7 Shifts

SEPTEMBER 16, 2021

You won't be able to refer to your previous restaurant opening playbook and follow it to the letter. There'll be new branding, a new staff, different inventory, and updated forecasting involved. Table of Contents. New Concept or Replicate? Create Consistency with Your Operations. Delegating Responsibilities. Keep Your Team Connected.

Management 370

Management Management Document Hiring 370

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. A POS system is excellent at collecting sales and labor data.

Inventory 78

Inventory Management Management Food 78

Mad Mobile

FEBRUARY 26, 2024

Are you keeping a close eye on your beer, wine, & liquor inventory costs? Operators who calculate their cost of sales add 2–10% to their bottom line. 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.

Inventory 40

Inventory Bar Management Management 40

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. However, the right point of sale system can help alleviate some of these restaurant challenges so business owners can stay ahead of their competition.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Restaurant Engine

AUGUST 2, 2020

Restaurant owners implement Enterprise Resource Planning (ERP) solutions for inventory management and real-time low stock notifications. For example, when chefs order an ingredient, the stock counts in their ERP systems automatically reflect an increase in stock. Fundamentally, inventory control revolves around three variables.

Inventory 80

Inventory Management Management Point of Sale 80

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. 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.

Point of Sale 196

Point of Sale POS Download Loyalty Program 196

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. Sales optimisation. Restaurant back-of-house operations form the backbone of a restaurant’s success. Food safety.

Back of House 52

Back of House FOH BOH Front of House 52

7 Shifts

AUGUST 29, 2019

Follow these two steps: The first thing you’ll want to do is gather sales and profit data for every item on your menu—preferably over a set time period (last quarter, last month, etc.). Plowhorses: Low Profit, High Popularity Plowhorses are a big point of frustration for menu engineers. Menu Pricing and 2. What to do?

Menu 279

Menu Point of Sale Website Management Online Ordering 279

Culinary Cues

FEBRUARY 25, 2021

You can disagree, take a stand, make your point, continue to have a unique opinion, but in the end – it is their business. If you are taking inventory on a Sunday night – approach it as if it is the most important task imaginable. Some refer to this as delegation, but behind delegation of duties must lay a willingness to trust.

2021 401

2021 Point of Sale Reference Take-out 401

Open for Business

NOVEMBER 21, 2022

POS stands for point of sale, and it refers to the transactional moments when a guest orders and pays for their meal. Most track inventory, sales data, guest information, and payment, but that just scratches the surface of what these sophisticated systems can do for a restaurant. Quick service restaurants.

POS 78

POS Mobile Ordering Point of Sale Food Truck 78

7 Shifts

JULY 16, 2021

Reference secondary research studies or create your surveys and questionnaires to send out to a select group of people! We're all here for it! Coffee shops can be so much more than a place to grab a cup of joe and a croissant. At their best, they're an essential part of their community—a third place beyond work and the home. Obtain Funding.

License 459

License Hiring Equipment Point of Sale 459

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. Restaurant operations management is essential for the long-term health of your business. Table of contents What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Clover - Restaurants

APRIL 9, 2024

They act as a one-stop shop, offering bulk ordering and eliminating the need for restaurants to manage multiple vendors for each item. Bulk ordering also allows restaurant owners to get competitive pricing and improve profit margins. As a result, take time to carefully vet and build relationships with your key partners.

Food Supply 98

Food Supply Online Ordering Food Truck Food Order 98

Deliverect

AUGUST 31, 2020

Having the right sort of data allows you to plan, shift priorities and make changes on the fly based on cold hard proof of your sales numbers. What this means is making sure that your delivery sales get input into your POS as they come through and not waiting till the end of the day to send them all through at once.

Delivery 146

Delivery Front of House Point of Sale Back of House 146

BNG Point of Sale

SEPTEMBER 7, 2021

This is because CoGS are measured by inventory count rather than individual dishes or drinks. The more dishes served, for example, steak versus salad with no meat and side order fries instead of a baked potato means that everything gets averaged together into one figure – this makes calculating costs much easier!

Point of Sale 52

Point of Sale Inventory Food Supply Seasonal Menu 52

Perfect Daily Grind

NOVEMBER 6, 2022

For coffee roasters, software is mainly aimed at two things: automating parts of the roasting process and giving them more control over a wider range of data points. Inventory management. Daniel Mendoza is the North American Sales Manager at Cropster , a roasting software company. However, this hasn’t always been the case.

Point of Sale 125

Point of Sale Inventory Equipment Article 125

Goliath Consulting

OCTOBER 19, 2020

Part of its upsurge comes from off-premise dining becoming widely adopted due to the pandemic, but there’s been an overall uptick in digital sales that’s helped drive-thrus gain significant traction. Brands like Starbucks are increasing their drive-thru prevalence to accommodate the demand for contactless orders (1).

2021 135

2021 Point of Sale Food Safety Kitchen Safety 135

Cheetah

FEBRUARY 2, 2021

To find relevant data, you can look at past sales or business outcomes like customer orders, sales, operations, finance, or marketing projections. You could also analyze existing inventory to calculate how much raw materials or components you’ll need to create products. Table of Contents. What Is Demand Planning?

Small Business 78

Small Business Food Supply Point of Sale Inventory 78

The Restaurant Times

FEBRUARY 19, 2022

If you own a pizza parlour, pizza window, or food truck, you understand how different your food ordering requirements are from those of other eateries. Selling pizza almost always necessitates a high level of order customization, and delivery is especially important for many pizza restaurants. Online Ordering .

