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While a QR code can connect users to a host of static information, a more powerful 2D barcode is on the horizon to offer a wider suite of capabilities with virtually unlimited data storage capacity for instantaneous retrieval with the scan of a smartphone. .” Since then, the practice has become ubiquitous.
Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Having an accurate handle on inventory enables a business to become more resilient and know what they can sell and when they can sell it, helping mitigate out-of-stock scenarios.
For example, with highly personalized audio or video recordings, bad actors can impersonate restaurant managers, HR persons, or IT support, tricking staff into clicking on malicious links, downloading malware, or handing over financial information, login credentials, or other sensitive data.
Additionally, GS1’s Electronic Product Code Information Services (EPCIS) plays a critical role in enabling businesses to document and share information about when and where a product changes hands. provide a framework for capturing and sharing KDEs. Beyond safety, there are additional benefits.
Utilizing insights from your POS data will help you make informed decisions that predict how demand will look in the lead up to the big day. Predict Inventory Needs Your POS system can use past data to estimate how much stock is needed to meet upcoming demand in your restaurant.
Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them.
Both situations could have been prevented with proper restaurant inventory management, which gives restaurant operators better oversight over what's in stock and how it is used. There are plenty of good reasons to take inventory on a regular basis: Your restaurant can avoid running out of a key ingredient mid-service. Inventory Basics.
When consumers order more food online, it’s clearly good for business – but it can also make it harder for businesses to manage inventory. In 2025, restaurants need to have a plan in place that ensures they are effectively managing inventory and redirecting unused, still edible food to donations.
Why it works : This question gauges the candidate’s ability to convey information, listen, and clarify without getting overwhelmed and frustrated. Instead of panicking, I ran through our available inventory and identified an ingredient I could substitute if I modified the dish. How did you make sure they understood?”
Managing Inventory The first area of focus for any waste elimination strategy is your restaurant’s approach to ingredients. Automated inventory controls are becoming more accessible to even small restaurants, so implementing these throughout your organization is worth implementing. The rewards are certainly well worth the effort.
Bringing your data into a single data warehouse lets you make quick, informed decisions about what matters most to your business. Too many restaurants, even enterprise brands, are still using manual processes for various areas of the business, such as inventory, scheduling, and reporting. Savings on Prime Costs. Driving Brand Growth.
They’re comfortable telling technology pertinent information about themselves and then allowing technology to do the work on their behalf. The workforce has changed; the game has changed, and it's affecting your ability to effectively hire for your restaurant. Said another way: they don’t search.
Finding ways to align inventory management with more environmentally friendly packaging helps reduce such waste. E-commerce order management systems allow for real-time monitoring of current food inventory. More than 63 percent of municipal solid waste in the US was a result of food packaging.
Enter the cloud, which helps restaurant operators deliver services and make informed business decisions based on up-to-date data, right here, right now. For example, the cloud-AI combo provides information about a particular diner’s preferences, enabling you to suggest items based on historical information or offer customized coupons.
Optimizing Inventory Management Spoiled or unused inventory is another major contributor to food waste. AI-powered inventory tools can optimize inventory levels by 35% as they monitor stock levels in real time, alerting staff to slow-moving or soon-to-expire ingredients.
Every day, youre juggling staff, food quality, inventory, customer service, purchasing, and moreall while trying to cultivate a dining experience that wows your customers enough to keep them coming back. How to solve it: Use data-driven ordering to track inventory closely to forecast demand accurately and avoid overstocking.
Manage and Optimize Your Increased Holiday Inventory. The holidays bring an increase in beverage inventory, particularly kegged inventory for bars and restaurants centered around draft programs. Cooler management and on deck planning also becomes central to lowering the chaos that an increase in kegged inventory can bring.
The key is to make the right decisions around inventory and pricing at the right times—and having the right technology can make all the difference. Back-office technology centralizes, automates, and improves operating processes related to purchasing, accounts payable, inventory management, recipe and menu engineering, labor scheduling,?and
The information enables them to make informed decisions owners to know busy times and food preferences for a particular season. Using Artificial Intelligence properly, restaurant owners can precisely project their inventory, staffing needs and sales for holidays and events. Smart Inventory Management.
Finding ways to align inventory management with more environmentally friendly packaging helps reduce such waste. E-commerce order management systems allow for real-time monitoring of current food inventory. More than 63 percent of municipal solid waste in the US was a result of food packaging.
You can make data-informed decisions about where to put your resources and when. How to Use Key Metrics for Proper Inventory. Mastering how to forecast your inventory is just the first step, you almost must control it. Check your inventory against data collected by the POS.
Real-time inventory systems help restaurants cut food waste , save money, and improve operations. Here’s how: Track Stock in Real-Time : Monitor inventory levels instantly to avoid overstocking or understocking. Reduce Spoilage : Get alerts for expiring items and use the FIFO method to manage perishable goods.
