7 Shifts

NOVEMBER 22, 2021

Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Customer Analysis : discuss the types of customers you will attract and serve. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market.

Document 394

Document Cash Management Small Business Take-out 394

The Restaurant Group

APRIL 21, 2024

You may have an excellent menu or location but if your supply chain or marketing is half-baked, it could jeopardize your operations and earning potential. Investing in Valuable Expertise Business consulting firms like TRG provide tailored analysis, solutions, objective insights, and strategies that can help your restaurant.

Food Supply 78

Food Supply Fine Dining Seasonal Menu Equipment 78

Restaurant365

NOVEMBER 12, 2021

Your restaurant’s menu engineering strategy impacts your menu mix, pricing, and your overall profitability. Leveraging a mix of operational reporting tools that focus on menu profitability helps you maximize revenue and adds to your bottom line. You are already generating data about your food cost, menu items, and sales levels.

Menu 143

Menu Operations Point of Sale POS 143

Modern Restaurant Management

FEBRUARY 14, 2022

Menu and Price Points. Your menu cannot be too similar to other restaurants, but neither should it be gimmicky. Take home a copy of their menu, or take a picture if you can’t get a copy. Explore what they offer on their menu and what they don’t. They will still be competing for your diners. Food Quality.

Transportation 229

Transportation Social Media Menu Pricing 229

Modern Restaurant Management

SEPTEMBER 20, 2021

To answer the question, RMS conducted online ordering behavior research, the first of its kind, in conjunction with the University of South Florida’s Center for Marketing and Sales Innovation (CMS I) and using TGI Fridays’ online menu. Suggestive Selling. 2) Exploration: Respondents narrowed and evaluated choices. (3)

Menu 193

Menu Mobile Ordering Online Ordering Website Management 193

Modern Restaurant Management

SEPTEMBER 28, 2020

Whether that be via restaurant operations, menu improvements, or services, there are quite a few criteria that restaurant owners constantly juggle to create the perfect balance. This ultimately influences your menu choices, because you may find that leaving certain meals off the menu will allow you to minimize leftovers.

Operations 219

Operations Website Management Social Media Customer Service 219

Modern Restaurant Management

APRIL 9, 2024

Currently, restaurants are leveraging AI in various aspects of their operations, including customer service, marketing, operations management, and data analysis. How are restaurants using AI now? What kind of restaurant functions are restaurant owners considered using AI as a tool to be more efficient?

Customer Experience 188

Customer Experience Customer Service Technology Inventory 188

7 Shifts

AUGUST 29, 2019

Menu engineering: while the name might suggest you need to go to college at MIT to be good at it, is actually a common and essential task that all restaurateurs should regularly undertake. Menu engineering can be simplified as the steps taken to increase the profitability of a restaurant menu. Menu Pricing and 2.

Menu 279

Menu Point of Sale Website Management Online Ordering 279

Modern Restaurant Management

APRIL 15, 2024

Analyze and Act on Survey Results Once you have enough survey responses, it’s time to conduct an in-depth analysis of the information. This analysis provides you with actionable information that will help to enhance your customers’ dining experience.

Management 192

Management Management Loyalty Program Social Media 192

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. For instance, if table turnover rates are lagging, it might be time to train staff for faster service or tweak the menu for speedier dish preparation.

POS 126

POS Operations Loyalty Program Seasonal Menu 126

7 Shifts

NOVEMBER 1, 2022

Competitor & SWOT analysis. For example, your ideal customers could be: Young families that want a kid's menu, great drinks, and to get home before 8. Complete a SWOT analysis for your competition. Complete a SWOT analysis for your competition. List three to five of them and perform a SWOT analysis.

Seating 222

Seating Email Marketing Marketing SEO 222

Restaurant365

FEBRUARY 22, 2022

Restaurant revenue analysis from your restaurant financial reporting software c an optimize your financial health and add to your bottom line. Improve Margins on Menu Items. Analytics can help you make decisions about your menu. How is restaurant reporting different from restaurant analytics? Optimize Labor.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Modern Restaurant Management

FEBRUARY 16, 2022

Modern Restaurant Management (MRM) magazine quizzed expert Kathryn Petralia, co-founder of Kabbage, an American Express Company, for her analysis on what restaurants owners need to understand about inflation. What are some best practices for restaurant owners to raise menu prices the right way?

