Modern Restaurant Management

NOVEMBER 30, 2023

Streamlining Inventory and Menu Studies show that restaurants waste an average of four percent to 10 percent of all the inventory they purchase. By delving into order histories and discerning customer preferences, operators can devise targeted loyalty initiatives or discounts.

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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 194

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

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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Modern Restaurant Management

FEBRUARY 5, 2024

In this edition of MRM Research Roundup, we feature pizza predictions, Valentine's Day menu trends and lots about loyalty. Consumers Love Loyal Eighty-five percent of consumers are joining loyalty programs, and restaurant merchants know they need to capitalize. According to the 21st Annual U.S.

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Modern Restaurant Management

JANUARY 3, 2024

In 2024, brands will continue to overcome the challenge of accessing and aggregating this valuable owned data to cultivate this level of hospitality and long-term brand loyalty. Stored value will also emerge as a critical element in loyalty programs, offering added flexibility and customer benefits. – Joe Hand Jr.,

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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 197

7 Shifts

DECEMBER 18, 2019

Create a fixed-price ‘Mix and Match’ menu with soups, salads, and sandwiches for customers to choose from. (If If you’re stuck on how to price, $9.95 With a BOGO (Buy One, Get One) deal, guests pay full price for their first item and receive a discount on a qualifying second item. is a common one.)

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Specials Food Truck Seasonal Menu Social Media 362

Modern Restaurant Management

OCTOBER 11, 2021

Beyond just rolling out new, outdoor-friendly menu items, operators can also utilize their POS system to create calculated promotions by first determining where to implement price cuts without negatively impacting the bottom line.

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Outdoor POS Front of House Seasonal Menu 197

Culinary Cues

AUGUST 28, 2020

Remember that guest chef program that you tried before – do it again with real gusto – hype it up – make it your signature. I don’t know what that means for your operation but take an inventory and look for the sensual interaction with guests. Social distancing is un-nerving in restaurant settings – how can you make it fun?

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Social Media Communication Loyalty Program Training 436

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.

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Point of Sale Back of House Document Download 397

The Rail

DECEMBER 11, 2023

Through leveraging advanced machine learning and real-time data, digital ordering platforms can be an incisive tool when it comes to brand loyalty and customer retention. The beauty of omnichannel ordering is that it can act as a powerful tool in providing inventory management.

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Loyalty Program Ordering Mobile Ordering Online Ordering 59

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.

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Operations Loyalty Program Food Safety Front of House 78

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. This could include introducing loyalty programs, special offers, or custom menus based on customers’ past purchases. Introducing kitchen automation.

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Loyalty Program Online Ordering Kitchen Safety Customer Experience 78

Modern Restaurant Management

MAY 31, 2022

ERP systems streamline and automate inventory management, provide real-time low-stock notifications, allow users to download critical data, and improve overall visibility into the business. Restaurants should consider what reports they can pull from a potential POS system and research other software prices and features.

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Point of Sale POS Download Loyalty Program 196

Focus POS

JANUARY 15, 2020

Tighter inventory control. Your restaurant POS systems helps reduce costly errors by improving order entry accuracy, and can optimize your pricing to ensure you get the best profit margin possible. Inventory Tracking. Aside from your labor, your inventory is one of your largest expenses. Improved marketing.

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POS Front of House Loyalty Program Inventory 151

Modern Restaurant Management

MAY 9, 2023

Worryingly, in the same study 3 in 5 respondents said a business would lose their loyalty if what they’re offered is “un-personalized.” A recent survey found almost half of consumers said they would become repeat customers of a business that offered a personalized experience.

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Mobile Ordering Customer Experience Loyalty Program Seasonal Menu 177

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.

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Seasonal Menu Food Waste Loyalty Program 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.

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2023 Hospitality Loyalty Program Email Marketing 78

Squirrel Systems

MAY 25, 2021

Examples of extended functionality include adding online order processing from third-party delivery platforms, delivery, and loyalty and gift cards to your POS. Inventory management software makes it easy to do so right from your restaurant POS. We look at this more deeply in the next section.

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POS Loyalty Program Cash Management Point of Sale 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.

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Loyalty Program Download Document Point of Sale 78

Modern Restaurant Management

OCTOBER 18, 2022

Historically high gas prices are pushing consumers towards EV options. Tech tools can help boost efficiency, reduce waste, staff smarter, as well as improve inventory, ordering, inspections, and more. It’s not enough to implement strict QA programs in your restaurant. The spike in EV sales is due to a few key factors.

