Restaurant365

AUGUST 4, 2020

You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

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Inventory Management Management Cash Management 78

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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Inventory Management Management POS 113

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 103

Lavu

DECEMBER 20, 2019

Catered specifically to those in the restaurant industry as well as to emerging small businesses, Sourcery has the specialized ordering and inventory receipt capabilities that Bill.com lacks. Bill.com Reviews and Pricing. Pricing plans range from $29 to $59 per month per user, with the latter their most popular plan. Some users.

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Pricing Online Ordering Customer Service Small Business 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.

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Inventory Management Management Waste 78

Restaurant365

NOVEMBER 12, 2021

Your restaurant’s menu engineering strategy impacts your menu mix, pricing, and your overall profitability. You can use this information to make changes such as promoting your most profitable items or making ingredient or pricing adjustments that increase individual item profitability. Menu Price Analysis. Menu Item Analysis.

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Menu Operations Point of Sale POS 143

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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Customer Experience Technology Mobile Ordering Inventory 158

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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Cash Management Management Management Point of Sale 78

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. For items that are in between, such as bargain food items, raise the price of each item to determine if that item should be a keeper or not.

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Inventory Food Order Customer Experience Waste 148

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.

Waste 147

Waste Compost Food Consumer Goods 147

Xtra Chef

JULY 15, 2020

Plus, the prices of ingredients are fluctuating frequently due to supply chain and logistical challenges. Although many restaurants calculate plate cost when an item is added to a menu, it only captures the cost of that plate at a specific point in time, ignoring dynamic changes in ingredient pricing.

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Management Management Food Inventory 91

Xtra Chef

JANUARY 21, 2021

We all know that tracking food costs is a must, allowing you to quickly identify supplier price changes, maintain accurate prime costs, and identify cost trends to make better business decisions. The most recent ingredient prices for accurate recipe costs. Take inventory counts . It assumes zero breakage, shrinkage, or wastage.

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Food Waste Inventory Demo 106

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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Food Waste Inventory Food Order 78

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. The easy reporting in Restaurant365 allowed Mr. Steinbach to quickly pull food costs and cross-examine menu prices. Schedule a Demo Schedule My R365 Demo.

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Demo Point of Sale Cash Management Waste 148

Restaurant365

FEBRUARY 25, 2022

Pay attention to menu costing and pricing. The factors that influence menu pricing are the price you paid for the food as well as delivery fees, interest, and other charges related to purchasing. Gross Profit Per Item = Price – Menu Item Cost. Let’s use the same example above for a menu pricing example. to produce.

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2022 Menu Seasonal Menu Pricing 148

Xtra Chef

JULY 6, 2020

Once you’ve set a date range, the report will generate sales data for you to see exactly how many of each item was sold, the list price of that item, and the price at which that item was actually sold, along with gross and net margin percentages. Get an Inventory Summary Report to analyze opening and closing numbers.

Inventory 126

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.

Management 52

Management Management Mobile Ordering Demo 52

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. Take a Leadership Role in Menu Pricing.

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Operations Leadership Point of Sale Cash Management 78

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. Then, you can compare your theoretical to your actual food cost, which is the food cost given your real-time sales and inventory levels.

Food 78

Food Inventory Point of Sale Waste 78

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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Back of House FOH BOH Front of House 52

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

Mad Mobile

FEBRUARY 29, 2024

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. Beyond that, they can adjust pricing throughout the day, store recipes for your staff, and let you know who’s pouring heavy.

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POS Bar Brewery Customer Service 40

Lavu

NOVEMBER 18, 2022

Include information about competitors’ menu options, pricing, hours, and location. A few essentials include a pizza point-of-sale (POS) system , online ordering platform, invoice management software , and inventory management system. Based on your pricing and customers, how much revenue do you expect to generate?

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Loyalty Program Download Document Point of Sale 78

Hot Schedules

NOVEMBER 12, 2020

Review your pricing and rebate deals. When negotiating with suppliers, the larger the basket that they receive, the more competitive their pricing should be. If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order. Fix Pricing and Building Supplier Relations.

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Supplies Management Management Allergens 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. Optimized CoGS starts with accurate and detailed inventory management , which informs all purchasing decisions. Implementing New Pricing. Minimizing Food Waste.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Xtra Chef

NOVEMBER 9, 2020

This product release includes user experience updates to navigation and the Daily Sales Calendar, per unit pricing in Product Groups, improved functionality in Recipe and Inventory Management, and more! Product Catalog Shows per Unit Prices in Product Groups. Improved Inventory Management with Count Sheet Upgrades.

Customer Experience 81

Customer Experience Inventory Demo Pricing 81

ChefMod

MARCH 10, 2024

Running a restaurant comes with its unique set of challenges, and managing procurement and accounts payable can often feel like navigating a maze of paperwork, negotiations, and inventory management. What is the role of Price Management in ChefMod’s services? Each service is designed to enhance your restaurant operations.

Mobile Ordering 40

Mobile Ordering Pricing Customer Service Sourcing 40

Restaurant365

DECEMBER 11, 2020

Your suppliers may have experienced fluctuations in prices for ingredients in 2020. Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. First, price every ingredient you purchase, using accurate supplier data.

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2021 Cash Management Management Management 136

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. Another bonus?

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BOH FOH Point of Sale Back of House 78

Xtra Chef

SEPTEMBER 20, 2019

Fluctuating food prices (shoutout to the avocado) and rising labor costs aren’t making it any easier. Others are modifying menu items or raising prices to offset rising costs. Others are modifying menu items or raising prices to offset rising costs. Enter inventory management. Running a restaurant isn’t easy.

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Compost Waste Inventory Audits 60

Restaurant365

AUGUST 25, 2020

Too much inventory. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. it’s a good time to start trimming fat from inventory. Ask for a free demo today.

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Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

MAY 27, 2021

Forecast your labor and inventory. Essentially, forecasting is calculating the inventory and labor you will need for your restaurant during certain periods. The difference between your AvT food cost shows your lost profit, representing inventory costs that were wasted. Track Invoices for Pricing Errors. Conclusion.

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Point of Sale Inventory Waste Food Order 78

Restaurant365

JANUARY 13, 2022

Sourcing locally can also allow restaurants to offer seasonal menus that are often popular enough to bear a higher price, but are less expensive to produce, boosting your bottom line. Schedule a free demo of Restaurant365 today. Healthy twists on comfort foods.

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2022 Compost Recycling White Paper 147

Restaurant365

JUNE 3, 2022

Your daily duties may include creating schedules , counting inventory , and entering invoices , but that does not define you. Whether it’s accounting, scheduling, or inventory, there are faster and easier ways to do things at affordable costs. Schedule a free demo of Restaurant365 today. You are a restauranteur.

Management 78

Management Management Back of House Front of House 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.

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Operations Management Management Inventory 78

Xtra Chef

APRIL 22, 2020

For a lot of restaurants, inventory is notoriously difficult to track. Inventory in the industry is subject to price fluctuations, spoilage, spills, and waste, and with the fast pace of any given day, reporting inaccuracies are often the norm. However, solutions like xtraCHEF are designed with accuracy at top of mind.

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Cash Management Back of House Inventory Seating 80