Restaurant365

OCTOBER 29, 2021

During the COVID-19 pandemic, restaurants implemented new safety measures designed to encourage social distancing and limit points of contact. To support this effort, your point of sale (POS) system, your payment methods, and your restaurant accounting system should all be fully integrated.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

Modern Restaurant Management

DECEMBER 10, 2021

While your restaurant may feature a diverse menu, delicious food, a great ambiance, and excellent customer service, you will still struggle to build a customer base without promoting it. Your restaurant’s main selling point is the food. Others tend to emphasize their cheaper menu options. Create a Conversation Trigger.

Marketing 226

Marketing SEO Front of House Website Management 226

Restaurant365

NOVEMBER 20, 2020

Can I afford to put this item on the menu? The time savings have been especially impactful in areas like menu planning, said Mr. Steinbach. After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. Background. ” he listed.

Demo 148

Demo Point of Sale Cash Management Waste 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

SEPTEMBER 10, 2021

The data from inventory management can help you place more accurate orders, calculate exact food costs, make informed menu changes, and address potential sources of food waste. Your inventory system can automatically pull sales information to track theoretical inventory. As a store-level manager, you always have a lot on your plate.

Inventory 138

Inventory Management Management Point of Sale 138

Apicbase

MAY 8, 2024

MarketMan tracks ingredient prices to help optimise menu prices. Recipe costing: The system calculates the theoretical cost of producing a menu item. It generates reports on profitability so you can refine your menus to improve margins. You can track spending over time and receive alerts on price changes.

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. A POS system is excellent at collecting sales and labor data. That’s great.

Inventory 78

Inventory Management Management Food 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. Cost out your menu items and recipes.

2021 136

2021 Cash Management Management Management 136

Lavu

NOVEMBER 18, 2022

Sample Menu: Put together a listing of the food and drink options you want to offer at your pizzeria. Sample Menu: Put together a listing of the food and drink options you want to offer at your pizzeria. For tips on creating your menu, download Lavu’s free guide: How to Create a Successful Restaurant Menu.

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Restaurant365

JULY 21, 2021

If your point of sale (POS) system is integrated with your inventory management software, you can use your sales information to automatically track theoretical inventory. End-to-end inventory management can automate multiple steps, like uploading invoices, tracking recipes, and auto-updating item prices.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

OCTOBER 16, 2019

For instance, your point-of-sale (POS) system may be able to automatically track theoretical inventory based on sales (in product or dollars). When most restaurant owners think about how to manage restaurant inventory, they think of food cost control. The nuts and bolts of restaurant inventory management.

Inventory 113

Inventory Management Management POS 113

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. One cause for rising CoGS might be because your suppliers have increased prices on your ingredients.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 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

Mad Mobile

MARCH 1, 2024

In a study by the Wharton School , researchers found that using tabletop technology can improve sales by 9.74% and productivity by 10.77%. High-quality menu imagery per dish In the age of digital dining, restaurant tablets offer a tantalizing upgrade to traditional menus with their ability to showcase high-quality imagery for each dish.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales. Best and worst performing region, segment and cuisine is based on same-store sales growth. Same-Store Sales Growth Lowest Since February 2021. Traffic growth was -4.8%

Fast Casual 78

Fast Casual Point of Sale 2022 Fine Dining 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. It helps you make data-driven decisions about your menu, and ensure you are taking every opportunity to maximize your profits.

Food 78

Food Inventory Point of Sale Waste 78

Apicbase

NOVEMBER 14, 2022

And that will help you add sales on the front end… and cut costs in the back-of-house. They’re divided into four categories: Inventory & purchasing insights Restaurant sales insights Menu & menu engineering Employee & labour insights. 2 Keep tabs on item price evolution to safeguard menu profitability.

Point of Sale 52

Point of Sale Tip Distribution Front of House Waste 52

Apicbase

MARCH 28, 2024

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. These include food production and inventory management.

Back of House 52

Back of House FOH BOH Front of House 52

Restaurant365

JUNE 15, 2021

Your restaurant is constantly generating data, whether from your sales revenue, food costs, or labor hours. Your Cost of Goods Sold tracks how much it costs to make each menu item. The data is always there—but it’s up to you as an owner or operator to use it. Want to know more about FOH data? Read Part 1 here ).

BOH 78

BOH FOH Point of Sale Back of House 78

Xtra Chef

APRIL 27, 2020

Just enter your daily sales and payroll for a quick look at how your team is performing against expectations before it’s too late to make a change. Customers who use Toast as their POS provider can sync daily sales data into this report with our integration. Operating Summary Report Gives Easier Insight into Daily Performance.

