Modern Restaurant Management

MAY 17, 2023

Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees. Another is to add convenience like saved orders, saved payment methods or Apple Pay, loyalty programs, and personalized offers or perks. Loyalty rewards don’t have to include discounts and coupons anymore.

Loyalty Program 189

Loyalty Program Mobile Ordering Social Media Customer Experience 189

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 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

NOVEMBER 30, 2023

Streamlining Inventory and Menu Studies show that restaurants waste an average of four percent to 10 percent of all the inventory they purchase. By delving into order histories and discerning customer preferences, operators can devise targeted loyalty initiatives or discounts.

POS 129

POS Operations Loyalty Program Seasonal Menu 129

Modern Restaurant Management

FEBRUARY 3, 2022

Inventory and Menu Management : Though 47 percent of operators say that all or most of their suppliers increased prices during the pandemic, two-thirds of restaurants maintained or increased their menu offerings. Now, more than half of all operators (57 percent) report offering a loyalty or rewards program of some kind.

Loyalty Program 194

Loyalty Program Online Ordering Cash Management Point of Sale 194

Modern Restaurant Management

OCTOBER 6, 2022

Data reveals that bars with happy-hour programs had an average increase in revenue of 26 percent during happy hours. Happy hour promotions can help build brand loyalty and create a sense of community around your business. Don't forget that the happy hour crowd is a price-sensitive bunch.

Loyalty Program 203

Loyalty Program Social Media Point of Sale Customer Experience 203

Open for Business

JUNE 30, 2023

Done well, building a brand creates an emotional connection with guests before they step foot in a restaurant and builds long-term loyalty that keeps them coming back. Establishing a loyalty program can be a large part of a restaurant’s brand. Understanding your restaurant’s brand can bring in more loyalty.

Loyalty Program 78

Loyalty Program Email Marketing Social Media Customer Experience 78

Modern Restaurant Management

DECEMBER 21, 2022

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. Expand Customer Loyalty : This year, many restaurants didn’t necessarily see a drop in topline sales, but instead suffered drops in visit frequency.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

Modern Restaurant Management

MAY 5, 2022

While high stock prices of crypto companies like Bitcoin grab headlines, they are gaining traction with consumers since blockchain technology helps make transactions easier without needing an intermediary such as a bank or credit card company. After announcing the partnership, the company ran a pilot program in outlets in Denver this month.

Serving 189

Serving Loyalty Program Food Supply Point of Sale 189

Sling

MAY 9, 2023

For more suggestions on how to build strong relationships at work, check out these articles from the Sling blog: How to Have a Strong Employee/Employer Relationship 12 Leadership Theories And Styles For Managers 2) Improve restaurant security A strong RO program will also include some form of security. Here’s how to achieve that.

Operations 78

Operations Loyalty Program Food Safety Front of House 78

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

Future Food

SEPTEMBER 6, 2023

F&B CPI has further fed into the business sustainability equation recently in driving F&B pricing higher, as the slow repricing response from F&B operators lead to a game of catch up in the last year. During the last year of the pandemic, costs grew faster than prices rose.

Hospitality 78

Hospitality Loyalty Program Retail Food 78

Future Food

SEPTEMBER 4, 2023

F&B CPI has further fed into the business sustainability equation recently in driving F&B pricing higher, as the slow repricing response from F&B operators lead to a game of catch up in the last year. During the last year of the pandemic, costs grew faster than prices rose.

Hospitality 78

Hospitality Loyalty Program Fast Casual Food 78

Modern Restaurant Management

OCTOBER 18, 2022

Historically high gas prices are pushing consumers towards EV options. Are you minimizing waste (and associated costs)? Tech tools can help boost efficiency, reduce waste, staff smarter, as well as improve inventory, ordering, inspections, and more. It’s not enough to implement strict QA programs in your restaurant.

Audits 189

Audits 2040 Food Safety Consumer Goods 189

Harbor Touch

DECEMBER 20, 2022

This could include introducing loyalty programs, special offers, or custom menus based on customers’ past purchases. Additionally, restaurants can offer loyalty programs or discounts to incentivize repeat visits and increase customer satisfaction. Innovating online ordering. Introducing kitchen automation.

Loyalty Program 78

Loyalty Program Online Ordering Kitchen Safety Customer Experience 78

Open for Business

MAY 19, 2023

And showing that you’re aware of the latest trends can attract new guests, build loyalty, and raise your profile. With the promise of lower labor costs, less waste, more effective marketing, and a better guest experience, it’s easy to see why. These are some of the latest hospitality trends to consider for your restaurant.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

Clover - Restaurants

APRIL 25, 2024

In fact, we’ll tell you why sharing your secret sauce can even be a key to customer loyalty. To help control cost: By precisely documenting ingredient quantities, recipe cards can help minimize food waste –and as a result, optimize profitability. They can be traced all the way back to Ancient Greece and Rome.

Design 52

Design Loyalty Program Social Media Allergens 52

The Restaurant Times

JUNE 6, 2023

By optimizing inventory management, restaurant software empowers businesses to minimize waste, prevent overstocking, and maintain adequate supplies. With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability.

Inventory 52

Inventory Management Management Loyalty Program 52

Modern Restaurant Management

JANUARY 12, 2022

But despite these concerns, 46 percent of people noted they will eat out daily to several times a week in coming months and showed a growing loyalty to their favorite brands. CGA’s BeverageTrak solution combines powerful datasets to provide an ultra-granular view of how brands and categories are being consumed, when and at what price.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Restaurant365

SEPTEMBER 3, 2021

The difference between the two represents food that is being wasted due to errors, spoilage, or improper usage. Minimizing Food Waste. In addition to examining inventory and purchasing processes, a profitability strategist can also develop strategies for mitigating food waste. Implementing New Pricing.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Modern Restaurant Management

DECEMBER 16, 2021

We expect restaurants to place more emphasis on these things given increased competition in the space as operators aim to increase brand loyalty both internally and externally. Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. Smaller menus in general.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

Kounta

NOVEMBER 10, 2019

We surveyed 1,000 coffee drinkers from all states and territories across Australia about their attitudes and expectations when it comes to the price, quality and experience of ordering a takeaway coffee. Loyalty programs remain a strong drawcard for coffee drinkers in Australia. for a speciality cup.

