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Five Ways to Use POS Data to Forecast Holiday Demand for Your Restaurant

Modern Restaurant Management

The holiday season is a huge calendar event in the restaurant industry, with bookings booming as guests look to let their hair down and enjoy a festive feast. Utilizing insights from your POS data will help you make informed decisions that predict how demand will look in the lead up to the big day.

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Twenty Years of Change: How Hospitality Tech Evolved and What’s Next

Modern Restaurant Management

POS terminals were clunky, fixed to the counter, and limited to basic transactions. With the right tools, operators can manage staff schedules, streamline kitchen communication, monitor inventory levels, and analyze sales trends all in one place. Twenty years ago, hospitality looked very different.

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Artificial Intelligence’s Impact on the Restaurant Industry

Modern Restaurant Management

Most compare the sales report of the previous year with the current year, but factors such as holidays, international events, weather conditions and location, affecting the sales are variable so this traditional process of sales forecasting can sometimes go wrong. Forecasting for Holidays and Events. Smart Inventory Management.

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Best Practices for Holiday Security in Restaurants and Bars

Goliath Consulting

Keep your POS systems encrypted and updated, install robust firewalls and anti-malware software, and regularly patch vulnerabilities. For special events, consider hiring temporary staff trained in crowd management. Secure Deliveries and Inventory The holiday rush often means more frequent deliveries.

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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins. To calculate your pour cost, you have to know the total cost of your alcohol inventory.

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No Reservations About Putting Restaurants First

Modern Restaurant Management

Now, restaurants across all categories recognize how these features protect their bottom line, especially with ongoing staffing challenges and inventory planning concerns." . "Pre-pandemic, only fine dining establishments typically used tools like prepayments or deposits. Tock's origin story is all about problem solving.

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How POS Data Tracks Seasonal Sales Trends

Lavu

POS systems do more than handle payments they utilize POS data to help restaurants analyze and manage seasonal sales trends. By leveraging POS data, restaurants can adjust inventory, staffing, and marketing strategies to maximize profits during busy periods and minimize waste during slow seasons.

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