Modern Restaurant Management

OCTOBER 29, 2019

It may be helping customers train their teams on cooling requirements and rotating of fresh inventory, discussing the pros and cons of fresh cut vs. commodity produce, shipping concerns. This is a great way to usher in some innovative ways to create your brand image and personality.

Innovation 364

Innovation Menu Back of House Front of House 364

7 Shifts

JULY 25, 2024

Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant. Combos also help manage inventory and cut down on food waste.

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2024 Loyalty Program Point of Sale Online Ordering 243

Modern Restaurant Management

JANUARY 2, 2024

– Giliah Librach, Director of Merchandising Operations, ezCater As we look ahead to 2024, these technological advancements are poised to become even more ingrained in the restaurant ecosystem. The impact of these technological shifts is multifaceted.

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2024 Fast Casual Food Safety Insurance 493

Transact

MARCH 2, 2021

can help you thrive: Implement an automated labeling solution – Grab ‘N Go merchandising is key– the easier it is to notice and read your fresh-food labels, the stronger your in-store sales. solution automates your labeling to save time, reduce errors, and connect to inventory for smarter c-store food management.

Merchandise 158

Merchandise Inventory Waste Equipment 158

ChowNow

JUNE 27, 2024

Similarly, inventory management software can track your stock levels and help predict demand, reducing the likelihood of over-ordering and waste. Negotiate with Suppliers and Optimize Inventory Building strong relationships with suppliers and regularly negotiating contracts can lead to better pricing and terms.

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Webinar Point of Sale Restaurant Law Equipment 221

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

EATER

AUGUST 20, 2024

Jing had to invest in an EDI system, or electronic data interchange, to communicate inventory and billing information with Walmart, something many start-ups don’t have. She already sold her chile crisp in retailers like Whole Foods and Costco, but Walmart was an entirely new frontier.

Retail 305

Retail Point of Sale Food Supply 2023 305

EATER

NOVEMBER 12, 2021

Given the emphasis on design, it’s unsurprising that some of these things can be found at home goods stores like Superior Merchandise (a sister brand of distillery Yesfolk ) in Troy, New York, and Yowie in Philadelphia. Or maybe they’re things that you can buy online, but you didn’t even know existed.

Retail 258

Retail Consumer Goods Merchandise Online Ordering 258

7 Shifts

MARCH 27, 2020

Consider things like merchandise sales, inventory sales, or private cooking lessons. Pause inventory deliveries, reduce your payroll, and lower your utility bill to weather the storm. If your restaurant must close completely, are there any other ways that it can generate revenue? We’ll talk about this more later on.

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Social Media Restaurant Law Employee Relations Communication 312

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance. Actual Food Cost (COGS).

Inventory 78

Inventory Management Management Merchandise 78

Deliverect

MARCH 17, 2020

A creative way to do more business would be to sell recipes, ingredients and/or merchandise online. You could even provide ingredients or branded merchandise to be used with the recipe. Ask your customers to share your incentives online.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

The Restaurant Times

OCTOBER 14, 2021

When you open a new restaurant business or are already in one, you are supposed to keep track of everything happening in your restaurant, whether the number of waiters or the amount of inventory available. It’s critical to remain on top of your inventory and control your costs to ensure your restaurant is profitable and growing.

Inventory 52

Inventory Merchandise Food Supply POS 52

7 Shifts

JULY 16, 2021

Shelving if you're selling merchandise like hats or t-shirts. It should be flexible, allowing for integrations with either restaurant tech like online ordering, scheduling, and inventory management. Refrigeration system to keep milk cold. Containers and pumps to store syrups and other items. Online Ordering.

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License Hiring Equipment Small Business 459

Cheetah

AUGUST 17, 2021

As restaurants continue to explore new revenue streams in an ever-changing environment, restaurant merchandise is stealing the limelight as an innovative, fun product that does wonders to your bottom line. It is estimated that over 25 billion dollars will be spent in 2021 on physical promotional merchandise. Reading Time: 4 minutes.

Merchandise 78

Merchandise Marketing Loyalty Program Cash Management 78

Aaron Allen & Associates

NOVEMBER 12, 2021

Menus, SKUs, inventory, POS data, etc. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though. to showcase and improve menu merchandising, resulting in an immediate impact for same-store sales growth and meaningful margin improvements. Make Your Menu Work Harder.

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Menu Merchandise Design Pricing 105

The Rail

SEPTEMBER 9, 2024

It’s worth mentioning that AI-powered cameras can prove to be especially useful for restaurants that also sell merchandise. Retailers are already employing the technology to combat retail theft, with the software working to identify suspicious activity from shoppers.

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Innovation Technology Retail Merchandise 130

The Restaurant Times

AUGUST 31, 2020

Beginning Inventory + New Inventory Purchased – Ending Inventory = Total Food Usage in a particular period. . The period cost can determine food cost, beverage costs, and merchandise cost. Make sure that you are comparing the right inventory and purchase period to the correct sales period. .

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Inventory Management Management Food 52

Restaurant365

APRIL 1, 2020

For most restaurants, inflow is principally the cash from your food and drink sales, or related catering or merchandise. Your cash outflow for the period: $12,000 in food and drink inventory + $5,000 in wages + $3,000 in other operating expenses = $20,000. Keeping track of cash outflow. Have a cash flow forecast.

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Cash Management Management Management Point of Sale 128

Cheetah

AUGUST 28, 2020

Instagrammable merchandise like T-shirts is a relatively simple way of reaching that lifestyle vibe and driving social media engagement. It is much easier to streamline inventory management and drive food costs down with a smaller menu. This also allows them to collect data on customer purchases to help them better tweak the menu.

