Restaurant365

JULY 9, 2020

Restaurant inventory management is the process of monitoring the food and beverage ingredients in your restaurant. Monitoring your inventory documents what food and beverage product is coming into your restaurant, what is leaving your restaurant as product sold, and what remains on your shelves and refrigerator. Sitting Inventory.

Inventory 78

Inventory Management Management Food Supply 78

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

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. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. 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

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

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. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

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. What happens when something is ordered that then goes to waste? What happens when something is ordered that then goes to waste? Find one that works for . Another Way.

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Inventory Management Management Demo 60

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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Back of House BOH Operations Food Safety 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 . Track food waste .

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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.

Food 78

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. “We can judge our team’s performance on whether they’re actually following the recipe, generating too much waste, and where the waste is coming from.

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Demo Point of Sale Cash Management Waste 148

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! From there, click Add New to add a waste event.

Waste 88

Waste Cash Management Online Ordering Inventory 88

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

JUNE 22, 2021

Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Preventing food waste from happening in the first place is the best thing you can do to save on your food cost. 12 tips to keep your kitchen staff focused on food waste reduction.

Compost 88

Compost Food Waste Front of House 88

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.

Inventory 148

Inventory Food Order Customer Experience Waste 148

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.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

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

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

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.

BOH 78

BOH FOH Point of Sale Back of House 78

Restaurant365

DECEMBER 11, 2020

This way, you can take immediate action on issues like incorrect portions or food waste (explored below). Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. For food waste in particular, tracking the variance can lead you to the root cause of the issue.

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2021 Cash Management Management Management 136

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. Minimizing Food Waste. Schedule a demo of Restaurant365.

Waste 78

Waste Cash Management Point of Sale Inventory 78

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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2024 Technology Customer Experience Sustainability 52

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 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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Menu Operations Point of Sale POS 143

Xtra Chef

SEPTEMBER 20, 2019

xtraCHEF’s Perspective on Food Waste featured in the Restaurant Success Report 2019. Most restaurants have creative ways to reduce waste from repurposing leftover kitchen trim to composting. Enter inventory management. “While you can’t control what a guest might eat or leave behind, you can control your inventory.

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Compost Waste Inventory Audits 60

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

Ordyx

MARCH 28, 2021

Precise Inventory Management Another great way to increase productivity is to have a tight control over inventory levels. Being aware and in control of inventory at all times is a task all restaurants must do. A POS system with good inventory management software will produce data based on historical sales or ingredient usage.

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POS Inventory Point of Sale Email Marketing 52

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. Your theoretical food cost assumes no mistakes, no incorrect portions, and no food waste. Your recipe costing connects your sales to your inventory management.

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Point of Sale Inventory Waste Food Order 78

Restaurant365

JULY 24, 2020

Control Inventory for Your Virtual Kitchen. Managing your restaurant inventory helps you prevent waste, lower your food cost, and increase your bottom line. Inventory management is especially critical when operating a ghost kitchen. Initially, you’ll want to lower stock inventory. Market Your New Channel.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Mad Mobile

FEBRUARY 5, 2024

You’ll see a reduction in food waste as your order accuracy increases, and you’ll have the data to back it up ! 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!

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Ordering Fast Casual Mobile Ordering Fine Dining 52

Restaurant365

JANUARY 7, 2022

Plus, soups are a great way to use leftover meats and vegetables that are close to expiration, reducing food waste (and the profit margins on these items can be huge). Schedule a free demo of Restaurant365 today. Consider limiting dining times.

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Outdoor Seasonal Menu Point of Sale Dine-in 148

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.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

DECEMBER 4, 2020

Understanding this break-even number, which is based on your operating expenses, informs everything from your staffing decisions to adjustments in inventory. This approach has been challenging for restaurants in particular, who have labor and inventory that can be difficult to adjust quickly. Managing rotating inventory.

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2021 Operations Mobile Ordering Social Media 78

Restaurant365

FEBRUARY 25, 2022

If you’d like to leverage recipe costing to track food costs, control food waste, and optimize profit margin, consider an all-in-one restaurant management system. Schedule a free demo of Restaurant365 today. Learning how to cost out new recipes and correctly price them is key to profitability. The post Ready to Spice Things Up?

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2022 Menu Seasonal Menu Pricing 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. And then, it allows you to maintain inventory at reasonable levels. Request a demo of Restaurant365 today.

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2022 Cash Management Point of Sale Inventory 78

Restaurant365

MARCH 25, 2022

Look at your last order, do an inventory to see what you have on hand, then consider your sales forecast to determine where you need to be in the next few days or weeks (whenever your next order is; see below). The key to lowering your food costs is to keep your inventory as low as possible without running out of product.

Food 78

Food Food Truck Food Order Food Supply 78

Cheetah

APRIL 30, 2021

Specifically for food trucks, a commissary kitchen offers a designated parking spot, hookups for electricity, cleaning and sanitation areas, water and propane refills, disposal facilities of greywater, grease, solid waste, recycling facilities and more. Some commissary kitchens even offer incubator programs and demo space.

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Food Truck Food Supply Food License 147