Modern Restaurant Management

APRIL 15, 2020

However, according to the USDA , up to 40 percent of the nation’s food supply is wasted each year – the economic equivalent of approximately $161 billion. Now, more than ever, is the time to focus on the bottom line reducing our food waste and thus food costs in an effort to survive. The Challenge.

Waste 88

Waste Food Food Supply Government 88

7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Apple | Android 12.

Operations 367

Operations Management Management Mobile Ordering 367

7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Apple | Android 12.

Operations 353

Operations Management Management Mobile Ordering 353

Modern Restaurant Management

SEPTEMBER 11, 2023

In recent years, the restaurant industry has incurred staffing issues that have closed independent establishments and franchises nationwide. For instance, AI can help monitor inventory levels, track ingredient freshness, and optimize cooking times and temperatures, leading to consistent food quality, reduced waste, and increased efficiency.

Technology 211

Technology Seasonal Menu Online Ordering Customer Service 211

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 195

Management Management Kitchen Safety Front of House 195

Modern Restaurant Management

JANUARY 17, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Curry Up Now also limits their disposal waste by using real plates, silverware and cloth napkins in-house and packaging all to-go orders in recyclable and compostable containers.

Franchise 110

Franchise Franchising Fast Casual Leadership 110

Apicbase

FEBRUARY 29, 2024

It is estimated that the US food service sector wasted 13 million tons of food in 2022, up from 9.15 Toast , 2023) 58% of operators said that rising inventory costs was their number one source of financial strain in 2023. After a significant decrease in 2020, the rate of food waste started to grow again.

2024 52

2024 Operations 2023 Loyalty Program 52

Apicbase

MARCH 28, 2024

In this guide, we’ll examine the definitions and calculations for different types of restaurant profit margins and discuss the best ways to improve them through better inventory and purchasing management, tech integrations, and analytics. It’s worth, therefore, investing in improving operations to boost your margin.

Food Truck 52

Food Truck Front of House Allergens Inventory 52

Apicbase

FEBRUARY 8, 2024

This strategic orchestration extends to menu planning, pricing, inventory management, health and safety protocols, and the testing and implementation of new technology. The process requires accurate and up-to-date sales figures, food costing, and inventory data to make the necessary calculations.

Definition 52

Definition Operations Management Management 52

Apicbase

APRIL 20, 2022

Franchising is a time-tested business model that allows restaurant owners to scale their business fast and efficiently. In this post, we are NOT exploring the benefits of a restaurant franchise. We’ve included those at the bottom of the page to give you a complete picture of the risks of franchising your foodservice brand.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Modern Restaurant Management

JUNE 18, 2020

Recognizing this shift, Freshii , a fast-casual franchise with hundreds of locations globally, created a corporate partnership that enables companies to offer meal kits and market baskets at a discount to their employees. Strategies like those employed by Prairie keeps the supply chain moving, costs constant, and food waste limited.

Supplies 163

Supplies Innovation Food Supply Loyalty Program 163

Apicbase

FEBRUARY 8, 2024

This strategic orchestration extends to menu planning, pricing, inventory management, health and safety protocols, and the testing and implementation of new technology. The process requires accurate and up-to-date sales figures, food costing, and inventory data to make the necessary calculations.

Definition 52

Definition Operations Management Management 52

Apicbase

JANUARY 13, 2023

With smart food ordering — meaning leveraging tech for inventory management and vendor selection — operators can cut down on food waste by 80%. The benefit is even bigger for inventory management — 91% say that automation around inventory/item availability would help them streamline processes and fill business gaps.

2023 52

2023 Operations Management Management 52

Goliath Consulting

JUNE 15, 2021

Inventory Estimates. It has also been a time-consuming and challenging process to develop an efficient inventory estimate as many businesses had to rely on historical data over current patterns. This has resulted in under-ordering (and dissatisfied customers) or over-ordering (and increased waste). Conclusion.

Supplies 165

Supplies Food Supply Fast Casual Front of House 165

Modern Restaurant Management

SEPTEMBER 14, 2022

Just look at how brands will attract more customers; CallBurger franchise in Pasadena showcasing a burger-flipping robot named Flippy, or Dominos using drones to deliver pizzas in New Zealand. Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs.

Front of House 204

Front of House Mobile Ordering Loyalty Program Back of House 204

Focus POS

APRIL 21, 2020

Restaurant cloud POS software eliminates the back-and-forth with a stationary terminal to place an order, as well as the time and resources wasted remaking orders that were entered incorrectly. Restaurant cloud POS software gives you the ability to check sales reports, figures, and inventory counts from any internet-connected device.

POS 164

POS Mobile Ordering 2030 Inventory 164

Modern Restaurant Management

JANUARY 21, 2020

The idea of using social media marketing to attract customers, all the while managing inventory and payroll, can be exhausting. Large franchises will typically have brand standards, but as a small business owner, you probably don’t. Potential revenue is on the table and you can’t let that go to waste.

Social Media 243

Social Media Marketing 2020 2019 243

Focus POS

JUNE 27, 2019

Watch inventory. It’s important to monitory both inventory and usage. When your inventory isn’t under your control, you can risk disappointing customers when you run out of their favorite items before more has been reordered. Sales, labor, inventory data reports. Restaurant Inventory Management Software.

Management 121

Management Management Franchise Franchising 121

7 Shifts

NOVEMBER 19, 2019

Before restaurants can record a profit, they need to take several expenses into account—inventory, kitchen equipment, building utilities, and of course, labor. No one’s talent is being wasted, and no one is too swamped for their own good. Chances are, you’ll be able to move something around to cut some of these costs in the future.

