Mad Mobile

FEBRUARY 26, 2024

Are you keeping a close eye on your beer, wine, & liquor inventory costs? Operators who calculate their cost of sales add 2–10% to their bottom line. It also has one of the most complex stock lists. Because liquor, wine, and beer have such wildly varying prices, it pays to keep tight controls on ordering and inventory.

Inventory 40

Inventory Bar Management Management 40

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.

Inventory 78

Inventory Management Management Waste 78

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 103

Inventory Management Management Waste 103

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).

Inventory 78

Inventory Management Management Merchandise 78

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

Lavu

NOVEMBER 10, 2022

A modern restaurant point-of-sale (POS) system now offers many automation tools that make it easier to operate more efficiently and effectively. . #1) Related: Kitchen Display Systems: How Your Restaurant Can Benefit #3) Inventory Management System Tracking inventory at your restaurant can be tedious.

Employee Relations 78

Employee Relations Inventory Fast Casual Point of Sale 78

Lavu

DECEMBER 12, 2022

List all the cash that’s going out each week and each month, including: Rent, loans, or mortgage payments Food and drink ingredients Labor costs Supplies An essential tool for monitoring cash coming in and out of your business is a point-of-sale (POS) system. Learn More: Learn How to Make Accurate Restaurant Sales Forecasts 3.

Cash Management 78

Cash Management Management Management Point of Sale 78

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. During the COVID-19 pandemic, restaurants implemented new safety measures designed to encourage social distancing and limit points of contact.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

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.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

NOVEMBER 12, 2021

You are already generating data about your food cost, menu items, and sales levels. At its core, menu engineering tracks the profitability of menu items individually, as well as your product sales mix. At its core, menu engineering tracks the profitability of menu items individually, as well as your product sales mix.

Menu 143

Menu Operations Point of Sale POS 143

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. Sales optimisation. Restaurant back-of-house operations form the backbone of a restaurant’s success. Food safety.

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Back of House FOH BOH Front of House 52

Restaurant365

OCTOBER 22, 2021

There are many restaurant data points that can help you see beyond the buzz of the day-to-day of a restaurant and get a glimpse at the health of your business. How to calculate labor cost as a percentage of sales. Your total labor cost will change over time as sales levels fluctuate. How to calculate sales per labor hour (SPLH).

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Lavu

DECEMBER 12, 2022

If you’re looking for an affordable and simple way to process sales at your business, you can find everything you need in an iPad POS system. This guide will help you get the information you need to make an informed decision as you choose the right iPad point-of-sale system for your business.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. Background. Eli’s Restaurant Group is a family of restaurants that’s called Connecticut home for more than two decades. “What should I charge for this? ” he listed.

Demo 148

Demo Point of Sale Cash Management Waste 148

Restaurant365

JUNE 15, 2021

Your restaurant is constantly generating data, whether from your sales revenue, food costs, or labor hours. You may have a hunch that you are doing fewer table turns on the weekend, or that your inventory has gotten wasteful recently. Understanding your CoGS means that you need to keep accurate periodic inventory.

BOH 78

BOH FOH Point of Sale Back of House 78

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. You receive time in your Point of Sale (POS) system. Tracking time occurs in many different systems.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

JANUARY 7, 2022

Upgrading to a handheld point-of-sale device will save your servers valuable time when taking guest orders. It is hard to believe that it has been almost two years of restaurants adjusting operations due to COVID-19. The resurgence of the virus will increase the demand for outdoor dining options. Add a sense of privacy.

Outdoor 148

Outdoor Seasonal Menu Point of Sale Dine-in 148

Restaurant365

FEBRUARY 15, 2022

If your forecasts are off and you understaff or under order inventory, it negatively impacts the guest experience, and ultimately the bottom line when you lose business as a result, or your managers are forced to comp meals to compensate for poor service. How to forecast restaurant sales. What is restaurant forecasting?

2022 78

2022 Point of Sale Inventory Events 78

Restaurant365

OCTOBER 15, 2021

Because sales and labor needs can change by the hour, day, week, and month, it can be difficult to control your labor budget over time. Your total labor cost is a dollar figure that may shift over time as sales fluctuate (we’ll discuss calculating this labor cost as a percentage below). Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

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. Part 2 will take a deep dive into how to forecast restaurant sales, including labor demand forecasting and food demand forecasting.

