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Around 33 to 40 percent of food goes to waste each year. A large chunk of that comes down to complex problems in global foodsupply chain management that most restaurants have little control over. What restaurants can do, however, is re-think how their direct foodsupply is managed – from transport to inventory control.
Better food safety has never been more in reach, thanks to advancements in traceability standards and technology. FDA’s Food Safety Modernization Act (FSMA) Rule 204 approaching, restaurant operators stand to gain improved confidence in the safety and quality of the food they serve.
In 2025 and beyond, restaurant executives should be on the lookout for increasing point-of-sale (POS) systems attacks, AI-powered social engineering tactics, and greater supply chain cyber vulnerabilities. But this isn’t the only way hackers can take advantage of the supply chain to target restaurants.
coli outbreak reinforces the need for restaurants – and all food businesses – to manage recalls as a supply chain, especially considering the huge scale of this event. Handle Recalls as a Supply Chain For any food brand, consumer protection is the most important part of recall management. While the E.
Steady Online Ordering Brings Food Waste, Donations to the Forefront of Priorities Ordering food online increases restaurant sales, but it also can potentially increase wasted food if proactive measures aren’t taken – for both the business and consumers at home.
” “The volatile policy environment and the supply-chain effect is causing the entire food-away-from-home ecosystem to determine the impact on their financials. .” A significant loss of undocumented labor could force both the cost of labor and food for restaurants considerably higher.
Every restaurant owner should know their food cost percentage—it’s one of the clearest indicators of whether your restaurant is running effectively or if you’re missing opportunities to optimize your business. Food cost percentage is the percentage of your total food sales that goes toward the cost of the ingredients used to make your dishes.
There is an opportunity for restaurants that can modernize in a way that meets the needs of the diner while simultaneously overcoming food, labor, and technological challenges to run more predictable and profitable businesses. It certainly isn’t an easy proposition – but a holistic approach to restaurant modernization is critical.
With cloud-based software and platforms like Microsoft Teams, restaurants can standardize processes across multiple locations and speed up supply management. Real-Time Data Sharing: Multiple teams can get the latest information when data is shared in real-time. Inventory management software: Tracks stock in real-time.
Every day, youre juggling staff, food quality, inventory, customer service, purchasing, and moreall while trying to cultivate a dining experience that wows your customers enough to keep them coming back. Customer Service and Experience Great food and drink is only truly enjoyed when its coupled with a great service experience.
Real-time inventory systems help restaurants cut food waste , save money, and improve operations. Here’s how: Track Stock in Real-Time : Monitor inventory levels instantly to avoid overstocking or understocking. Reduce Spoilage : Get alerts for expiring items and use the FIFO method to manage perishable goods.
After all, it’s not just the quality of your food that can keep customers coming back — 73% of diners base their satisfaction on the quality of service they receive. How do you handle unexpected challenges, such as equipment failure or supply shortages? How do you ensure compliance with food safety and hygiene regulations?
By Indiana Lee, Contributor Guests want to know where their food comes from, how it was raised, and whether it aligns with their values. This shift is driven by growing environmental awareness, social media scrutiny, and increased access to digital information. Advancing technologies are foundational to supply chain transparency.
They help with reservations and table management, staff scheduling and time management, inventory tracking, rewards programs, automated marketing, and more. Many platforms also include built-in messaging features, making it easier for teams to communicate, trade shifts, and stay informed about important updates.
Managing food costs is a growing challenge for restaurants as ingredient prices fluctuate and margins shrink. Real-Time Inventory Tracking offers a powerful solution by giving operators instant visibility into whats in stock, whats being used, and what needs to be reordered.
Do you lose money due to food waste? An inventory management system with automated restocking alerts keeps your stock levels in check. Real-Time Data & Analytics : Track sales trends, top-selling menu items, and peak business hours to make informed decisions. The best tech investments solve real problems.
Cloud-Based Inventory Management Inventory is one of a restaurant's most crucial assets , and ensuring a smooth transfer from one location to another can be daunting. Cloud-based inventory management systems help streamline this process by allowing restaurant owners to track and update their inventory in real time.
“I think knowing the information when you’re going into it would be wonderful,” he says. The report found operators are spending an average of 34 percent more on food costs compared to last year. Look for net-30 accounts with food, beverage, packaging and/or equipment vendors.
Strong demand from the EU and US markets has driven this growth, despite persistent logistical bottlenecks and global supply shortages. Rollout is scheduled to begin this summer, aiming to enhance the customer experience and increase food-to-go sales by year-end.
Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. You probably joined the industry to make delicious food to serve and create a great environment for your patrons. It includes all the cost incurred on food and beverage, payroll, taxes, and benefits).
These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Inventory Reports : Monitor stock levels, usage patterns, and waste to control costs and prevent overstocking or shortages. Over time, these insights can inform decisions about staffing, inventory, and menu tweaks.
Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Ive tossed meals into inventory totals and shaved taxes that way. Keep it separate or bundled with food costs. Keep it reasonable.
