivery platforms, restaurants are implementing new delivery pricing strategies. According to a Gordon Haskett analysis, fast-food giants are quietly raising their menu prices for delivery orders , implementing a premium food delivery pricing strategy. observed in fast-food chains.

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Everything to Know about Restaurant Point of Sale Software

Focus POS

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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Why Your Restaurant Group Needs a Profitability Strategist

Restaurant365

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. Minimizing Food Waste.

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