Modern Restaurant Management

MAY 31, 2022

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. Restaurants should consider what reports they can pull from a potential POS system and research other software prices and features.

Point of Sale 491

Point of Sale Download POS Customer Experience 491

Modern Restaurant Management

JANUARY 3, 2025

Small spaces can obviously help save on price-per-square-foot costs, they naturally reduce energy consumption, encourage precise inventory management, and enable more intentional material choices – all of which dovetail nicely with sustainability goals. How does it dovetail with sustainability goals?

Fast Casual 251

Fast Casual 2025 Design Customer Experience 251

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. Inventory Management.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

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. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Simplified Menus.

2022 547

2022 Online Ordering Customer Service Website Management 547

Goliath Consulting

JUNE 15, 2021

Unfortunately, measures set up to safeguard health have overall caused inefficiency and higher prices, which regrettably have caused layoffs for food workers and drivers (3). Inventory Estimates. What this means is that the relationship between the operator and vendor can be strained as a result of poor inventory control.

Supplies 414

Supplies Food Supply Front of House Fast Casual 414

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. You can reference and compare the key metrics from all of these locations like total revenue, profit margin, inventory variance, etc.

Management 370

Management Management Hiring Document 370

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

Lavu

NOVEMBER 30, 2024

Proper cost tracking helps you set profitable menu prices, cut expenses, and manage inventory efficiently. Here’s how: Why it matters : Control spending, maintain profit margins, and adjust to price changes. How to track costs : Use tools like POS systems to record prices, calculate recipe costs, and update data regularly.

Seasonal Menu 78

Seasonal Menu Waste Inventory Cash Management 78

Modern Restaurant Management

DECEMBER 21, 2022

Instead, as these solutions advance, companies should refer to their technology as “Smart Carts,” or something in the same vein, to give a more accurate representation of what they provide and come off as warm and welcoming tools designed to elevate hospitality. Don’t be afraid to increase price.

2023 493

2023 Loyalty Program Mobile Ordering Customer Experience 493

Culinary Cues

FEBRUARY 25, 2021

If you are taking inventory on a Sunday night – approach it as if it is the most important task imaginable. On occasion you may need to make adjustments so that an employee can work through their challenges (schedule adjustment, change assignments, send them home, offer advice, refer them to someone who might help, etc.).

2021 486

2021 Point of Sale Take-out Reference 486

7 Shifts

AUGUST 29, 2019

Menu Pricing and 2. Consider marginally lowering the price on these items to increase popularity without decreasing overall profitability. Two common courses of action to address plowhorses are to: Raise menu prices on these items, provided that this doesn't drastically diminish their popularity or reduce sales. What to do?

Menu 279

Menu Point of Sale Website Management Online Ordering 279

7 Shifts

SEPTEMBER 6, 2024

COGS is based on your inventory, meaning it includes the value of what you start with, what you purchase, and what’s left at the end of the period. COGS can be expressed as a percentage of your sales, often referred to as the COGS ratio. Make sure to price your menu items accurately as well.

2024 195

2024 Seasonal Menu Inventory Food Supply 195

Restaurant365

SEPTEMBER 10, 2021

However, in between all these tasks, it is critical to devote time and energy into accurate and consistent inventory management. Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Let’s dive into some helpful tips.

Inventory 138

Inventory Management Management Point of Sale 138

7 Shifts

OCTOBER 31, 2022

You'll have a document to reference during the planning or opening of your restaurant. But give an idea of some dishes or drinks with projected price points. Here is also a good time to discuss processes you plan to adhere to in the back of the house, such as food cost control methods and who your inventory suppliers are.

Point of Sale 397

Point of Sale Back of House Document Download 397

Goliath Consulting

JANUARY 11, 2021

“You have to explore the flavors and use what you have in the house and improve the selection… It’s (also) a very good sales strategy because instead of offering sugary sparkling sodas for a low price, you can actually charge $7, $8, $10.”. References: [link] [link] [link] [link] [link] [link] [link] [link] [link].

Beverage 348

Beverage 2021 Consumer Goods Sports 348

Modern Restaurant Management

DECEMBER 10, 2019

You can also refer to this guide to learn more about managing cash flow. Make sure you do not stock a lot of high-priced and low-margin items. Keep an optimal level of inventory to minimize waste. When there is no proper plan or strategy in place for handling cash flow shortage, a cash flow crisis occurs.

