Modern Restaurant Management

SEPTEMBER 9, 2021

The data to analyze with food is the following: food sales, food costs, sales mixture, food inventory, cost of goods sold, menu pricing, invoice reviews for accuracy of pricing, stock on hand, beginning and end of day protein counts, and daily sold items. They have to price it on the menu and add it to the inventory. Food Costs.

Pricing 520

Pricing Food Seasonal Menu Food Order 520

Modern Restaurant Management

DECEMBER 30, 2024

In 2024, food prices have been high and consumer spending has been stretched thin, making it even more difficult for restaurants to attract new customers. Restaurants succeed or fail based on loyalty, which is a direct result of customer experience.

Customer Experience 519

Customer Experience Loyalty Program Dietary Restrictions 2025 519

Modern Restaurant Management

NOVEMBER 7, 2022

Striking a balance between value and price. Is it possible to strike a balance between value and price to satisfy both parties? To answer that question, Revenue Management Solutions (RMS) examined two factors: the impact of price increases on QSR sales performance and consumers’ perception of value. Is it possible?

Pricing 508

Pricing Loyalty Program Point of Sale 2023 508

7 Shifts

NOVEMBER 24, 2024

Aside from improving restaurant customer experience , market research also helps you make informed decisions about location, pricing, and marketing strategies. Clear goals help you focus your efforts and gather the right information. Start by deciding what you need to know. With the 4.5%

Marketing 370

Marketing Social Media SEO Customer Service 370

Modern Restaurant Management

MAY 29, 2025

As users discovered Google and learned best practices for finding sought-after information, QR codes began to feel superfluous – an extra or unnecessary step for consumers to get where they wanted to go. Product information and tutorials. Customer feedback. Not at all.

Menu 371

Menu Loyalty Program Download Customer Service 371

Modern Restaurant Management

MAY 13, 2024

For example, Starbucks is looking to take it’s data-informed personalization to its physical stores with digital menu boards. The Future of Restaurants Looking forward, consumers want to see futuristic tech including personalized digital menus, full-meal vending machines and robot delivery services.

Pricing 493

Pricing Loyalty Program Mobile Ordering Customer Service 493

EATER

OCTOBER 21, 2024

However, if you were to walk into one of PLNT Burger’s at least 12 locations, you won’t find a deluge of information about the environmental impact of eating meat. We get specific,” he says of the need to keep the diner informed of intentional menu substitutions and choices. “We We call it out. You know where it’s from.

Sustainability 331

Sustainability Sourcing Consumer Goods Seasonal Menu 331

Goliath Consulting

FEBRUARY 19, 2025

Advanced Financial Analysis: Creating sophisticated tools for budgeting, cash flow projection, and profitability analysis that drive informed decision-making across all aspects of the business. This integration ensures all business functions work cohesively toward profitability goals.

Cash Management 243

Cash Management Leadership Seasonal Menu Sustainability 243

ChowNow

MAY 16, 2025

Understanding what customers order, when they order, and how often is an untapped goldmine of information for restaurant operators. Using that data can help you answer questions like: Are we pricing our bestsellers too low or overpricing items customers arent buying? What do repeat orders say about our customer preferences?

Ordering 195

Ordering Online Ordering Seasonal Menu Point of Sale 195

Modern Restaurant Management

DECEMBER 17, 2024

Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial. Educating consumers about the benefits of sustainable ingredients can also foster understanding around pricing, making them more willing to pay a premium. This is where e-commerce solutions can help, by.

2025 419

2025 Loyalty Program Customer Experience Online Ordering 419

Modern Restaurant Management

FEBRUARY 14, 2022

Menu and Price Points. This includes places that may be a price point above or below yours. Closely related to the menu and price point is the quality of food your competitors are serving. If they are charging high prices for mediocre food, your restaurant could charge higher prices for better. Food Quality.

Transportation 575

Transportation Social Media Menu Pricing 575

Culinary Cues

MAY 12, 2025

Wine lists that resemble an encyclopedia of the wine making craft are just the price of admission. The price they pay is a lack of balance in their lives, relentless stress, and always concerns about when their star will lose its shine. Its an incredibly difficult life, one that only a few have been able to master.

