The Restaurant Times

JUNE 11, 2021

Managing a restaurant is a daunting task. Handling inventory, staff and customers, along with keeping track of analytics and reports all at the same time can become cumbersome for the restaurant manager. It enables you to manage each task efficiently. . Installing a POS system for restaurants is the best way to do that.

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POS Mobile Ordering Loyalty Program Online Ordering 52

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 210

2024 Loyalty Program Cash Management Customer Experience 210

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

Loyalty Program 168

Loyalty Program Online Ordering Cash Management Point of Sale 168

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 170

Inventory Management Management Cash Management 170

7 Shifts

APRIL 3, 2020

Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today. POS Systems Your point of sale is the technological heart of your restaurant and the system which is most mission-critical to your operations.

BOH 368

BOH POS Influencer Point of Sale 368

Squirrel Systems

MAY 17, 2024

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. By spreading revenue sources, you can reduce dependency on a single income stream and better weather economic fluctuations.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

7 Shifts

DECEMBER 3, 2019

Step 6: Source Capital Finding and securing capital isn’t always easy, though with your business plan and the recognition of your franchise’s brand, you may have an easier time than starting a completely new brand. Looking for a new source of capital this time around?

Franchise 368

Franchise Franchising Audits Point of Sale 368

Clover - Restaurants

MAY 30, 2024

Clover makes it easy to start selling restaurant merchandise quickly and manage your inventory from one dashboard, with one payment processor. Gift cards provide an immediate source of revenue even when a customer may not use them for weeks or months into the future. These cards are also a good way to bring in new customers.

Merchandise 52

Merchandise Catering Kitchen Safety Inventory 52

7 Shifts

OCTOBER 31, 2022

The management team. Management team. Source: Toast. Tell investors what technology you plan on using to run your business—and not just the POS (point of sale). You may want to list out: Team Management. Inventory management systems. Task management tools. Manager Log Books. Time Clocking.

Point of Sale 397

Point of Sale Back of House Document Download 397

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. Vegan, locally-sourced, farm-to-table, organic, etc.) Katy, Cartago.

2020 335

2020 Hiring Cash Management Education 335

BNG Point of Sale

DECEMBER 6, 2021

Here are 15 ways that installing a POS system in your restaurant will benefit you and your staff. . Increased revenue: One of the primary benefits for restaurant employees working with a point-of-sale (POS) system is increased revenue. This type of system is excellent for monitoring employees’ behaviors in real-time.

Point of Sale 52

Point of Sale POS Cash Management Front of House 52

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Sourcing ingredients locally or from all-natural farms.

2022 215

2022 Customer Service Online Ordering Website Management 215

Deliverect

JULY 24, 2020

POS (point of sale) systems. You probably already have a POS system in place. Is it limited to taking payments and orders, or does it also provide inventory management, a reservations system, kitchen and shift management tools? The POS is the heart of the restaurant’s tech stack as it needs to talk to every other system.

Technology 110

Technology Mobile Ordering Front of House Online Ordering 110

The Restaurant Times

JUNE 3, 2020

Forecast The cash flow . With a cash flow forecast, you can gain insights about how to manage your cash flow better. Using a cash flow forecast will give a fair understanding of the cash inflows and expenses, so you can be better prepared to make decisions. .

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88

Lavu

FEBRUARY 24, 2020

Apart from accepting cash and card payments, mobile payments have grown to be the next big thing. They can use their phones to store credit and debit cards, and reward cards as digital cards for paying through online apps or at physical cash registers. You do not need to have physical cards or cash to make payments. .

Mobile Ordering 78

Mobile Ordering Cash Management Point of Sale Online Ordering 78

Kounta

JANUARY 9, 2020

Trend 1: Cash me if you can — cashless society will reach greater heights. Carrying cash is getting increasingly unpopular and there are many contributing factors behind this trend — including personal safety, inability to track your transactions, or simply conditioning of the time. But what’s in store for the industry in 2020?

Hospitality 98

Hospitality Cash Management Influencer POS 98

Open for Business

OCTOBER 20, 2023

Craft a comprehensive financial blueprint to manage your restaurant’s expenses. Whether you’re leaning towards digital accounting solutions or considering the expertise of a financial advisor, staying clued in on your cash flow—both outgoing and incoming—is pivotal for your restaurant’s triumph. Seasonality is key.

License 78

License Email Marketing Seasonal Menu Front of House 78

Restaurant365

JUNE 26, 2020

With more than 30 years in the franchising business, C21 Group/BLCO Enterprises has grown into managing 29 KFC, Taco Bell and A&W franchise locations across Canada and parts of the U.S., Background. employing more than 700 people. ” She also takes advantage of R365 for controlling costs.

Franchise 148

Franchise Franchising Cash Management Demo 148

7 Shifts

NOVEMBER 26, 2019

million Some franchisors even require aspiring franchisees to have hundreds of thousands of dollars of cash on hand, which runs the bill up even more. Simply shifting your mindset from “I always have to pay 5%” to “I send a payment to the corporate office and now I don’t have to hire a marketing team” can make this problem more manageable.