Loyalty Program 63

Loyalty Program Café Customer Service Customer Experience 63

Focus POS

JANUARY 15, 2020

Your restaurant POS systems helps reduce costly errors by improving order entry accuracy, and can optimize your pricing to ensure you get the best profit margin possible. This can help you pinpoint areas of theft and waste, and help you accurately forecast your inventory needs. Labor Management.

POS 151

POS Front of House Loyalty Program Inventory 151

Squirrel Systems

FEBRUARY 16, 2024

For restaurants focusing on sustainability, POS solutions can track the usage of ingredients to minimize waste, manage supply chains more efficiently, and even provide data on the carbon footprint of menu items. They support online ordering, mobile payments, and loyalty programs and can integrate with third-party delivery services.

2024 52

2024 Technology Menu Mobile Ordering 52

The Restaurant Times

FEBRUARY 28, 2023

According to Hospitality Technology’s 2023 POS Software Trends Report , restaurateurs are particularly interested in using analytical information for the following: digital engagement, payment streamlining, and menu optimization , followed by the reward program, upselling, and personalized offers. How Do Restaurants Gather Data?

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

Focus POS

DECEMBER 4, 2020

An online ordering solution that improves efficiency should be intuitive, allowing restaurant managers to update menu items and prices easily. This data will also hand you better control over your inventory, reducing ingredient waste, and saving you dollars. Can it help generate additional revenue?

Online Ordering 146

Online Ordering Ordering Mobile Ordering Point of Sale 146

BNG Point of Sale

SEPTEMBER 2, 2021

Reduce Food Waste . Reducing food waste across your whole operation can have a considerable influence on your bottom-line revenues. In the kitchen, develop a laser focus on reducing food waste. Create a culture in which food waste is unacceptable. . Loyalty Program .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

BNG Point of Sale

AUGUST 27, 2021

However, maintaining menu-mix information up to date can be difficult, especially in multi-unit, multi-region restaurant chains with constantly changing expenses, menu items, and selling prices. . Selling price – cost of goods) / selling price = gross profit . Engage in a loyalty program .

Food 52

Food Point of Sale Online Ordering Loyalty Program 52

The Restaurant Times

OCTOBER 3, 2023

Goodhew leads the technology strategy and execution at BurgerFi, where he oversees the digital platforms, loyalty program, online ordering capabilities, and store systems that deliver a seamless guest experience and drive business growth.

Innovation 52

Innovation Fast Casual Retail Loyalty Program 52

Modern Restaurant Management

SEPTEMBER 15, 2021

It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. 41 percent of consumers ages 18-34 indicated interest in monthly meal subscriptions, especially if offered at a discounted price. ” Supporting Local. ” Attracting New Diners.

2021 178

2021 Loyalty Program Retail Online Ordering 178

Restaurant365

JUNE 4, 2021

If you haven’t yet started a loyalty program, consider implementing one. Reward programs can engage your customers, encouraging them to visit more often and participate in specials. Loyalty programs can also include incentives to encourage referrals, which is a win-win for both your loyal customer and your restaurant.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

The Restaurant Times

JANUARY 11, 2023

Even technology comes with a price tag, continuous innovations and wide adoption make them more accessible and cost-effective. . Additionally, since the customer is in charge of placing the order, accuracy goes up, and waste goes down. . These apps are also the perfect way to run loyalty programs for customers.

Ordering 52

Ordering Online Ordering Mobile Ordering Loyalty Program 52

Apicbase

MARCH 17, 2023

Adopting technology allows you to track inventory levels in real time, streamlining the supply chain , reducing waste, and ensuring ingredients are always available when needed. When you’re trying to build loyalty with your customers, you want them to have a consistent experience every time they visit.

Customer Experience 52

Customer Experience Consumer Goods Food Supply Customer Service 52

Sling

JULY 24, 2023

UpMenu is an online ordering platform with a built-in customer loyalty system and options for building branded websites and apps. 16) MarketMan MarketMan helps restaurants save money by simplifying the process of ordering ingredients and eliminating waste. 12) UpMenu For many types of restaurants, online ordering has become essential.

2023 78

2023 Management Management Tip Distribution 78

Modern Restaurant Management

DECEMBER 16, 2019

Starbucks and McDonald’s were also the leaders when it came to customer loyalty or visits per visitor with customer visited 2.4 “Most QSR and Fast Casual brands have already adopted a digital ordering program. The survey found that loyalty programs can be important motivators as well, according to 58 percent of respondents.

2019 128

2019 Compost Mobile Ordering Point of Sale 128

Modern Restaurant Management

OCTOBER 26, 2020

Alternatively, you can create a dinner-for-one promotion so that university students and the like can enjoy a meal without having to grocery shop or worry about food waste. For example, if there is a music event or movie screening planned, offer take-out dinner boxes or pre-show happy hour snacks and cocktails at a special price.

Social Media 218

Social Media Events Food Safety Small Business 218

The Restaurant Times

OCTOBER 27, 2021

You can go for personalized marketing and appreciate their loyalty by greeting them and giving them discounts on their birthdays or other special occasions. Moreover, you can leverage your loyalty programs by offering tier-based or point-based programs to bolster customer loyalty and sales.

Bar 52

Bar Loyalty Program Point of Sale Social Media 52