7 Shifts

SEPTEMBER 1, 2022

This is because these items almost always use ingredients that are not in the standard inventory for restaurants. Therefore, there might be a learning curve for those who are in charge of ordering inventory. In addition to being on top of inventory, food storage is also crucial. Keeping enough inventory on hand.

Definition 360

Definition BOH FOH Front of House 360

7 Shifts

AUGUST 7, 2024

But there's more to it than adding up your inventory bill and comparing it to your sales. Food cost percentage is the ratio of the cost of food inventory to the amount of revenue it generates. The other, more accurate way is to take all of the elements that go into making a dish to determine the total value of your inventory.

Food 363

Food Seasonal Menu Inventory Pricing 363

7 Shifts

AUGUST 2, 2024

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.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

Sculpture Hospitality

DECEMBER 12, 2023

Managing inventory is a crucial aspect of running a successful restaurant business. An efficient and well-organized inventory strategy can help you control costs, reduce waste, and ensure that you have the right ingredients on hand to meet customer demand.

Inventory 155

Inventory Waste Management Management 155

Sculpture Hospitality

DECEMBER 10, 2024

When it comes to operating a restaurant, managing inventory is like keeping track of every ingredient in a recipe - essential, but sometimes a little overwhelming.

Inventory 111

Inventory Management Management Operations 111

7 Shifts

FEBRUARY 5, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it’s just the beginning. What is Restaurant Inventory Management Software? What is Restaurant Inventory Management Software? Examples of Restaurant Inventory Management Software.

Social Media 370

Social Media Front of House Back of House Point of Sale 370

7 Shifts

MAY 31, 2021

For example, kitchen managers rely on software to let them know how much expected inventory they have in stock. Inventory was ordered based on par levels, which are set based on sales forecasts, which are in turn determined by how many guests you'll serve and what they'll order. All tasks in a restaurant are interconnected.

Operations 363

Operations Inventory Hiring Customer Service 363

7 Shifts

SEPTEMBER 20, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Your POS system reduces ordering errors, increases front-of-house and back-of-house efficiency, and helps you control inventory. The power of an integrated POS.

Technology 370

Technology Front of House Social Media Back of House 370

7 Shifts

AUGUST 6, 2021

Staff scheduling, inventory management, menu analysis , guest satisfaction, profitability, and so much more rest on the shoulders of accurate restaurant forecasting. On a micro level, forecasting helps a restaurant plan for inventory orders and how many employees need to work each shift to make and sell food. Inventory Management.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

Lavu

NOVEMBER 29, 2024

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.

Waste 78

Waste Inventory Food Point of Sale 78

7 Shifts

AUGUST 18, 2024

For example, though food costs are running costs, you should budget for beginning inventory when opening your restaurant Many of your startup costs will be one-off costs, though some are subject to annual renewals Restaurant Expenses Vs. Restaurant Costs One often confused (and misused) sets of terms are restaurant costs and restaurant expenses.

License 370

License Equipment POS Food Supply 370

7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Apple | Android 12.

Management 367

Management Management Operations Mobile Ordering 367

7 Shifts

JANUARY 31, 2024

Metrics and sheets you'll need to track include cost of goods sold, labor costs, new operating income, profit, and (see below) inventory costs. Inventory management Managers need to ensure the kitchen is stocked with the right amount of food so that nothing is wasted and as few items need to be 86'ed as possible.

Management 397

Management Management Kitchen Safety Front of House 397

7 Shifts

DECEMBER 18, 2023

Inventory management Inventory management software helps you monitor your restaurant’s stock levels. Additionally, inventory management tools can help you prevent unnecessary waste. Leading restaurant inventory management platforms include MarginEdge and MarketMan. Food cost tracking tools include Meez and MarginEdge.

Management 397

Management Management Email Marketing Point of Sale 397

Lavu

NOVEMBER 30, 2024

Integrating mobile inventory systems with POS platforms simplifies restaurant operations by automating inventory updates, reducing errors, and providing real-time insights. Here’s what you need to know: Benefits : Real-time stock updates, improved accuracy, and smarter inventory planning.

Inventory 78

Inventory POS Mobile Ordering Waste 78

7 Shifts

FEBRUARY 7, 2024

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. It reduces ordering errors, increases front-of-house and back-of-house efficiency, and helps you control inventory. All of this (and more!) Try 7shifts for Free 5.

Technology 312

Technology Mobile Ordering Social Media Online Ordering 312

7 Shifts

FEBRUARY 8, 2024

Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). BevSpot BevSpot is a food and beverage management software that handles inventory management, ordering, invoicing, and sales data. Apple | Android 12.

Management 352

Management Management Operations Mobile Ordering 352

7 Shifts

MARCH 11, 2020

Starting food inventory Stocking up on pantry staples and your beginning inventory of perishable foods will set you back at least $1,000. Inventory Even the most experienced restaurateur can end up overspending on inventory during the first few weeks or months of operation.

