Modern Restaurant Management

NOVEMBER 15, 2022

Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

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Pricing Food Supply Seasonal Menu Menu 191

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. Logistics challenges and labor shortages have fueled rising food prices at the wholesale level. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of wholesale prices, up 9.6%

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Inventory Pricing Management Management 148

Cheetah

SEPTEMBER 30, 2021

Supply chain disruptions and shortages like these are hitting every part of the food service industry hard. Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. Labor Crisis Continues.

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Food Supply Supplies Pricing Food 148

Modern Restaurant Management

MARCH 2, 2022

Restaurant menu prices continue upward as the U.S. Operators are being forced to make changes in an effort to navigate the price escalation. Technomic also reported that 45 percent of consumers say they usually pick restaurants with lower prices. Run LTO’s to Reduce Food Waste. percent on an annual basis.

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Pricing Menu Waste Food Supply 188

Modern Restaurant Management

APRIL 12, 2022

RMS just released our latest findings around consumer sentiment for Q1 , which revealed, among other things, that price is starting to matter—and not by an insignificant amount. When asked why they were getting less value from a restaurant visit, 82 percent reported higher prices. The sentiment has changed rapidly.

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Pricing Fast Casual 2021 2022 186

Culinary Cues

APRIL 25, 2021

I find it very interesting how diverse the food experience is. Just as all cars can move a person from one geographic point to another yet the experience that takes place in between can be totally different – so too is this true with food. QUICK SERVICE: This is the food noise experience for both the customer and the employee.

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Food Fine Dining Café Customer Experience 418

Culinary Cues

APRIL 23, 2022

The buck seems to always stop with the chef; it’s the chef’s kitchen, the chef’s food cost, and the chef’s menu that drives marginal profit at best. The answer is simple, yet profoundly challenging: food cost is EVERYONE’S responsibility. So, if the cost of goods is not the chef’s responsibility, then where does the buck stop?

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Food Seasonal Menu Waste Point of Sale 381

Cheetah

SEPTEMBER 30, 2021

But the root cause of the current food chain crisis and rising food prices runs deeper than that. Supply chain disruptions and shortages like these are hitting every part of the food service industry hard. Labor Issues Exacerbate Food Chain Crisis. Summer Heat Wave Inflames Food Shortage. Cheetah Tip.

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Food Supply Supplies Pricing Food 78

Modern Restaurant Management

DECEMBER 1, 2021

It’s an unsavory fact: food is getting more expensive. In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 If current projections from the U.S. Rewards for Loyalty.

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Loyalty Program Pricing Menu Mobile Ordering 209

Ken Burgin

OCTOBER 19, 2021

Inflation is back, following dramatic rises in energy costs, wages and all the food & beverage supplies we purchase. Operators still holding the price of meals to what they were 12 months ago are bearing the brunt of massive increases in the cost of ingredients. So how do you put up prices with confidence and style?

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Pricing Menu Seasonal Menu Food Supply 158

Culinary Cues

JANUARY 20, 2024

There’s a reactionary movement that I keep seeing in restaurants; a movement that assumes the answer to the restaurant bottom line is to take more and give less or give too much to justify raising prices. A menu should thus be designed and priced to make those items seem essential.

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Fine Dining Food Truck Back of House Pricing 389

ChowNow

FEBRUARY 11, 2020

While customers might initially be delighted by the array of choices they have, the prices will leave them shocked and disappointed. In fact, for nine out of every ten of these newly added restaurants, customers are paying higher prices and having lower quality experiences. With the tip, t hat’s a $47 total for $26 worth of food.

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Pricing Online Ordering Customer Experience Social Media 158

Goliath Consulting

AUGUST 28, 2020

With how the restaurant industry looks right now, from shifting consumer behavior and volatile demand, strategically pricing a menu has never been so complicated, nor so important. Adjust your food costs so that it reflects your target food-cost percentages. Determine the pricing elasticity of items. Study the market.

