Apicbase

SEPTEMBER 30, 2022

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). This helps you charge the correct menu item price and replace overpriced ingredients.

Technology 52

Technology Operations Inventory Food Order 52

Cheetah

APRIL 10, 2020

It’s also very helpful when short staffed and you’re recruiting full-time employees. Recruiters. Recruiters are an excellent way of finding great candidates – but they come at a cost. There are both large national recruiting companies, as well as local ones that service specific regions.

Back of House 78

Back of House Hiring Recruiting Website Management 78

Restaurant365

JUNE 15, 2021

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. Another bonus?

BOH 78

BOH FOH Point of Sale Back of House 78

Restaurant365

JUNE 4, 2021

To inform your decisions, leverage menu engineering to evaluate your pricing and profit margin on individual menu items. Your AvT measures what inventory you should be using, assuming perfect portions and no mistakes, in contrast to what you are actually using. Tracking inventory invoices is key.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

The Restaurant Times

FEBRUARY 22, 2022

Inventory Checks. You’ll never have to rely on eyeballing if you conduct inventory on a regular basis. Make sure you take inventory for a product regularly, whether it’s daily, weekly, or monthly. POS systems provide for real-time daily inventory management, allowing you to keep tabs on your booze and food prices.

Bar 52

Bar Tip Distribution Inventory Hiring 52

Restaurant365

JULY 24, 2020

Factor Delivery Costs into Your Ghost Kitchen Menu Prices. Include a portion of the delivery costs in your food prices to ensure your ghost kitchen makes a profit. When recruiting for your ghost kitchen, advertise your job openings where job seekers are searching. Control Inventory for Your Virtual Kitchen.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Modern Restaurant Management

DECEMBER 21, 2023

4 to 7 vendors in the restaurant space between recruiting and payroll are too many to be sustainable. – Justin Price, Vice President, Business Development, ScanSource POS & Payments Today's insurance market is the toughest in my career.

2023 120

2023 2024 Insurance Employee Relations 120

Restaurant365

JULY 29, 2021

Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Whether that was changing the scheduling of timing of your payments or changing order frequency to adapt to new inventory usage, it is time to revisit these terms.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

APRIL 4, 2022

Food cost is up 12% for most restaurants, so you expect menu prices to increase in lockstep, but so far from what we’ve seen in our customers, menu prices on average have gone up 7%.” Partnerships Drive Revenue, Recruitment, and Retention. Perhaps someone’s taking inventory in a freezer and loses service.

Point of Sale 78

Point of Sale Technology Customer Experience Mobile Ordering 78

Restaurant365

DECEMBER 17, 2019

You may also focus building a relationship with vendors, which may enable you to negotiate better contract prices. However, the biggest factor in controlling food costs is improving your inventory management. It includes tools for scheduling , inventory control , fixed asset management and more. Rent and Building Fees.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Modern Restaurant Management

FEBRUARY 5, 2024

Nearly all restaurateurs (98 percent) believe AI will solve some of their staffing challenges, particularly around food prep and delivery management (42 percent), voice ordering technology (41 percent), predictive ordering and inventory management (39 percent), and food prep robots (38 percent). percent in 2023.

2024 189

2024 Loyalty Program Food Order 2030 189

Sling

AUGUST 9, 2023

Regular Wages: The Complete Guide December 2022 24 Constructive Feedback Examples for Employee Reviews November 2022 12 Examples of Small Business Goals, Plus How to Achieve Your Own November 2022 How To Write a Great Welcome Email to New Employees November 2022 14 Types of Retail Pricing Strategies, Plus Helpful Tips November 2022 5 Diversity and (..)

Article 78

Article 2023 2022 2021 78

The Restaurant Times

NOVEMBER 22, 2021

As a first-time entrepreneur in the food industry, the strategy for opening a restaurant begins with identifying a location, developing a concept and design, recruiting the right people, providing suitable training, branding and marketing, and effectively operating the business. Many new restaurant owners are first-generation entrepreneurs.

