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14 Restaurant Management Tools to Make your Business More Efficient

7 Shifts

This keeps information from getting lost in the text and email shuffle. It also gets rid of those frustrating sticky notes all over your POS. Inventory management Inventory management software helps you monitor your restaurant’s stock levels. Additionally, inventory management tools can help you prevent unnecessary waste.

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Seven Traits of Successful Restaurant Owners and Managers

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This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in. Also, consider investing in a new POS system.

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The Top 25 Restaurant Management Apps for Owners and Operators

7 Shifts

Apple | Android Team Communication The Team Communication tool from 7shifts fixes the chaos of disconnected conversations, text threads, and email chains that seem to go nowhere. An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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The Top 25 Restaurant Management Apps for Owners and Operators

7 Shifts

Apple | Android Team Communication The Team Communication tool from 7shifts fixes the chaos of disconnected conversations, text threads, and email chains that seem to go nowhere. An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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9 Top Restaurant Technologies To Evolve Your Business

7 Shifts

The first technologies that restaurants often invest in are cloud-based point of sale (POS) systems and payroll processing. A wide-ranging industry report from Toast included a section on restaurant technology trends, noting that 82% of restaurants were using a POS, followed by 56% using payroll software.

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Restaurant Accounting: A Comprehensive Guide

7 Shifts

To calculate this, use the formula: Cost of Goods Sold (COGs) = Beginning Inventory + Purchased Inventory - Ending Inventory Gross profit & gross profit margin Your gross profit and gross profit margin help you track how much money you're making after deducting your Cost of Goods Sold.

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7 Issues that Threaten the Franchisor and Franchisee Relationship

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Clever marketing and strong branding from a restaurant’s corporate offices can boost sales for franchised restaurants. Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. A strong franchisor-franchisee relationship can be a thing of beauty. The result?

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