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

Restaurant365

JANUARY 11, 2022

And, with innovations in technology, the latest automated restaurant manager logs have now increased their usefulness beyond just handing off the day’s activities to the next manager and keeping above store operators apprised of what’s happening at their locations. Optimize employee productivity using a manager log.

Management 158

Management Management Employee Relations Communication 158

Lavu

DECEMBER 12, 2022

What can be done to build business savings relates to your ability to spend business funds wisely. Practice Inventory Management Consistent restaurant inventory management can solve many cash flow problems. Every successful restaurant manager will tell you that routine inventory control has been a reason for their success.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

JANUARY 11, 2022

And, with innovations in technology, the latest automated restaurant manager logs have now increased their usefulness beyond just handing off the day’s activities to the next manager and keeping above store operators apprised of what’s happening at their locations. Optimize employee productivity using a manager log.

Management 142

Management Management Employee Relations Communication 142

Restaurant365

DECEMBER 11, 2020

Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. Then, tracking the usage and yield of each item on the master inventory list, you can calculate the cost of your recipes and menu items. Focus on attracting, hiring and retaining the right employees.

2021 136

2021 Cash Management Management Management 136

Restaurant365

OCTOBER 15, 2021

With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Here are a few helpful labor cost terms, along with how they are related to your total labor cost. Hourly Employees. Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Restaurant365

APRIL 20, 2022

You should take the time to make sure that employees are properly trained, and that you clarify your expectations on customer engagement, cleanliness, and ticket times. As this crowd’s lifestyle is cultured around social media and technology, many incentivizing programs can be done simply through e-mail or text messages. Conclusion.

Loyalty Program 78

Loyalty Program Customer Service Employee Relations Customer Experience 78

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

Operations 78

Operations Management Management Inventory 78

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Keep close tabs on PPP and RRF spending.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Hot Schedules

SEPTEMBER 14, 2020

Leaders are adapting to the new safety expectations with a combination of technology, training, equipment, and materials purchases. A successful return to business will require the implementation of intensive new cleaning and safety programs for the protection of guests and employees while balancing the cost to your business.

Hospitality 78

Hospitality Management Management Employee Relations 78

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

JANUARY 12, 2022

Many restaurant groups still create employee schedules using the previous week’s schedule and adjusting it for the following week. With a custom labor model that provides scheduling “guardrails,” all your store-level managers can expertly schedule employees. Start by scheduling intelligently.

Point of Sale 78

Point of Sale POS Employee Relations Information 78

Restaurant365

JULY 24, 2020

Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. While the fees might be steep, you are leveraging proven technology platforms to connect with customers, receive online orders, and provide reliable delivery fulfillment.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

JUNE 24, 2020

An advanced, restaurant-specific inventory management system can identify pricing errors. With integrated receiving, AP automation technology catches precise data, such as vendors straying from contracted prices. Advanced inventory management software can import menu items from your POS, then map them to recipes.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Restaurant365

JUNE 4, 2020

We have outlined answers to some frequently asked questions as it relates to the guidance currently in place: When does the 8 week forgiveness period begin? Hourly wages paid to tipped employees during the elected covered period are eligible to be included in wages for the purpose of payroll costs in loan forgiveness.

Blog 142

Blog Employee Relations Restaurant Law Document 142

Hot Schedules

NOVEMBER 20, 2020

Through many years of exciting growth we have continued the mission of creating solutions that address the industry’s most complex challenges around inventory, task management, analytics and HR & payroll services. Related Posts. Get a demo, learn more, or just ask some questions. We’re here to help!

Retail 78

Retail Customer Service Hospitality Hotels 78

Lavu

DECEMBER 12, 2022

iPad POS Systems Nowadays, cloud-based technology allows businesses to move past the legacy point-of-sale system toward the iPad point-of-sale system. Related: Top Restaurant POS Systems: The Comparative Buyer’s Guide iPad POS Hardware The only hardware you need for an iPad POS is the iPad. Request a demo of Lavu’s iPad POS system.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Hot Schedules

DECEMBER 13, 2020

The city of Seattle has increased employee payouts over wage and scheduling disputes from $26,000 in 2014 to almost $4 million in 2020. Managers receive an alert when an employee’s wage is below the minimum and automatically increases their rate when a tip shortfall is recognized. Tipped Employees. Wage Compliance Requirement.

