7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. “Time, not food, is the ultimate perishable inventory,” Sheryl E.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

7 Shifts

JULY 5, 2024

Running a restaurant is not just about serving great food; it’s also about managing finances. With 50% of restaurant owners reporting inventory costs as the top concern last year, you must leverage reporting tools to see how much profit your restaurant is making and where your money is going.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

Modern Restaurant Management

AUGUST 27, 2024

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. It only takes a few seconds to record transfers of cash received to the petty cash box.

Audits 188

Audits Cash Management Point of Sale Document 188

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . Now is the time to review your supply chain to: Ensure supplier stability and confidence in their ability to meet your deadlines today. Below are top five tips to help you shape your supply chain in an ever-evolving environment. Streamline Your Supply Chain.

Supplies 78

Supplies Management Management Allergens 78

7 Shifts

MARCH 11, 2020

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. You’ll also need to pay for supplies.

License 354

License Cash Management Inventory Food Supply 354

Modern Restaurant Management

OCTOBER 21, 2022

Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. Restaurant point-of-sale (POS) terminals are steadily replacing the now obsolete cash registers used in restaurants.

POS 179

POS Marketing Point of Sale Cash Management 179

Modern Restaurant Management

JUNE 14, 2022

One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. There are all kinds of different types of restaurant theft, ranging from food and inventory, theft at the register and checkout counter, external grease theft, time theft and employee product theft.

Point of Sale 203

Point of Sale Kitchen Safety Back of House Inventory 203

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. 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. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

Management 78

Management Management Cash Management Insurance 78

Apicbase

JULY 20, 2023

Tight inventory management is crucial to the profitability of any restaurant business, but it’s especially important for multi-outlet businesses, where mistakes and small discrepancies are multiplied many times over. Read on to discover: What are inventory PAR levels? What Are Inventory PAR Levels?

Inventory 40

Inventory Food Safety Cash Management Waste 40

Culinary Cues

DECEMBER 17, 2020

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. Even the best operators are at a loss for solutions.

Uniforms 472

Uniforms Cash Management Brewery Consumer Goods 472

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House 171

Front of House BOH Back of House 2023 171

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest. Contact us to learn more.

Mobile Ordering 148

Mobile Ordering Point of Sale Online Ordering Cash Management 148

Apicbase

JULY 16, 2024

That’s because, next to inventory management, F&B purchasing mistakes are the number #1 reason why operators struggle to get their food costs under control. The goal is maintaining optimal inventory levels without overspending or wasting. Procurement management in a multi-unit or multi-concept environment.

Operations 98

Operations Inventory Point of Sale Food Order 98

7 Shifts

SEPTEMBER 28, 2020

Keep reading to learn: Server side work your FOH team should be doing Best practices for executing these side duties of a server How to build server side work into shifts 4 Server Side Work Duties to Add Alongside Primary Server Duties The most important server side work duties are cleaning, restocking, organizing, and managing safety.

FOH 195

FOH Management Management Cash Management 195

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. 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

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Modern Restaurant Management

SEPTEMBER 14, 2022

Local health lockdowns and limitations caused havoc for food supply chains, staffing, customer demand, and remote ordering. AI can assist restaurants in optimizing how they manage and operate menus to increase margins. But they have tons of cash to burn on such gimmicks, right? How can a smaller restaurants compete with that?

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

Sling

AUGUST 1, 2024

Use reliable software Regardless of whether you hire a full – or part-time accountant to manage the operation’s finances, it’s important to use reliable restaurant accounting software to keep track of your income and expenses. Think of the debit account as the source of the funds and the credit account as the destination of the funds.

Management 78

Management Management Cash Management Seating 78

7 Shifts

APRIL 3, 2020

Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today. Pro tip: Look at implementing an inventory tracking system like Xtra Chef —it might be a new cost, but it will pay for itself in better food costing. You might be thinking “what about my providers?”

