7 Shifts

SEPTEMBER 20, 2021

The first technologies that restaurants often invest in are the cloud-based point of sale (POS) systems and payroll processing. Scheduling software like 7shifts can also pull data from your POS to track labor against sales and get a more accurate picture of your labor cost—saving your restaurant money and time. SkiptheDishes.

Technology 370

Technology Front of House Social Media Back of House 370

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

MARCH 9, 2022

This can happen at any point in the food preparation process, including the packing of meals for takeaway and delivery. As per the finding from the webcast, ready-to-eat food sales will generate 2X latent demand of intelligent packaging; with sales of intelligent packaging in Ready-to-eat industry will reach US$ 2593 Mn by 2031.

Compost 202

Compost Sustainability Online Ordering Kitchen Safety 202

Modern Restaurant Management

MAY 17, 2023

As one of the largest generations of consumers, they continually influence the ways restaurants innovate, and there are identifiable characteristics that differentiate Gen Z consumers from their older counterparts. Born between 1997 and 2012, Generation Z is a demographic known for being tech-savvy and socially conscious.

Loyalty Program 183

Loyalty Program Mobile Ordering Social Media Customer Experience 183

Touch Bistro

MAY 10, 2021

And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.

Waste 59

Waste Food Compost Tip Distribution 59

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 210

2024 Loyalty Program Cash Management Customer Experience 210

7 Shifts

JANUARY 31, 2024

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. Managing a restaurant is a delicate routine—if we can even call it a routine. This wide-ranging responsibility is a lot, and it often leads to burnout.

Management 195

Management Management Kitchen Safety Front of House 195

Modern Restaurant Management

APRIL 22, 2022

Different innovative payment methods are being leveraged to increase food services efficiency in fast-food joints to fine dining. In-app pre-ordering solutions to help with food waste. million tons of food waste annually, equating to more than $25 billion in losses. Here’s what’s expected.

Technology 185

Technology Mobile Ordering Customer Service Food Order 185

Modern Restaurant Management

OCTOBER 6, 2022

Happy hours can be a great way to increase foot traffic and boost sales for restaurant and bars. Not only does it attract customers during slow times , but it also boosts sales and encourages people to come back. Instead of including your usual dishes, mix things up a bit and develop some innovative new offerings.

Loyalty Program 198

Loyalty Program Social Media Point of Sale Customer Experience 198

Squirrel Systems

FEBRUARY 16, 2024

As we settle into 2024, the restaurant industry stands on the cusp of transformative changes, shaped by evolving consumer preferences, sustainability concerns, and a relentless pace of technological innovation. Restaurants that spotlight these offerings emphasize their commitment to reducing carbon footprints and supporting local economies.

2024 52

2024 Technology Menu Mobile Ordering 52

24/7 Waiter

OCTOBER 25, 2023

The best marketing tools for restaurants can send out automated messages to boost sales and draw people in using images and video content. Sprout Social – Instead of wasting hours multiple times every day posting to a bunch of different platforms, set up a posting schedule. They help you keep track of your customers and their orders.

Innovation 36

Innovation 2023 Marketing Website Management 36

Modern Restaurant Management

FEBRUARY 14, 2023

To increase key metrics for your restaurant – including customer loyalty, sales, and profits – establish and maintain an exemplary food safety culture, where all employees work collaboratively to maximize safety and minimize risks. Now, massive layoffs in other sectors (including tech, real estate, etc.)

Food Safety 182

Food Safety Kitchen Safety Loyalty Program Employee Relations 182

Modern Restaurant Management

OCTOBER 13, 2021

Restaurateurs, however, have options to mitigate these challenges with technological innovation. Additionally, the solutions deliver deep indoor coverage, requiring fewer access points, which makes deployment easier. Low-power IoT solutions are affordable, secure, and reliable. Energy Management. Water Damage Prevention.

Food Safety 227

Food Safety Equipment Customer Service Point of Sale 227

Modern Restaurant Management

MARCH 3, 2022

But what if by investing in technological innovation restaurants achieved both bottom- and top-line revenue growth? Finally, low-power IoT solutions require fewer access points, making deployment easier. “A penny saved is a penny earned.” It’s possible by looking at the true ROI.