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Pricing Menu Food Supply Food Safety 158

Restaurant Business

MAY 19, 2023

The Bottom Line: Operators have kept their foot on the pricing gas this year even as inflation shows signs of easing and profits improve. But with the economy nearing a recession, it’s time to slow down.

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Pricing Food Operations 99

Cheetah

DECEMBER 10, 2021

Cooking oil prices reached an all time high this October. Cooking Oil Prices Triple amidst Global Shortages. The first years of the pandemic came after nearly 6 years of low vegetable and crude oil prices. Now, economies and restaurants are accelerating activity, but shortages are causing cooking oil prices to skyrocket.

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Pricing Operations Food Supply Supplies 148

Culinary Cues

APRIL 22, 2024

Shrinkflation” is a descriptor for reducing the size of packaged goods while either keeping selling prices where they were or raising prices while portions are being reduced. I suppose it was only inevitable that this new method of doing business would creep into restaurant and other food related businesses.

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Consumer Goods Pricing Customer Experience Hospitality 260

Modern Restaurant Management

MAY 19, 2020

We are focusing here one essential piece: food costing. Notice we’re not saying food cost percentage. That means essentially ignoring the food cost percentage of delivery items. We’ll use screen shots of a user’s data from reciProfity, our food costing app. Food cost is $2.69. Contributes $6.30

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Delivery Food Food Safety Pricing 205

Modern Restaurant Management

OCTOBER 2, 2023

Food waste is recognized as an endemic challenge around the world. According to Feeding America , nearly 40 percent of all food in the U.S. For restaurants, an industry with challenging profit margins, minimizing food waste is nothing less than a survival strategy. restaurants lose $162 billion annually in food waste costs.

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Waste Technology Food Inventory 178

Restaurant Business

NOVEMBER 6, 2023

But they’re also paying more for food than ever before. Operators may need to look beyond price increases next year. Consumers have been resilient.

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Pricing 2024 Operations Food 112

Modern Restaurant Management

MAY 30, 2023

About half of respondents rely on apps for loyalty or rewards promotions, an effective and profitable way to grow your brand’s reach in these price-sensitive times. The channel most influences younger generations, while 80 percent of boomers said they don’t rely on social media platforms to guide their food and restaurant choices.

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Pricing Loyalty Program Social Media 2023 88

Modern Restaurant Management

JANUARY 20, 2023

Learn how the foodservice industry can stay competitive and fresh amid widespread food and labor shortages. As consumers watch food prices continue to rise, the demand for cost-effective meal solutions are prompting c-stores, full-service, and quick-service restaurants to increase their offerings.

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Food Food Supply Waste Food Safety 167

EATER

APRIL 2, 2024

Food delivery apps have recently added new fees in response to minimum pay rules in New York City and Seattle. Amid this dogpile of disgruntlement, the merry-go-round of debating the value of food delivery keeps spinning. Menu prices are almost always more expensive than ordering directly from restaurants.

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Delivery Restaurant Law Food Customer Service 143

EATER

MARCH 19, 2024

French food, by virtue of its history, is familiar. In a time when higher prices and stagnant wages mean diners are willing to take fewer risks on new restaurants , a new restaurant adhering to a recognizable formula takes the guesswork out, and gives a new restaurant a better chance at becoming an established one.

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Food Fine Dining Seasonal Menu Dine-in 94

Modern Restaurant Management

MAY 14, 2021

million tons of food. According to the food waste hierarchy pyramid, source reduction is the ‘best case scenario’ when it comes to food waste. Fortunately, there are many ways to manage food waste once it has been generated as an alternative to sending it to a landfill. Food Donation.

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Waste Compost Recycling Food 205

Modern Restaurant Management

SEPTEMBER 14, 2021

Across the country, prices for food are reaching all-time highs as inflation picks up and COVID-19 restrictions loosen, driving more consumers to resume dining, shopping and traveling. Food costs have climbed 0.8 producer prices for processed poultry in May hit a record high. Bureau of Labor Statistics.

