7 Shifts

AUGUST 6, 2021

In this post, we'll walk you through everything you need to know about restaurant sales forecasting - from the reasons why to forecast, to steps on how to create forecasts accurately, to what you should consider when forecasting for your restaurant. Restaurant Sales Forecasting Method & Techniques. Table of Contents.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

Culinary Cues

APRIL 23, 2022

The cost of raw materials seems to always go up, most ingredients that restaurants use are highly perishable, customer volume is less predictable than we would like, seasonal differences in quality are quite significant, the supply chain is out of step with demand, and waste seems to be a real problem in many operations.

Food 390

Food Seasonal Menu Waste Point of Sale 390

Apicbase

OCTOBER 28, 2022

If CoGs and overheads rise due to inflation, your menu prices should follow. That way, you can keep price increases minimal. In normal circumstances, when menu prices have to be adjusted, it is usually done strategically and with great caution. Drastic price hikes are the last resort for restaurants.

Pricing 98

Pricing Point of Sale Inventory Seasonal Menu 98

7 Shifts

JULY 16, 2021

Take it one step further by diving into their lifestyle habits and spending patterns. 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! This research will dictate your hours of operation and pricing plans!

License 459

License Hiring Equipment Point of Sale 459

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

7 Shifts

APRIL 3, 2020

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales.

BOH 368

BOH POS Influencer Point of Sale 368

Modern Restaurant Management

MAY 19, 2022

The prices of goods and services have increased 8.5 Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. One highly effective strategy is taking the top-down and bottom-up approach. Take Advantage of QR Codes. Prioritize Accurate Recipe Costing.

Waste 187

Waste Food Supply Point of Sale Inventory 187

Modern Restaurant Management

MAY 26, 2022

Since we can’t get away from rising prices and supply chain bottlenecks, we can look for new approaches that can help manage the impact. Many restaurants are doing this by raising prices, cutting costs, taking items off the menu, and making do with lean crews. Tell me appropriate temperature ranges.

Management 183

Management Management Webinar Seasonal Menu 183

Focus POS

DECEMBER 8, 2021

When you factor in the complications of the post-pandemic recovery like supply chain issues, COVID-cautious diners, and labor shortages, it’s clear that owning a restaurant right now is not for the faint at heart. The take-out boom and supply chain disruptions have caused a scarcity of items such as pizza boxes and to-go containers.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Culinary Cues

DECEMBER 17, 2020

None, however, are as devastatingly out of the operators control as this pandemic. There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

Modern Restaurant Management

JANUARY 5, 2023

If you want to expand your reach in an auction, that extra reach will be at a higher cost because either a competitor is already willing to pay more than you or there is a lack of supply with ad space that your budget demands. If you put more money into digital, at what point would your money be better spent somewhere else?

Advertising 192

Advertising Point of Sale Social Media Supplies 192

Modern Restaurant Management

OCTOBER 13, 2022

Rising inflation has impacted businesses for the better part of the year, leading many to modify their menus and increase prices in the face of higher ingredient costs. Recent surveys are showing the vast majority of Americans have been cutting back on dining out. Adopt In-House Technology to Improve Service and Reduce Errors.

Technology 180

Technology Loyalty Program Mobile Ordering Download 180

Cheetah

NOVEMBER 23, 2021

The busy season is underway, and for caterers and restaurants it is the biggest opportunity in the past two years to boost sales and make a hefty profit. Most travel and social distancing restrictions have been lifted and supplier indications point to a record breaking catering season. 2021’s Massive Holiday Catering Opportunity.

Catering 148

Catering Food Supply Seasonal Menu Supplies 148

Clover - Restaurants

APRIL 23, 2024

Yet, purchasing a restaurant can bring a new set of challenges that are worth considering before you take the plunge. You likely won’t need to invest in equipment, furniture, permits , and build-out costs. You’re also taking on an existing concept, menu, and potentially a location that may need renovation.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

ChefMod

OCTOBER 20, 2021

Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. A quick swipe is all it takes to estimate how much product you’ll need for the coming month. Unlike manual entries, an automated food pricing and costing process enable you to carry out detailed analytics.

