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?

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Inventory Management Management Cash Management 78

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

Lavu

NOVEMBER 10, 2022

The 2022 State of the Restaurant Industry found that 70% of operators do not have enough employees to support customer demand. Related: The Ultimate Guide to Using Self-Service Restaurant Kiosks #2) Kitchen Display Screens There is no reason why servers or order-takers need to write down customer requests and walk them back to the kitchen.

Employee Relations 78

Employee Relations Inventory Point of Sale Fast Casual 78

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. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Tracking labor and payroll data for restaurant employees.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Margin Edge

SEPTEMBER 23, 2019

Keeping tabs on your ingredient usage, in turn, is difficult without control of your inventory. The goal, then, is to find your own “sweet spot” where your food cost savings pay for the time you spend counting inventory. Good Inventories Are a Practical Necessity. Define Your Ideal Inventory Cycle.

Inventory 69

Inventory Employee Relations Food Order Waste 69

Lavu

DECEMBER 12, 2022

What can be done to build business savings relates to your ability to spend business funds wisely. Practice Inventory Management Consistent restaurant inventory management can solve many cash flow problems. Every successful restaurant manager will tell you that routine inventory control has been a reason for their success.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

FEBRUARY 22, 2022

Similarly, analyzing your operations data and making critical business decisions regarding labor and inventory can improve operational efficiency. Accurate restaurant inventory management is the key to reducing food waste, and inventory is informed by your restaurant data. Reduce Food Loss. Improve Margins on Menu Items.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

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.

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Management Management Employee Relations Communication 158

Apicbase

AUGUST 29, 2024

In this article, we explore the benefits of centralising inventory, optimising menu design, standardising staff training, and more. F&B management encompasses many responsibilities, including menu planning, inventory control, procurement, kitchen operations, and customer service.

Beverage 52

Beverage Operations Management Management 52

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

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

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

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

FEBRUARY 18, 2022

With ongoing employee crisis, restaurants must get their staffing levels to balance service delivery with fiscal responsibility. Managers can count and order inventory, create and assign schedules, review P/L data, and more from any mobile device. Schedule a free demo of Restaurant365 today. Balancing staffing needs.

Technology 78

Technology Dietary Restrictions Back of House Front of House 78

Restaurant365

JULY 24, 2020

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. That may alleviate the fears for many of your potential employees.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

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

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Schedule a free demo of Restaurant365 today.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

OCTOBER 8, 2020

Retaining employees after natural disasters and other events. Many businesses that have been severely impacted by COVID-19 qualify for new employer tax credits – the Employee Retention Credit (ERC) – under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Employee Retention Credit.

Hiring 78

Hiring Employee Relations 2020 2018 78

Restaurant365

JANUARY 12, 2022

Many restaurant groups still create employee schedules using the previous week’s schedule and adjusting it for the following week. With a custom labor model that provides scheduling “guardrails,” all your store-level managers can expertly schedule employees. Request a demo of Restaurant365 today.

Point of Sale 78

Point of Sale POS Employee Relations Information 78

Restaurant365

MAY 25, 2022

It also alleviates the anxieties that come with housing a large amount of money on the premises, such as robbery, employee theft, and human error. The current employee shortage has created the need for innovative technologies in our industry more than ever. Schedule a free demo of Restaurant365 today.

Technology 78

Technology Mobile Ordering Social Media Online Ordering 78

Restaurant365

DECEMBER 16, 2021

Food-related operational reports. Taken together, this food-related operational reporting can have a major impact on your CoGS. Taken together, this food-related operational reporting can have a major impact on your CoGS. As your restaurant consistently cycles through inventory, you are generating a ton of useful data.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Restaurant365

JUNE 4, 2020

We have outlined answers to some frequently asked questions as it relates to the guidance currently in place: When does the 8 week forgiveness period begin? Hourly wages paid to tipped employees during the elected covered period are eligible to be included in wages for the purpose of payroll costs in loan forgiveness.