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Audits 2040 Food Safety Consumer Goods 189

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.

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Management Management Mobile Ordering Point of Sale 120

Cheetah

MAY 11, 2021

Once you have a grasp on your establishment’s total allowed capacity, give some thought to the following: Inventory stock Back of house staff Social distancing and a better dining experience These 3 key pillars can make the difference between a streamlined restaurant reopening and a stalled one. Stock Up on Inventory.

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Back of House Front of House Food Supply Coaching 148

Restaurant365

JUNE 4, 2021

If you haven’t yet started a loyalty program, consider implementing one. Reward programs can engage your customers, encouraging them to visit more often and participate in specials. Loyalty programs can also include incentives to encourage referrals, which is a win-win for both your loyal customer and your restaurant.

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Loyalty Program Point of Sale Inventory Customer Service 78

Modern Restaurant Management

DECEMBER 16, 2021

We expect restaurants to place more emphasis on these things given increased competition in the space as operators aim to increase brand loyalty both internally and externally. Operators should gravitate towards technology to automate inventory and track costs and sales to determine the best course of action. Smaller menus in general.

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2022 Food Supply Back of House Kitchen Safety 180

Mad Mobile

FEBRUARY 29, 2024

In a food-focused model, things move slower, and the diner’s experience is the most important thing.  The best POS for your bar allows you to run open tabs, split checks, and track your inventory. Beyond that, they can adjust pricing throughout the day, store recipes for your staff, and let you know who’s pouring heavy.

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POS Bar Brewery Customer Service 40

The Restaurant Times

SEPTEMBER 29, 2021

Simplify Inventory Management. Setting up tools for managing inventory is the first step that you must take to build a robust restaurant business, as it directly impacts the bottom line. Depending on your restaurant’s sales and footfall, run point-based or visit-based loyalty programs to keep your regular customers.

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Loyalty Program Point of Sale Inventory Customer Service 52

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. Recommended Podcast: The new customer loyalty with Phil Crawford of CKE Restaurant.

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Seating Email Marketing Marketing SEO 221

Sling

JULY 24, 2023

In addition, Toast offers products ranging from payroll and tips management to inventory management , email marketing and more. UpMenu is an online ordering platform with a built-in customer loyalty system and options for building branded websites and apps. 12) UpMenu For many types of restaurants, online ordering has become essential.

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2023 Management Management Tip Distribution 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. Optimized CoGS starts with accurate and detailed inventory management , which informs all purchasing decisions. Implementing New Pricing. Minimizing Food Waste.

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Waste Cash Management Point of Sale Inventory 78

BNG Point of Sale

OCTOBER 13, 2021

For example, the software reports allow you to examine store sales in various ways and assist with inventory management—purchasing the correct number of items you need in a more timely manner. All of this can be integrated into your accounting and inventory software if you’re willing to spend the money.

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POS Point of Sale Cash Management Loyalty Program 52

Squirrel Systems

FEBRUARY 16, 2024

Enhancing Operational Efficiency Modern POS systems streamline operations, from order-taking and inventory management to customer relationship management and reporting. They support online ordering, mobile payments, and loyalty programs and can integrate with third-party delivery services.

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2024 Technology Menu Mobile Ordering 52

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

BNG Point of Sale

OCTOBER 15, 2021

Merchants who do not have large inventory or who do not require POS software’s more advanced features may operate just fine with a cash register. A POS better tracks inventory and alleviates employees from manually recording this time-consuming task. the wrong price or the wrong item) results in system failures.

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Retail POS Cash Management Point of Sale 52

Sling

AUGUST 9, 2023

A Guide for Managers March 2023 12 Best Restaurant Schedule Software Programs for Small Businesses March 2023 11 Expert Tips for Handling Scheduling Conflicts March 2023 Exempt Vs. Non-Exempt Employees: What’s The Difference?

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BNG Point of Sale

OCTOBER 13, 2021

Real-time, easy-to-change readings of stock, pricing and customers and employee statistics improve sales performance. A POS targets pinpointed messages that match customer interests, thus aiding marketing initiatives, including gift cards and loyalty programs. A POS system includes hardware and software. Credit card reader.

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POS Loyalty Program Point of Sale Cash Management 52