Fine Dining 348

Fine Dining Seasonal Menu Front of House Customer Experience 348

Modern Restaurant Management

MARCH 18, 2025

This shift highlights the growing reliance on social media for information, making it crucial for restaurants to engage with this audience where they are. Technology plays a key role in this, as smartphones serve as an endless stream of information, entertainment and social connection.

2025 322

2025 Sustainability Social Media Customer Experience 322

Modern Restaurant Management

DECEMBER 18, 2024

The quicker businesses can feed that information back into operations, the better, whether for personalized dining, staffing optimization, or advertising and marketing. Value is about more than price—it’s about the quality of the food, the atmosphere, and the service.

2025 419

2025 Loyalty Program Social Media Fast Casual 419

Modern Restaurant Management

FEBRUARY 24, 2025

Revenue growth in 2024 was largely driven by menu price adjustments. Although concerns about customer sensitivity influenced pricing decisions, only 9 percent of restaurants did not change prices in 2024, down 19 percent from 2023, indicating a stronger shift towards strategic price increases.

2024 251

2024 2025 2023 Loyalty Program 251

Modern Restaurant Management

DECEMBER 27, 2024

At the same time, economic uncertainty, consumer price sensitivity, and limited resources remain pressing concerns. In an era where price-conscious diners seek value more than ever, restaurant loyalty programs are becoming indispensable.

2025 275

2025 Loyalty Program Email Marketing Customer Experience 275

Modern Restaurant Management

NOVEMBER 20, 2024

Even so, some restaurants are piloting alternative compensation models, like service charges or higher menu prices, to see if such models offset the elimination of tips and create more wage equity. Every system you consider should provide feedback or data that allows you to make informed decisions and continually improve.

2025 474

2025 2024 Recruiting Employee Relations 474

Modern Restaurant Management

OCTOBER 24, 2024

This overall increase in demand could lead to rising energy prices for consumers and businesses. Fuel costs: The price of electricity is influenced by the cost of the fuels used to generate that electricity, and as demand for these fuels also increases, prices are likely to climb.

Equipment 221

Equipment Pricing Influencer Sustainability 221

ChowNow

FEBRUARY 28, 2025

Running your own online ordering system gives you complete control over pricing, promotions, and customer data, helping you maximize profits while still offering convenience. When customers order through a third-party app, you dont get access to their contact information, making it harder to bring them back.

Online Ordering 195

Online Ordering Ordering Email Marketing Mobile Ordering 195

Modern Restaurant Management

MARCH 21, 2022

The key is to make the right decisions around inventory and pricing at the right times—and having the right technology can make all the difference. Even in the best of times, commodity prices change on a daily basis. Few in the hospitality industry are thrilled by headlines informing them that inflation rates in the U.S.

Technology 508

Technology Food Supply Inventory Supplies 508

Modern Restaurant Management

JANUARY 27, 2021

The messaging can be informative (“Direct orders are the best way to support our business”) or incentivizing (“Lowest prices guaranteed when you order from our website or app”). Guarantee the Lowest Prices. Let customers know that they’ll find the lowest prices ordering through you.

Ordering 539

Ordering Online Ordering Social Media Delivery 539

Modern Restaurant Management

MAY 10, 2022

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. It can take hours to manually figure out things like recipe costs, ingredient prices and inventory counts. Partner with Supply Chain Experts.

Supplies 493

Supplies Food Supply Audits Inventory 493

Modern Restaurant Management

SEPTEMBER 7, 2021

A : Contract overlaps and pricing have a lot of impact on restaurant operators and their business, especially for those without supply chain personnel or who are simply too busy to check or double check pricing contract structures. You must constantly keep track of dates and make sure the right prices are being executed.

Audits 584

Audits Food Supply Supplies Pricing 584

Modern Restaurant Management

JUNE 9, 2022

Consider tapping into the treasure trove of customer information your POS platform contains. Let’s say the price of beef goes up. Reviewing your data from past menu adjustments may reveal an increase in the price of a chicken sandwich would create less of an impact on sales than bumping up the price of a hamburger.

