Modern Restaurant Management

SEPTEMBER 1, 2023

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Always date and label everything.

Inventory 180

Inventory Management Management Cash Management 180

Culinary Cues

JULY 14, 2023

As a cook – be the person that everyone marvels at when you cut vegetables; be the person that other cooks turn to when they need their knives sharpened to razor perfection; make sure the chef always turns to you for a groundbreaking special or asks your advice on a plate design. People will notice.

Cash Management 304

Cash Management Uniforms Food Supply Café 304

Modern Restaurant Management

FEBRUARY 22, 2022

It’s especially important to design and implement an employee recognition reward system for globally distributed teams or remote workers as well. These platforms utilize point systems and integrations with communications platforms to make it easy for managers and fellow employees to give out kudos. How do you do this?

Cash Management 208

Cash Management Merchandise Front of House Coupons 208

7 Shifts

AUGUST 2, 2023

Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. Reporting and tracking: These capabilities allow managers to analyze tip distributions, identify trends, and generate comprehensive reports for internal auditing and tax purposes—all without having to make their own spreadsheets.

Tip Distribution 195

Tip Distribution Cash Management Employee Relations Audits 195

7 Shifts

MARCH 31, 2021

While you’re at that, think about your restaurant’s floor plan and design and incorporate that as it will impact the customer experience. In general, lenders will want to see at least five years' worth of cash flow projections. From there, they will help you work through the numbers and provide an estimation of your future cash flow.

Cash Management 370

Cash Management Document Customer Experience Customer Service 370

7 Shifts

OCTOBER 31, 2022

The management team. Management team. It also shows that you've done your research given the market, suppliers, and have an idea on menu design. You may want to list out: Team Management. Inventory management systems. Task management tools. Manager Log Books. Design Mockups. Time Clocking.

Point of Sale 397

Point of Sale Back of House Document Download 397

Modern Restaurant Management

MARCH 14, 2023

In addition to the promise of centralizing payments into one channel, accounting software not only reduces manual administrative burdens and stresses on employees, but also flags any fraud-risk or vulnerable points in the payments chain to the designated person/people in control of the business purse strings.

Technology 194

Technology Cash Management Employee Relations Sustainability 194

Modern Restaurant Management

OCTOBER 21, 2022

Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. Restaurant point-of-sale (POS) terminals are steadily replacing the now obsolete cash registers used in restaurants.

POS 179

POS Marketing Point of Sale Cash Management 179

7 Shifts

SEPTEMBER 7, 2021

Recommended Reading: 6 Restaurant Menu Ideas And 3 Design Trends To Grow Your Revenue. The next largest cost for most restaurants is labor–and there is cash to be saved. Restaurants that use 7shifts for team management can save up to 3% on labor-related costs each year. Trim costs in other areas of your business.

Tip Distribution 370

Tip Distribution 2021 2019 Cash Management 370

Bingage

APRIL 16, 2024

An All-in-one Customer engagement and retention solution designed to track the customer lifecycle journey through a CRM and app, enabling first-time customers to turn into lifetime fans of a brand. Dedicated account support manager, and expert consultation. It provides Reward Management.

Loyalty Program 104

Loyalty Program 2024 Email Marketing Coupons 104

Modern Restaurant Management

AUGUST 4, 2020

Nowadays, though, owners and managers unable financially to bring back their full complement of staff are relying on the technology to facilitate almost everything with a food order, except make it. Many kiosk manufacturers don’t offer kiosks with cash options. Here’s how: Augmenting the Workforce.

Cash Management 198

Cash Management 2003 Mobile Ordering Customer Service 198

7 Shifts

NOVEMBER 22, 2021

Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Include 5-year financial projections including an income statement, balance sheet and cash flow statement showing that your restaurant will be able to repay any loans with interest out of operating profits.

