Modern Restaurant Management

JANUARY 31, 2024

Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?

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2024 Online Ordering Website Management 2023 204

Squirrel Systems

MARCH 3, 2024

In today’s competitive dining industry, maintaining profitability while keeping prices stable is a significant challenge for restaurateurs. High operating costs, fluctuating commodity prices, and the ever-evolving preferences of guests can all squeeze margins.

Pricing 52

Pricing Loyalty Program Waste Social Media 52

Modern Restaurant Management

JULY 28, 2022

Your inventory on hand. Loyalty Programs. When registering for a loyalty, your customers give you some of their information to qualify. Loyalty programs also allow you to collect behavioral data. Some things you can learn from your online ordering site: Is your pricing in line with your offerings?

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Loyalty Program Mobile Ordering Email Marketing Online Ordering 208

Modern Restaurant Management

FEBRUARY 3, 2022

Additional findings inlcude increased inventory costs caused the greatest financial strain for operators in 2021 with 33 percent citing it as their top expense, followed closely by rent (30 percent) and labor (30 percent). Now, more than half of all operators (57 percent) report offering a loyalty or rewards program of some kind.

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Loyalty Program Online Ordering Cash Management Point of Sale 195

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. While legacy POS systems are clunky and expensive to maintain, new cloud-based systems are flexible and easy to customize. In the cloud-based POS space, systems are designed for every type of restaurant and bar.

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POS Bar Brewery Customer Service 40

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. But, according to the same report, about 40 percent of consumers agree that with rising grocery store prices, it’s not necessarily cheaper to eat at home.

Marketing 198

Marketing Loyalty Program Email Marketing Coupons 198

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.

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Fast Casual Fine Dining Food Truck Loyalty Program 123

Squirrel Systems

MAY 25, 2021

Restaurant POS Software Integrations The POS has been around for close to 150 years but looked and operated very differently back then to what we commonly see in restaurants, hospitality businesses, or retail spaces today. POS technology is one of the most significant investment decisions that restaurant owners make today.

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POS Loyalty Program Cash Management Point of Sale 52

BNG Point of Sale

OCTOBER 13, 2021

Types of Point-of-Sale (POS) Systems. Point-of Sale (POS) systems are increasingly powerful tools for improving sales and profits. Business owners have many POS systems from which to choose. Business owners have many POS systems from which to choose. Different Types of POS Systems. Features of a POS System.

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POS Loyalty Program Point of Sale Cash Management 52

The Restaurant Times

JUNE 6, 2023

Restaurant management software revolutionizes food establishments’ operations by providing efficient tools to manage inventory and control costs. With the complexities of running a restaurant, tracking inventory manually can be time-consuming and prone to errors.

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Inventory Management Management Food Supply 52

BNG Point of Sale

OCTOBER 15, 2021

Advantages of POS System for Retail. POS System Advantages And Benefits For Retail Stores. A POS helps retailers save time and money and allows them to focus on their customers. A POS helps retailers save time and money and allows them to focus on their customers.

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Retail POS Cash Management Point of Sale 52

BNG Point of Sale

OCTOBER 13, 2021

The Advantage of a Point-of-Sale (POS) System for a Convenience Store. Benefits of a POS System for Your Convenience Store. You can satisfy customers and make more sales with an upgraded POS. For example, it’s possible to connect a POS terminal to a server in the backroom or another location.

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POS Point of Sale Cash Management Loyalty Program 52

BNG Point of Sale

OCTOBER 13, 2021

Convenience Store POS System Costs. Costs to be Aware of When Considering a Convenience Store POS System. A POS system for convenience stores is an invaluable asset and one of the most important business management tools for convenience store managers. A convenience store POS system includes hardware and software: POS Hardware.

POS 52

POS Cash Management Point of Sale Equipment 52

7 Shifts

DECEMBER 18, 2019

Have a look at your restaurant POS analytics to determine what your best sellers are and see if you can create a quick and easy to-go version. Create a fixed-price ‘Mix and Match’ menu with soups, salads, and sandwiches for customers to choose from. If you’re stuck on how to price, $9.95 is a common one.)

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Specials Food Truck Seasonal Menu Social Media 362

Modern Restaurant Management

MAY 31, 2022

For example, basic point of sale (POS) systems or integrated restaurant management systems are useful digital tools that enable data reporting. Aside from gathering reports from a POS system, some restaurants will leverage other types of software that are beneficial to improving the restaurant’s performance.

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Point of Sale POS Download Loyalty Program 197

BNG Point of Sale

SEPTEMBER 8, 2021

POS System Vs Cash Register: What’s The Difference? . POS System Vs Cash Register . There have been many cases where traditional cash registers–even with their benefits–have been abandoned for the POS system. . A simple purchase like buying a purse can be recorded in detail by the POS register.

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POS Cash Management Point of Sale Loyalty Program 52

BNG Point of Sale

OCTOBER 8, 2021

Mobile POS For Retail: How Retail Businesses Boost Sales with Mobile Devices. When you think of a point of sale POS system in retail, a cash register likely comes to mind. It’s called Mobile POS. This article examines how Mobile POS improves business operations. What is Mobile POS? What is Mobile POS?