Point of Sale 88

Point of Sale Back of House Demo Pricing 88

Restaurant365

JUNE 4, 2021

Essentially, improving your restaurant profit margin relies on two things: your sales volume and your expenses. You can achieve a better sales margin by increasing sales revenue and decreasing expenses. ” Here are ten ways to drive long-term restaurant profitability, through increasing sales and decreasing expenses.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

Xtra Chef

NOVEMBER 11, 2020

Opportunity 1: Special menus. Offer special holiday menus to give individuals, couples, families, and friends the comfort foods they crave this time of year. Offer special holiday menus to give individuals, couples, families, and friends the comfort foods they crave this time of year. Consideration 1: COVID-19.

Hospitality 155

Hospitality Seasonal Menu Front of House Social Media 155

Restaurant365

SEPTEMBER 3, 2021

For example, sales forecasts can inform smart schedules that make the most out of available labor hours. While managers may always need to make some adjustments if sales fluctuate, a strategically written schedule can minimize disruptive changes for your staff. Does your restaurant group have a profitability strategist? Reducing CoGS.

Waste 78

Waste Cash Management Point of Sale Inventory 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

Black Box Intelligence

SEPTEMBER 13, 2021

Understanding key restaurant calculations will help you assess your performance and plan your menu, labor needs, operating hours and marketing campaigns. Comparable Restaurant Sales. Comparable sales data tells you how much your restaurant sales changed year over year. Comparable Restaurant Foot traffic.

Guest Recovery 80

Guest Recovery Point of Sale 2021 Fast Casual 80

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

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. Beyond that, they can adjust pricing throughout the day, store recipes for your staff, and let you know who’s pouring heavy. Choosing the right one, though, is a piece of cake!

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

NOVEMBER 6, 2020

Your restaurant may have expanded takeout, online food delivery, or curbside pickup to increase your sales and adapt to the new reality. Here, we go over how to start examining the impact of your off-premise sales on your restaurant’s financial health. Rank these service types from highest to lowest sales within a selected time period.

Dine-in 113

Dine-in Delivery Ordering Point of Sale 113

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

DECEMBER 4, 2020

Some restaurants were forced to pivot quickly to off-premise channels to deal with local business restrictions, changing menus toward a delivery focus. Other restaurants had to shift operations to a limited-capacity model, adjusting labor and food costs to match new sales levels. Generating enough revenue to break even.

2021 78

2021 Operations Mobile Ordering Social Media 78

Mad Mobile

FEBRUARY 26, 2024

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. Are you keeping a close eye on your beer, wine, & liquor inventory costs?

Inventory 40

Inventory Bar Management Management 40

Restaurant365

FEBRUARY 8, 2022

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

2022 78

2022 Cash Management Point of Sale Inventory 78

Restaurant365

OCTOBER 4, 2019

Most restaurateurs can answer the question, “what is a point of sale (POS) system?” The integrated platform automatically inputs daily sales and labor accrual data entries into the accounting general ledger (GL). Daily sales summary. Why POS integration is a vital part of restaurant accounting software.

POS 60

POS Point of Sale Cash Management Information 60

Restaurant365

JUNE 9, 2021

After all, it’s hard to improve a metric if you don’t know your starting point. This data point is known by many different names: price per guest, price per cover, guest average, or check average. You can use data to improve restaurant operations, both in your front of house (FOH) and back of house (BOH).

FOH 78

FOH BOH Front of House Back of House 78

Xtra Chef

JULY 22, 2020

To begin with the basics, a General Ledger is used as the source of truth for all points of accounting. In restaurants or restaurant groups, the General Ledger would include things like vendor purchases, labor expenses, and daily sales. It tracks every transaction made during the lifespan of a company. Spending insights!

Point of Sale 78

Point of Sale Audits Food Order Demo 78

Apicbase

AUGUST 5, 2022

At first glance, they look equally good: the food is excellent, the staff friendly, the price right and everything well organised. How to sharpen your restaurant marketing strategy How to make your restaurant marketing plan How to develop massively popular menus 3 extra restaurant marketing tips [that will give you peace of mind].

Marketing 97

Marketing Operations Social Media Email Marketing 97

Black Box Intelligence

JULY 14, 2022

This tool searches reviews for mentions of certain things, and can be customized to monitor mentions of certain words, like particular restaurant features and menu items. Because of this decrease in customers, restaurants have had to raise their prices so they meet their margins. Decrease in Restaurant Customer Satisfaction.

Consumer Goods 75

Consumer Goods Food Supply Customer Service Point of Sale 75