Food Safety 52

Food Safety Cash Management Design Customer Service 52

Open for Business

NOVEMBER 21, 2022

OpenTable helps create customized floor plans and helps to sort flexible table inventory to serve more guests during any given shift. POS systems can also help improve accounting with digital records for sales and revenue, price per head, and average check amount. POS system. This means simpler, speedier payment for guests.

Technology 147

Technology Front of House Back of House Online Ordering 147

Restaurant365

MAY 30, 2022

Familiar topics were perched on the crowd’s lips: inflation, rising food prices, the labor shortage, rolling waves of Covid. Recruit Your Team to Recruit . The first thing they did was avoid making knee-jerk price increases. “In In our space, it’s hard to come back on pricing if you go too far,” Cil said.

2022 29

2022 Front of House Recruiting Back of House 29

The Restaurant Times

JANUARY 18, 2022

Every company needs a marketing plan that addresses the “Four Ps” of product, pricing, place, and promotion. Recruiting local influencers is also a low-cost and low-effort strategy to reach a wider social audience. In recent years, restaurant marketing has gotten considerably more sophisticated.

Marketing 52

Marketing Social Media SEO Email Marketing 52

The Restaurant Times

SEPTEMBER 28, 2021

Of course, there are other methods to increase morale and inspire employees, but building a brand culture may be more challenging if you are not recruiting the best foodservice talent. . Real Estate Prices In Metropolitan Areas . Food Quality And Food Safety. Source: www.cloudkitchens.com. Look Out For Local Regulations And Licensure.

Kitchen Safety 52

Kitchen Safety Consumer Goods Mobile Ordering Delivery 52

7 Shifts

NOVEMBER 1, 2022

They're people leaders, customer service providers, line cooks, inventory managers, occasional bartenders, public relations reps, number crunchers, and even marketers. Can you undercut their prices, or out-market them? Restaurant owners and operators wear a lot of hats. We live in a world where diners are inundated with choices.

Seating 221

Seating Email Marketing Marketing SEO 221

7 Shifts

MAY 31, 2021

For example, kitchen managers rely on software to let them know how much expected inventory they have in stock. Inventory was ordered based on par levels, which are set based on sales forecasts, which are in turn determined by how many guests you'll serve and what they'll order. All tasks in a restaurant are interconnected.

Operations 363

Operations Inventory Hiring Customer Service 363

Gecko Hospitality

JULY 12, 2018

Robust Inventory Control – This must-have feature should deduct items from inventory when sold, so you know how much food you have on hand. Any system needing more than a few steps or a few minutes to change a price or adjust a menu item is not worth your money. It can also simplify tax time and help prevent tax return errors.

Management 40

Management Management Cash Management Point of Sale 40

7 Shifts

SEPTEMBER 19, 2019

Inventory management: Monitor and maintain food and beverage stock levels. Innovating: Identify issues in your restaurant—whether inventory or systems-related— and be willing to create solutions and processes to improve efficiency. Or, you can turn your puzzles into popular dishes by lowering the price.

Management 284

Management Management 2019 Employee Relations 284

Cheetah

NOVEMBER 18, 2021

Payroll budgets, recruiting processes and retention schemes are not yet adapted to a post-Covid world. More and more recruiting platforms are now using advanced technologies like machine learning to streamline hiring and reduce the time it takes to find the perfect candidate. No more recruiting emails clogging your inbox.

Hiring 148

Hiring Recruiting Food Supply Operations 148

Apicbase

FEBRUARY 29, 2024

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. Although revenue went up (thanks to higher prices), profits went down due to high food costs and debt.

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

DECEMBER 14, 2021

These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate. Those that raise prices too far will risk alienating some of their customer base.

