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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them.

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How POS Inventory Tools Cut Costs in Restaurants

Lavu

Running a restaurant is tough, and poor inventory management can make it even harder. That’s where POS inventory tools step in to help. Key Ways POS Systems Save Restaurants Money: Real-Time Tracking : Automatically updates stock levels as orders are placed, reducing waste and preventing stockouts.

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Artificial Intelligence’s Impact on the Restaurant Industry

Modern Restaurant Management

Weather forecasts impact sales greatly because changes in weather conditions influence the customer’s food choices. With the help of historical sales reports and known weather conditions, they can calculate how much raw material stock they will have to actually buy and eliminate the risk of spending extra to maintain inventory.

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Value Is the New Battleground for Loyalty

Modern Restaurant Management

Guests are significantly pulling back their discretionary spending, which is directly influencing when, how, and what they choose to order at quick-service and fast-casual restaurants. To reap the full value from kiosks, they must sync with existing POS systems, loyalty programs, and kitchen display systems.

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10 KPIs for Online Food Delivery Every Restaurant Needs

ChowNow

How POS integrations can help Most mistakes happen because staff are manually re-entering online orders. Using POS integration eliminates this risk by sending orders directly to the kitchen, reducing human errors, and ensuring customers receive exactly what they ordered. Portion size. How well your menu is optimized for delivery.

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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

Factors that influence your profit margins Several things determine how wide or narrow your restaurant profit margins can be: Location: Rent in a prime downtown spot can devour your net profit. Use a restaurant profit margin calculator, POS reports, and your analytics to see exactly where your money is going.

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Restaurant AI Is Evolving Rapidly

Modern Restaurant Management

AI has become a valuable resource to have because it influences and is a critical feature of many businesses. Restaurants that integrate AI into their POS systems benefit from detailed analytical data generated by the system, which informs management about the utilization of inventory items, resulting in significant cost savings.