Modern Restaurant Management

JANUARY 8, 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. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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2024 Loyalty Program Cash Management Customer Experience 215

Ordyx

MARCH 28, 2021

This article will cover some restaurant tips and a couple of ways your POS system can help boost productivity in your establishment and ultimately increase profits. Efficient Labor Management A restaurant can only be as good as it’s front-line service and a great way to ensure good service is to keep your employees happy.

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POS Inventory Point of Sale Email Marketing 52

Touch Bistro

MAY 10, 2021

And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.

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Modern Restaurant Management

DECEMBER 20, 2021

The pandemic forced restaurants to adapt to not only a new, leaner business model but also to new consumer behavior. So what makes a good contactless menu? A good mobile experience. The good news is that it’s never been easier for restaurants to design professional-looking, state-of-the-art online menus.

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Mobile Ordering Online Ordering Consumer Goods Customer Experience 227

Restaurant365

JANUARY 4, 2022

Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste. Integrate restaurant inventory management with your POS system. POS integration can automate steps like uploading invoices, auto-updating ingredient prices, and tracking recipes. from a year ago. More about this later.).

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Inventory Pricing Management Management 148

7 Shifts

DECEMBER 3, 2019

Step 2: Consult With Other Multi-Location Franchisees While all of your numbers and data may point to expanding your franchise, there are details and stories about expansion that numbers can’t always tell you. The people have spoken, and your restaurant franchise is a winner. Here are some of the questions you should ask yourself.

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The Restaurant Times

JUNE 30, 2021

This has increased the demand for POS software for every fast food restaurant. A well-integrated POS software makes the job easier for the staff and allows them to manage different functions seamlessly. . This article will present the most essential POS features that a fast food restaurant must have. . Third-party Integrations.

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Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. Why a POS system is not suitable for inventory management. The POS system doesn’t do analysis.

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Restaurant365

OCTOBER 16, 2019

When tightly integrated with both the accounting system and POS system, inventory tracking is a more useful, accurate tool that can be used to lower cost of goods sold (CoGS), minimize food waste, and better allocate ingredients. Restaurant inventory management can be time consuming and challenging to do well.

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Restaurant365

JULY 21, 2021

How do you keep track of all these different shipments and ingredients to minimize food waste, ensure you are prepared for service, and optimize what you’re spending on your ingredients? This means that for restaurant owners and operators, the budget you have invested in product can quickly go to waste if inventory control isn’t top of mind.

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The Rail

MARCH 27, 2024

By Emma Carter, Contributor The 2024 National Restaurant Association report shows that sales are up and restaurants are hiring. However, labor and food costs have gone up and consumers have become more value-conscious. Reduce the food waste you generate. Guests are also looking for more personalized dining experiences.

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Email Marketing 2024 Point of Sale Seasonal Menu 52

Apicbase

MARCH 28, 2024

Sales optimisation. Restaurant back-of-house operations form the backbone of a restaurant’s success. The back-of-house (or BOH) manages crucial elements that impact cost control and profitability. These include food production and inventory management. Additionally, the BOH handles food safety and restaurant administration.

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Lavu

DECEMBER 9, 2019

Minimize Waste. Even though more than 37 million people struggle with hunger in the United States alone, 30 to 40 percent of all food produced is wasted, according to the United States Department of Agriculture , and the restaurant industry is far from innocent. Keep Track of Your Inventory.

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Food Point of Sale Seasonal Menu Waste 91

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Track Your Daily Sales.

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Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. While manual inventory management used to be “good enough,” it’s a slow, error-prone process that could be eating into your profitability.

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Inventory Management Management Waste 103

MBB Hospitality

NOVEMBER 15, 2023

Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Implementing software that integrates with your point-of-sale (POS) system can provide real-time data on food usage, allowing for immediate adjustments in purchasing and menu pricing.

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BNG Point of Sale

AUGUST 27, 2021

Unfortunately for many entrepreneurs who find themselves in this situation in the food industry, there is no easy answer when it comes to improving margins; you need to try different things and see what works best for you to get a good return on investment. . Gross profit is what you have left after deducting all costs of goods sold (CoGS).

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Restaurant365

JUNE 24, 2020

This requires not only increasing total sales, but also reducing costs. While these are not optimal times in the restaurant industry, there are tactics you can implement now to both increase sales and optimize your controllable costs. Advanced inventory management software can import menu items from your POS, then map them to recipes.

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Point of Sale POS Inventory Employee Relations 78

Cheetah

JANUARY 13, 2022

In the world where consumers are bombarded by options, competition is fiercer than ever. In business terms, a good program will increase targeted retention, driving more revenue and decreasing acquisition costs. Good brand loyalty apps make it easy for members to understand their earnings and review their purchases.

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Loyalty Program Mobile Ordering Airlines Merchandise 148

Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. While manual inventory management used to be “good enough,” it’s a slow, error-prone process that could be eating into your profitability.

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Inventory Management Management Waste 78

Sling

SEPTEMBER 13, 2022

For example, your point-of-sale software is cumbersome for your employees and customers and needs to be replaced. Your point-of-sale software update can be pushed off until later because it’s not causing any problems at the moment. 2) Don’t waste your time. That’s where we can help. Let’s dive in!

