Restaurant365

MARCH 23, 2022

Accounting for potential areas of inventory loss such as wait staff errors, kitchen waste, or incorrect preparation can be time consuming, but necessary. Use inventory tracking to reduce waste. Tracking each menu items’ recipe cost can help you optimize food usage and reduce food waste over time. Price menu items properly.

Food 78

Food Waste Inventory Food Order 78

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.

2022 148

2022 Menu Seasonal Menu Pricing 148

Mad Mobile

FEBRUARY 26, 2024

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. Loss, waste, inconsistency — without careful management of bar inventory, you’re quickly losing a decent chunk of money. Uniform processes reduce errors.

Inventory 40

Inventory Bar Management Management 40

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. In addition, POS integration can automate steps like uploading invoices, auto-updating ingredient prices, and tracking recipes.

Inventory 138

Inventory Management Management Point of Sale 138

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.

Inventory 148

Inventory Food Order Customer Experience Waste 148

Web Diner

AUGUST 19, 2020

Then, you look at agency prices, where websites are valued at around $5,000 or $10,000. We offer competitive pricing (even when compared to these DIY Website Builders!) that doesn’t come close to agency prices. It not only seems overwhelming. Sometimes, it’s impossible to be able to invest that much on a website.

Waste 69

Waste Website Management Social Media Demo 69

Restaurant365

AUGUST 19, 2021

Every time your restaurant buys, counts, transfers, or wastes inventory, it must be entered as a journal entry in your accounting general ledger. If your inventory goes to waste, or it spoils before it is sold, it is an expense that directly impacts your bottom line. Schedule a free demo of Restaurant365 today.

Inventory 147

Inventory Management Management Employee Relations 147

Restaurant365

JULY 21, 2021

How do you keep track of all these different shipments and ingredients to minimize food waste, ensure you are prepared for service, and optimize what you’re spending on your ingredients? This means that for restaurant owners and operators, the budget you have invested in product can quickly go to waste if inventory control isn’t top of mind.

Inventory 78

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 Price Analysis.

Menu 143

Menu Operations Point of Sale POS 143

Restaurant365

MAY 17, 2022

It empowers your restaurant group to manage inventory end to end, automating multiple steps such as tracking recipes, uploading invoices, and auto-updating item prices. Restaurant inventory management software can help you track your inventory to identify and minimize food waste, and it can also help you keep tabs on vendor pricing changes.

Inventory 78

Inventory Management Management Food 78

Restaurant365

SEPTEMBER 3, 2021

The difference between the two represents food that is being wasted due to errors, spoilage, or improper usage. Minimizing Food Waste. In addition to examining inventory and purchasing processes, a profitability strategist can also develop strategies for mitigating food waste. Implementing New Pricing.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Accurate restaurant inventory management is the key to reducing food waste, and inventory is informed by your restaurant data. You must also count your inventory by hand, accounting for what is lost in spoilage or waste.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Restaurant365

AUGUST 4, 2020

When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. If it’s not on your shelf, it can’t be stolen, spoiled or wasted. The key to minimizing food waste that can eat into your profits is effective restaurant inventory management.

Inventory 78

Inventory Management Management Cash Management 78

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Restaurant365

DECEMBER 11, 2020

This way, you can take immediate action on issues like incorrect portions or food waste (explored below). 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.

2021 136

2021 Cash Management Management Management 136

Restaurant365

DECEMBER 16, 2021

Because your vendor pricing has an enormous impact on your overall food cost, consider keeping close tabs on vendor pricing by running receiving reports every two to three days. AvT analysis after your inventory counts can help you pinpoint where you can add efficiencies and reduce waste within your food cost. Labor reports.

Operations 78

Operations Point of Sale Employee Relations Waste 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. The variance between these two numbers is food waste, breakage and theft. Price your menu with food cost percentage in mind.

Food 78

Food Inventory Point of Sale Waste 78

Xtra Chef

DECEMBER 2, 2020

Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits. This process doesn’t even take fluctuating ingredient prices into account.

Inventory 91

Inventory Management Management Cash Management 91

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.

Management 91

Management Management Food Inventory 91

Restaurant365

NOVEMBER 19, 2020

You may need to examine recipes, your team’s prep efficiency, your vendor list, or menu item price. Actually having numbers mapped to inventory use gives you the opportunity to examine the “why” behind your food cost variance (shrinkage, waste, breakage of contract prices, etc). Track food waste.

Food 78

Food Point of Sale Inventory Waste 78

Restaurant365

JANUARY 27, 2022

QR code menus enable you to easily adjust pricing, change menu items, or add and remove dishes across multiple locations. The ease of making changes to a QR code menu allows you to reduce food waste by adding specials to quickly sell inventory that’s approaching its expiration date. Schedule a free demo of Restaurant365 today.

Mobile Ordering 148

Mobile Ordering Social Media Customer Experience Online Ordering 148

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. Consistently tracking prices and auditing vendors is an easy way to manage prime costs in a tricky labor market. Running a restaurant isn’t easy.

