Xtra Chef

NOVEMBER 11, 2020

COVID-related closures and attitudes toward dining are further complicated by the chilly weather that accompanies the holidays for a significant chunk of the U.S. Take another step toward controlling the cost of catered meals by using a procurement tool to make sure you’re getting the best prices available from your vendors.

Hospitality 155

Hospitality Seasonal Menu Front of House Social Media 155

Restaurant365

DECEMBER 20, 2021

Restaurant finance and accounting teams can also help operations examine food ingredient prices and relationships with suppliers. Keep an eye on vendor pricing by creating reports that flag items received above the agreed-upon contract price. Take a Leadership Role in Menu Pricing.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

SEPTEMBER 10, 2021

In addition, POS integration can automate steps like uploading invoices, auto-updating ingredient prices, and tracking recipes. Generally, the more frequently you count inventory, the better it can inform your ordering and other food-related decisions. Schedule a free demo of Restaurant365 today.

Inventory 138

Inventory Management Management Point of Sale 138

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. Beyond that, they can adjust pricing throughout the day, store recipes for your staff, and let you know who’s pouring heavy. In the cloud-based POS space, systems are designed for every type of restaurant and bar.

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

JUNE 24, 2020

One cause for rising CoGS might be because your suppliers have increased prices on your ingredients. If a particular ingredient has gone up in price, you may want to. seek a different supplier, try negotiating a lower contract price with your current supplier.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Black Box Intelligence

SEPTEMBER 21, 2021

Another trend we’re watching is pricing. Many restaurants are raising prices to deal with higher expenses, and it’s changing the way guests perceive value. In our examination of restaurant reviews from popular rating sites, we see fewer mentions of “good” and “reasonable” prices when compared to 2019. fewer FOH employees.

Fast Casual 89

Fast Casual BOH Fine Dining FOH 89

Restaurant365

JULY 24, 2020

Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Factor Delivery Costs into Your Ghost Kitchen Menu Prices. Include a portion of the delivery costs in your food prices to ensure your ghost kitchen makes a profit.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Lavu

DECEMBER 12, 2022

For example, an iPad point-of-sale system can track employee shifts and schedule like a legacy point-of-sale system, but also allow those schedules to be updated from multiple terminals and locations in real-time. Request a demo of Lavu’s iPad POS system. Request a demo of Lavu’s iPad POS system.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales. Last month’s segment performance paints a clear picture: price-conscious consumers are favoring the value-obsessed QSR and Fast Casual (Limited Service) segments. The result?

Fast Casual 78

Fast Casual Point of Sale 2022 Fine Dining 78

Restaurant365

MAY 17, 2022

The most important part of inventory management is understanding how the amount of product relates to your profit margin. It empowers your restaurant group to manage inventory end to end, automating multiple steps such as tracking recipes, uploading invoices, and auto-updating item prices. Review CoGS daily.

Inventory 78

Inventory Management Management Food 78

Restaurant365

AUGUST 4, 2020

Restaurant inventory management software can help you track your inventory to spot and minimize food waste, and it can also help you keep tabs on vendor pricing changes. Collect sales mix polling from your integrated POS and combine it with recipe costing to price menu items properly. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

AUGUST 25, 2020

Hold Vendors Accountable to Contract Pricing. Reviewing these numbers frequently can help you hold vendors accountable to the prices they are quoting. Also view item price verification across all of your locations to determine if all stores are paying the same price. Ask for a free demo today.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

MARCH 10, 2020

Inventory-related tasks, from counting to organizing, should be part of your restaurant’s training program. To encourage greater staff buy-in, ensure that employees understand how proper inventory tracking impacts the restaurant’s bottom line. Employee initials. Improved Employee Experience and Customer Experience.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

OCTOBER 30, 2020

In addition, since your food inventory is closely related to your restaurant cash flow , operational oversight of your inventory is especially important in an uncertain economy. Automated tools from your restaurant management software can help you monitor vendor contract pricing, proactively responding to contract violations.

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.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

MAY 27, 2021

It’s especially applicable to your prime cost, because restaurant food cost and labor cost fluctuate over time in relation to sales. You can also use a scheduling management system to track employees clocking in early or clocking out late or set up limits on clock in/out times. Track Invoices for Pricing Errors.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Restaurant365

MARCH 10, 2020

Inventory-related tasks, from counting to organizing, should be part of your restaurant’s training program. To encourage greater staff buy-in, ensure that employees understand how proper inventory tracking impacts the restaurant’s bottom line. Employee initials. Improved Employee Experience and Customer Experience.

Inventory 78

Inventory Management Management Waste 78

Gourmet Marketing

OCTOBER 13, 2021

Running a hotel is a complex job, and it requires talented employees who can work with and around hotel guests to keep them happy and satisfied with their stay. You need to seek out the best online job posting sites to ensure you can find the best employee for the hotel job you’ve got open. HospitalityCrossing.

Hotels 52

Hotels Recruiting Website Management Hiring 52

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales All growth numbers are year over year unless specified. The most immediate response has been largely unanimous among restaurants: raise prices. The result?

Fast Casual 40

Fast Casual Point of Sale 2022 Fine Dining 40

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 They’ll enjoy collective buying power.

