Remove Audits Remove Equipment Remove Inventory
article thumbnail

The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. In this guide we won't worry too much about the differences, but in general: A restaurant cost is a one-time expenditure on a material resource like food, liquor, dishes or kitchen equipment.

License 370
article thumbnail

How to Expand Your Franchise: A 10-Step Roadmap for Restaurants

7 Shifts

Step 1: Audit Your Current Location(s) Before you start planning for your future, take a look at your past and your present. Still, you should conduct a thorough audit of your current restaurant(s) before expanding your business further. Read on for our actionable, step-by-step process on how to expand your franchise.

Franchise 368
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Adopting Tech Solutions Is the Smartest Decision Restaurants Can Make

Modern Restaurant Management

Hot Palette Holdings uses AI to improve their forecasting, optimize inventory, and reduce waste. Innovative tech tools, like AI, can improve forecasting, inventory management, scheduling, customer service, marketing, and many other essential business tasks. For instance, technology can help restaurants: Optimize operations.

article thumbnail

Revolutionizing Catering Compliance: The Future of Food Safety

Modern Restaurant Management

Manual monitoring techniques and outdated equipment hinder the restaurant industry’s ability to keep up amidst the sea of competitors who’ve already embraced the digital era of food safety. A reactive response to catering compliance due to such will no longer do.

article thumbnail

Three Ways IoT’s Physical-Digital-Physical Framework Helps Restaurants Enhance Operational Efficiency

Modern Restaurant Management

Leveraging a physical-digital-physical framework ensures that restaurant management is maximizing their digital assets, human labor, and capital equipment investments. A digital sensor detects a temperature reduction inside a freezer due to overfilled inventory. Preempting Equipment Failures.

article thumbnail

Tips to Navigate a Perfect Storm That’s Threatening Our Food Supply

Modern Restaurant Management

Today’s digital solutions allow you to audit and evaluate your supply chain’s sustainability and resilience. Elevate your inventory management. You can’t properly manage your spending if you don’t have a good handle on your inventory. Use tech tools to manage your supply chain. Reduce food waste.

article thumbnail

COVID Caused Five Permanent Changes in the Restaurant Industry

Modern Restaurant Management

For many brands, an annual audit was the norm, while employees may have focused on not "getting in trouble" or "getting a good score" rather than the creation of culture. Digital inspections, inventory, and line checks are much faster, easier, and more accurate than manual processes.

Audits 189