Compost 60

Compost Waste Inventory Audits 60

Restaurant365

JANUARY 13, 2021

Your vendor prices have a large impact on your CoGS. By keeping a regular eye on your supplier ingredient prices, you can proactively keep supply costs low. Regularly examining vendor prices allows you to spot pricing errors and stay ahead of any pricing trends. Evaluate Suppliers and Supply Costs Regularly.

Management 78

Management Management Point of Sale Waste 78

Restaurant365

OCTOBER 16, 2019

When tightly integrated with both the accounting system and POS system, inventory tracking is a more useful, accurate tool that can be used to lower cost of goods sold (CoGS), minimize food waste, and better allocate ingredients. By purchasing food, beverage, and supply orders at the right level, you reduce waste and save on food costs.

Inventory 113

Inventory Management Management POS 113

Web Diner

AUGUST 19, 2020

Then, you look at agency prices, where websites are valued at around $5,000 or $10,000. We offer competitive pricing (even when compared to these DIY Website Builders!) that doesn’t come close to agency prices. It not only seems overwhelming. Sometimes, it’s impossible to be able to invest that much on a website.

Waste 36

Waste Website Management Social Media Demo 36

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.

Supplies 78

Supplies Management Management Allergens 78

Restaurant365

OCTOBER 29, 2021

By comparing your theoretical food cost (what you should have spent to prepare menu items) to your actual food cost (what you spent, accounting for errors and waste), you can track the variance in costs. With this information in hand, you can make decisions about pricing or promotions that don’t negatively impact customer satisfaction.

Customer Experience 158

Customer Experience Technology Mobile Ordering Inventory 158

Restaurant365

JULY 9, 2020

Knowing these essential metrics enables you to make more informed supply orders, and tight inventory control helps you reduce food waste, adding to your bottom line. item name, description, unit of measure, count number, unit price and total, and category total. Include separate sections for each category (e.g.,

Inventory 78

Inventory Management Management Food Supply 78

Xtra Chef

OCTOBER 28, 2020

Having too much cash tied up in inventory can lead to negative cash flow and food waste if ingredients aren’t used before their expiration date. The software can track inventory levels and cost of goods sold (COGS) in real time and prevent common errors caused by manual data input, new vendors or items, or outdated pricing.

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. The better and more streamlined your inventory control , the less food waste in your kitchen and the more money added to your bottom line.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

FEBRUARY 14, 2022

“Rather than just recording what has happened in the past, Restaurant365 provides tools to better manage business, labor, food cost tracking, waste, ingredient pricing and more. Schedule a free demo of Restaurant365 today. We also love the fact you can go back in time and fix mistakes. Want to join our list of happy customers?

Back of House 78

Back of House Customer Service Demo Franchise 78

Restaurant365

MAY 27, 2021

Your theoretical food cost assumes no mistakes, no incorrect portions, and no food waste. The difference between your AvT food cost shows your lost profit, representing inventory costs that were wasted. Start optimizing your restaurant food costs by reviewing the variance and addressing the root causes of food waste. Conclusion.

Point of Sale 78

Point of Sale Inventory Waste Food Order 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. The variance between the two represents lost profit because of wasted inventory or mistakes, and it gives you a starting point for addressing the root causes of food cost inefficiencies. Another bonus?

BOH 78

BOH FOH Point of Sale Back of House 78

Restaurant365

SEPTEMBER 24, 2020

Additionally, she was wasting time on bank reconciliation, spending between seven and 35 hours per month on the task each month for the seven locations. Castillo, the report helped the restaurant group significantly reduce food waste. For ribeye, we found that it was such a high waste item that it wasn’t very profitable.

Hospitality 60

Hospitality Point of Sale Food Demo 60

Mad Mobile

JANUARY 30, 2024

It can also help restaurants save on food costs and waste. Improved server knowledge A tablet provides everything your server needs to know about menu modifications , automating pricing, payments, and inventory. Learn more about tableside ordering and schedule a demo today!

Ordering 40

Ordering Mobile Ordering Customer Service Customer Experience 40

Apicbase

NOVEMBER 14, 2022

1 Track actual stock numbers to minimise waste & unlock capital. Tracking actual stock numbers (keeping stock variance close to zero) helps you identify and eliminate waste generators, such as overstocking, poor storage practices, overplating, pilferage, and similar. Use this dashboard as a menu profitability pulse-check.

Point of Sale 52

Point of Sale Tip Distribution Front of House Waste 52

Apicbase

MARCH 28, 2024

Real-time costing – keep your ingredient costs accurate and up-to-date with live price updates. User-Friendly – Kitchen Management Software Your Teams Are Happy To Use Every Day You could have the most advanced, smart system in the world, but if your teams don’t like using it day-in, day-out, they won’t, and it is a waste of money and time.

Management 52

Management Management Point of Sale Kitchen Safety 52