Culinary Cues

MAY 15, 2021

This creates a domino of challenges – labor dependance, the inability to pay reasonable wages, selling price ceilings that do not yield sufficient profit, etc. When menus are well researched and managed then a restaurant stands a chance of success. Without cash reserves the pandemic cause thousands of restaurant casualties.

Customer Experience 387

Customer Experience Cash Management Customer Service Front of House 387

Restaurant365

DECEMBER 11, 2020

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.

2021 136

2021 Cash Management Management Management 136

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 194

Loyalty Program Online Ordering Cash Management Point of Sale 194

7 Shifts

AUGUST 20, 2020

They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors?

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Modern Restaurant Management

DECEMBER 10, 2019

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses.

Cash Management 124

Cash Management Seasonal Menu Social Media Small Business 124

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. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

2022 218

2022 Customer Service Online Ordering Website Management 218

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

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. It’s important to monitor what’s selling so managers can order more in a timely manner, ensuring the most popular choices are always in stock.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Ken Burgin

NOVEMBER 15, 2021

The popular Aussie BYO is now available in fewer restaurants, and there needs to be a rethink about the wine range and pricing, especially if customers can no longer bring the good bottle they bought for $12 and now have to pay a minimum of $50 from your range. Watch for waste and over-pours – the stocktake system should pick up on that.

Point of Sale 147

Point of Sale Back of House Beverage Email Marketing 147

Restaurant365

SEPTEMBER 3, 2021

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.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Restaurant Engine

JANUARY 26, 2022

1: Change Your Pricing. The first and easiest food service financing solution is to adjust your menu pricing. Does a price change make sense? Will a price increase upset your customers and drive them away? Does your menu warrant a price increase? The biggest problem with food costs is waste. (tweet this).

Cash Management 59

Cash Management Food Website Management Inventory 59

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. The easy reporting in Restaurant365 allowed Mr. Steinbach to quickly pull food costs and cross-examine menu prices.

Demo 148

Demo Point of Sale Cash Management Waste 148

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

BNG Point of Sale

JULY 15, 2018

Well, a point-of-sale system is necessary when it comes to maintaining the operations of your business, but they also prevent theft, limit food waste, and help you make smarter ordering decisions. Many successful restaurants have food costs as high as 50% , and in spite of the high price are still making a considerable profit.

Point of Sale 66

Point of Sale Waste POS Cash Management 66

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

Ken Burgin

FEBRUARY 17, 2020

Ever seen staff help themselves to food, drink or even cash, and they seem to think it’s OK? You call it shrinkage, waste, ‘unders’, discrepancies or theft. It’s the grey areas that cause problems: drinks or food for friends and family, sloppy work that results in waste, or taking home left-overs. What do they call it?

Point of Sale 88

Point of Sale Cash Management Waste Hotels 88

Margin Edge

FEBRUARY 24, 2022

They can impact everything from menu prices to labor decisions and can vary from week to week. . When you purchase fish for sushi, oftentimes you need to trim the fish or other ingredients (meaning there’s going to be some waste) before the product makes it onto a plate. The Barrow House, Clifton, NJ. Take sushi vs beer.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

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

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . Review your pricing and rebate deals. When negotiating with suppliers, the larger the basket that they receive, the more competitive their pricing should be. If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order.

Supplies 78

Supplies Management Management Allergens 78

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. Don’t be afraid to increase price.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

BNG Point of Sale

OCTOBER 13, 2021

To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. A POS system for convenience stores is an invaluable asset and one of the most important business management tools for convenience store managers. Cash drawer. Keyboard and mouse.

POS 52

POS Cash Management Point of Sale Equipment 52

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. Coffee Planet partners with The Waste Lab to implement sustainable waste solutions. The winner will receive a cash prize of €5,000 (US $4,817). Registration is now open.

2022 135

2022 2023 Point of Sale Webinar 135

Cheetah

DECEMBER 14, 2021

For restaurant operators, shifting to plant-based ‘cash-cows’ not only makes economic sense, but it has never been easier. The price that can reasonably be charged for a dessert is, however, limited. From clean-label products to thoughtful waste management , consumers are now aligning their money with their values.

Food Supply 148

Food Supply Seasonal Menu Cash Management Pricing 148

Focus POS

JUNE 17, 2019

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.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Restaurant365

FEBRUARY 8, 2022

Those are going to change and evolve over the course of a year based on trends and the pricing/availability of product. It provides your managers with the data they need to help run the business. It also helps prevent overstaffing to prevent cash flow bleeding. Store-level manager accountability.

2022 78

2022 Cash Management Point of Sale Inventory 78

Xtra Chef

APRIL 22, 2020

Inventory in the industry is subject to price fluctuations, spoilage, spills, and waste, and with the fast pace of any given day, reporting inaccuracies are often the norm. Using artificial intelligence and machine learning, xtraCHEF applies correct inventory values and unit prices based on historical data from invoice uploads.

Cash Management 80

Cash Management Back of House Inventory Seating 80

Deliverect

MARCH 17, 2020

This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels. When handling cash payments - which you should try to avoid as much as you can - wear disposable gloves. …. It can also be challenging to manage cancelled reservations. Do a “spring cleaning”.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. You can also regulate the price of your menu items once you know exactly how much each meal has cost in preparation. Automated Inventory Management. Cash Flow Statement.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

BNG Point of Sale

AUGUST 19, 2021

electric and waste removal.) . You get a strong look at the biggest indicators for profit and how those elements are managed. Reduce Food Waste with Tight Inventory . Food waste comes in many forms, the biggest being theft, freebies, and loss of freshness due to prolonged storage.

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

Open for Business

OCTOBER 20, 2023

Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. Of course, none of the above matters if your pricing isn’t spot-on. Are people craving a new Italian place?

License 78

License Email Marketing Seasonal Menu Front of House 78

Cheetah

APRIL 13, 2021

Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. Legacy broadline distributors like Sysco and US Foods lacked price transparency and a convenient way for small business owners to search for inventory and manage their daily purchasing.

Operations 78

Operations Food Truck Food Supply Small Business 78

The Restaurant Times

JANUARY 31, 2022

Yes, you can enrol in restaurant management classes or attend culinary school. If you want to open a profitable restaurant, you’ll need a good budget, and unless you have a limitless supply of cash, you’ll have to include in it the expense of hiring a restaurant consultant. Experience . Source: Vocal Media.

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. . Catering

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Xtra Chef

JUNE 10, 2020

Using cloud-based software that easily integrates with existing restaurant management systems makes it easier and more cost-effective to implement and, subsequently, provide value to your team and your bottom line. We have to] price ourselves in a way that’s appealing to make sure that we compete with that market as well,” says Hunter.

Back of House 78

Back of House Point of Sale Cash Management Pricing 78