Modern Restaurant Management

DECEMBER 18, 2023

Fifty-three percent of those respondents said they have reduced their cost of goods sold (COGS) through better inventory tracking of key ingredients. In addition, AI can be used to automate and improve many back-of-house processes such as sales forecasting, purchasing, inventory, scheduling, and accounting.

2024 195

2024 2023 Back of House 2022 195

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. This is important because the material shifts in consumer behavior are largely associated with how they choose to discover, purchase, and receive their goods from restaurants. Tracking Supply Chain Flow.

Supplies 214

Supplies Management Management Food Supply 214

7 Shifts

FEBRUARY 7, 2024

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Restaurant employee scheduling software Other than having a good product, your staff and how you manage them is the ultimate marker of restaurant success.

Technology 312

Technology Mobile Ordering Social Media Online Ordering 312

Xtra Chef

SEPTEMBER 16, 2020

Every hospitality vet knows that taking inventory sucks. It’s time-consuming to write down the numbers of every single item in the walk-in by jotting notes on a printout, then transferring the notes to an Excel spreadsheet or directly into an old-school inventory management system. So stop taking inventory the old way!

Inventory 79

Inventory Mobile Ordering Back of House Demo 79

7 Shifts

AUGUST 6, 2021

Staff scheduling, inventory management, menu analysis , guest satisfaction, profitability, and so much more rest on the shoulders of accurate restaurant forecasting. When successful, they keep a restaurant in the black - but they require time, dedication, and a good bit of math to get right. Inventory Management.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. This is where the concept of dynamic pricing comes in to help restaurants! What Is Dynamic Menu Pricing?

Pricing 52

Pricing Menu Seasonal Menu Point of Sale 52

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

Inventory 78

Inventory Management Management Food 78

7 Shifts

MAY 23, 2024

During this time, your customers scan the menu, go through the descriptions, and review the prices before deciding. Offer smaller portions as options Large and generous food servings are usually welcomed by customers who love a good deal, as they can get more food by paying less. This is according to a study by Toast.

Social Media 195

Social Media Loyalty Program SEO Email Marketing 195

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. In the face of intense competition and fluctuating consumer demand, consistently turning a high profit becomes a monumental task. How are a Restaurant’s Profits Measured?

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

JANUARY 31, 2024

Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?

2024 199

2024 Online Ordering Website Management 2023 199

Restaurant365

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. Understanding how to master restaurant inventory management is an invaluable skill. Your inventory control tracks what is coming in and out of your restaurant and what is left over during a certain period of time.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

OCTOBER 16, 2019

When most restaurant owners think about how to manage restaurant inventory, they think of food cost control. For restaurant owners, inventory control is closely related to accounting and food cost management. The nuts and bolts of restaurant inventory management. Inventory tracking also includes product transfers between stores.

Inventory 113

Inventory Management Management POS 113

7 Shifts

OCTOBER 8, 2021

Food and Inventory Costs. Prime cost is the sum of direct labor costs and the cost of goods sold (CoGS). Cost of goods sold is the raw material cost of your beverages and food, and labor cost is made up of payroll, employee benefits, taxes, and bonuses. The first half of your prime costs is your cost of goods sold, or COGS.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. It’s time-consuming, taking you and your staff away from the things that drew you to the restaurant industry in the first place: making incredible meals and creating memorable experiences. Part 2: Why Inventory Management Matters. Table of Contents.

Inventory 78

Inventory Management Management Cash Management 78

The Restaurant Times

NOVEMBER 8, 2021

You need to carefully price your restaurant menu to make it to the top and earn as much as possible. While it’s understandable that you want to make a profit, being overly aggressive with your menu pricing can drive the customer away. It is about the right balance when applying your pricing strategies. .

Pricing 59

Pricing Menu Consumer Goods Seasonal Menu 59

Culinary Cues

DECEMBER 17, 2020

There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables. Even the best operators are at a loss for solutions.

Uniforms 470

Uniforms Cash Management Brewery Consumer Goods 470

Restaurant Engine

AUGUST 2, 2020

Restaurant owners implement Enterprise Resource Planning (ERP) solutions for inventory management and real-time low stock notifications. Also, when inventory levels fall below par, an ERP system will prompt a manager to re-stock, or even automatically place an order to a supplier. Selecting a good ERP is critical.

Inventory 80

Inventory Management Management Point of Sale 80

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. Sellers would make money from foods that they would otherwise throw out, while buyers would get good deals.

Food Supply 125

Food Supply Food Waste Supplies 125

Ken Burgin

JULY 23, 2023

Give answers that appeal to a restaurateur or accountant with fairly sophisticated financial understanding and good analytical skills.’ Contribution Margin Analysis: By determining each item’s contribution margin (selling price less variable cost), the Interpreter can help identify which items bring the most marginal profit per sale.

Menu 113

Menu Seasonal Menu Point of Sale Pricing 113

Modern Restaurant Management

OCTOBER 2, 2023

News of these events, coupled with inflation, have led consumers to become increasingly conscious about food waste, adopting strategies such as better meal planning, using leftovers, and buying imperfect produce or upcycled products. This is basically a hack that allows operators to only inventory their top value items for it to work.