Retail 52

Retail POS Mobile Ordering Cash Management 52

Modern Restaurant Management

DECEMBER 21, 2022

Slow movers tie up inventory -and the cash needed to by that inventory. Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. Review menu items and strip away the slow movers.

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2023 Loyalty Program Mobile Ordering Customer Experience 198

Harbor Touch

DECEMBER 20, 2022

By using POS business systems , restaurants can process orders more quickly and accurately than ever. A POS system helps streamline operations by giving managers real-time access to sales data, inventory levels, and order status updates. Transforming customer service. Innovating online ordering. Introducing kitchen automation.

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Loyalty Program Online Ordering Kitchen Safety Customer Experience 78

Sling

MAY 9, 2023

For more suggestions on how to build strong relationships at work, check out these articles from the Sling blog: How to Have a Strong Employee/Employer Relationship 12 Leadership Theories And Styles For Managers 2) Improve restaurant security A strong RO program will also include some form of security. Here’s how to achieve that.

Operations 78

Operations Loyalty Program Food Safety Front of House 78

7 Shifts

OCTOBER 31, 2022

But give an idea of some dishes or drinks with projected price points. Sticking with the above example of a coffee shop, you may want to talk about your restaurant advertising ideas for millennials, like using TikTok marketing to promote your menu items and an app-based loyalty program. Inventory management systems.

Point of Sale 397

Point of Sale Back of House Document Download 397

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. We’ll explore software for inventory management, restaurant payment and billing, food delivery, dashboards, restaurant onboarding, reservation management, and ERP systems.

Management 120

Management Management Mobile Ordering Point of Sale 120

Squirrel Systems

FEBRUARY 16, 2024

In this article, we delve into the anticipated restaurant and menu trends for 2024 and explore how technology, particularly advanced point-of-sale (POS) solutions, can enable restaurateurs to ride the wave of these trends successfully. This agility is crucial for staying relevant in a market where culinary innovation is critical.

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2024 Technology Menu Mobile Ordering 52

Lavu

NOVEMBER 18, 2022

Include information about competitors’ menu options, pricing, hours, and location. Customer Database & Loyalty Program: Explain how you plan to re-engage customers once they visit your pizzeria. Outline a plan to create a customer database or loyalty program that will bring existing customers back again.

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Sling

JULY 24, 2023

7) Toast POS Toast is one of the most popular options for point of sale (POS) needs in restaurants, coffee shops , and bars. In addition, Toast offers products ranging from payroll and tips management to inventory management , email marketing and more. 9) Clover Another POS software solution serving restaurants is Clover.

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2023 Management Management Tip Distribution 78

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Business loan.

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License Hiring Equipment Point of Sale 459

Apicbase

MARCH 28, 2024

These include food production and inventory management. The department is responsible for purchasing and managing inventory, food preparation, cooking and plating, menu planning and pricing, food safety, and hygiene. Inventory turnover – is a metric used to determine how rapidly your inventory sells.

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Back of House FOH BOH Front of House 52

Open for Business

MAY 19, 2023

And showing that you’re aware of the latest trends can attract new guests, build loyalty, and raise your profile. Inventory management software updates stock levels based on POS data on what guests order. They can even be set to trigger an automatic reorder when inventory drops below par.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

Open for Business

OCTOBER 20, 2023

Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. Of course, none of the above matters if your pricing isn’t spot-on. Ever notice how some menus list prices as ’10’ instead of ‘$10.00’?

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License Email Marketing Seasonal Menu Front of House 78

Focus POS

JUNE 17, 2019

What is restaurant point of sale (POS) software? Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. Generic POS systems may not have all of the features and capabilities that a restaurant needs. Restaurant Point of Sale Software.

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Point of Sale Cash Management POS Franchise 113

Restaurant365

JUNE 4, 2021

If you haven’t yet started a loyalty program, consider implementing one. Many restaurant management systems or Point of Sale (POS) systems now have the tools and features you need to implement rewards. Reward programs can engage your customers, encouraging them to visit more often and participate in specials.

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Loyalty Program Point of Sale Inventory Customer Service 78

The Restaurant Times

FEBRUARY 28, 2023

Modern POS systems, for instance, can show you metrics like the frequency of requests for extra ingredients. Therefore, it is preferable for them to focus on extracting value from the data their POS is already producing. For instance, ask your guests to join a mailing list or rewards program. How Do Restaurants Gather Data?

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

BNG Point of Sale

MARCH 9, 2020

If you’re new to the business, a “point of sale” or POS system is a piece of technology in which hardware and software components are used to take payments from customers. A POS system includes the entire network of systems that come together to manage the transaction process for a business. The basics of a POS system.

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Point of Sale POS Loyalty Program Inventory 95

Focus POS

DECEMBER 4, 2020

An online ordering solution that improves efficiency should be intuitive, allowing restaurant managers to update menu items and prices easily. This data will also hand you better control over your inventory, reducing ingredient waste, and saving you dollars. Can it help generate additional revenue?

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Online Ordering Ordering Mobile Ordering Point of Sale 146

7 Shifts

NOVEMBER 1, 2022

They're people leaders, customer service providers, line cooks, inventory managers, occasional bartenders, public relations reps, number crunchers, and even marketers. Can you undercut their prices, or out-market them? Loyalty programs. Many POS providers have this built in. Many POS providers have this built in.

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Seating Email Marketing Marketing SEO 221