The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. The restaurant industry’s rapid pace demands agility, and that agility stems directly from timely, accurate financial information. These reports are the foundation for informed decision-making.
How do you handle special dietary requests or food allergies? Use this interview question to explore the candidate’s familiarity with food service operations. Aside from providing the best dining experience, order-taking accuracy can help you avoid food waste and unnecessary costs. What restaurant tools have you used?
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. As they grapple with rising costs across their supply chain, 71 percent of restaurants plan to increase prices this year.
Running a successful restaurant in 2025 means more than just great food—it requires smart financial decisions. Use these Calculations to Maximize Cost Reduction The food cost percentage is the number one calculation that restaurants can use today to maximize their cost reduction. Food cost control is crucial.
In recent years, the food service industry has undergone a rapid transformation of automation and increased technology usage. Fast Food and QSR Value The United States Fast Food & Quick Service Restaurant Market size was valued at US$ 248.8 Growing menu innovation and healthy fast food further drive the growth of the market.
Whether you run a quick-service café or a full-service restaurant, switching to an iPad POS system in 2025 can streamline everything from order-taking to inventory management. Actionable insights : Real-time analytics help optimize sales and inventory. Simplified management : Automates inventory tracking and staff scheduling.
Running a successful restaurant today requires more than great food and friendly service—it demands smart technology that drives efficiency. Here’s how it can transform your business: Boosts Efficiency: Automates orders, payments, and inventory tracking to reduce errors and save time. Want to know more?
Running a successful restaurant in 2025 isnt just about serving great food and offering good serviceit also requires the right technology behind the scenes. Whether its managing inventory, handling online orders, or running loyalty programs, the right integrations can turn your POS system into a powerful tool for efficiency.
By letting customers handle their own orders, these tools cut down wait times and free up staff to focus on food preparation and delivery. This gives staff more time to focus on what really matters – preparing great food. But automation doesn’t stop at order management – it also tackles inventory challenges.
Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Accounting must track and analyze performance across peak and off-peak seasons, affecting revenue recognition, staffing, and inventory management. Cost of Goods Sold Inventory valuation, purchase tracking, vendor payments.
As a chef or restaurant owner, keeping food costs down without sacrificing quality can be a challenge. By swapping out expensive ingredients for more affordable alternatives, you can optimize your menu and significantly reduce food costs. Use Inventory Wisely: Reduce waste by incorporating available stock.
Furthermore, digital tools for inventory and labor management became crucial for navigating supply chain disruptions and staffing challenges. – Brooks Schaden, co-CEO of Tom’s Watch Bar The pandemic certainly put food safety on the map as consumers prioritized their personal health and wellness above all.
Integration with online ordering, loyalty programs, and inventory tracking. Add features like online ordering, inventory tracking, and loyalty programs. Whether you run a quick-service spot, a full-service restaurant, a bar, or a food truck, each has unique needs for handling orders and managing workflows. Transaction fees: 2.2%4.5%
Automated Inventory Management Today, general managers spend hours weekly counting inventory, often discovering shortages only after they cause problems. David Ingenito GoTo Foods , Multi-Unit Franchise Owner Edge computing creates true operational resilience. The stability and reliability is phenomenal."
While the end-product of a quick-serve restaurant is to provide fast food to hungry customers, there are common mistakes in the industry. Lack of Branding and Restaurant Character Today’s quick-serve restaurants are very different from traditional fast food models that include burgers, fries, and subs. Don’t stop there!
They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Complex Tax Regulations: The industry faces specific tax considerations related to food and beverage sales, lodging taxes, and tip income, demanding expert knowledge for compliance.
It’s the invisible framework that supports informed decision-making, ensures regulatory compliance, and illuminates the path to sustained growth. A single percentage point difference in food costs or labor can be the difference between profit and loss. This provides a crucial insight into food and beverage costs relative to sales.
Financial accounting in hospitality can reveal inefficiencies in inventory management, for example, leading to a more judicious use of resources. By providing accurate financial data, it ensures informed decision-making, helping establishments to operate more efficiently. Restaurants mainly deal with food and beverage inventory.
Forget about manually dialing every past and future employee, and no longer stress because no one answered, you are understaffed, and you’re two hours behind on inventory. By doing so, the software reduces scheduling errors, wasted time, and excess office supplies. How does online scheduling software improve restaurant efficiency?
Specialized accounting services provide valuable insights into food cost analysis, inventory management, and daily sales tracking. Hospitality accountants, offering bookkeeping services specifically for hotels and restaurants, focus on unique aspects such as food cost analysis, daily sales, and inventory management.
Meanwhile, according to consumers, here are some opportunities for restaurants: Packaging : 90 percent say they’d order a greater variety of items if the food maintained on-premises quality during delivery; over half would pay more for premium packaging that supported quality during transport. percent for Starbucks, 4.3
As economic pressures and fluctuating food costs persist, these technologies will be critical for maintaining profitability and ensuring long-term sustainability. Younger generations are increasingly favoring restaurants that prioritize sustainability… local sourcing, reducing food waste, energy efficient operations.
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