Waste 176

Waste Technology Food Inventory 176

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

JANUARY 18, 2022

Less food waste means lower Cost of Goods Sold (CoGS), potentially adding to your profitability. What is pre-consumer waste and post-consumer waste? Most food waste can be categorized by pre-consumer waste and post-consumer waste. Discourage post-consumer waste by reducing your portion sizes.

Waste 147

Waste Compost Food Consumer Goods 147

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. By injecting a sense of playfulness into their interactions with consumers, brands are creating unforgettable experiences that build lasting relationships.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Hot Schedules

OCTOBER 23, 2019

You’d be hard-pressed to find a restaurant manager who actually likes taking inventory. It’s time-consuming. But good managers know the importance of a good restaurant inventory management process. And yet, many restaurants still use spreadsheets to count their inventory. It’s complicated.

Inventory 60

Inventory Management Management Consumer Goods 60

Izettle

NOVEMBER 15, 2021

But as any small business owner knows, adding new e-commerce channels also means adding new challenges to your day to day – and they usually revolve around inventory. Is that just the price you pay for modernising your business? Your inventory is a living thing. The importance of inventory management.

Inventory 52

Inventory Management Management Point of Sale 52

Tableo

JULY 27, 2023

In this guide we will delve into food & beverage (F&B) control methods to help you generate profitability and uphold good standards. Here’s why it’s so important: Cost management: Good F&B management enables you to control expenses, cut waste, and boost profit margins. So let’s dive in!

Beverage 75

Beverage Food Inventory Waste 75

BNG Point of Sale

MAY 17, 2021

All of these features are meant to boost your profits, and one of the main ways a business can do that is through inventory management. Let’s look at how a POS inventory management system works in tandem with your accounting system to ensure your small business is profitable. Retail Store Inventory Management Through Your POS System.

Retail 52

Retail Inventory Management Management 52

7 Shifts

OCTOBER 31, 2022

A good operator looks back on their Business Plan on a monthly or quarterly basis to gauge where they are in terms,” says Mark Moeller, president, and owner of The Recipe of Success , a national restaurant consulting firm. Are they an island, or do they have good connections? Investors want to see that you have good people around you.

Point of Sale 398

Point of Sale Back of House Document Download 398

Modern Restaurant Management

JUNE 27, 2023

While consumers still love restaurants, economic headwinds are forcing many to cut back on discretionary spending, and restaurants are experiencing higher prices across the board for line items that include food, labor, utilities and occupancy. The cost of goods sold (COGS) measures food and beverage expenses.

Operations 106

Operations Consumer Goods Point of Sale Seating 106

Modern Restaurant Management

OCTOBER 26, 2022

While using credit cards is a convenience for consumers, this form of payment represents a major cost center for restaurants. Credit card acceptance is an essential part of doing business today as more consumers move toward cashless forms of payment. merchants who accepted credit cards as payment for goods and services paid $105.23

Consumer Goods 175

Consumer Goods Restaurant Law Audits Customer Service 175

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

MBB Hospitality

MARCH 24, 2020

Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management. Otherwise, it won’t do you much good.

Inventory 52

Inventory POS Cash Management Tip Distribution 52

Apicbase

MAY 29, 2024

A straightforward definition of a ghost kitchen—and one that allows us to include all the different types we see on the market today—is a kitchen without a dine-in space or storefront that prepares food consumed elsewhere. This will simplify procurement and inventory management , allowing you to purchase larger quantities for better prices.

Kitchen Safety 52

Kitchen Safety Front of House Online Ordering Food Order 52

Modern Restaurant Management

MARCH 4, 2021

While the green light to reopen is long-awaited good news, as various states continue to allow establishments to open dining indoors at a limited capacity, there are monumental impacts to the overall foodservice industry and subsequent impacts on the food and beverage manufacturers and distributors who are called upon to act quicky.

Food Supply 112

Food Supply Food Safety Food Truck Inventory 112

The Restaurant Times

AUGUST 10, 2020

of its total operating budget on purchasing goods and raw materials. Restaurant inventory is readily prone to contamination, theft, and pilferage which adds to the overall costs. Therefore, it is essential to keep a keen eye on the inventory to ensure that there is no wastage or unnecessary expenses. Perpetual Inventory Form.

Inventory 52

Inventory Operations Waste Uniforms 52

Cheetah

JANUARY 30, 2022

Disposable restaurant supplies are part of critical inventory used by every restaurant, food-truck and caterer on a daily basis. This has inflated prices and made disposables hard to come by. Consumers Willing to Pay More for Eco Friendly Disposable. Reading Time: 3 minutes. Restaurant Supplies.

Supplies 148

Supplies Food Supply Compost Back of House 148

Cheetah

JANUARY 30, 2022

Disposable restaurant supplies are part of critical inventory used by every restaurant, food-truck and caterer on a daily basis. This has inflated prices and made disposables hard to come by. Consumers Willing to Pay More for Eco Friendly Disposable. Reading Time: 3 minutes. Restaurant Supplies.

Supplies 148

Supplies Food Supply Compost Back of House 148