EATER
FEBRUARY 27, 2024
Fast food chain Wendy’s has announced plans to test “dynamic pricing” at its locations across the country, beginning in 2025. According to CNN, the move is a part of the chain’s $20 million investment in digital menu boards, which will allow it to tweak the price of a Biggie Bag or Frosty in real time. If so, you’re in luck!
Modern Restaurant Management
MARCH 2, 2023
Some of the most common elements across these various consumer-driven businesses include pricing, location, environment, quality of goods and services, access, parking, and so on. No other technology area garnered a higher number of companies increasing expenditures. Are your staff sufficiently trained in how to handle your customers?
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Modern Restaurant Management
DECEMBER 30, 2020
Digital transformation accelerates forward as restaurants go virtual : Across both on- and off-premise experiences, technology played an integral role in powering safe options for customers. In addition to restaurants increasingly adopting technology, the popularity of ghost kitchens skyrocketed, increasing 60x in 2020 from 2019.
Modern Restaurant Management
SEPTEMBER 1, 2023
Integration between the POS and inventory management software allows inventory to be managed from end-to-end by automating steps such as tracking recipes, uploading invoices and auto-updating item prices. Restaurant-specific accounting technology automates the journal entry process.
Goliath Consulting
MAY 10, 2022
To cover supply chain costs, restaurant owners need to raise their prices. However, will raising these prices cause them to lose some loyal customers who cannot afford it anymore? Therefore, to be able to keep up with the cost of items, restaurant owners have increased their menu prices. percent over the year.”
Cheetah
SEPTEMBER 23, 2021
COVID-19, supply chain issues and rising food prices have placed the future of major broadliners at risk. You Like the Pricing Policy of Big Suppliers. Does guessing the real price of products feel like a fun game to you? Do you find it amusing to find out you’ve been paying much higher prices than the restaurant next door?
Cheetah
JANUARY 13, 2022
What’s more, advertising deals about non-core products, like restaurant merchandise and swag , boost alternative revenue streams. In 2017, for example, Starbucks collected 30% of their revenue via mobile payments on their Starbucks Rewards member’s app, which supports buying Starbucks merchandise anywhere.
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