The Rail

MAY 9, 2024

While the industry has been clouded by a variety of pressures that defined 2023 (such as inflation and price sensitivity), Restaurant Dive predicts that such challenges may push restaurants to embrace new solutions this year. The value triangle refers to three primary points in business: speed, quality, and price.

Supplies 52

Supplies Food Supply Food Truck Technology 52

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

ChefMod

OCTOBER 20, 2021

Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. 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.

Catering 52

Catering 2022 Pricing Food Supply 52

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. Source: Toast. Inventory management systems. Taking the time and energy to create one proves to others (and yourself) that you're serious about the venture.

Point of Sale 397

Point of Sale Back of House Document Download 397

ChefMod

MARCH 10, 2024

Running a restaurant comes with its unique set of challenges, and managing procurement and accounts payable can often feel like navigating a maze of paperwork, negotiations, and inventory management. What is the role of Price Management in ChefMod’s services? Think of us as your culinary vision’s dedicated team of experts.

Mobile Ordering 40

Mobile Ordering Pricing Customer Service Sourcing 40

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 218

2022 Customer Service Online Ordering Website Management 218

7 Shifts

JULY 16, 2021

Sourcing Equipment. 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!

License 459

License Hiring Equipment Point of Sale 459

Cheetah

FEBRUARY 2, 2021

You could also analyze existing inventory to calculate how much raw materials or components you’ll need to create products. Their forecasting process is automated, which means the business forecasting software is integrated with its point of sale systems and information sources about the economic, market, and even weather changes.

Small Business 78

Small Business Food Supply Point of Sale Inventory 78

The Restaurant Times

FEBRUARY 28, 2023

Yet, according to BCG , only one out of every five restaurants fully utilize the vast amounts of data they have access to from various sources. 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

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 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

The Restaurant Times

JUNE 1, 2021

It is crucial to monitor all activities that go into food production including sourcing, use of ingredients based on recipe and pricing. This can not only reduce inventory costs but also attracts customers. . Source: Upserve. Prime cost or direct cost of a business refers to the cost of labor and raw materials.

Seasonal Menu 52

Seasonal Menu Online Ordering Inventory Waste 52

The Restaurant Times

DECEMBER 15, 2021

The local and traditional food in the UAE is often referred to as Emirati cuisine. If the USP of your restaurant is the menu that you’re offering, you will have to pay extra attention to how you engineer your menu and price the items to cover your prime cost. . Stock & Inventory Management. What is Prime Cost ?

License 52

License Loyalty Program Food Safety Tourism 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. The cash flow statement shows the sources of your restaurant’s cash and how you spent over a given period of time.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Sling

JUNE 15, 2020

Inventory management. You can get product from multiple sources these days, but value only comes from a select few. Build relationships with your vendors to get such perks as bulk pricing, discounts, tailored delivery dates, and any other variable that benefits your business. Are they competitively priced? Innovation.

Management 78

Management Management Communication Technology 78

The Restaurant Times

DECEMBER 26, 2020

Inventory-related and on-counter thefts take many forms and bleed the restaurant dry, therefore becoming one of the top reasons why restaurants fail. Use a robust POS system that comes with integrated inventory management and anti-theft features that keep a complete check on all business transactions and inventory transactions.

Operations 52

Operations Loyalty Program Seasonal Menu Employee Relations 52

Modern Restaurant Management

MAY 11, 2022

Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Having an accurate handle on inventory enables a business to become more resilient and know what they can sell and when they can sell it, helping mitigate out-of-stock scenarios.

Inventory 218

Inventory Management Management Food Supply 218

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

Sling

FEBRUARY 2, 2020

Inventory management. To cultivate that trust and loyalty, make your suppliers feel like they are a part of your business rather than just a source of goods or services. This usually involves getting references from other businesses and sitting down with the potential supplier to learn about their experience and areas of expertise.

Management 78

Management Management Communication Customer Service 78

Cheetah

APRIL 10, 2020

It’s important to make sure the recruiter you choose has experience when it comes to sourcing good candidates for the restaurant industry. You have immediate references. There are both large national recruiting companies, as well as local ones that service specific regions. Your current staff are good people, who know good people.

Back of House 78

Back of House Hiring Recruiting Website Management 78

The Restaurant Times

JANUARY 31, 2022

Don’t be afraid to ask for references to ensure that you’re hiring the best candidate for your restaurant. If their prices are too high, you may always ask for a reduction or prioritize which services you require, decreasing the cost proportionately. Source: Vocal Media. Professional Kitchen Design .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

BNG Point of Sale

JULY 16, 2021

Revenue is the money that comes in for a restaurant, and it can be earned from many different sources. When it comes to getting your new restaurant off the ground, the rule of thumb is investing in new equipment, or just managing your cash flow for the next few months, you should make sure you have a reliable source of funding.