Document 393

Document Cash Management Small Business Take-out 393

Modern Restaurant Management

APRIL 1, 2020

Last year, one of the first brands to go cashless, Sweetgreen, changed its policy to accept cash at all its locations. The quick-service restaurant (QSR) started accepting cash after Amazon confirmed it would take cash payments in all of its previously cashless Amazon Go stores. To eliminate cash is to eliminate customer choice.

Cash Management 173

Cash Management Mobile Ordering Fast Casual Employee Relations 173

The Restaurant Times

MARCH 8, 2022

Open communication and cash flow planning are essential for your company’s survival. In practically every part of your operation, your restaurant management team must be decisive, move quickly, and cut to the bare essentials, but keep an eye out for fresh opportunities in this trying period. .

Design 52

Design Guest Recovery Fine Dining Tip Distribution 52

Bingage

APRIL 16, 2024

An All-in-one Customer engagement and retention solution designed to track the customer lifecycle journey through a CRM and app, enabling first-time customers to turn into lifetime fans of a brand. Dedicated account support manager, and expert consultation. It provides Reward Management.

Loyalty Program 105

Loyalty Program 2024 Email Marketing Coupons 105

Modern Restaurant Management

NOVEMBER 16, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Stop Loss Coverage Is Risk Management. A principle of stop loss coverage is that it is designed to protect against unknown risk. a lower deductible).

Insurance 201

Insurance Cash Management Healthcare Innovation 201

Modern Restaurant Management

JUNE 14, 2022

It’s also more prevalent than some restaurant owners and managers might want to believe. A POS system is much more than a cash register or a checkout counter and its capabilities extend beyond that. Inventory Management System. Simply put, a point of sale is where you ring up customers for the product they purchased.

Point of Sale 203

Point of Sale Kitchen Safety Back of House Inventory 203

7 Shifts

MARCH 11, 2020

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. You’ll need roughly 10% down on your space.

License 354

License Cash Management Inventory Food Supply 354

Modern Restaurant Management

JULY 7, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. The Affordable Care Act (ACA) “encouraged” hospitality employers to offer health coverage to all full-time employees and not just their managers.

Cash Management 180

Cash Management Healthcare Restaurant Law Hospitality 180

7 Shifts

SEPTEMBER 20, 2021

The restaurant tech industry is a growing one, with software and services designed to streamline almost every aspect of your business. Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. All of this (and more!)

Technology 370

Technology Front of House Social Media Back of House 370

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

EATER

DECEMBER 8, 2023

While the unchanging core design of the bottle has made it an enduring tool, the “face” has been reimagined over the years, with one-off specialty releases and collabs with fellow Japanese icons like Hello Kitty. during the Korean and Vietnam wars, Ekuan’s design presented the face of a modern and progressive Japan.

Design 135

Design Food Supply 2001 Employee Relations 135

Culinary Cues

MAY 15, 2021

As good as restaurant people are at reacting to situations – they are not typically astute at planning for things to go wrong and designing actions that will get them through difficult times. When menus are well researched and managed then a restaurant stands a chance of success. What if……happens? How will we react?”

Customer Experience 392

Customer Experience Cash Management Customer Service Front of House 392

Restaurant365

MARCH 5, 2020

From cloud-based POS systems to mobile apps designed to improve employee satisfaction and streamline scheduling, technology is bettering business and changing the landscape of restaurant management. So why is it that alcohol management is lagging? The problem with outdated alcohol management.

Blog 146

Blog Management Management Cash Management 146

Modern Restaurant Management

MARCH 14, 2024

They've also shared about shifts and growth in the pizza industry and three ways to increase a pizzeria or pizza chain’s cash flow. Ways to Increase Cash Flow Pay attention to internal issues and delivery orders – especially during peak hours. percent of pizza order cancellations happen between the same window. .”

Online Ordering 110

Online Ordering Cash Management 2023 Inventory 110

ChefMod

MAY 13, 2024

AP automation solutions specifically designed for hospitality help restaurant owners optimize their purchasing process, recipe management, inventory, analytics, GL mapping, and visibility into expenses across all suppliers. What is Accounts Payable Automation? How Does AP Automation Enhance Financial Operations?

