The Restaurant Times

OCTOBER 3, 2023

Charting a path that spans the domains of retail, e-commerce, and hospitality, Karl Goodhew’s story is a reflection of the remarkable possibilities that technology, innovation, and a relentless drive for change can create. Goodhew has a passion for technology and innovation and a vision for transforming the fast-casual dining industry.

Innovation 52

Innovation Fast Casual Retail Loyalty Program 52

Modern Restaurant Management

JUNE 18, 2021

The COVID-19 pandemic led to fluctuations in domestic producer prices, particularly in the food sector , according to the U.S. Combine the rising prices of food with the drive to be more sustainable, and we have reached the point where we need to reduce, reuse, and shop local. Rather than waste food, we can redistribute it.

Sustainability 199

Sustainability Tip Distribution Food Food Supply 199

Hot Schedules

APRIL 20, 2019

Five Ways to Reduce Waste. The Impact of Food Waste. US Restaurants generate between 22 and 33 billion pounds of food waste every year. All that waste adds up. The EPA estimates that food waste is the single largest category in any given landfill. First, all the resources required to produce it are wasted.

Waste 60

Waste White Paper Cash Management Inventory 60

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

7 Shifts

JANUARY 10, 2024

Inventory management Inventory management plays a huge role in a restaurant’s profitability, helping to reduce waste and control food costs. Reduced costs Waste is everywhere in the restaurant industry. Compared to manual processes, an RMS can drastically reduce waste.

Management 195

Management Management Point of Sale POS 195

7 Shifts

JANUARY 10, 2024

Inventory management Inventory management plays a huge role in a restaurant’s profitability, helping to reduce waste and control food costs. Reduced costs Waste is everywhere in the restaurant industry. Compared to manual processes, an RMS can drastically reduce waste.

Management 195

Management Management Point of Sale POS 195

Modern Restaurant Management

JANUARY 30, 2023

This also prevents the waste of costly oil and keeps food quality up to standard. Eliminating Waste Speaking of waste prevention: Imagine discarding $20,000 worth of inventory and closing for two days because of a malfunctioning walk-in cooler. © Modern Restaurant Management, 2023.

Technology 186

Technology Fast Casual Waste 2023 186

The Restaurant Times

JUNE 21, 2022

Along with your service and ambiance, restaurant menu and price innovation is a must for every restaurant that wishes to attract more customers and increase its sales. How To Market Your Restaurant’s New Menu And Pricing. Your new items on the menu will have new pricing. Attract More Critics & Influencers .

Pricing 52

Pricing Menu Marketing Social Media 52

7 Shifts

MAY 23, 2024

Your stiff competition requires innovative thinking and aggressive growth strategies to stay on top. Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. In this industry, one of the worst-case scenarios is running out of money.

Point of Sale 222

Point of Sale Seasonal Menu Food Supply Cash Management 222

7 Shifts

DECEMBER 18, 2023

Additionally, inventory management tools can help you prevent unnecessary waste. You’ll get detailed daily reports on price changes and even price forecasting. You can then use this information to adjust your menu, make purchasing decisions, or change your pricing. Food cost tracking tools include Meez and MarginEdge.

Management 195

Management Management Email Marketing Point of Sale 195

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Ultimately, those that have embraced a consumer-led journey are ahead and are working on ways to out-innovate their peers. Your supply chain is a good place to look for a leg-up on price, product, and consumer trust.

Supplies 215

Supplies Management Management Food Supply 215

7 Shifts

AUGUST 4, 2020

It’s no surprise the food industry leaves behind a large footprint—and while much of the supply chain is inevitable, there are many innovative and simple steps we can all take to reduce waste and our own carbon footprint. Takeaway: By showing your commitment to reducing plastic waste, you’ll encourage customers to do the same.

Waste 300

Waste Food Supply Seasonal Menu Equipment 300

Perfect Daily Grind

MARCH 18, 2022

bio bean’s product received an award from the “cofinitive #21toWatch” campaign, which recognises global innovation and entrepreneurship. Robusta prices rise in Brazil as a result of decreasing arabica production. However, the ICO Composite Indicator Price rose to 210.89 billion) in 2021.