Catering 52

Catering 2022 Pricing Food Supply 52

Modern Restaurant Management

SEPTEMBER 7, 2023

Let’s take a closer look at the total cost of ice equipment ownership. The Initial Purchase/Capital Costs The most you’ll spend on your ice machine at one time will be the purchase price, which ranges from $5,000-$10,000 for the most popular models. Post-Sale/Operational Costs Post-purchase ice machine bills are inevitable.

Equipment 189

Equipment Customer Service Small Business Point of Sale 189

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. Application of Blockchain in the Food Industry. Examples of Crypto Restaurants in the US.

Serving 189

Serving Loyalty Program Food Supply Point of Sale 189

Modern Restaurant Management

DECEMBER 16, 2021

With current supply chain issues and these brands already operating under thin margins, we expect operators to be strategic when it comes to menu sizes, limited offerings and daypart offerings to limit waste, cut costs, and maximize profitability. We also foresee a lot of companies will redesign locations even further to maximize efficiency.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Perfect Daily Grind

NOVEMBER 4, 2022

The survey found that that 35% of respondents were expecting to be operating at a loss or face closure by the end of the year, with 96% of businesses also experiencing higher energy costs and 93% facing food price inflation. Fairtrade launches Living Income Reference Price for Ugandan arabica.

2023 126

2023 Hospitality 2022 Food Supply 126

Modern Restaurant Management

AUGUST 31, 2022

Restaurants are grappling with labor shortages, supply chain disruptions and inflation. Many restaurants have increased the price of certain menu items and continue to do so, unfortunately losing customers in the process. consumers are dining out less often. percent pre-pandemic employment levels. As a result, 80% of U.S.

Restaurant Law 208

Restaurant Law Fine Dining Point of Sale Customer Service 208

Modern Restaurant Management

JANUARY 12, 2022

71 percent rely on delivery for 11 percent or more of sales. 33 percent rely on delivery for more than 20 percent of sales. 65 percent rely on mobile ordering for 11 percent or more of sales. 25 percent rely on mobile ordering for more than 20 percent of sales. Investment in delivery and mobile ordering pays off.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Modern Restaurant Management

AUGUST 19, 2020

Knowing that beverages offer the longest shelf life and highest margin, BevAlc is taking center stage for restaurants owners. For BevAlc buyers, price point as a function of quality, although always important, will become crucial over the coming months and years.

Cash Management 228

Cash Management Point of Sale Consumer Goods Small Business 228

Perfect Daily Grind

SEPTEMBER 28, 2022

To find out, I spoke with PRF Colombia panellists Ricardo Pereira and Nicholas Castellano. Across the coffee supply chain, data collection is an essential part of communicating and improving coffee quality. And while this is certainly significant, more and more producers are using data technology to benefit coffee production.

Supplies 136

Supplies Sustainability Cash Management Point of Sale 136

The Restaurant Times

SEPTEMBER 4, 2020

Pricing menu items for your restaurant business is one of the most challenging yet essential tasks. There are multiple ways of pricing the restaurant menu correctly. You can either find out the cost of your food and supplies and charge your customers three times its value. Factors Affecting The Restaurant Menu Pricing.

Pricing 52

Pricing Menu Food Supply Food 52

SpotOn

MAY 3, 2024

So, if you want to get the most out of it, you've got to plan ahead. But first, let's get some basics out of the way. Gordon Food Service, Katom Restaurant Supply Inc., See the full list of prices and registration options. Follow our step-by-step guide to get the most out of your visit to the show.

2024 81

2024 2023 Food Supply Hotels 81

EATER

DECEMBER 14, 2021

Supply chain disruptions were a theme of 2021, but thanks to viral recipes, some ingredients were hit especially hard I learned a hard lesson on a recent trip to my local Asian supermarket, Tan A. When I found the shopkeeper and asked him where the Kewpie was, he threw his hands up in disgust: “Sold out! Best lunch of the week!”

