Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 493

2023 Loyalty Program Mobile Ordering Customer Experience 493

Embrace the Suck

MARCH 27, 2020

The original management team was let go and replaced by the next available warm bodies that seemed to have potential. That causes more damage than good as they struggle to try to learn and gain management experience while on the job! Those four mentioned earlier are what I refer to as The Four Horsemen of Your Restaurant Apocalypse !

Leadership 343

Leadership Cash Management Coaching Take-out 343

7 Shifts

SEPTEMBER 6, 2024

COGS can be expressed as a percentage of your sales, often referred to as the COGS ratio. Labor While COGS typically refers to the cost of food, beverage costs, and other ingredients, labor also plays a crucial role in determining the overall cost of preparing and serving meals. For instance, if your restaurant spends $0.50

2024 195

2024 Seasonal Menu Inventory Audits 195

Modern Restaurant Management

AUGUST 28, 2020

in a management role at the Officers’ Club. Trabon, menu management and publishing solutions, and MenuTrinfo®, nutritional analyst and food allergen expert, have forged a strategic alliance that enables an end-to-end solution for the calculation and presentation of menu item nutrition facts and allergen declarations.

Allergens 364

Allergens Kitchen Safety Guest Recovery Customer Service 364

Embrace the Suck

JANUARY 24, 2022

Many wait for funding from the government to give them the cash flow needed to make up for the decline in sales. If you had bad habits running your restaurant, those habits will still be there when the extra cash runs out. Those four mentioned earlier are what I refer to as The Four Horsemen of Your Restaurant Apocalypse !

Cash Management 259

Cash Management Leadership Take-out Coaching 259

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. This can reduce your budget for ingredients and, at the same time, minimize food waste.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Modern Restaurant Management

AUGUST 19, 2020

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. They both went through a management training program.

Kitchen Safety 515

Kitchen Safety Loyalty Program Delivery Customer Service 515

Modern Restaurant Management

MAY 27, 2020

PathSpot, creator of a real-time hand hygiene management system that protects against the threat and spread of illness with a hand scanner that tracks handwashing frequency and effectiveness, announced the closing of $6.5 PathSpot Secures Funding. million in a Series A round led by Valor Siren Ventures I L.P.

Food Safety 441

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 441

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. It’s important to monitor what’s selling so managers can order more in a timely manner, ensuring the most popular choices are always in stock.

Mobile Ordering 148

Mobile Ordering Point of Sale Online Ordering Cash Management 148

The Restaurant Times

FEBRUARY 22, 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. It’s no longer about waste and environmental damage. The rapid expansion of ghost kitchens is a key trend that has caught the industry by storm.

2022 98

2022 Front of House Cash Management Online Ordering 98

EATER

AUGUST 17, 2020

So they don’t want to change what’s on the agreement, but they’re willing to take a cash payment of something and then combined with something else. Because I just didn’t want them to waste money on me when I thought a lot of this they could do themselves. DG : Oh, interesting. And a lot of it, they had to do themselves.

Hotels 322

Hotels Take-out Beverage Point of Sale 322

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. Of course, there’s much more to inventory management than maintaining stock levels.

Inventory 78

Inventory Management Management Cash Management 78

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. Improve budgeting.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

JANUARY 21, 2020

Accounting refers to the collection, interpretation, classification, analysis, and reporting of financial data. This includes communication of financial statements like income statements, balance sheets, and cash flow. Better Financial Management. For a business to be successful, it needs to have solid financial management.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

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

Clover - Restaurants

MAY 31, 2024

The exact pricing depends on the POS system you choose, but generally costs will fall into the following categories; Initial setup costs: This refers to a one-time initial setup fee to get your POS system up and running. increasingly moves toward becoming a cashless society, many Americans carry zero cash on them. As the U.S.

POS 52

POS Cash Management Point of Sale Mobile Ordering 52

Restaurant Engine

JANUARY 26, 2022

This also refers to the last line on your restaurant’s balance sheet – where you show profit and loss and your net operating income. The biggest problem with food costs is waste. This will help you manage your inventory, have the right stock on hand, and ensure no one is stealing your food. What is your bottom line ?

