Modern Restaurant Management

DECEMBER 30, 2020

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. After the holidays, focus on inventory management improvements and keep inventory lean.

2020 211

2020 Merchandise Retail Point of Sale 211

Open for Business

MAY 16, 2024

Integrate reservation and ordering systems Streamline your customer experience by connecting your reservation management systems and any other third-party ordering platforms you use for takeout/delivery. Consider components like the navigation bar, home page sections, menu, press coverage, and photo galleries.

Website Management 78

Website Management Email Marketing SEO Seasonal Menu 78

Deliverect

MARCH 17, 2020

This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels. It can also be challenging to manage cancelled reservations. A creative way to do more business would be to sell recipes, ingredients and/or merchandise online.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

7 Shifts

MARCH 27, 2020

Consider things like merchandise sales, inventory sales, or private cooking lessons. Manage expectations by creating a timeline for updates. Manage your 7shifts account Reach out to 7shifts Support to request a temporary hold. If your restaurant must close completely, are there any other ways that it can generate revenue?

Social Media 312

Social Media Restaurant Law Employee Relations Communication 312

Perfect Daily Grind

JUNE 16, 2022

Scott Guglielmino is the Global Product Manager at La Marzocco. Furthermore, Cropster Roast can also help roasters keep track of their inventory, to make sure it stays as fresh as possible and that they can keep up with demand. For baristas, there are a number of variables which must be managed during extraction.

Café 141

Café Supplies Technology Merchandise 141

Aaron Allen & Associates

MARCH 29, 2024

The menu’s design has a direct impact on operational aspects, including kitchen workflow, inventory management, and labor costs. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though.

Innovation 52

Innovation Menu 2024 FOH 52

Goliath Consulting

JUNE 8, 2019

Every bar/beverage manager can tell you about their distributors purchase incentives. Your bar gets free product to try out different flavors or drop the price on name brand spirits, the distributor keeps their inventory fluid and product shipping. Are you utilizing every perk your distributors and suppliers can bring to the table?

Bar 100

Bar Email Marketing Merchandise Equipment 100

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. There are mobile payment processing solutions like PayAnywhere, and also some traditional point of sale systems have mobile apps, giving you the power to track sales and inventory when on the go.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

Lavu

MARCH 27, 2020

The words “restaurant management system” rarely cause excitement. While service and food remain the most important parts of driving your business, your restaurant’s management system is what keeps it running smooth and healthy. Restaurant Management Is Evolving Rapidly Too. A Historical Look at the Evolving Restaurant.

Point of Sale 78

Point of Sale Front of House Mobile Ordering Back of House 78

Cheetah

AUGUST 28, 2020

Instagrammable merchandise like T-shirts is a relatively simple way of reaching that lifestyle vibe and driving social media engagement. It is much easier to streamline inventory management and drive food costs down with a smaller menu. In fact, it is a way to manage a restaurant brand without ever actually meeting the diners.

Online Ordering 117

Online Ordering Customer Service Customer Experience Small Business 117

7 Shifts

JULY 16, 2021

See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. Shelving if you're selling merchandise like hats or t-shirts. See why 500,000+ restaurant pros choose 7shifts for scheduling and team management.

License 459

License Hiring Equipment Point of Sale 459

Mad Mobile

MARCH 1, 2024

Real-time table management Restaurant tablets provide real-time data about table turnover, allowing your staff to adjust seating easily to maximize efficiency. You can also manage your waitlist and reservations more effectively so that all guests are seated in a reasonable time frame. Tablets bring new possibilities to the table!

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

BNG Point of Sale

OCTOBER 8, 2021

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. It’s a cloud-based system, but also works offline, and offers benefits for retail employees, managers, and owners onsite at a store and from any other location. Immediate Access to Inventory.

Retail 52

Retail POS Mobile Ordering Cash Management 52

The Restaurant Times

OCTOBER 5, 2020

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. Employ a POS system that comes with comprehensive recipe management and inventory management features.

Operations 52

Operations Equipment Merchandise Food Order 52

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. There are mobile payment processing solutions like PayAnywhere, and also some traditional point of sale systems have mobile apps, giving you the power to track sales and inventory when on the go.

Point of Sale 45

Point of Sale Mobile Ordering Merchandise POS 45

The Restaurant Times

DECEMBER 22, 2021

A steady increase in the number of customers and order frequencies meant a steady increase in the GMV (gross merchandise value) of restaurants. . It can store data, integrate with other platforms, as well as streamline employee, customer, and inventory management processes. What Are The Features You Need?

License 52

License Loyalty Program POS Point of Sale 52

Apicbase

MARCH 17, 2023

Recommended read: 85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023 Here we go! You can use technology to optimise or automate various tasks , such as inventory management and ordering, which helps reduce errors and increase efficiency.

Customer Experience 52

Customer Experience Consumer Goods Food Supply Customer Service 52

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

BNG Point of Sale

AUGUST 27, 2021

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

The Restaurant Times

APRIL 19, 2021

The food truck should be well equipped with an advanced kiosk system or POS software to take orders easily amidst the rush, securely manage the bills & reports, and provide details of the inventory. However, POS software is a better choice than kiosks when it comes to managing restaurant or food truck operations. .

