Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes to help overcome rising food prices. Integrate restaurant inventory management with your POS system.

Inventory 148

Inventory Pricing Management Management 148

Modern Restaurant Management

FEBRUARY 2, 2024

Meanwhile, restaurants must effectively manage inventory, staff, and customer data. As a result, many establishments struggle with slow service times, inefficient inventory management, and inadequate customer engagement — all of which can lead to decreased satisfaction and lost business.

Operations 189

Operations Front of House Customer Service Kitchen Safety 189

Restaurant365

JANUARY 28, 2020

Inventory forecasting is calculating the precise amount of future inventory and production needs for your restaurant, and it also takes into account historical consumption patterns and the shelf life of finished goods. How to forecast your restaurant inventory. Inventory Projections. Profit expectations.

Inventory 145

Inventory Seasonal Menu Employee Relations Customer Experience 145

Modern Restaurant Management

OCTOBER 6, 2023

IoT devices provide real-time data on critical factors, including equipment performance, energy consumption, and production processes. Consider cold chain management, quality control, inventory management, and/or any other aspect that can be optimized. Leverage smart equipment and sensors. Use reliable technology.

Food Safety 202

Food Safety Operations Management Management 202

Modern Restaurant Management

DECEMBER 22, 2021

Connected Equipment. The latest cloud-based solutions let you and your staff view, track and customize all your smart equipment from one, simple space. Below are some ways connected equipment can help reduce downtime and increase efficiency: Adjusting cook times, modes and more remotely. Product & Inventory Tracking.

2022 244

2022 Equipment Email Marketing Customer Service 244

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

Inventory 78

Inventory Management Management Food 78

The Restaurant Times

JUNE 17, 2021

When opening a new restaurant, bakery, or cafe, one of the first things that pops up in one’s mind is buying kitchen equipment. This is where used kitchen equipment comes into the picture. Labor costs, rental costs, and inventory costs constitute the major part of the investment. Pros Of Buying Used Kitchen Equipment.

Equipment 52

Equipment Recycling Insurance Sourcing 52

7 Shifts

MARCH 11, 2020

Furniture & Equipment Restaurant equipment can set you back between $100,000 and $300,000. Starting food inventory Stocking up on pantry staples and your beginning inventory of perishable foods will set you back at least $1,000. Give your inventory budget a 20% buffer to minimize shock when you overspend.

License 354

License Cash Management Inventory Food Supply 354

Modern Restaurant Management

AUGUST 29, 2022

Leveraging a physical-digital-physical framework ensures that restaurant management is maximizing their digital assets, human labor, and capital equipment investments. A digital sensor detects a temperature reduction inside a freezer due to overfilled inventory. Preempting Equipment Failures.

Operations 190

Operations Food Safety Kitchen Safety Front of House 190

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

Culinary Cues

DECEMBER 17, 2020

There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables. Even the best operators are at a loss for solutions.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

Modern Restaurant Management

FEBRUARY 15, 2024

Deploy Preventative Maintenance Engage with a revered service, to conduct preemptive inspections, averting the peril of equipment failures during critical operational periods. Empire Cooler Service offers a selection of high-grade equipment poised to meet any culinary challenge.

Kitchen Safety 118

Kitchen Safety Equipment Fine Dining Food Safety 118

Modern Restaurant Management

DECEMBER 18, 2023

Fifty-three percent of those respondents said they have reduced their cost of goods sold (COGS) through better inventory tracking of key ingredients. In addition, AI can be used to automate and improve many back-of-house processes such as sales forecasting, purchasing, inventory, scheduling, and accounting.

2024 203

2024 2023 Back of House 2022 203

Restaurant Business

MAY 7, 2024

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

Equipment 101

Equipment Inventory 101

Modern Restaurant Management

FEBRUARY 29, 2024

Hot Palette Holdings uses AI to improve their forecasting, optimize inventory, and reduce waste. Innovative tech tools, like AI, can improve forecasting, inventory management, scheduling, customer service, marketing, and many other essential business tasks. For instance, technology can help restaurants: Optimize operations.

Food Safety 196

Food Safety Kitchen Safety Audits Food Supply 196

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

Management 397

Management Management Kitchen Safety Front of House 397

Modern Restaurant Management

OCTOBER 21, 2022

Businesses in the food service industry are primarily adopting these advanced POS systems to streamline the communication between waitstaff and kitchen staff, inventory tracking, and improving team management. These software are specially designed for QSRs to manage inventory, online ordering, express billing, recipe management and more.

POS 180

POS Marketing Point of Sale Cash Management 180

Modern Restaurant Management

DECEMBER 27, 2023

As such, restaurants are investing in training and development programs to upskill their workforce, ensuring team members are equipped to handle the latest tools and technologies. Beyond the menu, we’re also seeing restaurants embrace smart inventory systems and blockchain technology to monitor and optimize the farm-to-fork narrative.

2024 203

2024 Food Supply Kitchen Safety Influencer 203

Culinary Digital

MAY 6, 2024

Ingredient Cost Control The heart of efficient inventory management lies in simplicity. This simplicity streamlines the entire inventory management process. Inventory managers can maintain a more organized, precise record of stock levels, reorder points, and usage patterns.