Cash Management 59

Cash Management Food Website Management Inventory 59

Ken Burgin

JULY 9, 2022

Approachable management: someone in authority who staff can talk to if they notice things aren’t right. Good internal communication systems – allowing staff and management to communicate freely. Up-to-date information about costs and percentages – sharing the results of stocktake and purchasing with managers.

Point of Sale 60

Point of Sale Cash Management Website Management Audits 60

Restaurant365

MARCH 15, 2022

According to the National Restaurant Association, the average cost of restaurant turnover in 2021 was $1,869 per hourly employee, $8,119 per manager and $14,689 per general manager. 200 is an amount that will motivate most hourly employees to refer their friends. Train your managers to hire the right employees.

Hiring 78

Hiring Cash Management Insurance Communication 78

Touch Bistro

APRIL 12, 2021

Loss prevention refers to your restaurant’s efforts to reduce any and all revenue losses. This includes taking simple steps, like ensuring you don’t order too much produce and ending up with excessive food waste. Cash Register Skimming. Refine Your Cash Handling Procedures. Talk about an un happy hour.

Cash Management 52

Cash Management POS Inventory Point of Sale 52

Restaurant365

SEPTEMBER 24, 2020

The focus on theoretical food costs and reports like profit and loss (P&L) statements has also made store-level managers more accountable, he reported. AvT helps corporate and management stay up to date with what’s going on in all stores, starting conversations when necessary and prompting effective solutions.

Cash Management 60

Cash Management Food Demo Point of Sale 60

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season. your payroll costs.

2021 52

2021 Cash Management Employee Relations 2020 52

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. . Catering

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. COGS refers to the total expenses and costs that are involved in the production of goods in a business. Automated Inventory Management. Cash Flow Statement.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

The Restaurant Times

JANUARY 31, 2022

Yes, you can enrol in restaurant management classes or attend culinary school. Don’t be afraid to ask for references to ensure that you’re hiring the best candidate for your restaurant. Learn 5 things to consider before going for restaurant consulting in this article. . Experience .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

The Restaurant Times

AUGUST 30, 2022

A restaurant POS system helps you manage everything from inventory to staff members, easing out a lot of the complexities involved in running a restaurant business. A restaurant POS system makes the management of operations in a restaurant smoother and much more convenient. Inventory Management.

POS 52

POS 2022 Point of Sale Mobile Ordering 52

Clover - Restaurants

MAY 3, 2024

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

Kitchen Safety 52

Kitchen Safety Food Safety Food Food Supply 52

Open for Business

DECEMBER 12, 2023

There are some distinct advantages to creating an LLC: all members (including you) are sheltered from liability; depending on the structure, either you have all of the authority, or all members have the right to help manage the business, and there is no limit to how many shareholders you can have in an LLC.

Back of House 78

Back of House Restaurant Law Small Business Email Marketing 78

Modern Restaurant Management

FEBRUARY 14, 2020

Welcome to the "Love" edition of Modern Restaurant Management (MRM) magazine's Research Roundup, which offers Valentine and dating trends, the State of Local Restaurants and the Brand Bowl Report. Food Waste is Higher. This figure has continued to serve as reference for the extent of global food waste.

2020 305

2020 Waste Food Order Point of Sale 305

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers. Ask customers to place cash on the counter rather than directly into the employee’s hand.

Food Safety 142

Food Safety Cash Management Social Media Point of Sale 142

EATER

OCTOBER 13, 2020

The annual black-tie gala for these awards — a multimillion-dollar production that some have referred to as the Oscars of the restaurant industry, with big-name sponsors like San Pellegrino, All-Clad, American Airlines, and Capital One — had already been delayed and moved online due to the coronavirus pandemic. It was not designed that way.

Social Media 261

Social Media Employee Relations Leadership Email Marketing 261