Front of House 490

Front of House Point of Sale POS Online Ordering 490

Modern Restaurant Management

JUNE 24, 2020

On top of the everyday commitment to prepare great food, provide stellar service, and maintain an inviting environment, restaurant operators have, in recent years, been challenged to meet higher standards for protecting customer payment information – and now to preserve public health and safety.

POS 531

POS Operations Point of Sale Back of House 531

ChowNow

MARCH 7, 2025

The more you understand your customers, the better you can fine-tune your marketing and pricing strategies. You can also use sales trends to adjust menu pricing and share customer-favorite menu items, helping you get the most out of high-demand dishes. Lets break down the key benefits of leveraging your restaurants customer data.

Loyalty Program 195

Loyalty Program Email Marketing Online Ordering Point of Sale 195

ChowNow

MAY 23, 2025

If youre using a modern POS system or inventory management software, you likely already have most of this information easily at your disposal. These are candidates for portion adjustments or pricing tweaks. Small pricing tweaks work the same way. What Is Menu Engineering and Why Should You Care? Hidden gems with potential.

Menu 195

Menu Seasonal Menu Point of Sale Online Ordering 195

Modern Restaurant Management

JULY 25, 2023

Contrary to the fear of replacing human expertise, its true power lies in extracting invaluable information and data to aid operators and franchisors in making informed decisions. Recently, RMS launched Competitor Price Intelligence. Recently, RMS launched Competitor Price Intelligence.

Customer Experience 419

Customer Experience Customer Service Back of House Pricing 419

Modern Restaurant Management

JUNE 5, 2023

ChatGPT, a chatbot based on GPT-3 and GPT-4 technology, can also be trained on a central database with information about local menu availability, opening hours, events, location information and more, resulting in a human-like conversation with a customer.

Dine-in 474

Dine-in Customer Service Customer Experience Hiring 474

Modern Restaurant Management

NOVEMBER 18, 2024

With that information, insurance companies may offer better pricing to businesses with video surveillance compared to those without a system in place. This information is provided as a convenience for informational purposes only.

Insurance 389

Insurance Back of House Restaurant Law Information 389

Modern Restaurant Management

AUGUST 22, 2024

With guests searching for value, how can local restaurants compete and thrive in such a competitive market and build trust withconsumers who are more cautious about price and safety than ever? "Value "People tend to go to fast-food restaurants for the speed and lower price point.

Allergens 402

Allergens Front of House Food Safety Back of House 402

ChowNow

MARCH 13, 2025

Are delivery prices aligned with in-house costs? Without clear, consolidated data, making informed decisions about delivery becomes nearly impossible. The result: Menus, pricing, and availability stay consistent across all platforms, ensuring a smoother customer experience. Make informed decisions with better data.

Delivery 195

Delivery Food Food Order Point of Sale 195

Modern Restaurant Management

SEPTEMBER 7, 2022

Menu engineering, particularly for enterprise restaurant brands, has to take into account myriad details, from supplier pricing in different regions to regional menu item preferences to rapidly changing food costs.However, menu engineering doesn’t have to be a task you dread. Tap Into Technology to Make Menu Engineering Easier.

Menu 491

Menu Management Management Waste 491

Modern Restaurant Management

MARCH 17, 2025

This is where a buying group brings that advantage, helping source at the best price, quality, and then creating sourcing redundancy when mother nature gets in the way of supply with fresh agricultural products. Having many team members mean there are many salaries being paid and those salaries are accounted for in the service price.

Food Supply 221

Food Supply Customer Service Back of House Small Business 221

Modern Restaurant Management

AUGUST 19, 2020

For BevAlc buyers, price point as a function of quality, although always important, will become crucial over the coming months and years. Finding the right balance of what local guests want, at the maximum price point and minimal cost could be the difference between surviving and closing the doors. The first important factor is margin.

Cash Management 572

Cash Management Point of Sale Consumer Goods Small Business 572