Franchise 52

Franchise Franchising Food License 52

Modern Restaurant Management

APRIL 2, 2020

The National Restaurant Association Educational Foundation has launched the Restaurant Employee Relief Fund to support U.S. restaurant employees financially impacted by the coronavirus crisis. Clic here to d onate to the Foundation’s Restaurant Employee Relief Fund. This fund is designed to help those struggling employees.”

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

Restaurant365

JANUARY 4, 2022

Logistics challenges and labor shortages have fueled rising wholesale food prices. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of prices at the wholesale level, up 9.6% Confirm accuracy in vendor contract price. from a year ago. More about this later.).

Inventory 15

Inventory Management Management Food 15

Restaurant365

DECEMBER 16, 2021

Food-related operational reports. Taken together, this food-related operational reporting can have a major impact on your CoGS. Because your vendor pricing has an enormous impact on your overall food cost, consider keeping close tabs on vendor pricing by running receiving reports every two to three days. Labor reports.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Restaurant365

FEBRUARY 22, 2022

Menu engineering data helps you identify underperforming items to drive decisions on price adjustments, recipe adjustments, menu placement or description, or whether an item should be dropped from the menu. Effective scheduling depends on analyzing your labor data and scheduling your employees accordingly. Optimize Labor.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Xtra Chef

DECEMBER 2, 2020

Operators, managers, or employees assigned to the task typically use printouts to manually jot down the numbers of all inventory items, including their units of measurement (UOMs). You must trust that the designated employee is counting correctly, and also recording those counts in the proper place. Pretty cool, right?

Inventory 91

Inventory Management Management Cash Management 91

Restaurant365

AUGUST 19, 2021

Labor costs (employee wages, payroll taxes, employee benefits, etc.). How your restaurant inventory relates to net profit. Your chart of accounts is a key piece of your accounting ecosystem, listing every transaction that happens in accounts related to your restaurant business. Schedule a free demo of Restaurant365 today.

Inventory 147

Inventory Management Management Employee Relations 147

Modern Restaurant Management

AUGUST 5, 2020

Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond. Delightree app can also streamline employee onboarding. ” Onosys and ItsaCheckmate Partner.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Hot Schedules

FEBRUARY 3, 2021

Consider tactics like changing some ingredients or lowering the price to see the impact. Can you have a conversation with your supply chain to help adjust product volume and price point? What impact does a selling price change on individual dishes and guest perception? Related Posts. Swap out or adjust products?

Menu 88

Menu Seasonal Menu Food Supply Point of Sale 88

Modern Restaurant Management

JUNE 19, 2020

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

Food Safety 145

Food Safety Customer Experience Website Management Employee Relations 145

Xtra Chef

DECEMBER 11, 2019

The purpose is to help teams to better understand how accounting relates to the business of running a successful restaurant. Whether it’s pooling, mandatory or not, split, or tips by paycheck vs. cash tips—it can be tricky keeping your employees happy while maintaining an accurate balance sheet and payroll taxes. COGS and COGS Ratio.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Restaurant365

MAY 14, 2021

Your restaurant’s chart of accounts lists all the important financial information related to the business. This includes hourly wages, salaried wages, payroll taxes, and any employee benefits you offer. Ask for a free demo of Restaurant365 today. Chart of Accounts. Breaking down the P&L statement.

Management 78

Management Management Point of Sale Inventory 78

Apicbase

SEPTEMBER 16, 2022

How do they relate to each other? How Do Reporting & Analytics Relate? It can let you keep on employees that you’d need to fire otherwise. Your first instinct isn’t to correct the menu price. Click here to schedule your Apicbase demo. Here’s what we’ll cover: What is restaurant reporting?

POS 52

POS Operations Back of House FOH 52

EATER

APRIL 29, 2024

The company behind it explains the science and pricing of premium ice. According to Gordon Bellaver, who’s been a partner at Penny Pound since 2014, “That’s been the biggest hurdle: trying to explain and I guess, in a way, to justify the difference in product and the difference in price as well.” One gallon of raw milk? $20.

Point of Sale 114

Point of Sale Employee Relations 2012 2014 114

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc. Your concession owners are not your employees. The solution.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Restaurant365

FEBRUARY 24, 2021

The restaurant industry faces unique challenges, from a highly perishable inventory to management of hourly employee payroll. Intercompany eliminations remove certain transactions between related companies from the consolidated financial statements. Ask for a free demo of Restaurant365 today. Are intercompany entries automated?

Inventory 78

Inventory Point of Sale POS Franchise 78

Restaurant365

NOVEMBER 21, 2019

“We were using an accounting system called Peachtree, and it was so obvious that it wasn’t made for the restaurant industry — even customizing the reports so that food costs were related to food sales was impossible,” he recalled. Now, we’re getting line-item detail, like crab prices and the cost of lettuce.

Food 15

Food Demo Point of Sale Pricing 15

Modern Restaurant Management

NOVEMBER 18, 2019

The latest numbers from the Bureau of Labor Statistics show the number of employees in the industry growing by 2.6 There was some relief for restaurants in the form of rolling 12-month turnover for hourly, non-management employees declining slightly during September. The industry grew its same-store sales by 1.0 percent in October.

2019 108

2019 Point of Sale 2018 Consumer Goods 108