Food 115

Food Food Supply Point of Sale Food Safety 115

Modern Restaurant Management

OCTOBER 4, 2021

The data also points to a broken customer arrival experience. The data further signaled that price increases have had a significant impact on consumer restaurant habits. Nearly two-thirds (63 percent) of participants indicated they have ordered or visited less due to higher prices. The State of What Feeds Us.

2021 170

2021 Fast Casual Mobile Ordering Social Media 170

Black Box Intelligence

APRIL 12, 2023

food prices grew at a slower rate in February compared to January (9.5% food prices grew at a slower rate in February compared to January (9.5% And although prices are expected to continue to grow more slowly in 2023 than in 2022, price growth is still projected to be above historical-average rates. versus 10.1%).

Food 76

Food Loyalty Program 2023 2022 76

Modern Restaurant Management

FEBRUARY 2, 2023

Considering the major spikes in take-out and delivery, operators should plan to keep their grills running hot. They might also want to restock popular brews, with recent research from the International Wine and Spirits Record asserting that the alcohol e-commerce sales will hit $42 billion by 2025. Sell chicken wings.

Menu 88

Menu Point of Sale Seasonal Menu 2025 88

Margin Edge

FEBRUARY 3, 2022

Labor shortages, supply chain issues, sick employees, not enough financial assistance, hesitant diners- the list goes on and on and we know if you’re running a restaurant right now this is by no means breaking news. Take consistent inventories. Oftentimes, the biggest culprit for out-of-control food costs in a restaurant is waste.

2022 98

2022 Food Seasonal Menu Waste 98

Cheetah

JULY 1, 2021

The pandemic has exacerbated the restaurant labor crisis and there is only one way out – offering staff higher wages and improving benefits. But Restaurants can still significantly reduce product costs by adjusting to price fluctuations in the market. Finally, look for suppliers who are upfront about prices.

Fine Dining 148

Fine Dining Customer Experience Front of House Customer Service 148

Cheetah

JULY 1, 2021

The pandemic has exacerbated the restaurant labor crisis and there is only one way out – offering staff higher wages and improving benefits. But Restaurants can still significantly reduce product costs by adjusting to price fluctuations in the market. Finally, look for suppliers who are upfront about prices.

Fine Dining 148

Fine Dining Customer Experience Front of House Customer Service 148

BNG Point of Sale

SEPTEMBER 7, 2021

The cost of goods sold is also referred to as the “cost of sales.” Supplies used in either making or selling the product. . To ensure a profitable business, the Food Service Warehouse recommends your restaurant’s cost of goods sold (CoGS) should not be more than 31% of your sales. Cost of items intended for resale. .

Point of Sale 52

Point of Sale Inventory Food Supply Seasonal Menu 52

Perfect Daily Grind

SEPTEMBER 23, 2022

The improved performance has been attributed to a global supply shortage and increased volumes. Kenya’s national coffee auction platform says the country sold 52.58% more 60kg bags of coffee in the 11 months to August 2022, representing an increase in coffee earnings of US $81 million. Nominations close on 3 October. Tue, 20 Sep.

Workshop 130

Workshop 2022 Food Truck Events 130

Modern Restaurant Management

JULY 15, 2020

According to the latest Financial Trends Insights from Black Box Financial Intelligence™ , based on data from the week ending June 28, restaurants sales continue improving. See the latest sales and traffic results here: Sales Improve but Restaurants Should Brace Themselves for Challenges Ahead. Financial Trends Insights.

2020 195

2020 Mobile Ordering Point of Sale Fast Casual 195

Apicbase

MAY 8, 2024

Expense tracking: MarketMan Snap is an app that lets you take photos of receipts and invoices and upload them to the system. MarketMan tracks ingredient prices to help optimise menu prices. You can track spending over time and receive alerts on price changes. It can analyse the images and extract information.

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Perfect Daily Grind

MAY 20, 2022

The Golden Cup takes place in 15 countries. According to Grand View Research, online sales of RTD coffee and tea products are expected to increase the most during the analysis period. Third World Coffee Producers Forum to take place in hybrid format. Brazil’s coffee exports drop 24% in April. Tue, 17 May.

2022 129

2022 Events Recycling Café 129