Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. If it’s not on the shelf, it can’t be stolen, spoiled or wasted. Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Culinary Cues

DECEMBER 17, 2020

There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables. None, however, are as devastatingly out of the operators control as this pandemic.

Uniforms 469

Uniforms Cash Management Brewery Consumer Goods 469

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. Stockpile : Stock value of product.

Inventory 80

Inventory Management Management Point of Sale 80

Ken Burgin

JULY 23, 2023

Price Elasticity Analysis: By studying historical sales data and price changes, the Interpreter could estimate the price elasticity of each menu item, helping identify items where a price increase might have a minimal impact on sales volume, and thus potentially increase profitability.

Menu 113

Menu Seasonal Menu Point of Sale Pricing 113

Modern Restaurant Management

MARCH 12, 2021

The benefits of a digital workplace can put restaurants in a better position to increase profits, reduce waste, and experience greater growth. Company leaders know that their frontline squads have a unique vantage point and valuable insights. Digital tools can help restaurant leaders tackle this ongoing problem.

Mobile Ordering 193

Mobile Ordering Front of House Communication Online Ordering 193

Apicbase

MARCH 28, 2024

That means you are collaborating with multiple stakeholders who each have their own data points to focus on. The F&B director works with the order forms, the COO analyses the profit and loss statements, the inventory manager checks the stock counts, the executive chef works in the recipes database and so on.

Management 52

Management Management Point of Sale Kitchen Safety 52

Restaurant365

SEPTEMBER 17, 2019

Knowing how to manage restaurant inventory is essential for a healthy business, no matter if you have one location or several. Your sitting inventory (in product or dollars) is one of the main factors influencing your food cost and your bottom line. So, how do you to manage restaurant inventory accurately and efficiently?

Inventory 60

Inventory Mobile Ordering Food Supply Point of Sale 60

BNG Point of Sale

NOVEMBER 12, 2021

With the right tools, business owners can turn stressful systems and manual processes into profit margins, customer retention, and lowered inventory costs. Some key tools will help you achieve optimal efficiency and insights, such as a point-of-sale (POS) system. . What is a Point-of-Sale ( POS ) System?

POS 52

POS Point of Sale Cash Management Loyalty Program 52

BNG Point of Sale

SEPTEMBER 7, 2021

This is because CoGS are measured by inventory count rather than individual dishes or drinks. The cost of goods sold is also referred to as the “cost of sales.” CoGS is especially important because it is related to your restaurant’s profit margin for any period, revenue, and inventory management. Cost of raw materials. .

Point of Sale 52

Point of Sale Inventory Food Supply Seasonal Menu 52

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Cheetah

FEBRUARY 2, 2021

While it affects our bottom line, let’s not forget the effects of food waste on our environment and our communities in general. While it affects our bottom line, let’s not forget the effects of food waste on our environment and our communities in general. Let’s begin with a key question: what is demand planning?

Small Business 78

Small Business Food Supply Point of Sale Inventory 78

Cheetah

FEBRUARY 25, 2021

In times of catastrophe, such as during the Covid-19 pandemic or this week’s winter storms, this inefficiency can become not only wasteful but also life threatening. The food industry is by far one of the biggest industries in the world. Unfortunately, it’s also one of the least efficient.

Food Supply 78

Food Supply Food Truck Food Supplies 78

Sling

JULY 24, 2023

Some of these apps are designed to solve specific problems, like shift scheduling or point of sale , while others boast all-in-one suites for every aspect of restaurant management. You can view data on labor costs versus sales over time to make intelligent decisions on how many staff you’ll need clocked in at different times.

2023 78

2023 Management Management Tip Distribution 78

Cheetah

NOVEMBER 23, 2021

The busy season is underway, and for caterers and restaurants it is the biggest opportunity in the past two years to boost sales and make a hefty profit. Most travel and social distancing restrictions have been lifted and supplier indications point to a record breaking catering season. 2021’s Massive Holiday Catering Opportunity.

Catering 148

Catering Food Supply Seasonal Menu Supplies 148

A Wine Story

SEPTEMBER 8, 2020

This post covers the most salient points of the panel discussion titled: “Experience and Ease in E-Commerce.” You will also find the most important highlights of the retail keynote presentation, “The Rise of Off-Premise.” You will also find the most important highlights of the retail keynote presentation, “The Rise of Off-Premise.”

Webinar 157

Webinar Consumer Goods Social Media Online Ordering 157

BNG Point of Sale

OCTOBER 13, 2021

To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. Convenience Store POS System Costs. Keyboard and mouse.

POS 52

POS Cash Management Point of Sale Equipment 52

Modern Restaurant Management

DECEMBER 21, 2022

Having a single supplier and point of support for all the store technology and payment processing functions also reduces administrative burden and risk. Having a single supplier and point of support for all the store technology and payment processing functions also reduces administrative burden and risk.

2023 166

2023 Loyalty Program Fast Casual Customer Experience 166

BNG Point of Sale

SEPTEMBER 7, 2021

Sales per square foot are one option. To calculate sales per square foot, divide annual sales by total interior square footage including kitchen, dining, and storage space to get a net rentable foot in the leased location. . Bar Revenue per Square Foot . What are the best indicators of a bar’s success?

Bar 52

Bar Point of Sale Retail 2013 52

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.