POS 52

POS 2022 Loyalty Program Point of Sale 52

The Restaurant Times

FEBRUARY 28, 2023

However, if all you do after reviewing this data is change the amount of stock on hand, you might be losing out on a sizable portion of sales. Restaurant analytics refers to the process of assessing your restaurant’s data to gain meaningful data to enhance your restaurant’s overall performance. What Is Restaurant Data Analytics?

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

Restaurant365

JUNE 22, 2021

Controlling your restaurant food cost depends on multiple factors, such as understanding actual versus theoretical food costs (AvT), first-in/first-out (FIFO) storage, ordering at the right levels, and reducing waste, errors, over portioning, and theft. As a restaurant owner or operator, keeping your food costs low is a continual challenge.

Compost 88

Compost Food Waste Front of House 88

SpotOn

APRIL 2, 2024

Pandemic-era dining meant QR codes, online ordering , expanded delivery options, and lean staffing. Omnichannel means that guests have a convenient way to order and pay no matter where they are. A guest places an online order and receives loyalty points for their tuna poke bowl. Call it the Omnichannel Era.

Online Ordering 40

Online Ordering Customer Experience Point of Sale Retail 40

Restaurant365

MAY 27, 2021

In a fluctuating economy, you don’t know exactly what is going to happen to sales. To understand the prime cost dollar amount in context, you can calculate it as a percentage of sales: Prime Cost as a Percentage of Sales = Prime Cost ÷ Total Sales. Here are five areas to focus on. Set a prime cost reduction goal.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Lavu

OCTOBER 24, 2022

Frictionless payments refer to types of payments that have reduced the barriers to buying. It uses NFC (near field communication) technology, a radio frequency that allows a card or device to communicate wirelessly with a point-of-sale (POS) system. They can then order online and pay through the app.

Mobile Ordering 78

Mobile Ordering POS Customer Service Online Ordering 78

Restaurant365

JUNE 4, 2021

Essentially, improving your restaurant profit margin relies on two things: your sales volume and your expenses. You can achieve a better sales margin by increasing sales revenue and decreasing expenses. ” Here are ten ways to drive long-term restaurant profitability, through increasing sales and decreasing expenses.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

BNG Point of Sale

AUGUST 27, 2021

Therefore, you must learn how to develop a more resilient restaurant business just like the other types of restaurants who are finding new ways to ensure decreasing costs and an increase in sales. . For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 Average Gross Profit for Restaurants .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

BNG Point of Sale

SEPTEMBER 2, 2021

Overhead costs refer to ongoing expenses such as advertising, utilities, and rent which make running an eatery possible in addition to raw materials and food for goods production. . Even if the business is successful and receives many orders, these are still costs required for it to function. Overhead costs are your everyday expenses.

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Lavu

JANUARY 21, 2020

Accounting refers to the collection, interpretation, classification, analysis, and reporting of financial data. This includes the revenue of the restaurant, cashflow, inventory levels, and income statements. This includes the revenue of the restaurant, cashflow, inventory levels, and income statements.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

BNG Point of Sale

JUNE 21, 2021

Full-service refers to the service you receive in a typical sit-down dinner. As the name implies, this category includes fast-food restaurants and any type of quick-service restaurant in which customers order from a counter, fill their drinks, and dispose of their trash. What Is the Average Profit Margin for a Restaurant?

Fast Casual 52

Fast Casual Food Truck Customer Service Online Ordering 52

The Restaurant Times

MARCH 15, 2021

Some of the proven ways to optimize overall financial costs and improve the profitability quotient of your restaurant are : Keep a constant check on the food and inventory costs. Create a restaurant business plan and refer to the POS reports to identify which operational areas are contributing to substantial losses.

Point of Sale 52

Point of Sale Inventory Customer Service Advertising 52

ChefMod

OCTOBER 20, 2021

That results in superior inventory management, which is critical when dealing with perishable produce. Accurate forecasting anticipates how much inventory you need to avoid overstocking and stock runouts. Accurate forecasting anticipates how much inventory you need to avoid overstocking and stock runouts.

Catering 52

Catering 2022 Pricing Food Supply 52

Margin Edge

MAY 10, 2021

3) Verify Food Usage Against Your Sales and Ordering. Even the most experienced chefs can find that they’re using significantly more of an ingredient than their sales would suggest, and that can point to an operational difficulty of some kind. Creating recipes and setting your initial menu pricing is Restaurant 101.

Food 52

Food Point of Sale Fast Casual Seasonal Menu 52

Marketman

NOVEMBER 13, 2019

Standard practice has seen a back room filled with orders and invoices, piles of manually logged inventories. Inventory Turnover Ratio. Inventory turnover ratio allows you to track your highest performing products and your lowest. This allows you insight into your inventory as a whole and affects your purchasing.

Point of Sale 40

Point of Sale Inventory Seasonal Menu Food Order 40

Marketman

NOVEMBER 13, 2019

Standard practice has seen a back room filled with orders and invoices, piles of manually logged inventories. Inventory Turnover Ratio. Inventory turnover ratio allows you to track your highest performing products and your lowest. This allows you insight into your inventory as a whole and affects your purchasing.

Point of Sale 40

Point of Sale Inventory Seasonal Menu Food Order 40

Lavu

MARCH 26, 2020

Coming off a hard winter and hoping sales would pick up for catering businesses, this sudden hit of all events canceling has pushed some catering businesses to the brink. Don’t let your inventory go to waste; start offering your best-sellers as meal prep items. Sales to Retail Customers. Meal Prep Kits with Pickup Options.

Catering 104

Catering Food Truck Retail Point of Sale 104

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. This also refers to the last line on your restaurant’s balance sheet – where you show profit and loss and your net operating income. So, you want to do inventory on at least a weekly basis if not daily.

Cash Management 59

Cash Management Food Website Management Inventory 59