Xtra Chef

NOVEMBER 18, 2020

Food waste is a serious environmental and humanitarian issue. But restaurant food waste poses a huge problem for overall profitability in the business: The U.S. Department of Agriculture estimates that restaurants waste $162 billion in food each year. After all, when food is wasted at a restaurant, money and profits are, too.

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Waste Food Front of House Compost 110

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

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Inventory Management Management Food 78

7 Shifts

AUGUST 6, 2021

Staff scheduling, inventory management, menu analysis , guest satisfaction, profitability, and so much more rest on the shoulders of accurate restaurant forecasting. On a micro level, forecasting helps a restaurant plan for inventory orders and how many employees need to work each shift to make and sell food.

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Seasonal Menu Point of Sale Inventory Food Supply 370

Lavu

NOVEMBER 17, 2023

Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin. Despite increasing competition from fast-casual restaurants, they adapt menus, service, and experiences to stand out and offer the best deal.

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Fast Casual Fine Dining Food Truck Loyalty Program 123

Mad Mobile

FEBRUARY 26, 2024

Are you keeping a close eye on your beer, wine, & liquor inventory costs? It also has one of the most complex stock lists. Because liquor, wine, and beer have such wildly varying prices, it pays to keep tight controls on ordering and inventory. Operators who calculate their cost of sales add 2–10% to their bottom line.

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Restaurant365

JANUARY 28, 2020

Forecasting for restaurants is estimating key metrics like future sales, customer traffic, or menu item ordering mix based on historical sales data, economic trends, or market analysis. How to forecast your restaurant inventory. Inventory Projections. What is forecasting for restaurants? Profit expectations.

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Inventory Seasonal Menu Employee Relations Customer Experience 145

7 Shifts

JUNE 4, 2021

Inventory turnover ratio. Ideal menu price. To put it simply, your cost of goods sold is how much it costs you to produce a menu item. As you add together all of your menu items, you can determine the total cost of everything (to you) that you sell to your guests. Ending inventory , or what you have leftover.

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Point of Sale Inventory Employee Relations Customer Service 416

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. But having too little inventory makes it difficult to meet customer demand. Part 2: Why Inventory Management Matters.

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Inventory Management Management Cash Management 78

Modern Restaurant Management

JULY 24, 2023

AI can also improve sustainability within restaurants – and throughout their supply chains – with huge benefits that include waste and carbon emissions reduction, cost savings, and meeting consumer demand. And AI-based systems can offer more sustainable options for menu items and food sourcing. Driving KPIs.

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Supplies Sustainability Food Supply Food Safety 167

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.

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Waste Food Compost Tip Distribution 59

Restaurant Engine

AUGUST 2, 2020

Restaurant owners implement Enterprise Resource Planning (ERP) solutions for inventory management and real-time low stock notifications. Also, when inventory levels fall below par, an ERP system will prompt a manager to re-stock, or even automatically place an order to a supplier.

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Inventory Management Management Point of Sale 80

Culinary Cues

AUGUST 7, 2021

So, first step – let’s refer to it as a challenge. Menu item profit margins are typically low, making it difficult for restaurants to find the reserves to pay better wages – why? Restaurant waste nips away at profitability – why? – Quality of life for career restaurant employees is not that desirable. Why is this the case?

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Social Media Cash Management Blog Equipment 474

7 Shifts

MAY 23, 2024

Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. This can reduce your budget for ingredients and, at the same time, minimize food waste. Most restaurants try to keep it at around 30% to be safe.

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Point of Sale Seasonal Menu Food Supply Cash Management 195

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. It can be calculated for each menu item or as an average for the whole business.

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Food Truck Front of House Allergens Inventory 52

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. While restaurant reporting refers to your numbers, restaurant analytics, on the other hand, provide actionable insights. With POS integration, you can automate tracking your theoretical inventory based on sales.

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Point of Sale POS Inventory Seasonal Menu 147

Modern Restaurant Management

MARCH 18, 2024

Chef driven fast casual restaurants feed consumers’ desires for high quality menu items delivered quickly and on the go. Eight-six percent of dames surveyed agreed that chef driven fast casual restaurants are filling a consumer desire for high quality menu items. What do you think are the biggest changes since the last survey?

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2024 Fast Casual Food Truck Allergens 189

Modern Restaurant Management

FEBRUARY 4, 2022

Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady. Simplified Menus. Menu variety plays a substantial role in every dining experience. Health-Conscious Food Will Dominate Menus.

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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. The executive chef manages the kitchen team and oversees menu creation and food production.

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Culinary Cues

SEPTEMBER 27, 2023

So, let’s take inventory. STRUCTURE Many of us secretly enjoy the structure of a kitchen, the chain of command, the organization that is so critical (mise en place) and the reference to time tested cooking methods. How we approach this determines our assessment of what we have chosen to do for a career.

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Employee Relations Fine Dining Training Communication 389

Apicbase

APRIL 11, 2024

The success of a food service business depends on how well its restaurant managers manage purchasing and inventory and how good the chefs are at creating profitable recipes. Restaurant back office software refers to digital tools used by restaurants to manage back of house operations and administrative tasks.

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Operations Back of House Allergens Front of House 52

Restaurant365

MAY 20, 2020

For example, your daily sales numbers show you which menu items are the most profitable and popular as well as the times when the most orders are placed. Using this data, you can pare down your menu to include only star items and predict the number of employees needed to assist during the busiest order times. Manage Your Inventory.

