Remove Cash Management Remove Food Order Remove Management Remove Waste
article thumbnail

Your Go-To Guide for Restaurant Inventory Management

7 Shifts

Consider two worst-case scenarios: A customer orders extra guacamole but your restaurant is all out of avocados or, on the other hand, you've just walked past a crate of rotten, unusable (and expensive!) You'll also be less likely to order too much of any ingredient, which leads to food waste. avocados in the stock room.

Inventory 370
article thumbnail

Everything to Know About Restaurant Management Systems

7 Shifts

Restaurant management systems have evolved rapidly over the past couple of decades. They can take orders on iPads and process transactions via handheld POS devices. Table of Contents What is a restaurant management system? How does a restaurant management system work? How does a restaurant management system work?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Everything to Know About Restaurant Management Systems

7 Shifts

Restaurant management systems have evolved rapidly over the past couple of decades. They can take orders on iPads and process transactions via handheld POS devices. Table of Contents What is a restaurant management system? How does a restaurant management system work? How does a restaurant management system work?

article thumbnail

How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

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 174
article thumbnail

A CPA’s Insight on Top Issues Restaurant Owners Face

Modern Restaurant Management

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

article thumbnail

Building a Resilient Restaurant: A Guide to Scaling a Food Concept in 2024

Modern Restaurant Management

rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned. For example, AUV is a function of traffic (number of transactions) and average order value (“AOV”); what do the trends suggest about each of those components?

2024 176
article thumbnail

Expanding Your Business? Seven Tips to Improve Cash Flow to Fund a New Location

Modern Restaurant Management

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. It is important to consider if the first location has the cash flow to help financially carry the second location for a period of time if needed.