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BNG Point of Sale

SEPTEMBER 2, 2021

Although this may seem low compared to other industries, it is because restaurants are impacted by what is commonly referred to as the big three expenses, namely: labor, overheads, and cost of goods sold. . The margin varies depending on several distinct factors, such as location and type of cuisine served. . 30% food costs . 30% labor .

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Restaurant365

JANUARY 21, 2021

Your restaurant food cost is also known as your Cost of Goods Sold (CoGS), the total cost of all the ingredients you use to prepare the menu items that you sell during a given period. Your food cost percentage is this food cost number as a percentage of sales. Your restaurant group is looking to the new year and making plans.

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Food Inventory Point of Sale Waste 78

Restaurant365

FEBRUARY 19, 2020

Keeping track of your finances is time-consuming, and yet it has enormous implications for your bottom line. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Modern restaurant accounting methods depend on accurate and timely data about your business.

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Point of Sale Cash Management Inventory Consumer Goods 120

BNG Point of Sale

SEPTEMBER 8, 2021

How To Increase Food Delivery Sales . Food and restaurant delivery sales are of critical importance now in the restaurant business industry. You will improve your restaurant’s revenue, sales, and profit margins if you give current and potential customers the option of ordering their food online and having them delivered.

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Restaurant365

MAY 27, 2021

Restaurant restrictions are beginning to ease, which is good news for restaurant owners and operators. In a fluctuating economy, you don’t know exactly what is going to happen to sales. Restaurant prime cost as a percentage of sales generally runs around 60%. Where should you start?

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Point of Sale Inventory Waste Food Order 78

Rocket Fuel

DECEMBER 9, 2022

Speed of Service impacts your customer satisfaction rate (or VOC, Voice of Consumer scores), is impacted by your labor retention rate and can deter guests from returning. Train, train, and train again on POS (Point of Sales) Train for speed and accuracy on the POS and remember: There’s no such thing as “too much training”.

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2024 Point of Sale Customer Service Seasonal Menu 52

Rocket Fuel

DECEMBER 9, 2022

Speed of Service impacts your customer satisfaction rate (or VOC, Voice of Consumer scores), is impacted by your labor retention rate and can deter guests from returning. Generate accurate sales forecasts. Your current sales trend or average, which is typically built into your schedule-building software, but not always.

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2023 Point of Sale Customer Service Seasonal Menu 52

Restaurant Engine

AUGUST 2, 2020

The abilities of an ERP to reduce food waste and pilferage, as well as the reduction of billable labor for inventory management, are the key value propositions for restaurateurs. Selecting a good ERP is critical. Control of Inflow : Food expenditures, including when goods are purchased from suppliers. Recipe Management.

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BNG Point of Sale

SEPTEMBER 7, 2021

Sales per square foot are one option. To calculate sales per square foot, divide annual sales by total interior square footage including kitchen, dining, and storage space to get a net rentable foot in the leased location. . High profit bars can easily double those sales metrics. . Bar Revenue per Square Foot .

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Deliverect

MARCH 17, 2020

So how can the food industry try to keep its head above water during these difficult times, and how can consumers continue to support their local food and hospitality businesses? This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels.

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Online Ordering Merchandise Food Website Management 146

The Restaurant Times

JANUARY 11, 2023

Here are some reasons why you should integrate automated order-taking in your restaurant: Boost Sales and Generate More Orders. An interactive AI phone ordering system enables restaurants to increase sales and order volume by answering multiple calls simultaneously. . Why would you not want to capitalize on this?

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Restaurant365

SEPTEMBER 17, 2019

While many see inventory control as time consuming or tedious, it is undoubtedly essential to managing your restaurant. While many see inventory control as time consuming or tedious, it is undoubtedly essential to managing your restaurant. So, how do you to manage restaurant inventory accurately and efficiently?

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Inventory Mobile Ordering Food Supply Point of Sale 60

Restaurant365

JUNE 4, 2021

Essentially, improving your restaurant profit margin relies on two things: your sales volume and your expenses. You can achieve a better sales margin by increasing sales revenue and decreasing expenses. ” Here are ten ways to drive long-term restaurant profitability, through increasing sales and decreasing expenses.

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Loyalty Program Point of Sale Inventory Customer Service 78

Izettle

NOVEMBER 15, 2021

Managing inventory across multiple channels can be confusing, time consuming, and stressful, and there’s a high chance of errors, which can be detrimental to the customer service you’ve spent years perfecting. But add multiple sales channels to the mix, and an already tricky element of the business becomes even trickier.

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Inventory Management Management Point of Sale 52

Goliath Consulting

JANUARY 6, 2022

According to Mary King, “third-party food delivery services have setup fees of up to $400, charge a commission of 10% to 40% per order, and may not integrate with your point-of-sale system.” Food delivery services are not the quickest or cheapest, but it is popular because of the convenience it provides for consumers. “A

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The Restaurant Times

AUGUST 5, 2022

In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. Keeping track of your numbers and Key Performance Indicators (KPIs) will not only help you in taking timely action but also point out specific areas that need immediate improvement.

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Cash Management Point of Sale Inventory Employee Relations 52