Food 199

Food Food Safety Customer Service Customer Experience 199

Perfect Daily Grind

OCTOBER 1, 2022

The online event is part of the WCA’s TechnoCoffee Innovation Series, and will cover topics related to data interoperability and transparency in the coffee sector. revenue growth in 2021, bolstered by rising Nespresso sales. Nestlé states Nespresso was a significant contributor to overall sales growth. billion (US $2.86

2022 135

2022 2023 Point of Sale Webinar 135

Sling

SEPTEMBER 13, 2022

For example, your point-of-sale software is cumbersome for your employees and customers and needs to be replaced. Your point-of-sale software update can be pushed off until later because it’s not causing any problems at the moment. 2) Don’t waste your time. That’s where we can help. Let’s dive in!

Retail 144

Retail Management Management Point of Sale 144

Modern Restaurant Management

DECEMBER 28, 2023

The incorporation of AI into point-of-sale systems has streamlined transactions resulting in reduced waiting times and higher customer satisfaction. Moreover, predictive analytics and machine learning algorithms are being utilized for demand forecasting, effectively minimizing food waste and optimizing inventory management.

2024 120

2024 Dietary Restrictions Customer Experience Customer Service 120

Modern Restaurant Management

JULY 8, 2020

When point of sale (POS) systems were introduced, restaurants learned they could provide better service to guests and improve business decisions and management. One year ago we walked into a Cambridge, Massachusetts restaurant for the first day of field research. Our palms were sweaty from the excitement and anxiety.

Hospitality 201

Hospitality Technology Mobile Ordering Food Safety 201

Modern Restaurant Management

MAY 5, 2022

Furthermore, it also improves food safety and minimizes waste; moreover, it will contribute directly to your bottom line, which has seen participation from Walmart and Nestle. Crypto has not made up a big portion of Starbucks' overall sales, but this collaboration is significant nonetheless.

Serving 172

Serving Loyalty Program Food Supply Point of Sale 172

Modern Restaurant Management

APRIL 5, 2022

The result was a 25% percent spike in sales in just two months. The Postmates app is responsible for finding employees, managing inventory from suppliers, operating the business, and operating the kitchen, while the brands receive a royalty from its sales. Ghost Kitchen to emerge as the New Normal in the Post-Pandemic Era?

Online Ordering 179

Online Ordering Point of Sale Website Management Inventory 179

Modern Restaurant Management

MAY 4, 2021

Cloud-based labor management software uses predictive algorithms to analyze historical sales data to create optimized schedules based on the labor needs during different times of day and days of week. This helps you walk the line of great service with as little wasted time as possible. Here’s why. Smart Scheduling Assistance.

Management 216

Management Management Point of Sale 2000 216

Restaurant365

APRIL 14, 2020

No matter what business model your restaurant is operating on, managing your restaurant inventory helps you prevent waste, lower your food cost, and maximize your bottom line. Instead, focus first on which menu items are your most profitable and popular, based on your recipe costing and historical sales.

Inventory 109

Inventory Delivery Management Management 109

BNG Point of Sale

AUGUST 27, 2021

The two main ways to widen your profit margins are increasing sales and decreasing costs: . Increasing sales volume . Gross profit is the amount of money that was earned in total before any expenses. The average gross profits for restaurants are about 70%. Kitchen Gross Profit Margin and Food Cost .

Food 52

Food Point of Sale Online Ordering Loyalty Program 52

BNG Point of Sale

NOVEMBER 19, 2021

A point-of-sale (POS) system is more than just a way to ring up customers. POS is short for Point-of-Sale. Beyond simply logging a transaction, a digital POS software uses your sales information to do more. A POS can bring all aspects of your business together with its integration features. What is a POS System?

POS 52

POS Operations Loyalty Program Point of Sale 52

Bingage

OCTOBER 31, 2019

The modern CRM software helps businesses grow and sustain customer relationships for long-term sales. Data from various interaction points, purchases, and support requests are instantly gathered, stored, and managed within a centralized environment. It’s going to be a waste of time and resources as well.

