Restaurant365

JANUARY 28, 2020

Inventory forecasting is calculating the precise amount of future inventory and production needs for your restaurant, and it also takes into account historical consumption patterns and the shelf life of finished goods. It may take a minimum of three employees to run a small restaurant, regardless of sales. Inventory Projections.

Inventory 145

Inventory Seasonal Menu Employee Relations Customer Experience 145

Hot Schedules

MARCH 26, 2020

Managing Inventory in the Days of COVID-19. Other operators are donating excess inventory , helping serve their community where they can. Whether you are temporarily closing operations or adapting your inventory for a delivery/to-go model, here are some tips from our Solutions team: For Businesses Open for Delivery, Takeout/Carry-Out.

Inventory 97

Inventory Management Management Social Media 97

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

Management 195

Management Management Kitchen Safety Front of House 195

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

Inventory 78

Inventory Management Management Food 78

Hot Schedules

JULY 15, 2021

Find out more about how your brand can take advantage of these supplier management strategies and more through Fourth’s purchase-to-pay and inventory solution. Related Posts. Read More The Problems with Managing Inventory in Spreadsheets Using spreadsheets for hospitality inventory management is inaccurate, inefficient, and unwise.

Pricing 148

Pricing Management Management Cash Management 148

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Tracking labor and payroll data for restaurant employees.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

AUGUST 4, 2020

You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Hot Schedules

JUNE 30, 2021

With near real-time updates into inventory, POS data, and guest sentiment, operators are equipped to make necessary decisions in the moment, rather than having to wait for monthly reports to arrive weeks after the fact. Related Posts. Keeping Your Hotel Operations Agile Through Data-Driven Analytics.

Hotels 148

Hotels Operations Employee Relations Retail 148

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

ChowNow

AUGUST 19, 2024

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

Cash Management 78

Cash Management Management Management Inventory 78

Culinary Cues

SEPTEMBER 27, 2023

Why do we remember this line and what significance might it imply in relation to work in a kitchen? We all experience this throughout our time on this planet – so that one line is relatable – it represents each of us. So, let’s take inventory. Just like athletes – cooks need conditioning.

Employee Relations 392

Employee Relations Training Fine Dining Communication 392

Culinary Cues

DECEMBER 30, 2022

Okay, so there are certainly employers out there who probably don’t deserve good employees, and, in those situations, I can understand some level of discontent, but not to the extreme of stating that being a cook is a dead end. The only time when pay is strictly related to the job title is when you only give back what is expected.

Workshop 367

Workshop Article Uniforms Take-out 367

Culinary Cues

NOVEMBER 17, 2020

The chef will likely be the most experienced culinarian with responsibility for the financial operation of the kitchen, menu planning, ordering and inventory control, training, and quality control. Restaurant employees are part of a culture that doesn’t fit anywhere else. www.harvestamericacues.com BLOG. Restaurant Consulting.

Seasonal Menu 522

Seasonal Menu Back of House Customer Service Front of House 522

Hot Schedules

JULY 26, 2021

Rather than limiting inventory or reducing the customer experience, here are five ways the right retail scheduling solution empowers managers to cut costs through efficient workforce management — without burning out the staff. Only after reviewing this data can managers make informed decisions regarding employee overtime. Alarm Bell.

Retail 148

Retail Point of Sale Employee Relations Inventory 148

Hot Schedules

SEPTEMBER 3, 2021

B etween payroll, inventory, reporting, and more, it’s easy for a manager to get trapped in the back office, sinking under paperwork. In this blog, we’ll explore some tasks that threaten to drag managers down and some service industry back office solutions to help them sail the ship in the right direction. b3lineicon|b3icon-list-add|?|List

Food Safety 147

Food Safety Back of House Front of House Inventory 147

Restaurant365

JULY 24, 2020

The focus of this blog post is to help existing restaurants launch their own ghost kitchens. Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Many employees do not feel safe coming back to their restaurant jobs because they don’t feel safe.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Hot Schedules

NOVEMBER 3, 2021

You have lots of choices on which companies supply your restaurant inventory, but how do you spot and manage great food suppliers? As 2022 promises further recovery, controlling your inventory costs remains essential, but not at the expense of compromising quality or offering. Related Posts. b3lineicon|b3icon-heart-care|?|Heart

Hotels 148

Hotels 2022 Menu Tip Distribution 148

Restaurant365

MAY 26, 2020

To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS. As you reopen your dining room, it is more important than ever to stay on top of your inventory management. Dial in your Cost of Goods Sold.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

Hot Schedules

SEPTEMBER 27, 2021

toward the minimum wage for tipped employees. This means tipped employees will also see a bump in hourly pay to $6.98 Related Posts. Stay Afloat by Automating These 5 Admin Tasks Between payroll, inventory, reporting, and more, it’s easy for a manager to get trapped in the back office, sinking under paperwork.