Running a restaurant is tough, and poor inventory management can make it even harder. That’s where POS inventory tools step in to help. Research shows that using POS systems can reduce stockouts by 15% and cut excess inventory by 10% , directly improving profitability.
Stay informed about current events and industry trends. A key takeaway is to stay informed about current events (e.g., Elevate your inventory management. You can’t properly manage your spending if you don’t have a good handle on your inventory. find alternate suppliers). Reduce food waste.
Inventory software should integrate with your POS, so you have a running theoretical inventory that you can reconcile with actual inventory at whatever cadence you prefer. Having a tighter handle on inventory makes it easier to spot food theft, overportioning, other areas of food waste, and incorrect deliveries from suppliers.
Why should you and your staff spend hours counting inventory, auditing invoices, and combing through contracts? When you’re short on time and resources, technology can help you automate on and off-premise processes, navigate increased costs, and make more informed business decisions. Leverage Purchasing Data.
Build Actionable Information with Data. With well-built reports, restaurant operators will be able to see real-time data from across their tech stack and get the key information they need to be proactive, catch problems early, and run a profitable restaurant. Make Inventory a Best Practice, Not an Afterthought.
Fortunately, there is a way to pull together your tech stack and get clear, actionable information instead of relying on spreadsheets and gut instinct. Move away from traditional reports, where you are getting unit-level information rolled up into regional reports, finally sent to corporate three or four weeks later. Reduce Food Waste.
They help with reservations and table management, staff scheduling and time management, inventory tracking, rewards programs, automated marketing, and more. Many platforms also include built-in messaging features, making it easier for teams to communicate, trade shifts, and stay informed about important updates.
Inventory stock changed significantly. These non-paper menus can be changed swiftly, allowing restaurants to remove items when inventory lags and promote items that have higher margin. In the best of circumstances, they should be linked to inventory and automated kitchens. Menus were trimmed to a fraction of original size.
Customer data can help you improve operations and make more informed decisions about staffing and inventory. Email & SMS Lists : Captures guest information for direct marketing and can be used to send promotions, updates, or personalized offers. It improves operational efficiency. Optimize your menu based on sales trends.
In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Connecting your financial, transaction, and restaurant inventory management systems enables you to optimize production and better control cost variance proactively. Planning and Forecasting. Creating a Singular Journey.
The idea of using social media marketing to attract customers, all the while managing inventory and payroll, can be exhausting. Make sure important information like your hours and phone number are readily available in the contact information. Don’t make patrons work to find out more information.
Keep Inventory Low If restaurant sales are not covering expenses or if the business has extra inventory in walk-in or dry storage that just isn’t moving, it’s a good time to start trimming back inventory. By minimizing the menu options, a unit can limit the amount of inventory needed to order each week.
These tech systems let operators view sales patterns, track inventory, and determine areas of wastage to make smarter, more profitable and sustainable choices. No one on your team enjoys doing tedious administrative tasks, like line checks or inventory, but they’re a necessary part of the job, even when you’re short-staffed.
Strong, visionary leadership and urgency in everything we do, from sales to product management to inventory control. 1 challenge is keeping our employees safe and keeping them informed of the steps we're taking to protect them. We've restocked more than $10 million of inventory during the pandemic so far. Patricia Bible.
Inventory cycle count. The ability for full-service restaurants to track inventory, keep food safe, and address consumer demands for food provenance became essential during the pandemic. With typical refrigeration inventory averaging over $10,000, these failures can result in significant food waste and lost revenue.
Meanwhile, restaurants must effectively manage inventory, staff, and customer data. As a result, many establishments struggle with slow service times, inefficient inventory management, and inadequate customer engagement — all of which can lead to decreased satisfaction and lost business.
An inventory management system with automated restocking alerts keeps your stock levels in check. Real-Time Data & Analytics : Track sales trends, top-selling menu items, and peak business hours to make informed decisions. Look into AI-driven scheduling and automation tools. Too many missed reservations? Set clear goals.
Organizing and preparing dishes does not come easy—there is a lot of data and information tracking involved to make sure the correct dish is served to the right person. As far as food waste is concerned, manual inventory monitoring is usually one of the main culprits. Kitchen Operations.
Most customers seek a personal, thoughtful experience in restaurants and will give their contact information for tailored, individualized service. An integrated tech stack will help bridge the data of your ordering platforms and loyalty information so you can develop impactful marketing and loyalty programs – that drive revenue.
Consider cold chain management, quality control, inventory management, and/or any other aspect that can be optimized. IoT-enabled refrigerators can also manage stock levels and inform managers when quantities dip below pre-determined levels, ensuring that restaurants never run out of necessary products. Use reliable technology.
They’re using that information for myriad purposes—from effectively managing inventory to launching new menu items. When systems factor in inventory data, restaurants can shift recommendations based on inventory levels and help avoid selling out of key items during peak demand periods.
Customer data is only one segment of the information you need for good sales insights, marketing information, and business analytics. There are three main types of information your restaurant should collect: Customer Information. Customer information is the personal information of each of your customers.
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