2022 78

2022 Cash Management Point of Sale Inventory 78

Restaurant365

JANUARY 12, 2022

Higher minimum wages, combined with the labor shortage are stretching restaurant labor budgets to a near breaking point, requiring you to optimize your restaurant labor costs now more than ever. Your hourly sales forecasts and custom labor model provides managers with suggested number of employees for each hour of the day.

Point of Sale 78

Point of Sale POS Employee Relations Information 78

BNG Point of Sale

OCTOBER 13, 2021

Types of Point-of-Sale (POS) Systems. Point-of Sale (POS) systems are increasingly powerful tools for improving sales and profits. They offer a wide range of hardware and software options to aid in everything from sales to management to accounting. Business owners have many POS systems from which to choose.

POS 52

POS Loyalty Program Point of Sale Cash Management 52

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. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Restaurant365

JANUARY 21, 2021

Not only can your food cost help you better understand your restaurant group’s budget, but it can also drive your menu pricing and inventory control at all your locations. Your food cost percentage is this food cost number as a percentage of sales. Your food cost percentage is key to optimizing your profit levels.

Food 78

Food Inventory Point of Sale Waste 78

Restaurant365

JULY 29, 2021

The restaurant industry saw new trends like: Increased sales for take-out and delivery. Rise of ghost or virtual kitchens targeting delivery-only sales. While at some points of the restrictions, your restaurant may have looked to just get through, now is the time to grow restaurant profitability.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

OCTOBER 1, 2021

It can be calculated with the following formula: Gross Profit = Total Sales – CoGS. Your gross profit margin is expressed as a percentage, which you can use to understand how much of every dollar you make goes to your profit margin: Gross Profit Margin = (Gross Profit ÷ Total Sales) x 100. Why restaurant profit margins are low.

Point of Sale 78

Point of Sale Food Truck Loyalty Program Inventory 78

Restaurant365

DECEMBER 4, 2020

Other restaurants had to shift operations to a limited-capacity model, adjusting labor and food costs to match new sales levels. Your restaurant’s break-even point is the sales you need for a certain period of time to not lose money, or “break even.” Generating enough revenue to break even.

2021 78

2021 Operations Mobile Ordering Social Media 78

Restaurant365

JUNE 26, 2020

Sarah Ballard, director of finance and a Certified Public Accountant, explained that C21 Group/BLCO was using many different sources of information that needed to be transferred into QuickBooks manually, from the store point-of-sale (POS) to other store operational software. employing more than 700 people.

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Franchise Franchising Cash Management Demo 148

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Smart ordering or smart prep suggestions, based on forecasted sales, can help minimize over-ordering or over-prepping.

Operations 78

Operations Leadership Point of Sale Cash Management 78

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. As a restaurant operator, you are the backbone of the restaurant.

Inventory 78

Inventory Audits Point of Sale Information 78

Mad Mobile

FEBRUARY 29, 2024

As bar owners and managers, you know that having the right point of sale system for your restaurant or bar makes all the difference. The best POS for your bar allows you to run open tabs, split checks, and track your inventory. A good POS system can help you keep your customers and employees happy with speedy, accurate service.

POS 40

POS Bar Brewery Customer Service 40

Lavu

NOVEMBER 18, 2022

An idea to open a pizzeria is just an idea until you put your plan on paper. If you’re ready to turn your dream of opening a pizza restaurant into a reality, here is an example of a pizza business plan to help you get started. Use the ebook and example pizza business plan to get ready to open your new business. How much space do you need?

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

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. An advanced, restaurant-specific inventory management system can identify pricing errors.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Restaurant365

APRIL 4, 2022

Businesses in most industries spend about 6% to 7% of annual sales on various technology to help make them better at what they do. Today, the industry, Smith said, spends anywhere from one to one-and-a-half percentage points more than it did on technology a decade ago. The State of Sales, Staffing, and Food Costs.

Point of Sale 78

Point of Sale Technology Customer Experience Mobile Ordering 78

Restaurant365

MAY 27, 2021

In a fluctuating economy, you don’t know exactly what is going to happen to sales. To understand the prime cost dollar amount in context, you can calculate it as a percentage of sales: Prime Cost as a Percentage of Sales = Prime Cost ÷ Total Sales. Where should you start?

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Ordyx

MARCH 28, 2021

The sales data collected by your point of sale system is a great resource to discover trends for the peak times in your restaurant. The sales data collected by your point of sale system is a great resource to discover trends for the peak times in your restaurant. Service is key here.

POS 52

POS Inventory Point of Sale Email Marketing 52