7 Shifts

JUNE 4, 2021

Inventory turnover ratio. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. To calculate your COGs, you need the following numbers: Beginning Inventory, or the value of the inventory you start with. Ending inventory , or what you have leftover.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

Lavu

FEBRUARY 14, 2024

A state-of-the-art restaurant POS System, specifically tailored for bars and restaurants, streamlines transactions, inventory management, and customer service, ensuring that business owners can focus on what they do best—serving their patrons. That’s why inventory management is one of the most important features of a good bar POS system.

POS 164

POS Bar Point of Sale Front of House 164

7 Shifts

OCTOBER 31, 2022

Download now. Here is also a good time to discuss processes you plan to adhere to in the back of the house, such as food cost control methods and who your inventory suppliers are. Inventory management systems. Download now. At the end of the day, the main goal is to convince a lender or investor to give you money.

Point of Sale 397

Point of Sale Back of House Document Download 397

Restaurant Technology Guys

MARCH 19, 2023

Carl helps restaurant chains and dark kitchens to automate time-consuming back-of-house operations such as inventory & procurement in order to make them more profitable. Join Jeremy and Carl Jacobs, the CEO of Apicbase, where they talk back-of-house and why this is critical for a restaurant’s bottom line.

Back of House 104

Back of House Technology Download Inventory 104

The Restaurant Expert

MARCH 12, 2019

Restaurant inventory software is a fast and efficient way to get a better handle on your restaurant inventory processes. If you’ve tried using the inventory module in your POS system and ended up with nothing more than a countdown of what you have sold, then you know the frustration of overpromising. Download it here.

Inventory 52

Inventory Download Food Order Pricing 52

7 Shifts

SEPTEMBER 15, 2020

One minute you’re planning shifts, then checking inventory, then making drinks and bussing tables—and before you know it, your shift is almost over and you haven’t even started your core management tasks. There, you can download all our templates for free. Download it for free now. Restaurant managers do it all.

Management 195

Management Management Download Leadership 195

7 Shifts

MARCH 10, 2021

This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in. POS systems offer more accurate sales reporting and shorter transaction times.

Management 370

Management Management Small Business Email Marketing 370

Hot Schedules

OCTOBER 28, 2019

As you work to increase your profitability, two areas to explore are recipe and menu engineering, and purchasing and inventory optimization. Download a copy of our complimentary white paper, Leveraging Technology to Offset Rising Labor Costs. Optimized Purchasing and Inventory. Menu Engineering. But where do you start?

Inventory 60

Inventory Menu White Paper Allergens 60

Modern Restaurant Management

MAY 31, 2022

ERP systems streamline and automate inventory management, provide real-time low-stock notifications, allow users to download critical data, and improve overall visibility into the business. While it's common for retailers to leverage an enterprise resource planning (ERP) system, it could also benefit restaurants.

Point of Sale 180

Point of Sale POS Download Loyalty Program 180

7 Shifts

SEPTEMBER 16, 2021

There'll be new branding, a new staff, different inventory, and updated forecasting involved. Recommended Download: Free Restaurant Employee Training Manual Template. You can reference and compare the key metrics from all of these locations like total revenue, profit margin, inventory variance, etc. Supplier Sourcing.

Management 370

Management Management Document Hiring 370

Modern Restaurant Management

AUGUST 24, 2021

What is the lifetime value of an app-downloading customer over a non-app customer, and does that incremental value outweigh the cost of getting the customer to download the app in the first place? Finally, they should understand inventories of their highest and lowest margin items and produce incentives accordingly.

Marketing 204

Marketing Social Media Download Loyalty Program 204

Cheetah

JUNE 21, 2021

Since then, he’s been educating restaurants on how to deal with their most pressing inventory issues and showing customers how to use Cheetah’s extensive inventory, alternative vendors and creative inventory ideas to improve their business. . Chef Nate joined Cheetah in 2019 as part of our Procurement Team.

Food Supply 147

Food Supply Supplies Food Transportation 147

Focus POS

MAY 28, 2020

Download Now: Pandemic Preparedness Guide for Restaurants. The two biggest cost centers for restaurants are labor and inventory. . To reduce inventory waste and streamline your inventory management, ask yourself these questions: . How can you make the most of your existing inventory? inventory ?

Online Ordering 129

Online Ordering Inventory Cash Management Download 129

7 Shifts

JULY 21, 2020

Download a copy of the PPP borrower application form and submit it to your desired lender. Whether your restaurant needs to finance payroll, inventory, or a new electric skillet, these loans can make it happen in a jiffy. SBA 7(a) Loan SBA 7(a) loans are one of the best financing options for small businesses.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Tableo

JULY 27, 2023

Understanding F&B control Inventory management, cost control, menu engineering and portion control are just a few of the components of restaurant management that go under the umbrella of F&B control. Review and modify par levels frequently to avoid stockouts or surplus inventory. So let’s dive in! New to Tableo?

Beverage 75

Beverage Food Inventory Waste 75

Focus POS

JANUARY 15, 2020

Tighter inventory control. Inventory Tracking. Aside from your labor, your inventory is one of your largest expenses. Improving your inventory tracking can equate to major cost savings. Use this to determine shrinkage by comparing what your expected inventory value should be with what your actual inventory counts are.

POS 151

POS Front of House Loyalty Program Inventory 151

Cheetah

MAY 25, 2021

With JIT, restaurants now have access to an extended inventory of hundreds of high-quality items: fresh-cut produce, trimmed, rinsed, cut, and otherwise processed, saving businesses hours in labor costs. Payroll and inventory are the two things that make up any restaurant’s prime cost and can easily total 60% or more of the business expenses.