Management 52

Management Management Equipment Sustainability 52

Marketman

SEPTEMBER 1, 2019

Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Whether you purchase new or used, be sure they are equipped with automatic door closures. Inventory management: Track inventory with real-time statuses and alerts.

Equipment 66

Equipment Front of House Back of House Food 66

Modern Restaurant Management

JANUARY 26, 2024

When the lights go out, equipment stops running, chefs can’t cook and customers can’t dine. Those elements can include coolers, heaters, cooking equipment, TV, Internet, lights, etc. Quite simply, when restaurants lose electricity, revenues stop.

Equipment 197

Equipment Sourcing Outdoor Waste 197

7 Shifts

AUGUST 20, 2020

They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors? They can also do much more.

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Perfect Daily Grind

MAY 7, 2023

Sourcing and buying green coffee is certainly a big part of this, but efficient inventory management is also paramount. However, with many medium or larger-sized roasters often having anywhere up to a year’s supply of green coffee, how can they manage their inventories as effectively as possible?

Supplies 176

Supplies Management Management Food Safety 176

Modern Restaurant Management

AUGUST 7, 2023

They are equipped with shelves, racks, and compartments, providing a well-organized environment for storing different types of food and beverages. Easy Access and Inventory Management The large doors of walk-in coolers allow for easy access to stored items, making it convenient for staff to retrieve what they need.

Kitchen Safety 167

Kitchen Safety Food Safety Inventory Small Business 167

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

Modern Restaurant Management

SEPTEMBER 7, 2023

Think of commercial ice equipment like your vehicle. Let’s take a closer look at the total cost of ice equipment ownership. Owning ice equipment will also cost you time. Instead of making the most common decision when it comes to your ice equipment, ask yourself what the wisest choice is. Is it your best option?

Equipment 190

Equipment Customer Service Small Business Point of Sale 190

Squirrel Systems

MAY 3, 2024

This involves meticulous inventory management to prevent overordering and minimize waste. From modern POS systems that enhance order accuracy to inventory management software that helps track stock levels in real-time, technology can reduce errors and save time.

Pricing 97

Pricing Loyalty Program Waste Social Media 97

Squirrel Systems

APRIL 22, 2024

Managers can track inventory, monitor sales patterns, and manage staffing anywhere. AI can analyze vast amounts of data from various sources, such as POS, inventory management, and guest feedback, to provide actionable insights. Cloud Point-of-Sale (POS) Systems Cloud POS systems offer significant advantages over traditional systems.

Technology 111

Technology Dietary Restrictions Loyalty Program Download 111

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

Modern Restaurant Management

JANUARY 30, 2023

All this happens when restaurant teams connect their building and kitchen equipment (HVAC, ovens, dishwashers, fryers, refrigerators, freezers, etc.) Automating these procedures can save about an hour of labor per day while improving the customer experience and equipment uptime, protecting inventory and more.

Technology 190

Technology Fast Casual Waste 2023 190

Modern Restaurant Management

NOVEMBER 30, 2023

Streamlining Inventory and Menu Studies show that restaurants waste an average of four percent to 10 percent of all the inventory they purchase. Equip staff with this knowledge to suggest complementary items. Here's how restaurateurs can maximize the benefits of their POS data.

POS 130

POS Operations Loyalty Program Seasonal Menu 130

Hot Schedules

OCTOBER 23, 2019

You’d be hard-pressed to find a restaurant manager who actually likes taking inventory. But good managers know the importance of a good restaurant inventory management process. And yet, many restaurants still use spreadsheets to count their inventory. You can make inventory easier for your managers. It’s complicated.

Inventory 60

Inventory Management Management Consumer Goods 60

Modern Restaurant Management

JANUARY 31, 2024

Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?

2024 204

2024 Online Ordering Website Management 2023 204

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

Modern Restaurant Management

APRIL 5, 2022

The reasons for the accelerated growth of this idea, the contribution of POS to these kitchens, the display systems to make the operations easier, and the automated operations used in the inventory as well in the kitchen for easy food management- are some of the ideas that will be discussed in the following paragraphs.

Online Ordering 197

Online Ordering Point of Sale Website Management Inventory 197

The Restaurant Times

AUGUST 10, 2020

Restaurant inventory is readily prone to contamination, theft, and pilferage which adds to the overall costs. Therefore, it is essential to keep a keen eye on the inventory to ensure that there is no wastage or unnecessary expenses. Mentioned below are some vital inventory s that must be looked for. . Perpetual Inventory Form.

Inventory 52

Inventory Operations Waste Uniforms 52

7 Shifts

AUGUST 20, 2021

The costs themselves can take the form of food, liquor or kitchen equipment, and are generally a one-time purchase. Equipment and supplies. Use a procurement management app like Bluecart to keep track of food costs, monitor supply levels, and save time managing inventory. Track inventory and food costs. POS systems.

Inventory 195

Inventory Food Supply Seasonal Menu Food Order 195