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How Restaurant Finance Teams Can Support Operations to Increase Profitability

Restaurant365

Day-to-day responsibilities might differ between corporate-level financial leadership and operations leadership, but the teams shouldn’t be isolated. From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers.

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How to Build a Data-driven Culture for Your Restaurant Group

Restaurant365

How do you get your store-level managers and other leadership to use the convert data into actionable insights? Add in all of the invoices, orders, and inventory you are tracking. Just like almost any new initiative, creating a data-driven culture depends on leadership making it a priority. What is a data-driven culture?

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10 Restaurant Strategies for Controlling Food Costs

Restaurant365

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 Acquires Compeat to Create Market Leader in Restaurant Management Software

Restaurant365

The acquisition extends Restaurant365’s leadership in the space and further enables its commitment to helping restaurants thrive. . Restaurant operators can learn more about Restaurant365 by scheduling a demo here. . The combined business will be led by Tony Smith, CEO of Restaurant365, and will serve over 28,000 restaurants.

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Eli’s Restaurant Group Recoups $1.1 Million Prime Cost Gap During Pandemic with Restaurant365

Restaurant365

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. The leadership team reviews Restaurant365’s AvT analysis report with location managers on a weekly basis. Schedule a Demo Schedule My R365 Demo.

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5 Ways to Combat Restaurant Manager Burnout

Restaurant365

If you are experiencing burnout, below are 5 important skills that got you into your restaurant leadership position to begin with but may have faded over the last few years in the wake of the pandemic. Your daily duties may include creating schedules , counting inventory , and entering invoices , but that does not define you.

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Critical BOH Restaurant KPIs That Optimize Labor Costs and CoGs, Part 2

Restaurant365

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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