Kitchen Safety 148

Kitchen Safety Food Safety Food Supply Inventory 148

Lavu

NOVEMBER 10, 2022

Related: Kitchen Display Systems: How Your Restaurant Can Benefit #3) Inventory Management System Tracking inventory at your restaurant can be tedious. But, you can automate inventory monitoring too. With a restaurant inventory management system, you can automatically deduct stock as inventory is used.

Employee Relations 78

Employee Relations Fast Casual Inventory Point of Sale 78

Restaurant365

JUNE 9, 2021

The guide includes a finance terms cheat sheet, how to analyze a P&L, how to use sales and labor forecasting as a “crystal ball,” and how to properly order inventory. Download the free guide for store-level managers today. Comments This field is for validation purposes and should be left unchanged.

Management 78

Management Management Download Inventory 78

Lavu

NOVEMBER 18, 2022

For tips on creating your menu, download Lavu’s free guide: How to Create a Successful Restaurant Menu. A few essentials include a pizza point-of-sale (POS) system , online ordering platform, invoice management software , and inventory management system. What type of pizzas will you serve? Will you offer options outside of pizza?

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Sling

JUNE 8, 2022

Here you can download a copy of our free weekly schedule template, and learn the best ways to use it. You probably don’t sign contracts with new suppliers, rewrite your payroll policy, or scrap your inventory system every week. Download the free weekly schedule template. Download it, and make it yours. And before’s….

Download 78

Download Inventory Take-out Management 78

Cheetah

MAY 11, 2021

Once you have a grasp on your establishment’s total allowed capacity, give some thought to the following: Inventory stock Back of house staff Social distancing and a better dining experience These 3 key pillars can make the difference between a streamlined restaurant reopening and a stalled one. Stock Up on Inventory.

Back of House 148

Back of House Front of House Food Supply Coaching 148

Focus POS

AUGUST 26, 2020

Your inventory is your largest asset. Keep track of every single dollar you spend on your inventory, and make sure you always know how much of each product is on hand at all times. Make sure your POS tracks your inventory in real time, so that you can stay informed of discrepancies within your inventory counts. .

Management 128

Management Management Bar Inventory 128

Hot Schedules

DECEMBER 6, 2019

Inventory Management and Prep Planning. Managed prep planning” is the science of purchasing the right inventory and managing kitchen production using analysis and calculation. It helps avoid the trap of buying in bulk to get a discount, only to end up with inventory that goes bad before it can be used. DOWNLOAD THE WHITE PAPER.

White Paper 109

White Paper Inventory Employee Relations Download 109

Modern Restaurant Management

FEBRUARY 3, 2022

Additional findings inlcude increased inventory costs caused the greatest financial strain for operators in 2021 with 33 percent citing it as their top expense, followed closely by rent (30 percent) and labor (30 percent). For a free download of the report, click here.

Loyalty Program 168

Loyalty Program Online Ordering Cash Management Point of Sale 168

Restaurant365

MAY 26, 2020

To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS. As you reopen your dining room, it is more important than ever to stay on top of your inventory management. Dial in your Cost of Goods Sold.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

7 Shifts

APRIL 3, 2020

Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today. Pro tip: Look at implementing an inventory tracking system like Xtra Chef —it might be a new cost, but it will pay for itself in better food costing.

BOH 368

BOH POS Influencer Point of Sale 368

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

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.

Cash Management 78

Cash Management Management Management Point of Sale 78

Tableo

JULY 14, 2023

Improve inventory control Managing inventories well is crucial for decreasing food waste. Optimise your inventory procedures to help you reduce overstocking, spoilage and unnecessary waste. Create a solid rapport with your suppliers to guarantee precise deliveries and reduce unnecessary inventory. New to Tableo?

Waste 52

Waste Sustainability Food Audits 52

Apicbase

MARCH 28, 2024

The F&B director works with the order forms, the COO analyses the profit and loss statements, the inventory manager checks the stock counts, the executive chef works in the recipes database and so on. All come with their own data sets and metrics – food cost, inventory variance, sales numbers, the list goes on.

Management 52

Management Management Point of Sale Kitchen Safety 52

Bingage

APRIL 14, 2021

Whether you need to keep track or manage stock, orders, inventory, restaurant billing, you need a Point of sale system. Chefs :- To keep track of inventory, etc. It provides tools like- customer feedback, inventory management with various recipes, etc. Wide Range- CRM, Inventory management, billing, etc.

POS 97

POS Loyalty Program Online Ordering Point of Sale 97

Cheetah

OCTOBER 3, 2020

These include being familiar with health guidelines issued by the CDC, reevaluating the value of labor, integrating new technologies and rethinking inventory. The value of labor Social distancing Hygiene and sanitation Technology solutions Optimizing your inventory. Optimizing Your Inventory.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

The Restaurant Group

MAY 3, 2021

It also makes it easier to track food delivery timelines and get alerts when a specific inventory item is almost out of stock. QR Codes and Automated Inventory Management. the best thing about QR code technology is that you don’t need to download (any) app. This tech initiative can improve workflows and communication.

2021 78

2021 Kitchen Safety Online Ordering Food Safety 78

Modern Restaurant Management

JUNE 23, 2022

Customers notice the difference between a spotless QSR with a clean dining area and fully-stocked inventory, and these details may move the needle to encourage a first-time customer to become a repeat customer. “running low on bread”) and even COVID-19 safety checks.

Food 181

Food Food Safety Front of House Fast Casual 181

Tableo

JUNE 28, 2023

Update your inventory frequently to account for variations in stock levels. Regularly conduct inventory audits Performing regular inventory audits ensures accuracy in calculating food costs. Here’s what you can do: Physically count your inventory to confirm stock levels. New to Tableo?

Audits 40

Audits Inventory Reference Download 40

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Step 2: Streamline Accounts Payable.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138