Innovation 40

Innovation Email Marketing Point of Sale Customer Experience 40

Focus POS

DECEMBER 4, 2020

Fortunately, choosing an innovative and intuitive online ordering system that integrates with your point of sale doesn’t have to be complicated. Fortunately, choosing an innovative and intuitive online ordering system that integrates with your point of sale doesn’t have to be complicated.

Online Ordering 146

Online Ordering Ordering Mobile Ordering Point of Sale 146

Modern Restaurant Management

JANUARY 12, 2022

71 percent rely on delivery for 11 percent or more of sales. 33 percent rely on delivery for more than 20 percent of sales. 65 percent rely on mobile ordering for 11 percent or more of sales. 25 percent rely on mobile ordering for more than 20 percent of sales. Investment in delivery and mobile ordering pays off.

2022 203

2022 Mobile Ordering Guest Recovery Point of Sale 203

BNG Point of Sale

SEPTEMBER 2, 2021

The margin varies depending on several distinct factors, such as location and type of cuisine served. . Understanding profit margins is a vital skill to the success of any restaurant business and common restaurant operations. As a result, many restaurants work to the 30,30,30,10 rule, which looks something like this: . 30% food costs .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Harbor Touch

DECEMBER 20, 2022

A POS system helps streamline operations by giving managers real-time access to sales data, inventory levels, and order status updates. Innovating online ordering. One of the biggest trends in the industry is innovating online ordering. Enabling better decision-making.

Loyalty Program 78

Loyalty Program Online Ordering Kitchen Safety Customer Experience 78

Modern Restaurant Management

DECEMBER 16, 2021

With current supply chain issues and these brands already operating under thin margins, we expect operators to be strategic when it comes to menu sizes, limited offerings and daypart offerings to limit waste, cut costs, and maximize profitability. We also foresee a lot of companies will redesign locations even further to maximize efficiency.

2022 173

2022 Food Supply Back of House Kitchen Safety 173

The Restaurant Group

NOVEMBER 24, 2022

Zero Waste and Sustainability Research suggests that more and more consumers prefer to support restaurants with lower carbon footprints. They are demanding full transparency on ingredient sourcing, waste output, and emissions from food production processes. This strategy also improves their marketing and advertising ROI.

2023 88

2023 Consumer Goods Advertising Customer Experience 88

Modern Restaurant Management

NOVEMBER 15, 2022

Consider resizing menu items down, especially if you notice consistent food waste from a specific item. Ben Johnston is the Chief Operating Officer of Kapitus. 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.

Pricing 177

Pricing Food Supply Seasonal Menu Menu 177

Apicbase

MAY 8, 2024

It helps you track waste and theft to better control running costs. The right restaurant management software significantly enhances efficiency and control of operating costs. MarketMan offers tools for automating invoicing, recipe costing, and food cost calculations, making it a popular choice among restaurateurs. Who is MarketMan for?

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Modern Restaurant Management

JULY 30, 2021

Participants in MyChange with SaverLife receive access to the national SaverLife platform and the opportunity to participate in national savings challenges, access financial education articles, engage in forums and accumulate redeemable points for a chance to win prizes. “We are very excited about our partnership with SaverLife. .

Franchise 194

Franchise Franchising Fast Casual Point of Sale 194

Goliath Consulting

FEBRUARY 8, 2022

The restaurant industry has been slowly adopting new innovative technology and digital solutions as of recent. Recently, restaurants have been using QR codes to innovate their ordering systems. Having said that, this helped restaurants reduce paper waste, printing, and limited contact in between customers and workers.

2022 78

2022 Technology Online Ordering Customer Service 78

Restaurant365

OCTOBER 30, 2020

Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Successful companies, in any industry, are always innovating. In a restaurant, there’s always something that needs to be done. Of course, being active on the floor, interacting with your team and your customers, is important.

Operations 78

Operations Management Management Inventory 78

Tableo

JULY 19, 2023

Integration with POS Systems : Seamlessly integrated with the restaurant’s point-of-sale (POS) system, to ensure accurate record-keeping and synchronisation of payments. TRY IT FREE Stop wasting time when managing restaurant reservations Save time, reduce stress and fill your restaurant while you sleep. New to Tableo?

Technology 75

Technology Point of Sale Customer Experience Reservations 75