2022 185

2022 Food Supply Mobile Ordering Customer Experience 185

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. Get a 360-view of your sales & inventory data Adopt restaurant analytics software. COGS help you determine if you’re pricing your menu items correctly based on the purchase price of the ingredients.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Lavu

NOVEMBER 1, 2023

Decide on Pricing The cost of delivery is an essential aspect of restaurant food delivery services. This may involve price adjustments, exploring discounts or subscription models, partnering with multiple delivery platforms, or adopting efficient delivery routing systems. This gives you control over the delivery process.

Delivery 166

Delivery Food Online Ordering Mobile Ordering 166

Restaurant365

JANUARY 27, 2022

QR code menus enable you to easily adjust pricing, change menu items, or add and remove dishes across multiple locations. The ease of making changes to a QR code menu allows you to reduce food waste by adding specials to quickly sell inventory that’s approaching its expiration date. Easily Update Your Menu. Improve Ordering Accuracy.

Mobile Ordering 148

Mobile Ordering Social Media Customer Experience Online Ordering 148

Modern Restaurant Management

OCTOBER 16, 2019

Increased inventory availability, faster delivery, better data, and constant innovation add value to the entire supply chain. "AdTheorent's Cost Per Incremental Visit pricing model is such an attractive option since we only pay for those incremental visits that resulted from ad exposure."

Food Truck 117

Food Truck Customer Service Customer Experience Front of House 117

Apicbase

JANUARY 13, 2023

With smart food ordering — meaning leveraging tech for inventory management and vendor selection — operators can cut down on food waste by 80%. The benefit is even bigger for inventory management — 91% say that automation around inventory/item availability would help them streamline processes and fill business gaps. from 2021).

2023 52

2023 Operations Management Management 52

Lavu

JANUARY 2, 2020

You get to know when to order your next month inventory, open more restaurant locations, or recruit more employees for optimal performance. If the average per-person ticket is $30, the sales can be forecasted as follows: Table Count x Number of Seats per Table x Ticket Price x No. Inventory Projections. of Parties.

Point of Sale 78

Point of Sale Inventory POS Waste 78

The Restaurant Times

MAY 20, 2022

Pricing the Product Right. So, it is imperative that you know exactly how much you can produce on any given day or week because you can price your offerings based on that. Please note that the right price can only pull the right kind of demand, resulting in higher profits. Recruit Adequate Staff. Reduce Bakery Wastage.

Social Media 52

Social Media Cash Management Recruiting POS 52

Transact

JANUARY 27, 2020

is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform.

Food Order 60

Food Order Food Safety Ordering Back of House 60

SpotOn

JUNE 5, 2024

According to the Michelin guide , Michelin recruits food professionals to review restaurants anonymously and determine if the restaurant's cuisine meets the guide's standards. Of course, access to quality ingredients depends on your restaurant's budget, inventory capabilities, location, and food supplier.

Fine Dining 40

Fine Dining Seasonal Menu Dine-in Sustainability 40

Transact

DECEMBER 9, 2019

is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform.

Operations 60

Operations Back of House Front of House Food Safety 60

Apicbase

APRIL 20, 2022

That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc. Data sharing via API ensures that all tech within the restaurant ecosystem is using the same numbers for sales, labour and inventory.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Modern Restaurant Management

JUNE 12, 2020

To shine the spotlight on the immediate opportunities that exist for all Americans to find employment at franchised restaurants of an iconic brand that holds a unique place in people’s daily lives, Dunkin’ is launching its first-ever national advertising campaign aimed at recruitment.

Franchise 139

Franchise Franchising Food Safety Kitchen Safety 139

Modern Restaurant Management

MARCH 16, 2020

Better value for customers who won’t pay fees or higher menu prices associated with delivery. Technology adds extra spice in recruiting and retaining employees – A restaurant’s staff plays a huge role in customer experience. Giving customers quality, freshly prepared food timed for their arrival.

Mobile Ordering 103

Mobile Ordering Online Ordering Point of Sale POS 103