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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.
Experts have deemed recovery from the pandemic “complete ,” but a new set of challenges has emerged for restaurants: labor shortages, disrupted supply chains, and extreme weather. Amid these potential disruptions, operators need a fresh approach to managing food costs. percent annually. Think of it as an adaptable tool.
Minimizing Menu Price Increases : Just because diners are still eating out and ordering in, does not mean they are happy about higher menu prices. Restaurant operators should limit significant menu price increases, explore value menus when possible, and avoid implementing any sneaky service charges.
egg industry is grappling with a crisis that has sent shockwaves through the foodsupply chain. poultry industry has faced recurring waves of infection, causing drastic fluctuations in egg supply. Supply and Demand Imbalance : With fewer hens laying eggs and production costs soaring, the supply chain struggles to meet demand.
McDonald’s Quarter Pounders were temporarily removed from the menu across 13 states due to E. coli was only linked to McDonald’s thus far, other restaurant chains – including Burger King, Taco Bell, and Pizza Hut – have removed onions from their menus. coli contamination , likely from onions used on the burgers.
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.
From labor to supply chain to utility bills, restaurant operators are feeling the pressure. We’re not slashing service or trimming the menu. If you miss the mark there, your labor, inventory, and prep levels are all off. Rising costs are a reality in our industry. The key is control, not cuts.
While the cost of food waste isn’t a secret , you probably overlook it, considering it a part of doing business in this industry. It can help you fix discrepancies in ordering and inventory management , minimizing food shrink. The consumer price index for restaurant food costs increased by 7.7%
While this can be largely attributed to supply challenges associated with bird flu which has affected nearly 100 million egg-laying hens since 2022, it's not the only factor. Approximately 70 percent of the menu items at the breakfast and brunch brand with 34 locations features eggs as an ingredient.
” “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. .” "The menu implications are here and are impacting consumer demand," he said. "The Costs that would need to be passed on to consumers."
While this can be largely attributed to supply challenges associated with bird flu which has affected nearly 100 million egg-laying hens since 2022, it's not the only factor. Approximately 70 percent of the menu items at the breakfast and brunch brand with 34 locations features eggs as an ingredient.
A bar is a profitable business option if you’re looking to enter the food industry. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services. Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses.
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.
A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. They tell you how much money your restaurant keeps after paying for everything from food costs to labor expenses to utilities and rent. This gives you a sense of how effective your menu pricing is.
It’s like knowing how to make a schedule, do inventory, or cover a section of tables if a server calls out sick and you’re shorthanded. It’s the foundation of knowing your actual food cost. Knowing the true cost per serving means you’re not guessing where to set menu prices. It’s just part of the job.
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. Integrate with POS Systems : Sync with sales data to refine menu choices and track high-waste items.
In this article, you will learn: The five most important restaurant costs to track and manage Easy strategies for controlling food costs and labor costs Tactics to save money without hurting your guest experience Lets start with the big picture and learn where your money is actually going.
They play a big role in overseeing your inventory and attending to customer complaints. They also bring creative ideas to the table, such as improving the drink menu and coming up with new events and promotions to drive sales. In this article: How do you handle inventory management to keep the bar always adequately stocked?
"These tariffs could deeply affect the food service and hospitality industries on both sides of the border," Alex Thalassinos, President of Silverware POS, one of the first tech providers dedicated to Canada’s hospitality industry, told Modern Restaurant Management (MRM) magazine.
Sure, they're vital when grocery stores are closed or running low on supplies, but they also provide something less tangible: a slice of normalcy when everything else feels uncertain. Digital menu boards have become equally rugged. The Power of Cloud-Based Operations Perhaps the most impressive advances are in cloud technology.
Introduction In the fast-paced world of restaurants, keeping a close eye on your inventory is as vital as the secret sauce in your signature dish. Proper inventory tracking helps reduce waste, control costs, and boost profits. What Is Restaurant Inventory Management? Key Components of Restaurant Inventory Management 1.
They help with reservations and table management, staff scheduling and time management, inventory tracking, rewards programs, automated marketing, and more. Inventory and supply chain apps. Its difficult to build a solid foundation of repeat customers if the kitchen is constantly 86ing popular menu items.
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.
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. According to a study from Delierect , 43% of restaurant diners say they are willing to pay more for sustainable dishes, and 68% believe restaurants should take active steps to reduce food waste.
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.
Continue to Site >>> Menu Forget coffee. Wishnow, a former Dunkin’ and Taco Bell franchisee, tapped menu consultants and brand builders The Culinary Edge to design a menu that falls somewhere between Salad and Go and Sweetgreen, price-wise. The way Greenlane prices its menu has evolved since the first unit opened in 2023.
How would you recommend menu items to guests to enhance their dining experience? Have you ever handled a situation where a customer asked for a dish not on the menu? What techniques do you use to upsell menu items or drinks? How do you handle special dietary requests or food allergies? What did you do?
The next youre racing to keep inventory stocked while customers wait for tables. Give them a week of shadowing seasoned staff, clear checklists like Greet tables in 2 minutes or Check orders before they leave the pass, and a full menu rundownspecials included. Free meals after long shifts or a staff pick on the menu build camaraderie.
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.
JAB hired bankers to attract new investors as it considers an IPO for the coffee and food to-go chain. The chain will slash prices by around 5 yuan on frappuccinos, tea lattes, and other selected menu options as consumers become more price-conscious. Madrid, Spain) Mon, 9 Jun – CleverCoffee becomes the highest-ranked EU coffee B Corp.
These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Here’s what you need to know: Sales Reports : Track revenue, peak hours, product performance, and staff contributions to refine pricing, menu, and staffing.
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).
Particularly at busy periods or special events, you want to make sure there is open communication on menu, inventory, and service standards adjustments. Having faith in their knowledge strengthens morale and helps them to feel responsible for the food they produce.
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.
The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. With this information at your fingertips, you can: Adjust pricing strategies: Is a menu item underperforming? COGS tracking, tip reporting, inventory management). Is inventory shrinkage an issue?
Rising food costs are putting pressure on restaurant marginsbut theres a smarter way to save. By replacing high-cost ingredients with more affordable, equally effective alternatives, operators can reduce food expenses by up to 30%. Restaurants can reduce food costs by 15-30% using smart ingredient swaps and data-driven tools.
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?
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.
Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. That could simply be food sales , alcohol , and non-alcoholic beverages. Cost of Goods Sold (COGS) Your Cost of Goods Sold is the cost of your food and beverages. That may be too high.
By letting customers handle their own orders, these tools cut down wait times and free up staff to focus on food preparation and delivery. Diners simply scan a code with their phone, browse the menu, place their order, and pay – all from their table or even while waiting in line. These systems go beyond simple tracking.
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.
No matter how much technology evolves, or trends shift, people will always come back for quality food, great value, and friendly service. Whether it’s speeding up order times, improving inventory management, or boosting loyalty programs, every tool should serve a purpose. These core elements never go out of style.
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