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.

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Hot Schedules

OCTOBER 4, 2019

Managing Inventory — and Your Time . Aside from the cost of the items themselves, there are many expenses associated with managing inventory. In order to maintain the highest-possible level of profitability, proper inventory management is vital. Inventory management is an inherently reactive piece of the business.

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Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance. Actual Food Cost (COGS).

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Inventory Management Management Merchandise 78

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.

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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.

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Xtra Chef

JUNE 25, 2019

Today, we announced that xtraCHEF has reinvented restaurant inventory management software. I wanted to share some thoughts on why we built an Inventory Management product and how our offering is different than any other product available in the market today. Why Build Another Restaurant Inventory Management Software.

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Inventory Management Management Demo 60

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.

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Inventory Management Management Waste 78

Restaurant Technology Guys

APRIL 26, 2023

Restaurant Technology Guys – YouTube Our YouTube channel will feature interviews, demos, tips, and best practices on online ordering, delivery, loyalty programs, POS systems, inventory management, marketing, and more.

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Technology Loyalty Program Demo Online Ordering 101

PathSpot

JANUARY 17, 2024

Understanding the Back-Of-House Operations BOH operations are crucial, and technology plays a pivotal role in streamlining these operations, offering advanced solutions for food safety, temperature controls, and inventory documentation. PathSpot – Request Demo today!

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Lavu

NOVEMBER 10, 2022

Related: Kitchen Display Systems: How Your Restaurant Can Benefit #3) Inventory Management System Tracking inventory at your restaurant can be tedious. But, you can automate inventory monitoring too. With a restaurant inventory management system, you can automatically deduct stock as inventory is used.

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Lavu

DECEMBER 12, 2022

Practice Inventory Management Consistent restaurant inventory management can solve many cash flow problems. This area is often overlooked by new restaurant owners and managers because it’s pedantic and dull, so it’s no wonder that sporadic inventory-taking is one of the most common reasons restaurants fail.

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Restaurant365

JANUARY 18, 2022

Pre-consumer waste is all food that’s wasted before it gets to the customer, like spoiled inventory and kitchen scraps. Food waste reduction requires some additional work to properly store, monitor, and use inventory ingredients, so employees must be fully invested in the process. Monitor inventory days on hand. Reduce spoilage.

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Restaurant365

OCTOBER 29, 2021

You can use back-office restaurant technology to support a positive guest experience in areas such as payment, inventory and food costs, and staff scheduling. Tight inventory control ensures menu item availability. With tight inventory control, your team can accurately track inventory and use that data strategically.

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Restaurant365

DECEMBER 1, 2021

Account for Inventory in Your Books. Count inventory on the date you close your books. Include packaging and paper products in your inventory counts. Double check the inventory on your balance sheet. Schedule a free demo of Restaurant365 today. Make sure your payroll taxes match your quarterly payroll returns.

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Restaurant365

JUNE 10, 2021

This combination enables us to provide, in my opinion, the most robust restaurant management platform in the world, full of restaurant-specific back-of-house modules such as accounting, analytics, inventory, scheduling, payroll, and more. Two leaders uniting. To help us accomplish our goal, let us help you.

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Apicbase

MARCH 28, 2024

These include food production and inventory management. The department is responsible for purchasing and managing inventory, food preparation, cooking and plating, menu planning and pricing, food safety, and hygiene. Inventory turnover – is a metric used to determine how rapidly your inventory sells.

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Xtra Chef

JULY 6, 2020

Get an Inventory Summary Report to analyze opening and closing numbers. Recipe Management isn’t the only module getting the love in this update—we have a new report for Inventory Management users, too! Under Operation Reports, you’ll see the new Inventory Summary option. To use this feature, simply scroll to Reports.

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Inventory Customer Experience Back of House Social Media 126

ChefMod

MARCH 16, 2024

Tie it Back to Inventory, Ordering, Business Analytics, and EzRecipe Our system also reconciles each purchase with your inventory list, providing invaluable insights into pricing across your supplier network and identifying alternative products to give you more choices and control.

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Management Management Mobile Ordering Demo 52

Xtra Chef

JANUARY 21, 2021

The difference between actual and theoretical food cost is known as food cost variance, which is caused by several factors: Theft, or shrinkage , which is often more prevalent in restaurants that don’t have proper restaurant inventory management controls and systems. Take inventory counts . Cost your recipes . Track food waste .

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Food Waste Inventory Demo 106

Xtra Chef

JULY 15, 2020

Streamline restaurant inventory management to reduce food cost. Inventory management is another key component of reducing food cost in restaurants. Lean times call for using a lean inventory. Of course, taking inventory is another time-consuming task when it comes to restaurant management. Are you ready to join them?