Cash Management 40

Cash Management Inventory Audits Management 40

Modern Restaurant Management

DECEMBER 21, 2020

Restaurant marketing strategy, design, and internal systems will evolve for independents and chains alike in the coming year. In 2021, restaurant marketing strategy, restaurant design, and internal systems—for independents and chains alike—will evolve, and technology and robotics will become commonplace.

2021 191

2021 Email Marketing Online Ordering Advertising 191

Culinary Cues

APRIL 30, 2020

Rather than let things unfold without adequate thinking, I offer some ideas on a phased in strategy based on objectives designed as building blocks towards eventual success and that sense of normalcy that we are all hopeful for. [] PHASE ONE: (Cautious opening, social distancing, intense sanitation, masks, screening).

Point of Sale 309

Point of Sale Customer Service Customer Experience Cash Management 309

Cheetah

DECEMBER 2, 2021

A good system will also help staff manage their personal cash flow. Toast aims to be a one-stop-shop for all the digital needs of a restaurant, from the Point of Sale to the cash drawer. 7Shifts - Shift Management Powerhouse. 7Shifts focuses on everything related to restaurant shift management.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Cheetah

DECEMBER 1, 2021

A good system will also help staff manage their personal cash flow. Toast aims to be a one-stop-shop for all the digital needs of a restaurant, from the Point of Sale to the cash drawer. 7Shifts - Shift Management Powerhouse. 7Shifts focuses on everything related to restaurant shift management.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Modern Restaurant Management

MARCH 24, 2020

Feature-rich mobile POS systems have evolved to processing orders, sending tickets to the kitchen, providing detailed reporting and offering thorough inventory and business management. Cash registers are a technology of the past as business owners now focus on greater flexibility and control. The Evolution of POS. The Future of POS.

POS 122

POS Cash Management Point of Sale Mobile Ordering 122

SpotOn

MAY 14, 2024

SpotOn, as one of the leading software and payment companies in the field, has become a favorite among managers, restaurant operators, and staff thanks to our personalized customer service, competitive money value, and range of tools designed to help any restaurant succeed. Capterra users gave SpotOn a rating of 4.3,

POS 52

POS Point of Sale Customer Service 2024 52

7 Shifts

JANUARY 23, 2020

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Manager, Mercato Italiano. As a manager, work for your staff and your staff will work for your customer.

2020 335

2020 Hiring Cash Management Education 335

Modern Restaurant Management

JULY 25, 2023

As a restaurant owner, managing your finances effectively is crucial for the success and growth of your business. These incentives can help reduce your tax liability, increase cash flow, and promote business expansion. These incentives can include tax-exempt bond financing, wage credits, and accelerated depreciation deductions.

Cash Management 88

Cash Management Government 2025 2023 88

7 Shifts

APRIL 23, 2021

The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. When they put up a job ad, they don't think about it that way,” says Jack Hott, Senior Product Manager at Poached, a job board built for the restaurant industry. Use the STAR Method.

Hiring 370

Hiring Front of House Back of House Food Safety 370

Modern Restaurant Management

APRIL 11, 2022

Facing multiple headwinds, restaurant owners and management must employ the most effective tool available: effective communication. A good starting point for addressing many issues is use of a manager’s log. And don’t forget a long-time, well-established business management tactic: the employee suggestion box.

Healthcare 203

Healthcare Cash Management Social Media Communication 203

BNG Point of Sale

SEPTEMBER 8, 2021

POS System Vs Cash Register: What’s The Difference? . A cash register, at its most basic level, is designed to record the transactions of sales that occur in a store.-for POS System Vs Cash Register . We also look at the reason many businesses and business managers are choosing the POS system. .

POS 52

POS Cash Management Point of Sale Loyalty Program 52