Pricing 121

Pricing Webinar 2022 Social Media 121

Lavu

DECEMBER 20, 2019

Here’s what you need to know about these innovations for your back office tools — including which one might be right. Bill.com Reviews and Pricing. Pricing plans range from $29 to $59 per month per user, with the latter their most popular plan. wasted with outdated, manual ordering processes. The platform.

Pricing 78

Pricing Online Ordering Customer Service Small Business 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. 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.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Modern Restaurant Management

JANUARY 20, 2023

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. These occurrences can lead to increased waste, ultimately driving up costs that your business must eat.

Food 167

Food Food Supply Waste Food Safety 167

The Rail

MAY 15, 2024

Generally lower food prices than full-service restaurants. No restaurant model is perfect, but a counter service restaurant balances convenience and service efficiency while still providing a quality experience at an affordable price point. Lower labor costs with fewer servers/staff needed. More casual, relaxed dining atmosphere.

Fast Casual 52

Fast Casual Customer Service Customer Experience Fine Dining 52

Modern Restaurant Management

APRIL 10, 2023

Through tracking orders and managing produce, venues can also plan resources and product supply more effectively, reducing waste and saving costs. It’s imperative that the sector recognises that consumers now expect these types of innovations. Those who fail to keep up with the times risk losing out to the competition.

Technology 181

Technology Customer Service Online Ordering Hospitality 181

Modern Restaurant Management

JUNE 5, 2023

Such innovations will help not only to create a seamless service while removing some pressure from delivery workers, but also to expand these services to more locations and communities. Furthermore, AI can be an invaluable tool in helping restaurants inform pricing strategies and optimize revenue.

Dine-in 186

Dine-in Customer Service Customer Experience Inventory 186

Modern Restaurant Management

OCTOBER 16, 2023

. “While the fallout of the pandemic transformed restaurants, the industry is seeing a need to continue innovating and adapting. Nearly a third of restaurants (29 percent) are considering raising prices. More than half of consumers (55 percent) said they would tolerate a one – ten percent price increase.

Fast Casual 209

Fast Casual Fine Dining 2023 Casual 209

7 Shifts

AUGUST 4, 2020

It’s no surprise the food industry leaves behind a large footprint—and while much of the supply chain is inevitable, there are many innovative and simple steps we can all take to reduce waste and our own carbon footprint. Takeaway: By showing your commitment to reducing plastic waste, you’ll encourage customers to do the same.

Waste 222

Waste Food Supply Seasonal Menu Equipment 222

Perfect Daily Grind

JUNE 10, 2022

Robusta prices drop as Brazil continues 2022/23 harvest. Between 29 April and 31 May, robusta prices dropped by 10.57% to BRL 708.25 Arabica prices hit three-month high following on from Brazil’s drought concerns. Schultz returned to the company this year for a third time to replace Kevin Johnson. per 60kg bag (US 149.07

Pricing 126

Pricing Webinar 2022 Recycling 126

7 Shifts

MAY 31, 2021

For a restaurant to operate efficiently, it needs to be stocked up with the right amount of inventory – however, it can't be so stocked up that food waste becomes an issue. If it is overstaffed, the business wastes money on unnecessary labor. Reduce Food Waste. Use Restaurant Technology. Build a Restaurant Operations Manual.

Operations 363

Operations Inventory Hiring Customer Service 363

Modern Restaurant Management

OCTOBER 13, 2021

Restaurateurs, however, have options to mitigate these challenges with technological innovation. Low-power solutions draw much less power than higher-price cellular or Wi-Fi-enabled solutions to transmit data, which means devices last longer without the need for replacement batteries, resulting in a lower total cost of ownership.

Food Safety 244

Food Safety Equipment Customer Service Point of Sale 244

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. This will cause restaurants to innovate their offerings amidst reduced menu sizes.