BOH 368

BOH POS Influencer Point of Sale 368

The Restaurant Times

OCTOBER 14, 2021

This article aims to let restaurateurs know about the equipment and supplies that are must-haves for a successful bar setup. . 14 Must-Have Supplies For A Bar Setup. Cocktail Pourer is a must-have tool in every bar to help in optimizing liquor inventory. Cocktail Pourer. It provides precise control while pouring a drink.

Bar 52

Bar Supplies Equipment Beverage 52

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

7 Shifts

DECEMBER 8, 2020

Give your team a small budget for supplies or an ingredient allowance and have them present their dish or drink to the rest of the team for a tasting at your next staff meeting. Recommended Reading: Restaurant Task Management: How to Communicate Tasks to Staff 4. ) for some of their favorites. Then, put it to a vote!

Front of House 370

Front of House Social Media Employee Relations Back of House 370

Cheetah

APRIL 13, 2021

When we first set out to provide e-commerce solutions for Small-Medium business supplies, we were hoping to make just a bit of a dent. Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. We’ve come a long way since 2015.

Operations 78

Operations Food Truck Food Supply Small Business 78

The Restaurant Times

SEPTEMBER 5, 2020

The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. From the spread of infectious diseases to supply chain disruptions, such crises have the potential to suddenly disrupt restaurant operations. How Can Restaurants Prepare For The Next Hospitality Crisis.

Management 90

Management Management Cash Management Employee Relations 90

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Modern Restaurant Management

DECEMBER 14, 2021

Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate.

2022 189

2022 Food Supply Mobile Ordering Customer Experience 189

Squirrel Systems

MAY 17, 2024

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. They provide detailed sales reports, inventory tracking, and guest data. Leadership Development : Identify and develop leaders within your organization.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

EATER

AUGUST 20, 2024

“There were a lot of supply chain things to work out, and I was the only employee at my company for the first two years,” she says. “It Gao had to focus on building what she calls a “world-class supply chain” to ensure that she could procure enough high-quality spices to stock thousands of new stores with her product.

Retail 105

Retail Point of Sale Food Supply 2023 105

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Modern Restaurant Management

FEBRUARY 4, 2022

Unprecedented labor and supply chain pressure will drive most of the restaurant trends that will define 2022, industry analysts say. This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Focus on seasonal produce to ensure peak freshness.

2022 218

2022 Customer Service Online Ordering Website Management 218

Cheetah

OCTOBER 3, 2020

These include being familiar with health guidelines issued by the CDC, reevaluating the value of labor, integrating new technologies and rethinking inventory. The value of labor Social distancing Hygiene and sanitation Technology solutions Optimizing your inventory. Optimizing Your Inventory. Hygiene and Sanitation.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

Cheetah

SEPTEMBER 29, 2020

More than a POS system, Upserve is a full-fledged restaurant management software with the promise to streamline your entire operation into a simple, integral and unified interface. It has features like a built-in CRM system, a workforce schedule interface, a menu manager and even a marketing ROI analyzer. Essentials: $99/m.

POS 78

POS Loyalty Program Mobile Ordering Cash Management 78

Squirrel Systems

MAY 25, 2021

From its origins as a cash register in the late 1900s – capable of simply recording sale amounts and summing up total sales for a day; the point-of-sale (POS) system has evolved into a sophisticated restaurant management system – that does much more than simply recording transactions!

POS 52

POS Loyalty Program Cash Management Point of Sale 52

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist.

Food 120

Food Inventory Waste Food Order 120

The Restaurant Times

FEBRUARY 22, 2022

The labour shortfall and supply chain constraints that plagued 2021 have persisted into 2022. Investing in labour-saving technologies and providing simple and fewer menu selections, for example, has allowed them to free up cash flow and recruit more people or raise compensation. Third-party deliveries are being shunned by restaurants.

2022 98

2022 Front of House Cash Management Online Ordering 98