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Management Management Food Inventory 91

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. Being able to use that combined knowledge of what the recipes should be with the data that’s being generated from your clean inventory account—it can be kind of used as a treasure map,” he said.

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Restaurant365

NOVEMBER 12, 2021

When your POS system is fully, seamlessly integrated with your inventory management system, you can use that data in your menu engineering strategy. Recipe costing pulls up-to-date numbers from your Inventory managemen t software , plus sales information from your POS system. Schedule a free demo of Restaurant365 today.

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Restaurant365

MARCH 23, 2022

Closely manage your inventory. Restaurant inventory management monitors what ingredients come into your restaurant, what is leaving, and what is left over. Inventory tracking is an essential restaurant task—with more efficient food, beverage, and supply orders, you are saving money and adding to your bottom line.

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Restaurant365

MAY 20, 2020

Now, more than ever, is the time to optimize food costs by limiting your menu options, creating contract prices with your vendors, and tightening the way you handle your inventory. Manage Your Inventory. The key to gaining the most out of your inventory is how you reduce variances and tighten processes. WATCH THE WEBISODE.

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Inventory Food Order Customer Experience Waste 148

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. Schedule a free demo of Restaurant365 today.

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Cash Management Point of Sale POS Inventory 147

OneDine

JANUARY 9, 2024

From smart ovens and cooking appliances to inventory management systems utilizing IoT sensors, kitchens are becoming more efficient and data-driven, leading to reduced food waste and streamlined operations. Click here to schedule your personalized demo. Ready to see what OneDine can do for your restaurant?

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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.

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Operations Management Management Inventory 78

Xtra Chef

NOVEMBER 18, 2020

Common examples include improper refrigeration, over-ordering, and poor restaurant inventory management methods. You can reduce the amount of food spoiled in your kitchen with better inventory controls and placing orders based on par levels. Just add a waste event against an inventory item and choose a waste type, cause, and quantity.

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Waste Food Front of House Compost 110

Restaurant365

NOVEMBER 5, 2021

A commissary location can also help you condense your deliveries of inventory, resulting in potential volume discounts with vendors. A centralized location for prep can be integrated with your inventory management system, allowing you to streamline ordering, fulfillment, and in-person inventory tracking.

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Mad Mobile

FEBRUARY 5, 2024

Implementing a tableside ordering system like CAKE can help managers and owners track inventory and update menus on the fly. Learn more about tableside ordering and schedule a demo today! Schedule a CAKE Tableside Ordering Demo The post 5 Restaurant Types Perfectly Suited for Tableside Ordering Systems appeared first on Mad Mobile.

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Restaurant365

MARCH 30, 2022

But on a Monday morning when you arrive early to the back office to a pile of invoices waiting to be processed and last night’s food inventory spreadsheet is still sitting on the clipboard waiting to be entered, you might wonder why you signed up for this. Schedule a free demo of Restaurant365 today.

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Restaurant365

JUNE 15, 2021

You may have a hunch that you are doing fewer table turns on the weekend, or that your inventory has gotten wasteful recently. To calculate your CoGS totaled during a given period, you can use the following formula: CoGS = Beginning Inventory + Additional Purchases Made During the Period – Ending Inventory.

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Restaurant365

JUNE 26, 2020

Recently, Ballard recounts, when posting the weekly count, she noticed that the director of operations had gone through the accounts and noted the inventory that was over-ordered or too low. ” Schedule a Demo Schedule My R365 Demo. ” She also takes advantage of R365 for controlling costs.

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Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. And then, it allows you to maintain inventory at reasonable levels. Request a demo of Restaurant365 today.

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Restaurant365

MARCH 5, 2021

For inventory example, Mr. McDowell explained, one team member would count stock by hand, using paper and a clipboard. These manual systems for accounts payable (AP) and inventory consumed a lot of labor hours, explained Mr. McDowell. ” Other processes, like counting inventory, were also streamlined by the use of Restaurant365.

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Hospitality Management Management Inventory 78

Xtra Chef

SEPTEMBER 14, 2020

This product release includes the debut of Waste Tracking for Inventory Management users, updates to xtraCASH and Sync, and some new features to look for in the Vendor Hub and Purchasing & Ordering Management. Inventory Management users, meet Waste Tracking! Every item you’ve ever added to your inventory will appear to choose from.

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Waste Cash Management Online Ordering Inventory 88

Restaurant365

NOVEMBER 18, 2021

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. Ask for a demo of Restaurant365. However, tracking your labor cost is a bit more complicated.

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