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The State of Full Service Restaurants

Modern Restaurant Management

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). In most cases, new menu offerings involved adding takeout and delivery options.

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Critical BOH Restaurant KPIs That Optimize Labor Costs and CoGs, Part 2

Restaurant365

You may have a hunch that you are doing fewer table turns on the weekend, or that your inventory has gotten wasteful recently. To calculate your CoGS totaled during a given period, you can use the following formula: CoGS = Beginning Inventory + Additional Purchases Made During the Period – Ending Inventory.

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5 Ways Technology Helps To Structurally Reduce Operational Costs in Restaurants 

Apicbase

Modern restaurant management platforms can: automate complex calculations, process data from multiple sources (sales, inventory, labour), free up hard-working staff from repetitive tasks (that software can perform faster and more accurately anyway). Wrong orders result in disgruntled customers and wasted food.

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Restaurant Operations Management: The Complete Guide

Sling

These essential activities include everything from scheduling your team , assigning tasks , and managing inventory to controlling labor costs , executing payroll , and complying with labor laws. 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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How to Expand Your Franchise: A 10-Step Roadmap for Restaurants

7 Shifts

This includes getting systems in place like: A POS Employee scheduling software Online ordering software Gift card and loyalty software A credit card processor Often, your franchisor will have these pre-selected for you to keep consistent with pre-existing business-wide systems, so check with your franchisor before making any big decisions yourself.

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Speed in Restaurant Staffing Wins Top Talent

Restaurant365

Some operators might worry that hiring too quickly can lead to hasty decisions and choosing the wrong candidates but recruiting faster does not mean that you ignore your standards. Quickly responding to each candidate and application is a key part of a successful recruiting strategy. . It’s important that you hire the right employees.

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Restaurant Startup Trends To Follow In 2022

The Restaurant Times

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. Restaurant Tech. And these aren’t innocuous adjustments.

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