Cash Management 203

Cash Management Food Supply Seasonal Menu Social Media 203

Apicbase

MAY 21, 2024

Whether launching a new concept or expanding into a different market, menu development is critical for a restaurant’s success. That means balancing brilliant ideas with practicality and taking the time to consider all variables that can impact food costs , menu scalability, and customer first impressions. What is Menu Development?

Menu 52

Menu Dietary Restrictions Allergens Seasonal Menu 52

Modern Restaurant Management

JULY 12, 2022

Review and Revise Your Menu Offerings. Before Restaurant Week kicks off, craft a menu that is friendly to both your bottom line and your customers. This way, you can encourage guests to return when your menu isn’t discounted while also encouraging employee retention by showcasing your kitchen team’s talents and creativity.

Loyalty Program 221

Loyalty Program Online Ordering Point of Sale Customer Experience 221

Open for Business

MAY 19, 2023

Quick links Branded cover Table of contents Concept Sample menu Service Management team Design Target market Location Market overview Marketing and publicity Specialists and consultants Business structure Financials 1. Incorporate your logo and mock up a formatted menu design (tap a designer for help if needed).

Fine Dining 147

Fine Dining Front of House Design Document 147

The Restaurant Group

MAY 16, 2023

Feasibility studies are comprehensive analysis and assessment of the workability and potential success of a new restaurant or food or beverage-related venture. This analysis should also look at the local demographics and consumer behavior. It helps you focus and steer your business in the right direction. Is it a business district?

Food Truck 78

Food Truck Fine Dining Food Order Dine-in 78

7 Shifts

AUGUST 12, 2020

Work on your brand strategy Create the face of your brand You probably already have a logo, a nicely designed menu, and all the other trimmings to make your restaurant look and feel like a cohesive brand. Complete a competitor analysis This will not only inform decisions such as pricing and menu ideas—but it can serve as inspiration too.

Marketing 420

Marketing 2020 SEO Loyalty Program 420

Modern Restaurant Management

NOVEMBER 21, 2022

Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. The decreased patronage along with inflation increases running costs, which means increased menu prices. Invoice processing, ordering, food cost management, and analysis are a time consuming, but necessary evil.

Operations 193

Operations Cash Management Seasonal Menu Loyalty Program 193

Modern Restaurant Management

FEBRUARY 17, 2022

Do a cost benefit analysis to make sure that offering delivery is financially beneficial for your business model. This also means potential customers will desire healthy menu options at a fair price. Consider Adding Festive Menu Items. Consider adding seasonal local food and drink flavors to your menu to spark attention.

Social Media 186

Social Media Seasonal Menu Customer Service Consumer Goods 186

Modern Restaurant Management

NOVEMBER 14, 2023

" Share improvements : Inform customers when you've made changes based on their feedback, such as, "Thanks to your input, we've updated our menu to include gluten-free options." Prioritize feedback : Focus on addressing the most critical issues first, using data analysis to identify trends and prioritize improvements.

Bar 186

Bar Tip Distribution Customer Experience Customer Service 186

Modern Restaurant Management

DECEMBER 6, 2021

We’ve come up with several tips that can help save your business money while improving it at the same time: Use technology to reduce labor costs : Through online management systems, waitlist kiosks, and QR codes that lead to your menu or website. Perhaps you could revisit your menu and retrain your servers to promote high-profit items.

Loyalty Program 193

Loyalty Program Insurance Website Management Customer Experience 193

Modern Restaurant Management

MARCH 16, 2021

Trim the menu. In a world where restaurants are fighting tooth and nail for every dollar, no restaurant can afford to waste product or energy on menu items that aren’t selling. The sophistication of reporting varies widely between POS systems, but even a basic system will offer key data for analysis. But where to start?

Sports 203

Sports POS Menu Food Order 203

The Restaurant Group

AUGUST 29, 2022

If people prefer burgers and fries over more exotic cuisine, then you need to make sure you have a menu with those options available. A plan outlines everything that will be included in your restaurant, from the menu items to staffing needs and marketing strategies. . Finally, you need to know who your competitors are.

Food Order 78

Food Order Advertising Menu Marketing 78

The Rail

MARCH 27, 2024

A thorough competitor analysis for restaurant businesses may include access to the following data: Operations Menu items and pricing Marketing methods Customer reviews In each area, data can help you to see what’s working for these other businesses that you can learn from. Menu optimization isn’t a once-off task.