2022 177

2022 Food Supply Back of House Kitchen Safety 177

Modern Restaurant Management

DECEMBER 28, 2023

Moreover, predictive analytics and machine learning algorithms are being utilized for demand forecasting, effectively minimizing food waste and optimizing inventory management. Dynamic Pricing Strategies : Using AI algorithms menu prices will be dynamically adjusted, based on factors optimizing revenue and adapting to real time market trends.

2024 120

2024 Dietary Restrictions Customer Experience Customer Service 120

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. Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees.

Loyalty Program 186

Loyalty Program Mobile Ordering Social Media Customer Experience 186

Apicbase

MAY 21, 2024

Operational realities like ingredient sourcing, kitchen workflow, pricing strategy, and branding play a role in menu development. Let’s look at how those two strategies differ: Menu Engineering Menu engineering requires a thorough analysis of price variables and a method to predict costs consistently.

Menu 52

Menu Dietary Restrictions Allergens Seasonal Menu 52

Modern Restaurant Management

MARCH 3, 2022

But what if by investing in technological innovation restaurants achieved both bottom- and top-line revenue growth? When you consider that the average three-year ROI on food waste reductions programs is 600 percent p, the impact on ROI becomes even greater. It’s possible by looking at the true ROI. Knowing Where the ROI lives?

Food 208

Food Food Safety Customer Service Customer Experience 208

Modern Restaurant Management

OCTOBER 6, 2022

Including every regular thing in the happy hours menu would be a waste as they are all about variety and giving people the chance to try something new. Instead of including your usual dishes, mix things up a bit and develop some innovative new offerings. Don't forget that the happy hour crowd is a price-sensitive bunch.

Loyalty Program 199

Loyalty Program Social Media Point of Sale Customer Experience 199

Open for Business

JANUARY 6, 2023

Add the stress of rising prices and food shipping snags, and the need to simplify menus became even more pronounced. “We Pricing became a flashpoint as well. Pricing became a flashpoint as well. Menu prices rose by 8.5% We are always looking to find ways in which there will be less waste. We recycle and compost.

2023 109

2023 Compost Recycling Waste 109

Harbor Touch

DECEMBER 20, 2022

Innovating online ordering. One of the biggest trends in the industry is innovating online ordering. Kitchen automation also helps reduce food waste by ensuring that all ingredients are used accurately. This could include introducing loyalty programs, special offers, or custom menus based on customers’ past purchases.

Loyalty Program 78

Loyalty Program Online Ordering Kitchen Safety Customer Experience 78

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. This agility is crucial for staying relevant in a market where culinary innovation is critical.

2024 52

2024 Technology Menu Mobile Ordering 52

Perfect Daily Grind

MAY 5, 2023

The group – which includes Veneziano Coffee Roasters, Black Bag Roasters, Coffee Hit, and Flight Coffee – implemented several new initiatives to receive the certification, including its Volunteer Time Off Policy and Parental Leave Policy, as well as improving waste management and coffee sourcing programmes. Naked Syrups, and Riverina Fresh.

2023 140

2023 Airlines Certification Seminar 140

Future Food

NOVEMBER 7, 2021

Re purposing It has been inspiring to see the commitment of modern food and hospitality operators in minimising their impact on the environment, through the reduction in food and equipment waste across the sector. This is not new and this is not the last year this will appear in this forecast, but it shows that this trend is here to stay.

2022 148

2022 Food Supply Entertainment Hospitality 148

Modern Restaurant Management

MAY 5, 2022

While high stock prices of crypto companies like Bitcoin grab headlines, they are gaining traction with consumers since blockchain technology helps make transactions easier without needing an intermediary such as a bank or credit card company. Innovative Loyalty Schemes. Lower fees per transaction.

Serving 185

Serving Loyalty Program Food Supply Point of Sale 185

7 Shifts

SEPTEMBER 19, 2019

Innovating: Identify issues in your restaurant—whether inventory or systems-related— and be willing to create solutions and processes to improve efficiency. Or, you can turn your puzzles into popular dishes by lowering the price. You can calculate it using the following formula: Food Cost/Food Price *100.

Management 284

Management Management 2019 Employee Relations 284