Food Truck 52

Food Truck Kitchen Safety Front of House Food 52

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Modern Restaurant Management

OCTOBER 29, 2019

It may be helping customers train their teams on cooling requirements and rotating of fresh inventory, discussing the pros and cons of fresh cut vs. commodity produce, shipping concerns. This is a great way to usher in some innovative ways to create your brand image and personality.

Innovation 145

Innovation Menu Back of House Front of House 145

Apicbase

OCTOBER 14, 2022

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. To calculate your actual food cost, add the value of your starting inventory and your purchases, and then subtract the value of your ending inventory from the total. What is revenue? Why should you care?

Franchise 52

Franchise Franchising Loyalty Program Online Ordering 52

BNG Point of Sale

JULY 16, 2021

For example: merchandising at your location or online sales of food items; consumer packaged goods such as dinnerware, cookbooks, aprons; phone orders where you take credit card information on-site to charge later when the delivery arrives. What Is Restaurant Revenue? Average Restaurant Revenue for a Second Location.

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52

The Restaurant Times

AUGUST 31, 2020

Beginning Inventory + New Inventory Purchased – Ending Inventory = Total Food Usage in a particular period. . The period cost can determine food cost, beverage costs, and merchandise cost. Make sure that you are comparing the right inventory and purchase period to the correct sales period. .

Inventory 52

Inventory Management Management Food 52

Apicbase

MARCH 28, 2024

In this guide, we’ll examine the definitions and calculations for different types of restaurant profit margins and discuss the best ways to improve them through better inventory and purchasing management, tech integrations, and analytics. What Is a Restaurant’s Profit Margin? They typically see profit margins of about 3% to 6%.

Food Truck 52

Food Truck Front of House Allergens Inventory 52

Modern Restaurant Management

JANUARY 2, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. In the next year, this role will also include helping them with order management during peak times. The impact of these technological shifts is multifaceted.

2024 197

2024 Fast Casual Insurance Food Safety 197

Cheetah

AUGUST 17, 2021

As restaurants continue to explore new revenue streams in an ever-changing environment, restaurant merchandise is stealing the limelight as an innovative, fun product that does wonders to your bottom line. It is estimated that over 25 billion dollars will be spent in 2021 on physical promotional merchandise. Reading Time: 4 minutes.

Merchandise 78

Merchandise Marketing Loyalty Program Cash Management 78

Squirrel Systems

MAY 17, 2024

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. This could include offering catering services, launching a food truck, or selling branded merchandise.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

The Restaurant Times

NOVEMBER 11, 2021

From operational efficiency to customer experience, restaurant management has several obstacles. Here are the six significant restaurant apps that smart restaurateurs rely on the most for efficient and streamlined business management. Managing everything in a busy kitchen can be hard and hectic. Source: Twilio Customer Stories.

Management 93

Management Management Mobile Ordering Online Ordering 93

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. Get a 360-view of your sales & inventory data Adopt restaurant analytics software.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. This will streamline your inventory and give you better visual access to your shelves. Managing Food Pick Up and Delivery. Ordering and inventory control through uncertainty.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

MBB Hospitality

NOVEMBER 28, 2023

Financial Management and Cost Control In tough economic times, the meticulous financial oversight can make all the difference. This includes optimizing your inventory to reduce waste, negotiating with suppliers for better rates, and employing technology to streamline operations.

Loyalty Program 52

Loyalty Program Customer Service Customer Experience Social Media 52

BNG Point of Sale

OCTOBER 13, 2021

Inventory Management Support. Owning a convenience store is a time-consuming business, and it’s easy to lose track of crucial inventory information and stock management. With access to real time data and inventory management, your POS can help you reduce inventory costs and out-of-stock merchandise, at no extra cost.

POS 52

POS Point of Sale Cash Management Inventory 52

Rocket Fuel

JULY 12, 2022

Managing any business requires some number crunching, but when it comes to tracking profits, few businesses are as complex as restaurants. ” Other restaurant owners may utilize software to manage data from their stores, and that software should be able to create P&L statements on its own. Don’t do nothing.

Cash Management 52

Cash Management Download Merchandise Audits 52

Mad Mobile

MARCH 8, 2024

Most systems give you access to real-time data about your inventory and integrate with business apps that help you with restaurant management duties. Direct online ordering, merchandise sales, and tickets to special events are easily managed by your new POS. You’ll also have the power to explore new revenue streams.

Ordering 40

Ordering POS Online Ordering Mobile Ordering 40

BNG Point of Sale

JUNE 29, 2021

To get your CoGS for a given time period, take the value of your beginning inventory for a specific span of time, including any recent purchases. Then minus this total of your ending inventory. Beginning Inventory + Purchases – Ending Inventory = CoGS. Manage Your Food Costs Weekly to Avoid Drops in Profits.

Customer Service 52

Customer Service POS Point of Sale Food Truck 52