Email Marketing 52

Email Marketing Point of Sale 2024 Seasonal Menu 52

Modern Restaurant Management

MAY 9, 2023

There has been an avalanche of commentary and analysis on how automation and AI have collectively helped restaurants cope with now all-too-familiar challenges: labor, supply, inflation. ” In a restaurant setting, personalization often lies in making informed menu recommendations – something automation excels at.

Mobile Ordering 175

Mobile Ordering Customer Experience Seasonal Menu Loyalty Program 175

Modern Restaurant Management

DECEMBER 28, 2023

AI-powered customer feedback systems utilize sentiment analysis and machine learning to provide insights into customer preferences and customer perception of your restaurant. Dynamic Pricing Strategies : Using AI algorithms menu prices will be dynamically adjusted, based on factors optimizing revenue and adapting to real time market trends.

2024 120

2024 Dietary Restrictions Customer Experience Customer Service 120

Modern Restaurant Management

JUNE 9, 2022

Reviewing your data from past menu adjustments may reveal an increase in the price of a chicken sandwich would create less of an impact on sales than bumping up the price of a hamburger. At the same time, data overload can give anyone analysis paralysis. Another way to slice and dice data is to comb through food costs.

Front of House 192

Front of House Point of Sale POS Cash Management 192

MBB Hospitality

NOVEMBER 15, 2023

Comprehensive Food Cost Analysis The first step to mastering restaurant food costs is conducting a comprehensive analysis. Delving deeper into food cost analysis also involves comparing your costs with industry standards to gauge performance. Designing a menu that balances high and low-cost ingredients can optimize profits.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

Restaurant365

DECEMBER 16, 2021

Actual vs. Theoretical Analysis. Your actual vs. theoretical (AvT) food cost analysis showcases what you should have theoretically spent on inventory, based on sales, versus what you actually spent, accounting for errors and waste. Menu Item Analysis. Labor Productivity Analysis by Week. Labor Actual vs. Scheduled.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Modern Restaurant Management

JULY 23, 2021

Data Analysis to Target Audiences. Data analysis is the key to better understanding these actions. Data analysis and segmentation is also beneficial for campaigns that introduce new menu items. With every click and purchase, customers reveal their intentions and preferences. Provide Value to Consumers.

Loyalty Program 221

Loyalty Program Mobile Ordering Download Email Marketing 221

ChowNow

OCTOBER 26, 2023

By using a derived importance analysis, SoundHound uncovered factors that revealed the true drivers of consumer preferences, providing a more complete picture of what customers really want. SoundHound can provide info about menu items, operating hours, and handle multiple calls at once—allowing you to focus on food and your in-house diners.

Mobile Ordering 97

Mobile Ordering Customer Experience Influencer Customer Service 97

Aaron Allen & Associates

NOVEMBER 12, 2021

If ever there were a time to invest in restaurant menu strategy, surely it should be now. Menu engineering is the spring cleaning equivalent in the industry. Menus, SKUs, inventory, POS data, etc. Our Most-Read Menu Insights. Every great restaurant chain turnaround has started with the menu.

Menu 105

Menu Merchandise Design Pricing 105

Modern Restaurant Management

MARCH 6, 2024

Other AI Functionalities in Restaurants: Beyond conversational interfaces, AI functionalities likely to gain traction in restaurants include predictive analytics for inventory management and AI-driven personalization for menu suggestions.

Customer Experience 185

Customer Experience Entertainment Customer Service Transportation 185

7 Shifts

AUGUST 20, 2021

Restaurant cost controls are an essential part of your business and the analysis of its financial performance. Look at Your Menu. 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. Menu Engineering.

Inventory 195

Inventory Food Supply Seasonal Menu Food Order 195

Modern Restaurant Management

FEBRUARY 2, 2021

The need for contactless delivery has spurred the use of digital check points – Consumers are more comfortable placing their orders through mobile apps, voice ordering, digital menu and kiosks; giving tech-savvy restaurants an edge in the race for information data. Analyzing Guest Checks and Market Basket Analysis.

Mobile Ordering 114

Mobile Ordering Point of Sale Customer Service Loyalty Program 114

Modern Restaurant Management

SEPTEMBER 1, 2020

This edition of MRM's "Ask the Expert” features advice from Buyers Edge Platform on the topic of menu engineering. Need to make menu changes? The best results right now can be discovered through the alteration of menus based on what consumers need now, and on what sells best. Keep in mind to keep the menu simple.

Supplies 193

Supplies Seasonal Menu Back of House Magazine 193