Management 253

Management Management Employee Relations Restaurant Law 253

Margin Edge

FEBRUARY 3, 2022

Track waste. Take consistent inventories. Track Waste – In the Kitchen and the Dining Room. Oftentimes, the biggest culprit for out-of-control food costs in a restaurant is waste. First let’s talk about the two places where waste can occur: in the kitchen and in the dining room. 6 Ways to Reduce Food Costs.

2022 98

2022 Food Seasonal Menu Waste 98

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. Optimized CoGS starts with accurate and detailed inventory management , which informs all purchasing decisions. Minimizing Food Waste.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Focus POS

JUNE 17, 2019

Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management. Centralized, cloud-based access to all of your business data is essential for efficient franchise management. Scalability.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Goliath Consulting

JANUARY 6, 2019

Management companies provide restaurants with a franchise like operating system without having a franchise agreement. Britt Cloud, Goliath’s Consulting Chef, directs back of house operations and works with the current chef/kitchen manager to restructure inventory, food costing, menu, labor, and health policies.

Management 60

Management Management Front of House Back of House 60

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. Get a 360-view of your sales & inventory data Adopt restaurant analytics software. Inventory Turnover Ratio This restaurant inventory metric measures how often your business depletes its total inventory.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

DECEMBER 4, 2020

Understanding this break-even number, which is based on your operating expenses, informs everything from your staffing decisions to adjustments in inventory. This approach has been challenging for restaurants in particular, who have labor and inventory that can be difficult to adjust quickly. Managing rotating inventory.

2021 78

2021 Operations Mobile Ordering Social Media 78

Hot Schedules

MAY 25, 2021

Our Inventory solution provides restaurants with the ability to perform inventory counts efficiently and accurately. Read More The Fourth Awakens For Star Wars fans across the galaxy (at least those who use the Gregorian calendar), May the Fourth was a rallying point to commemorate the beloved franchise.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

Apicbase

NOVEMBER 28, 2022

This kitchen prepares large batches of food and distributes it to franchise restaurants, business-owned locations, or retail customers. For instance, a large bakery franchise typically uses its CPU to prepare and distribute the dough for all its baked goods. In addition, Apicbase enables you to register waste events.

Tip Distribution 52

Tip Distribution Kitchen Safety Food Supply Food Safety 52

MBB Hospitality

FEBRUARY 13, 2024

Inventory management is just as important While we remain on the topic of management, running a restaurant also requires focusing on your inventory as well. Two things you want to avoid are wasting inventory and stockouts. Well-trained and a good mood can really do wonders for the entire staff.

Inventory 52

Inventory Hiring Food Order Social Media 52

Restaurant365

FEBRUARY 24, 2021

it is difficult to take advantage of advanced restaurant management tools such as inventory or sales forecasting to continue growing your business. The restaurant industry faces unique challenges, from a highly perishable inventory to management of hourly employee payroll. And yet, at its core, inventory is an accounting transaction.

Inventory 78

Inventory Point of Sale POS Franchise 78

Restaurant365

FEBRUARY 14, 2022

In fact, the bank reconciliation feature of Restaurant365 has enabled us to grow from 18 Jimmy John’s franchise locations to 30 — without having to increase headcount in the accounting area.” I love being able to easily maintain templates , even from within an inventory count itself. You weren’t able to catch mistakes as easily.”

Back of House 78

Back of House Customer Service Demo Franchise 78

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. While you can not always control the commodity pricing, you can control how you manage it by reducing waste, optimizing efficiencies and leveraging margins.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Restaurant365

NOVEMBER 19, 2019

Managing complex, rotating inventory. Restaurant inventory management involves a large number of moving pieces, many of which are “temporary” compared to other retail businesses. Ingredient costs are one of a restaurant’s largest expenses and managing inventory accurately can be difficult. Conclusion.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

Modern Restaurant Management

JANUARY 27, 2020

The Institute of Culinary Education (ICE) developed a new Beverage Studies program with three in-depth courses covering fluency in tasting and serving, effective team and inventory management, and increased professionalism to achieve success in the beverage sector of culinary and hospitality businesses.

Catering 109

Catering Mobile Ordering Customer Service Leadership 109

Apicbase

JUNE 20, 2022

You can do many things as a franchisor to improve your chances of building a thriving restaurant franchise. Even if you’ve ticked all the right boxes and executed every step of the restaurant franchise playbook to perfection, your ability to attract and retain strong franchisees is essential to your success. John van Kooten.

Recruiting 52

Recruiting Franchise Franchising Loyalty Program 52

Apicbase

SEPTEMBER 16, 2022

On the back-of-house side of things, we have inventory, purchasing, and menu profitability reports. Restaurant analytics software combines multiple data sets — sales, staffing, inventory, and others — to dive deeper into the questions raised by canned reports… and to answer those big whys. What is Restaurant Analytics?

POS 52

POS Operations Back of House FOH 52

BNG Point of Sale

AUGUST 12, 2021

Benefits of Franchise Operation and Restaurant Chains in the Hospitality Industry . If you plan to run multiple franchise chains or are a hospitality provider with multiple locations, you benefit from this same profit per restaurant. As a result, franchise owners and hospitality restaurant owners can become quite wealthy. .

Franchise 52

Franchise Franchising Point of Sale Food Truck 52

Modern Restaurant Management

AUGUST 5, 2020

ECJ’s Food, Beverage and Hospitality Department attorneys advise food and beverage clients, startups and other businesses on a comprehensive range of issues, including employment, trade secrets, partnership disputes, contract negotiations, intellectual property, licensing and franchise disputes.

Food Safety 203

Food Safety Mobile Ordering Online Ordering Kitchen Safety 203