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POS Technology Food Food Supply 182

Modern Restaurant Management

JANUARY 27, 2022

The restaurant industry is still dealing with pandemic-related issues, including supply chain disruptions, new COVID variants and surging cases, labor shortages, rising prices, and a shift in consumer demand. Make food safety and customer reassurance a priority to create a brand that customers (and employees) trust and support.

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Kitchen Safety Food Safety Audits Food 208

The Restaurant Group

SEPTEMBER 21, 2019

. Menu Pricing: Getting the Food and Drinks Pricing Right: The Difference Between Succeeding and Going Under. . Yes, having good quality food and drinks is the key to success, but so is the pricing. Consider these three tips as they will help you get started with food and drinks cost controls.

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Pricing Menu Food Education 60

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. This is where the concept of dynamic pricing comes in to help restaurants!

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Pricing Menu Seasonal Menu Point of Sale 52

Apicbase

OCTOBER 28, 2022

If CoGs and overheads rise due to inflation, your menu prices should follow. That way, you can keep price increases minimal. In normal circumstances, when menu prices have to be adjusted, it is usually done strategically and with great caution. Drastic price hikes are the last resort for restaurants.

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Pricing Point of Sale Inventory Seasonal Menu 98

Modern Restaurant Management

MARCH 3, 2022

” No truer words were spoken by Benjamin Franklin and is a mantra that resonates deeply for businesses in the food service industry—many of whom are in recovery mode in the midst of the COVID-19 pandemic. That’s five to seven times more energy used by food service than in a commercial space.

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Food Food Safety Customer Service Customer Experience 208

ChefMod

OCTOBER 20, 2021

People seem to be making up for the lost time on the social front, unfazed by rising fuel, food, and labor costs. Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. The catering sector is no different and can benefit from innovative technology.

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Catering 2022 Pricing Food Supply 52

Future Food

DECEMBER 5, 2019

Trends that will shape the future of your food and hospitality projects for 2020. However, food and service will always be at the heart of hospitality. Home Meal Replacement food choices, primarily from supermarkets, will continue to be a major growth category. Supermarkets will continue to grow their ‘food court offer.’ (E.g.

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Hospitality 2020 Food Point of Sale 145

The Restaurant Times

NOVEMBER 8, 2021

You need to carefully price your restaurant menu to make it to the top and earn as much as possible. While it’s understandable that you want to make a profit, being overly aggressive with your menu pricing can drive the customer away. It is about the right balance when applying your pricing strategies. .

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Pricing Menu Consumer Goods Seasonal Menu 59

Cheetah

SEPTEMBER 8, 2021

The relationship between SMB restaurants and major food distributors has always been shaky. No doubt, everyone across the food industry is weathering unprecedented hard times. The recent disruptions to the food supply chain have exposed just how deep the interdependencies between us are. Disruptions to Food Supply.

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Food Food Supply Franchise Franchising 148

Cheetah

JUNE 21, 2021

Today’s economy is driven by consumer demand, which means that staying informed about the forces driving the food industry is leverage, especially for small and medium-sized restaurants. We are the only distributor with transparent prices. By showing our prices publicly on our app, every customer pays the same price.

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Food Supply Supplies Food Transportation 147

Modern Restaurant Management

APRIL 10, 2024

Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. When prices for staple ingredients like chicken rose dramatically in 2023, restaurant operators were forced to increase their prices. Full-service menu prices climbed 4.5

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2024 2023 Loyalty Program Point of Sale 192

Restaurant Engine

NOVEMBER 24, 2021

Manage your food costs and watch your restaurant grow and thrive. Food prices are rising across the board, and this affects restaurants just like yours. As a food service entrepreneur, you want to control your costs as much as possible, so you don’t have to drastically increase menu prices and pass them on to your customers.

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Food Management Management Website Management 118