Hotels 78

Hotels Employee Relations Inventory Supplies 78

7 Shifts

MARCH 27, 2020

Consider things like merchandise sales, inventory sales, or private cooking lessons. Can you give dine-in related employees other tasks to do that will benefit your business and ensure that they don’t lose their income? A blog post explaining why you are closed when you expect to reopen is also a good idea.

Social Media 312

Social Media Restaurant Law Employee Relations Communication 312

Hot Schedules

MARCH 27, 2020

Relief Funds Raising Money to Help Restaurant Employees. Nonprofit organizations across the country are accepting donations to support restaurant employees impact by Coronavirus (COVID-19). CORE: Children of Restaurant Employees. If you are a food or beverage service employee who has been diagnosed with COVID-19, apply here.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148

Hot Schedules

JANUARY 12, 2022

From time and attendance advancements tracking the employee from clock-in to punch-out to POS analytics feeding corporate monthly location performance trends, there’s no doubt innovation will give restaurant groups insights and efficiency undreamed of just a decade ago – but how do IT teams go about orchestrating a great reinvention?

Back of House 147

Back of House Employee Relations POS Government 147

Clover - Restaurants

MAY 31, 2024

POS software can also include inventory management to control restaurant food waste , online ordering for restaurant features, and more. Not having POS capabilities may result in the following costs related to restaurant operations and revenue. Accurate inventory management helps you optimize food purchases.

POS 52

POS Cash Management Point of Sale Mobile Ordering 52

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. Business must have fewer than 300 employees. It will also be linked within this blog post once it is available.). Good news for restaurants.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Hot Schedules

APRIL 1, 2020

Learn how to adjust privacy settings, stay in touch with inactive employees and use preloads in Above Store Console. Related Posts. Relief Funds Raising Money to Help Restaurant Employees. Managing Inventory in the Days of COVID-19. Managing inventory these days can be a real challenge. In-Schedule Reports.

Operations 78

Operations Employee Relations Education Inventory 78

Restaurant365

JANUARY 11, 2022

With an automated manager log, you can view your restaurant’s performance metrics, tasks, logs, accounting transactions, and scheduled employees — all in one report. Optimize employee productivity using a manager log. Track the status of staff tasks and view flagged entries to optimize employee productivity.

Management 158

Management Management Employee Relations Communication 158

Restaurant365

JANUARY 11, 2022

With an automated manager log, you can view your restaurant’s performance metrics, tasks, logs, accounting transactions, and scheduled employees — all in one report. Optimize employee productivity using a manager log. Track the status of staff tasks and view flagged entries to optimize employee productivity.

Management 142

Management Management Employee Relations Communication 142

Hot Schedules

SEPTEMBER 14, 2020

A successful return to business will require the implementation of intensive new cleaning and safety programs for the protection of guests and employees while balancing the cost to your business. To find out how we can help you managed increased materials cost, check out our Inventory Management solution for Hotels. Related Posts.

Hospitality 78

Hospitality Management Management Employee Relations 78

Hot Schedules

MARCH 31, 2020

The Small Business Administration (SBA) may provide loans of up to $10 million per business; any portion of that spent to pay employees, keep workers on payroll, or pay for rent, mortgages, or existing debt could be forgiven, provided workers remain employed through the end of June. COVID-19 Legislative Actions: What to Know Now.

Website Management 120

Website Management Employee Relations Small Business Insurance 120

Restaurant365

OCTOBER 15, 2021

With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Here are a few helpful labor cost terms, along with how they are related to your total labor cost. Hourly Employees. Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Hot Schedules

MARCH 2, 2020

For your employees, who have to use many apps, programs, and systems to get their work done, this is more than an inconvenience. Single Sign-On (SSO) enables each employee to use one username and password to gain access to the suite of programs they use. This saves time, money, and needless frustrations for you and your employees.

Employee Relations 78

Employee Relations Inventory Management Management 78

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. What Are Overhead Costs And Expenses? . Salaries .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

Operations 78

Operations Management Management Inventory 78

Restaurant365

DECEMBER 11, 2020

Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. Then, tracking the usage and yield of each item on the master inventory list, you can calculate the cost of your recipes and menu items. Focus on attracting, hiring and retaining the right employees.

2021 136

2021 Cash Management Management Management 136

Bingage

DECEMBER 2, 2019

We have seen a massive change in the industry, there is a huge focus on online ordering systems, implementation of AI (Artificial intelligence) in restaurants , cloud-based CRM systems and food and inventory management techniques and many more. Related Read – 13 Simple yet Creative New year Restaurant Promotion Ideas. Source ) 2.

Social Media 96

Social Media Online Ordering Employee Relations Sourcing 96

Hot Schedules

DECEMBER 7, 2021

Reducing Employee Turnover. Yet, the costs of doing nothing to address employee turnover are catastrophic. Between lost productivity, rehiring costs, onboarding, and training requirements, employee turnover quickly eats into margins. Making Employees Advocates. As mentioned, higher pay boosts employee morale.

Retail 78

Retail Employee Relations Hotels Customer Experience 78