Catering 104

Catering Food Truck Retail Point of Sale 104

SpotOn

APRIL 2, 2024

If it sounds like it was pulled from a retail business playbook, that’s because it was. Retailers coined the term to refer to a seamless flow of information between the customer-facing touchpoints, like online shopping and customer support, and the back-end systems, like inventory management and shipping. 

Online Ordering 40

Online Ordering Customer Experience Point of Sale Retail 40

BNG Point of Sale

OCTOBER 21, 2018

A lot of businesses tend to overlook one of the easiest ways to see which items are most profitable, just by looking at your sales reports. The sales reports generated by your POS system can be just as valuable as inventory tracking, and drive more sales. Basic POS sale reports. Online and/or mobile sales.

POS 65

POS Point of Sale Inventory Coupons 65

Restaurant365

MAY 7, 2020

This will streamline your inventory and give you better visual access to your shelves. Check for state requirements on your governor’s or state health department’s website. Adhere to protocols addressing the protection of both customers and employees. These are the most common places to find mold buildup in your restaurant.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Restaurant365

JANUARY 31, 2022

This article was written by Morgan Harris and featured in Retail & Restaurant Facility Business. Restaurant operators can use a spreadsheet for almost every function in the restaurant from ordering, inventory, prep lists, invoicing, food costing, scheduling, accounting — you name it. A common example is early clock-ins.

Operations 78

Operations Point of Sale Back of House 2001 78

Restaurant365

NOVEMBER 19, 2019

With nearly half of the United States imposing higher minimum wages starting in 2020, restaurants also need to focus on optimizing labor costs (especially as a percentage of sales). By integrating POS system with an accounting and scheduling platform, labor and sales data can be used for smart forecasting. Finding and training staff.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

BNG Point of Sale

SEPTEMBER 2, 2021

These expenses include all utility costs associated with production, such as power and gas, as well as employee wages, raw materials inventory, and sales commissions. The information in this blog post will give you a clearer idea of what your budget should look like and help you make decisions about how to spend your money wisely. .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

BNG Point of Sale

JULY 30, 2021

Many inexperienced chefs–including the intending food truck entrepreneur– and food truck operators think opening a retail location and having a say in food costs will be easier than starting a food truck business. There is not much point in the parking next to another truck selling the same product as you. .

Food Truck 52

Food Truck Food Point of Sale Online Ordering 52

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform.

Food Safety 203

Food Safety Mobile Ordering Online Ordering Kitchen Safety 203

Modern Restaurant Management

DECEMBER 31, 2019

They touched on topics such as delivery, ghost (dark) kitchens, automation, plant-based menu items, food waste, sustainability, staffing and retention and more. Even cost of sales may go down as the ghost kitchen typically has a smaller, more manageable menu. Food Halls – the numbers for current and future growth are substantial.

2020 135

2020 Kitchen Safety Consumer Goods Point of Sale 135

Modern Restaurant Management

FEBRUARY 18, 2020

Elo’s Sonal Apte, vice president of retail and hospitality. Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” Guests will demand a personalized journey when food is delivered to their door.

Mobile Ordering 212

Mobile Ordering Front of House Fast Casual Customer Service 212

Indoor Media

OCTOBER 13, 2017

Whether it’s flipping burgers, working retail, or cleaning toilets, as long as you possess those three qualities, you can turn any position into a successful career. When I began managing restaurants, we were introduced to the new point of sale systems that held all the data about our sales and inventory.

Point of Sale 78

Point of Sale Inventory Cash Management Leadership 78

Xtra Chef

DECEMBER 11, 2019

Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business. Restaurant accounting activities include everything from accurately recording transactions to creating detailed financial reports.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Restaurant365

DECEMBER 12, 2019

From changing the way restaurants order inventory all the way to determining how customers first place their order, technology in restaurants is continuously evolving. Technology impacts nearly every aspect of our lives. For restaurants in particular, the impact of how technology is changing the restaurant industry is only growing bigger.

2019 88

2019 Technology Front of House Mobile Ordering 88

Ordyx

MARCH 4, 2019

Inventory and Loss Prevention A modern POS system is essential in tracking all the inventory from the time they of purchase to when the meals are served. Inventory and Loss Prevention A modern POS system is essential in tracking all the inventory from the time they of purchase to when the meals are served.

POS 52

POS Email Marketing Point of Sale Website Management 52

Apicbase

MAY 12, 2023

They need to maintain consistency, provide excellent customer experience and optimise performance across a growing number of locations. Meanwhile, the market is changing at lightning speed. Some business leaders navigate those challenges noticeably better than others. What are they doing differently? It’s called operation excellence.

Operations 52

Operations Back of House Sustainability Front of House 52

Modern Restaurant Management

FEBRUARY 1, 2021

This edition of MRM Research Roundup features the latest restaurant sales stats, brand loyalty, Valentine's Day spending plans and more. Same-Store Sales Fall. The fourth quarter was not good for restaurant sales; each month posted worse same-store sales growth than the previous month, according to Black Box Guest Intelligence.

2021 122

2021 Point of Sale Guest Recovery Travel 122

Apicbase

MARCH 17, 2023

The European foodservice industry is at a tipping point. You can use technology to optimise or automate various tasks , such as inventory management and ordering, which helps reduce errors and increase efficiency. There is good and bad news. On the one hand, the future of Europe’s restaurant industry is looking bright.

Customer Experience 52

Customer Experience Consumer Goods Food Supply Customer Service 52