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52

Restaurant365

MAY 30, 2022

Familiar topics were perched on the crowd’s lips: inflation, rising food prices, the labor shortage, rolling waves of Covid. The world’s growing focus on alternative protein sources was on full display. The first thing they did was avoid making knee-jerk price increases. “In Plant-Based Protein Power .

2022 29

2022 Front of House Recruiting Back of House 29

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

SpotOn

MARCH 18, 2024

On the other side of the dining spectrum, there are restaurants with menus that offer an entire meal at a set price, also known as the prix fixe menu. The prix fixe menu is ideal for guests seeking to indulge in a larger meal for a higher price. The prix fixe menu doesn't only need to serve French food.

Menu 98

Menu Dietary Restrictions Fine Dining Seasonal Menu 98

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

7 Shifts

SEPTEMBER 19, 2019

Inventory management: Monitor and maintain food and beverage stock levels. For example, play a crucial role in sourcing candidates. Innovating: Identify issues in your restaurant—whether inventory or systems-related— and be willing to create solutions and processes to improve efficiency.

Management 284

Management Management 2019 Employee Relations 284

Restaurant365

FEBRUARY 22, 2022

While restaurant reporting refers to your numbers, restaurant analytics, on the other hand, provide actionable insights. Analytics may combine different sources of data or offer a dynamic view on various data segments. With POS integration, you can automate tracking your theoretical inventory based on sales. Reduce Food Loss.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Modern Restaurant Management

OCTOBER 16, 2019

Ono Guides are on-site liaisons to teach people about where the ingredients are sourced, how blends can affect their wellbeing, and how to create blends specific to their dietary standards or nutritional preferences. Increased inventory availability, faster delivery, better data, and constant innovation add value to the entire supply chain.

Food Truck 126

Food Truck Customer Service Customer Experience Dietary Restrictions 126

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 165

Supplies Food Supply Fast Casual Front of House 165

7 Shifts

DECEMBER 11, 2019

Franchisors should also actively source franchisee input on new initiatives and ongoing issues, while franchisees should utilize this privilege and share concerns as they arise. Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. The result?

Franchise 435

Franchise Franchising Email Marketing Communication 435

Xtra Chef

DECEMBER 11, 2019

Often used interchangably with restaurant accounting, restaurant bookkeeping may refer only to the recording of transactions in the general ledger. Inventory Management. Like most businesses, restaurants must manage an inventory of raw materials that will be converted into a final product that is sold to customers.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

MARCH 11, 2020

Whether you are looking for effective inventory management software or just a POS system for your business, restaurant management software is something you cannot afford to miss. They come with tools used to track inventory, restaurant orders, payroll, and analytics. This includes inventory needs, sales, employee turnover, and more.

Management 78

Management Management Cash Management Mobile Ordering 78

Apicbase

MAY 12, 2023

Drivers For OpEx OpEx refers to the practice of optimising operational processes to improve efficiency, reduce costs, and enhance the customer experience. Bring Clarity to Your Back of House Get real-time feedback about your restaurants’ inventory, procurement and menu performance in dynamic charts, graphs and dashboards.

Operations 52

Operations Back of House Sustainability Front of House 52

Open for Business

DECEMBER 12, 2023

The group of people that ended up funding his business wasn’t what he initially expected it to be, but those people referred him to other people and that process, repeated many times, landed him with the capital he needed to start Souvla. Feature prizes at a variety of price points to encourage as many people as possible to contribute.

Back of House 78

Back of House Restaurant Law Email Marketing Small Business 78

Restaurant365

NOVEMBER 21, 2019

At any of the four locations of The Boathouse, you’ll enjoy one of the finest culinary dining experiences the area has to offer, with authentic, locally sourced food, such as famous crab cakes perfected over three decades. The solution offers not just accounting but inventory management and scheduling as well.

Food 15

Food Demo Point of Sale Pricing 15

EATER

JULY 8, 2020

When you look past the Times Roman font and taupe background, the Food Timeline happens to be the single most comprehensive inventory of food knowledge on the internet, with thousands upon thousands of pages of primary sources, cross-checked research, and obsessively detailed food history presented in chronological order.

Food 144

Food Reference Back of House Book 144