Cash Management 312

Cash Management Seasonal Menu Social Media Small Business 312

7 Shifts

AUGUST 20, 2021

Note: As the year continues, you can refer to The Economic Policy Institute's Minimum Wage Tracker for up-to-date information on wage changes. If you plan to accommodate for the wage increases by making adjustments to your menu, there are subtle ways to introduce new prices that won't rub diners the wrong way. Standardize menu items.

Food Supply 195

Food Supply Inventory Seasonal Menu Food Order 195

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

7 Shifts

MAY 23, 2024

Create a restaurant operations manual A restaurant operations manual ensures that your business procedures are well-documented, concise, and readily available for your employees' reference. You can decide whether to adjust its price or tailor your recipe by looking for alternatives to some of your ingredients to make profits from that order.

Operations 221

Operations Kitchen Safety Food Safety Restaurant Law 221

Modern Restaurant Management

JANUARY 31, 2025

The research found that businesses worldwide – particularly restaurants – intend to experiment more in 2025, especially with customer retention programs like loyalty, as they face the triple challenge of sustained high inflation, shrinking consumer wallets and the need to raise prices across the board.

Marketing 221

Marketing Loyalty Program 2024 2025 221

7 Shifts

DECEMBER 11, 2019

Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. Issue #3: Costs and Royalties Franchisees benefit from built-in brand recognition of their restaurants, but have to (quite literally) pay the price. The result?

Franchise 435

Franchise Franchising Email Marketing Communication 435

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.

Employee Relations 449

Employee Relations Fine Dining Training Communication 449

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Reference secondary research studies or create your surveys and questionnaires to send out to a select group of people! Expected menu prices.

License 459

License Hiring Equipment Small Business 459

Lavu

MAY 5, 2025

From faster service to real-time inventory tracking, modern restaurants need more than just a cash registerthey need a system that adapts to their workflow. Track inventory in real time : Avoid waste and shortages with automated stock updates. It offers dual pricing , an open API, built-in team management features, and 24/7 support.

POS 78

POS Operations Mobile Ordering Cash Management 78

Modern Restaurant Management

JUNE 28, 2024

The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.

2024 294

2024 Mobile Ordering White Paper Food Order 294

Restaurant365

MAY 20, 2020

Now, more than ever, is the time to optimize food costs by limiting your menu options, creating contract prices with your vendors, and tightening the way you handle your inventory. Along with these items, referred to as “stars,” determine and include the top two or three most popular kids’ menu items. Manage Your Inventory.

Inventory 148

Inventory Food Order Customer Experience Waste 148

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.

Inventory 78

Inventory Management Management Cash Management 78

Lavu

MAY 5, 2025

Review Hardware Needs Take inventory of the hardware youll need, such as terminals, printers, and network devices. Configure Lavu Settings Get your system ready by customizing it to your business needs: Add menu items, modifiers, and prices. Enable features like happy hour or off-peak pricing.

POS 78

POS Training Kitchen Safety Cash Management 78

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.

Inventory 78

Inventory Management Management Food 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. Logistics challenges and labor shortages have fueled rising wholesale food prices. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of prices at the wholesale level, up 9.6% from a year ago.

Inventory 15

Inventory Management Management Food 15

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

Fast Casual 138

Fast Casual Food Truck Fine Dining Loyalty Program 138

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

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. With greater labor costs, FSR can fall into the 3-5% profit margin range, depending on restaurant size, menu item prices, turnover rates, and location.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

EATER

SEPTEMBER 10, 2021

I had been considering pricey wine coolers until I saw this bamboo rack in a friend’s apartment I rely on what I affectionately refer to as my “wine friends” for all sorts of wine guidance. Perhaps even more of a detractor than the high price tag, those wine coolers are clunky.

Bar 241

Bar Reference Inventory Pricing 241

SpotOn

FEBRUARY 26, 2025

Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. So you have your bartenders work on their pours and you raise prices on three popular reds. This can also be referred to as operating costs. That may be too high. Occupancy costs.

License 88

License Point of Sale Insurance POS 88

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. Adapt and Succeed.

Mobile Ordering 148

Mobile Ordering Point of Sale Online Ordering Cash Management 148

Xtra Chef

JULY 6, 2020

Once you’ve set a date range, the report will generate sales data for you to see exactly how many of each item was sold, the list price of that item, and the price at which that item was actually sold, along with gross and net margin percentages. Get an Inventory Summary Report to analyze opening and closing numbers.

Inventory 126

Inventory Customer Experience Back of House Social Media 126