2020 78

2020 Employee Relations 2021 Hotels 78

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. This includes costs for technology operations expenditures (e.g., Business must have fewer than 300 employees. Good news for restaurants.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Restaurant365

DECEMBER 20, 2021

From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers. From there, operations can drill down into the variance by category or individual inventory item to find the root of the gap. Working with operations to set ideal labor productivity goals.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. In a food-focused model, things move slower, and the diner’s experience is the most important thing.  The best POS for your bar allows you to run open tabs, split checks, and track your inventory.

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

OCTOBER 14, 2020

Prime cost is made up of the cost of goods sold, or CoGS (the food and beverage inventory you purchase to make the menu items you sell) and your labor costs (the staff you need to run your business). Finally, these expenses may cover technology and software like restaurant management solutions, as well as any marketing or advertising costs.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes. Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste.

Inventory 15

Inventory Management Management Food 15

Restaurant365

JULY 8, 2021

Many restaurants turned to takeout and delivery to remain in business during the pandemic and because of pandemic-related restrictions. Employers are experimenting with how to overcome hiring challenges by using hiring technology and tools and other recruitment tactics. Ask for a free demo of Restaurant365 today.

Point of Sale 78

Point of Sale FOH Fine Dining Online Ordering 78

Apicbase

APRIL 5, 2022

In addition, Four Gals provides a complete support package that includes extensive training, marketing and public relations support, advice on pricing, and real-estate know-how. Franchisees are more committed and loyal to your business than regular employees. Schedule a demo. 5 You’ll gain highly-motivated business partners.

Franchise 52

Franchise Franchising Food License 52

Restaurant365

AUGUST 19, 2021

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. So, inventory has an important place in your restaurant accounting.

Inventory 147

Inventory Management Management Employee Relations 147

Xtra Chef

DECEMBER 2, 2020

Restaurant inventory management with Excel takes too time and can lose you money. Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits. Here’s a better solution.

Inventory 91

Inventory Management Management Cash Management 91

Restaurant365

MAY 25, 2022

Here are a few examples of how expanding the use of a technological solution can help alleviate the pain of the labor shortage: QR codes. The restaurant technology behind QR codes has been around for a long time, but the popularity of this tool grew during the pandemic. Schedule a free demo of Restaurant365 today.

Technology 78

Technology Mobile Ordering Social Media Online Ordering 78

Restaurant365

FEBRUARY 18, 2022

According to the National Restaurant Association’s recently published State of the Restaurant Industry, the percentage breakdown of operators who plan on investing in back-of-the-house technology in 2022 are as follows: Family dining – 30%. We know that it takes more than technology to run a successful restaurant. Casual dining – 28%.

Technology 78

Technology Dietary Restrictions Back of House Front of House 78

Modern Restaurant Management

AUGUST 5, 2020

TableUp’s technology will form the foundation of TouchBistro Loyalty – the soon-to-be-launched customer relationship management (CRM), marketing, and loyalty solution that will be fully integrated with the TouchBistro platform. ” Tyga Bites Launches. . NCR Adds Contactless Solution.

Food Safety 211

Food Safety Mobile Ordering Online Ordering Kitchen Safety 211

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. Your concession owners are not your employees. For restaurants and virtual brands, those relate primarily to brand consistency. Therefore, your ability to support, guide and train them is strongly related to their (and hence your) success.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Apicbase

SEPTEMBER 16, 2022

How do they relate to each other? On the back-of-house side of things, we have inventory, purchasing, and menu profitability reports. Restaurant analytics software combines multiple data sets — sales, staffing, inventory, and others — to dive deeper into the questions raised by canned reports… and to answer those big whys.

POS 52

POS Operations Back of House FOH 52

Restaurant365

JANUARY 26, 2021

Regarding using all PPP1 funds, do these funds have to be in relation to the 24-week covered forgiveness period or can we use PPP1 funds for eligible expenses after our covered period? In regard to calculating full-time employees (FTE) for 2019, would we the average monthly FTE for the 12 months and then take the 2019 average?

Operations 78

Operations Employee Relations 2020 2021 78