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Inventory Food Order Customer Experience Waste 148

Restaurant365

JUNE 22, 2021

Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Preventing food waste from happening in the first place is the best thing you can do to save on your food cost. 12 tips to keep your kitchen staff focused on food waste reduction.

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Compost Food Waste Front of House 88

Goliath Consulting

JUNE 15, 2021

Inventory Estimates. It has also been a time-consuming and challenging process to develop an efficient inventory estimate as many businesses had to rely on historical data over current patterns. This has resulted in under-ordering (and dissatisfied customers) or over-ordering (and increased waste). Menu Changes and Flexibility.

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Supplies Food Supply Fast Casual Front of House 165

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest. It’s Challenging.

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Mobile Ordering Point of Sale Cash Management Food Supply 148

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. For example, you can use sales data to track trends in customer spending and identify your most profitable menu items. Get a 360-view of your sales & inventory data Adopt restaurant analytics software.

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Point of Sale Inventory Waste Employee Relations 52

OneDine

SEPTEMBER 26, 2023

From menu engineering to leveraging loyalty programs and instant guest feedback, these secrets are key to ensuring the long-term success of your restaurant. Menu Engineering: The Art of Profitability Menu engineering is a strategic approach to designing your menu that goes beyond listing dishes. Get specific.

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Loyalty Program Social Media Sustainability Waste 52

Tableo

JUNE 28, 2023

The total of your restaurant’s two biggest costs, food and labour, is referred to as the prime cost. Update your inventory frequently to account for variations in stock levels. Include the cost of all the items used when calculating the price of each menu item. Cross-reference the counts with your inventory records.

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Audits Inventory Reference Download 40

Deliverect

AUGUST 31, 2020

Start off simple: streamline your menu. The first thing you should consider is streamlining your delivery menu. Plus it also allows you to reduce your inventory cost as well as waste. Also, though it sounds obvious, don’t forget to consider transportability when revizing your menu. So why not cater to them?

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Delivery Front of House Point of Sale Back of House 146

Sling

APRIL 27, 2023

Restaurant operations management (sometimes referred to as ROM) is the set of processes and procedures that provides a framework for all of the day-to-day activities of your business. But it’s about more than just ordering as much inventory as your storage spaces can hold and hoping for the best.

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Operations Management Management Inventory 78

The Restaurant Times

FEBRUARY 28, 2023

Restaurant analytics refers to the process of assessing your restaurant’s data to gain meaningful data to enhance your restaurant’s overall performance. Data on operations also include your menu, staffing, and sales. Menu Decisions The menu is the restaurant’s heartbeat. What Is Restaurant Data Analytics?

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Operations Point of Sale Seasonal Menu Customer Experience 52

Culinary Digital

FEBRUARY 23, 2023

Global agriculture wastes over 28% of its products, according to reports. World hunger, climate change, economic insecurity, and increasing stress on limited resources are all caused by food loss and waste. Food quality and safety refer to our handling of fresh produce, raw materials, and ingredients. Annually, the U.S.

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Sustainability Food Agriculture Food Safety 52

BNG Point of Sale

SEPTEMBER 7, 2021

This is because CoGS are measured by inventory count rather than individual dishes or drinks. CoGS is how much it costs you to produce a menu item. The cost of goods sold is also referred to as the “cost of sales.” Cost of goods sold (CoGS) includes all the costs and expenses related to the making of the menu item.

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Point of Sale Inventory Food Supply Seasonal Menu 52

Restaurant Engine

JANUARY 26, 2022

This also refers to the last line on your restaurant’s balance sheet – where you show profit and loss and your net operating income. The first and easiest food service financing solution is to adjust your menu pricing. Re-evaluate your food costs to ensure you’re charging enough for each menu item. What is your bottom line ?

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Cash Management Food Website Management Inventory 59

Restaurant365

JUNE 4, 2021

In addition, consider implementing what is commonly referred to as “SMART” goals: Specific, Measurable, Achievable, Relevant, and Time-Bound). Loyal customers return to your restaurant over and over, and they also refer friends and family to your business. Promote Your Top-Selling, Highest-Margin Menu Items.

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Loyalty Program Point of Sale Inventory Customer Service 78

Restaurant365

APRIL 16, 2021

As a whole, restaurant profit margins are much lower than other industries, due to perishable item waste, staff turnover, seasonality, and other factors. The key to controlling your restaurant food cost is a tightly controlled inventory. Adjust Your Menu. Track Costs and Optimize Profits of Off-premise Channels.

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Loyalty Program Point of Sale Guest Recovery Seasonal Menu 88

Apicbase

MARCH 3, 2023

This end-to-end solution uses data from your POS to provide insights into sales, food costs, menu engineering and inventory management. You instantly get the actual profit margin for each menu item. This helps to ensure that the restaurant has the necessary ingredients at all times while avoiding overstocking and reducing waste.

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Point of Sale POS Management Management 52

The Restaurant Times

FEBRUARY 22, 2022

Investing in labour-saving technologies and providing simple and fewer menu selections, for example, has allowed them to free up cash flow and recruit more people or raise compensation. It’s no longer about waste and environmental damage. The rapid expansion of ghost kitchens is a key trend that has caught the industry by storm.

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2022 Front of House Cash Management Online Ordering 98