Blog 142

Blog Employee Relations Restaurant Law 2020 142

Restaurant365

APRIL 20, 2022

You should take the time to make sure that employees are properly trained, and that you clarify your expectations on customer engagement, cleanliness, and ticket times. Incentives and loyalty programs are relatively inexpensive in relation to the cost of acquiring new customers through marketing and advertisement. Conclusion.

Loyalty Program 78

Loyalty Program Customer Service Customer Experience Employee Relations 78

Lavu

DECEMBER 12, 2022

For example, an iPad point-of-sale system can track employee shifts and schedule like a legacy point-of-sale system, but also allow those schedules to be updated from multiple terminals and locations in real-time. Request a demo of Lavu’s iPad POS system. Request a demo of Lavu’s iPad POS system.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Restaurant365

APRIL 26, 2022

Hiring restaurant employees and retaining them is no longer just an issue for the HR team. As CFO, you can play a key role in the corporate direction for hiring restaurant employees, retention and staffing investments. Why hiring restaurant employees is now a CFO concern. The high cost of employee turnover.

Hiring 78

Hiring Employee Relations Front of House Back of House 78

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Keep close tabs on PPP and RRF spending.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Hot Schedules

NOVEMBER 20, 2020

Through many years of exciting growth we have continued the mission of creating solutions that address the industry’s most complex challenges around inventory, task management, analytics and HR & payroll services. Related Posts. Get a demo, learn more, or just ask some questions. We’re here to help!

Retail 78

Retail Customer Service Hospitality Hotels 78

Restaurant365

JUNE 24, 2020

An advanced, restaurant-specific inventory management system can identify pricing errors. The first step to projecting a food cost target is to create a master inventory list and then price every ingredient you purchase. Advanced inventory management software can import menu items from your POS, then map them to recipes.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Hot Schedules

DECEMBER 13, 2020

The city of Seattle has increased employee payouts over wage and scheduling disputes from $26,000 in 2014 to almost $4 million in 2020. Managers receive an alert when an employee’s wage is below the minimum and automatically increases their rate when a tip shortfall is recognized. Tipped Employees. Wage Compliance Requirement.

2020 78

2020 Employee Relations 2021 Hotels 78

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. Also, the Act extends the Employee Retention Tax Credit (ERTC) through June 30, 2021.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Hot Schedules

FEBRUARY 3, 2021

Find out more about Fourth’s complete Inventory and Procurement solution including Recipe & Menu Engineering. Related Posts. It’s probably fair to say that most entrepreneurs didn’t give much thought to the complexities around payroll management and taxes before starting a business and hiring employees.

Menu 88

Menu Seasonal Menu Food Supply Point of Sale 88

Restaurant365

DECEMBER 20, 2021

From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers. From there, operations can drill down into the variance by category or individual inventory item to find the root of the gap. Working with operations to set ideal labor productivity goals.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

AUGUST 25, 2020

Too much inventory. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. it’s a good time to start trimming fat from inventory. High labor to sales ratio.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

OCTOBER 22, 2021

For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost. CoGS covers all the ingredient costs related to your sales, but it doesn’t include types of one-time, non-inventory costs, such as equipment repairs or new dining room decor.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. In a food-focused model, things move slower, and the diner’s experience is the most important thing.  The best POS for your bar allows you to run open tabs, split checks, and track your inventory.

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

SEPTEMBER 16, 2021

Your individual hiring decisions define your company culture over the long term, impacting both the customer experience and employee retention. Despite the challenges, you need to hire and retain amazing restaurant employees, right now and in the future. Staffing your restaurant with a great team is critical to success.

Hiring 78

Hiring Loyalty Program Employee Relations Recruiting 78

Hot Schedules

MARCH 29, 2021

Related Posts. Employer sponsored healthcare can be a make-or-break factor for both recruiting and retention, offering current and prospective employees a sense of security and a contingency plan if they should ever get sick. Get a demo, learn more, or just ask some questions. We’re here to help!

Technology 148

Technology Insurance Healthcare Employee Relations 148