License 354

License Cash Management Inventory Food Supply 354

Lavu

NOVEMBER 29, 2024

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.

POS 78

POS Inventory Waste Point of Sale 78

7 Shifts

APRIL 25, 2022

Getting these numbers right means less expired inventory, fewer unhappy customers, shorter wait times, and lower labor costs. Access to these numbers can ensure your managers make smarter decisions when it comes to ordering inventory and scheduling staff. Inventory variance is too high, driving up food costs.

Operations 370

Operations Point of Sale Inventory Restaurant Law 370

7 Shifts

MARCH 10, 2021

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. POS systems offer more accurate sales reporting and shorter transaction times.

Management 370

Management Management Small Business Email Marketing 370

7 Shifts

AUGUST 20, 2020

They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors?

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Embrace the Suck

APRIL 26, 2020

COGS = Beginning inventory + purchased inventory - final inventory. An accurate COGS is often representative of the largest expenses for the bar or restaurant and is, therefore, an important metric for profitability. Prime Cost.

Cash Management 439

Cash Management Point of Sale Inventory Bar 439

7 Shifts

NOVEMBER 25, 2024

Recommended Reading: How to Effectively Manage Restaurant Inventory Productivity for Managers Problem: The self-coaching manager I conducted an interview with a restaurant staff member who put 5 years of hard work into providing excellent food service. Luckily for restaurant managers, several tech solutions exist to cure this headache.

Mobile Ordering 221

Mobile Ordering Back of House Customer Service Online Ordering 221

Lavu

NOVEMBER 28, 2024

Real-time inventory tracking through modern POS systems helps restaurants avoid costly mistakes like overordering or running out of key items. Optimize Your Operations: Discover POS Systems With Integrated Inventory Management For Casual Dining 1. Key benefits include: Reduced Waste : Prevent spoilage with accurate tracking.

POS 78

POS Inventory Mobile Ordering Waste 78

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

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. Its main goals are to minimize waste, control costs, and improve operational efficiency.

2024 221

2024 Cash Management Inventory Waste 221

7 Shifts

SEPTEMBER 16, 2021

There'll be new branding, a new staff, different inventory, and updated forecasting involved. You can reference and compare the key metrics from all of these locations like total revenue, profit margin, inventory variance, etc. One of the many benefits of multi-location restaurant management pertains to inventory and ordering.

Management 370

Management Management Document Hiring 370

Modern Restaurant Management

SEPTEMBER 1, 2021

Too many restaurants, even enterprise brands, are still using manual processes for various areas of the business, such as inventory, scheduling, and reporting. These time-consuming tasks not only burn labor hours when you can least afford it but losing track of your inventory will eat away your margins faster than you realize.

2021 245

2021 Kitchen Safety Food Safety Inventory 245

7 Shifts

JANUARY 26, 2022

When several locations and staff members are involved, difficulties might arise for tasks like off-premise catering setup or cross-location inventory ordering. Tracking employee engagement and satisfaction. Consistency is key, and making decisions based on incongruent data is a recipe for disaster.

Management 459

Management Management Restaurant Law Hiring 459

7 Shifts

OCTOBER 21, 2021

Pros: Very low labor and inventory costs and steady incremental sales growth. Less food inventory. And remember: Regardless of your concept, you'll always have to manage labor and inventory which can be challenging. Cheap digital menu marketing that captures a share of online dining demand.

Fast Casual 370

Fast Casual Food Truck Casual Customer Service 370

7 Shifts

SEPTEMBER 6, 2024

COGS is based on your inventory, meaning it includes the value of what you start with, what you purchase, and what’s left at the end of the period. The formula includes the beginning inventory, purchased goods, and ending inventory. Beginning Inventory: The value of your inventory at the start of the period.

2024 195

2024 Seasonal Menu Inventory Audits 195

Embrace the Suck

JANUARY 20, 2021

We should be managing our inventory better. This will also reduce inventory and staffing as well, which is a good thing moving forward. You also must dial in the cost of everything (and I emphasize everything ) on your menus. We all know that we should update all our recipe cards and cost. Now, look at your restaurant. Action Steps.

Social Media 417

Social Media 2001 Online Ordering Take-out 417

Culinary Cues

APRIL 23, 2023

But, for a moment, let’s take inventory: [] CHECK YOUR REPERTOIRE: You need not remember every ingredient, in every dish, but you must understand the methods and the result. Fine, that may be the case but let’s just see. Is there breadth to your understanding of cooking, cooking techniques, and ingredients?

Seasonal Menu 492

Seasonal Menu Leadership Training Fine Dining 492

Modern Restaurant Management

JANUARY 15, 2024

Operators need to invest in a back-of-house technology system that simplifies daily tasks for them, such as inventory and scheduling. Prepare in advance by reviewing the increased projected sales and product mix (PMIX) reports.

Food Supply 208

Food Supply Point of Sale Back of House Inventory 208