Online Ordering 117

Online Ordering Customer Service Customer Experience Small Business 117

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. It generates merchandise pricing and offers a secure way to accept payment, making it ideal for portable businesses, outside sales teams, and businesses with frequent sales such as restaurants and bars.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

Clover - Restaurants

MAY 30, 2024

Lastly, by offering additional services like catering or selling merchandise, restaurants can more efficiently use their existing kitchen space, staff, and inventory, maximizing their resources throughout the day or week. Merchandise Selling hats, tote bags, and t-shirts with your restaurant name has two benefits.

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Merchandise Catering Kitchen Safety Cash Management 52

Perfect Daily Grind

JUNE 16, 2022

Furthermore, Cropster Roast can also help roasters keep track of their inventory, to make sure it stays as fresh as possible and that they can keep up with demand. Data, such as temperature curves, airflow, and rate of rise (RoR), can help them to create the optimal roast profile for each coffee they source.

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Café Supplies Technology Article 141

Lavu

MARCH 27, 2020

Mismanagement of any of the details of restaurant operations—from shift schedules to inventory tracking to food costs—can cause a restaurant’s downfall. Inventory management, including purchase orders, vendor relations management, ingredient tracking, and low-ingredient notifications. Inventory tracking is also invaluable to success.

Point of Sale 78

Point of Sale Front of House Mobile Ordering Online Ordering 78

Notch

JANUARY 23, 2019

Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. They can help you to track everything from table turnover rates, to trends, to employee hours, to inventory so you don’t overspend. Use purchase orders.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Open for Business

SEPTEMBER 2, 2024

Use inventory management software to track usage and reduce waste. Consider adding catering services, meal kits, or branded merchandise to create additional income sources that complement your core restaurant business. Look into software solutions for inventory management, employee scheduling, and accounting. Embrace AI.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

BNG Point of Sale

OCTOBER 13, 2021

Inventory Management Support. Owning a convenience store is a time-consuming business, and it’s easy to lose track of crucial inventory information and stock management. With access to real time data and inventory management, your POS can help you reduce inventory costs and out-of-stock merchandise, at no extra cost.

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POS Point of Sale Cash Management Customer Service 52

Open for Business

MAY 16, 2024

Include new offerings on site Whether it’s promoting events or selling gift cards and merchandise, make sure to update your website with the latest happenings. Consider components like the navigation bar, home page sections, menu, press coverage, and photo galleries. Explore the OpenTable restaurant partners below that are doing it right.

Website Management 78

Website Management Email Marketing SEO Seasonal Menu 78

Modern Restaurant Management

MAY 12, 2020

The company is exploring collaborations with corporate partners and charities, as well as merchandise sales, to keep its mission alive. "When "When we originally kicked off the campaign, we had no idea that it would resonate on such a global scale," said Helen Patrikis. "It's franchisees for use in their restaurants.

Mobile Ordering 376

Mobile Ordering Online Ordering Food Order Hospitality 376

Squirrel Systems

MAY 17, 2024

Look for opportunities to negotiate better terms with suppliers and optimize inventory management. This could include offering catering services, launching a food truck, or selling branded merchandise. They provide detailed sales reports, inventory tracking, and guest data.

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Operations Loyalty Program Cash Management Point of Sale 52

BNG Point of Sale

OCTOBER 8, 2021

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. Immediate Access to Inventory. Customers no longer wait while a sales representative disappears to check inventory. Access to inventory quickens the shopping and purchasing process. It’s called Mobile POS.

Retail 52

Retail POS Mobile Ordering Cash Management 52

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. It generates merchandise pricing and offers a secure way to accept payment, making it ideal for portable businesses, outside sales teams, and businesses with frequent sales such as restaurants and bars.

Point of Sale 45

Point of Sale Mobile Ordering Merchandise POS 45

The Restaurant Times

OCTOBER 5, 2020

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. Employ a POS system that comes with comprehensive recipe management and inventory management features. Increasing table turnover rates.

Operations 52

Operations Equipment Merchandise Food Order 52

Apicbase

MARCH 28, 2024

In this guide, we’ll examine the definitions and calculations for different types of restaurant profit margins and discuss the best ways to improve them through better inventory and purchasing management, tech integrations, and analytics. It’s worth, therefore, investing in improving operations to boost your margin.

Food Truck 52

Food Truck Front of House Allergens Inventory 52

Notch

JANUARY 23, 2019

Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. They can help you to track everything from table turnover rates, to trends, to employee hours, to inventory so you don’t overspend. Use purchase orders.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

The Restaurant Times

DECEMBER 22, 2021

A steady increase in the number of customers and order frequencies meant a steady increase in the GMV (gross merchandise value) of restaurants. . It can store data, integrate with other platforms, as well as streamline employee, customer, and inventory management processes. What Are The Features You Need?

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License POS Loyalty Program Point of Sale 52

MBB Hospitality

NOVEMBER 28, 2023

This includes optimizing your inventory to reduce waste, negotiating with suppliers for better rates, and employing technology to streamline operations. From point-of-sale systems that streamline transactions to inventory management software that prevents wastage, the right technological tools can save time and money.

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Loyalty Program Customer Service Customer Experience Social Media 52

Rocket Fuel

JULY 12, 2022

The cost of goods sold may be the most important part of this section because inventory makes up such a large part of your costs. If you sell merchandise, list that too. Call out your food and beverage costs, separating alcohol if you sell it. If your store caters, include a line item for catering costs. Don’t do nothing.

Cash Management 52

Cash Management Download Merchandise Audits 52