Franchise 369

Franchise Franchising Restaurant Law 2015 369

The Restaurant Times

FEBRUARY 22, 2022

Investing in labour-saving technologies and providing simple and fewer menu selections, for example, has allowed them to free up cash flow and recruit more people or raise compensation. Some pertinent examples of sustainable practices are: Food ingredients are sourced without the use of animals that have been subjected to cruelty.

2022 98

2022 Front of House Cash Management Online Ordering 98

Ken Burgin

JUNE 28, 2020

When I spoke with a bar owner recently, she was still in shock after uncovering a six-figure fraud carried out by a ‘trusted’ manager over more than 4 years. Inadequate stock-control with liquor or food gives plenty of opportunity to trade these items for cash. Ever had a trusted employee rip you off?

Cash Management 88

Cash Management Employee Relations Entertainment POS 88

Lavu

JANUARY 15, 2020

Before the challenge of making a profit, you also have to identify sources of financing. Simply put, restaurant financing is the money loaned, borrowed, or sourced from an external party. The purpose of sourcing the money could be to start a restaurant, expand to a second location, or refurbish the premises.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Lavu

NOVEMBER 6, 2019

The foundation of a restaurant LP strategy rests on two pillars: integrated restaurant POS technology and advanced data reporting. Designing a restaurant and bar loss-prevention strategy is critical to managing a profitable business, regardless of your size or level of success. Actions are taken based on reports to prevent loss.

Bar 60

Bar Cash Management POS Point of Sale 60

The Restaurant Times

NOVEMBER 6, 2020

With an abundance of restaurant data monitoring systems, operators are now collecting and analyzing performance-related data from multiple sources to have a better understanding of their business. Let’s take a closer look at how to track data with a restaurant management system and utilize this information to increase your revenue.

Management 64

Management Management Cash Management Point of Sale 64

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

The Restaurant Times

MARCH 10, 2022

If your head chef is responsible for managing the kitchen and producing great food, the restaurant manager is accountable for the smooth functioning of the establishment and many other duties. Tips To Streamline Restaurant Manager Duties In The UAE. Resource Management . Communication & decision-making skills.

Management 52

Management Management Cash Management Employee Relations 52

Xtra Chef

SEPTEMBER 14, 2020

This product release includes the debut of Waste Tracking for Inventory Management users, updates to xtraCASH and Sync, and some new features to look for in the Vendor Hub and Purchasing & Ordering Management. Inventory Management users, meet Waste Tracking! Send it right to the source.

Waste 88

Waste Cash Management Online Ordering Inventory 88

The Restaurant Times

OCTOBER 28, 2021

In the restaurant industry, effective capacity management is critical to success which depends largely on how well you can control the traffic. As a restaurant owner, you cannot let your customers wait in line for hours and hours or pressure staff to somehow manage customer expectations. Point of Sales (POS) System .

Technology 52

Technology Operations Point of Sale Mobile Ordering 52

The Restaurant Times

NOVEMBER 15, 2021

You work hard to train your bar staff, keep your customers happy, maintain positive distributor relationships, stay on top of your bar’s sales and inventory data, keep your establishment clean, bring in business, and reinforce the big picture of your bar, whether you’re a bar manager, beverage director, or general manager. .

Training 52

Training Bar Dietary Restrictions Point of Sale 52

Deliverect

JUNE 30, 2020

So how can you make sure you streamline your operations so you can give the customer what they want, while managing your business in the most efficient way? Resengo is a restaurant solution that facilitates all these elements and also links with the most commonly used digital for staff, cash register or CRM systems.

Food 94

Food Online Ordering Cash Management Waste 94

Bingage

OCTOBER 5, 2019

If all things and planning goes right, opening and managing a restaurant can be very fruitful, Here I am sharing a complete guide on how to make a new restaurant successful. Promotion of a new restaurant is one of the important tasks of the restaurant manager. Image Source. Productive use of CRM and POS system.

Loyalty Program 74

Loyalty Program Social Media Cash Management Seminar 74

BNG Point of Sale

JUNE 19, 2020

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. The overall benefits of a BNG POS System. Having a POS software system in place is a key way of creating immediate and more frequent sales. Let’s take a closer look at some of these systems.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

7 Shifts

NOVEMBER 16, 2021

Recommended Reading: Tip Pooling Tools to Manage Tips at a Restaurant. However, servers who earn a generous cash tip might be less incentivized to share the full amount, and let's face it - manually entering tip amounts into a spreadsheet and distributing them accurately takes up far too much of your time. Implement Custom Tip Pools.

Tip Distribution 195

Tip Distribution FOH Front of House Restaurant Law 195

Sling

JUNE 8, 2020

When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size. It might be a little.

Small Business 109

Small Business Cash Management Uniforms Tip Distribution 109

Modern Restaurant Management

MARCH 31, 2020

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. At around the same time, 160 Applebee’s restaurants found malware on POS systems. The malware was designed to steal customer names, credit card numbers, and verification codes.

Website Management 168

Website Management Retail Small Business Online Ordering 168