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

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.

Social Media 312

Social Media Restaurant Law Employee Relations Communication 312

Deliverect

MARCH 17, 2020

If you are worried you will be buried in online orders without necessarily having a lot of experience with online ordering, you can automate the online order flow using POS integration software. A creative way to do more business would be to sell recipes, ingredients and/or merchandise online.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

The Rail

SEPTEMBER 9, 2024

These include an advanced point-of-sale (POS) system, as well as a security camera system. “If If you can afford it, a POS system that integrates with your camera system is ideal,” the article reads. It’s worth mentioning that AI-powered cameras can prove to be especially useful for restaurants that also sell merchandise.

Innovation 130

Innovation Technology Retail Merchandise 130

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

BNG Point of Sale

OCTOBER 13, 2021

A Guide To Choosing the Best POS System for Your Convenience Store. Choosing from what seems like an endless list of POS options can be a daunting task, whether you’re looking to upgrade your outdated equipment or searching for a point-of-sale solution for your new c-store. Any store, new or old, needs the appropriate POS.

POS 52

POS Point of Sale Cash Management Customer Service 52

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.

Menu 105

Menu Merchandise Design Pricing 105

BNG Point of Sale

JUNE 19, 2020

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. The overall benefits of a BNG POS System. Having a POS software system in place is a key way of creating immediate and more frequent sales. Let’s take a closer look at some of these systems.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

BNG Point of Sale

OCTOBER 8, 2021

Mobile POS For Retail: How Retail Businesses Boost Sales with Mobile Devices. When you think of a point of sale POS system in retail, a cash register likely comes to mind. A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. It’s called Mobile POS.

Retail 52

Retail POS Mobile Ordering Cash Management 52

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. Most of the features are available by the most popular POS companies like Square and Toast.

Online Ordering 117

Online Ordering Customer Service Customer Experience Small Business 117

Touch Bistro

JUNE 17, 2021

Restaurant POS systems have undergone a lot of change in recent years, and some of the biggest changes have been to the POS hardware. Just a decade ago, most POS hardware could be described as chunky, immobile, and expensive to maintain. Get the Ultimate Guide to the Best Restaurant POS Systems. Download Now.

POS 52

POS Cash Management Mobile Ordering Front of House 52

Lavu

MARCH 27, 2020

There’s a reason there are millions of food photos on Instagram and just a few thousand of point of sale systems (POS). 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 tracking is also invaluable to success.

Point of Sale 78

Point of Sale Front of House Mobile Ordering Online Ordering 78

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.

Merchandise 52

Merchandise Catering Kitchen Safety Cash Management 52

Open for Business

SEPTEMBER 2, 2024

Use inventory management software to track usage and reduce waste. Don’t forget about your point-of-sale system (POS). Many modern POS solutions offer detailed restaurant analytics on sales per employee, average ticket sizes, and other productivity metrics. It will help you gain insights into staff performance. Embrace AI.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Small Business 78

BNG Point of Sale

JUNE 19, 2020

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. The overall benefits of a BNG POS System. Having a POS software system in place is a key way of creating immediate and more frequent sales. Let’s take a closer look at some of these systems.

Point of Sale 45

Point of Sale Mobile Ordering Merchandise POS 45

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. Modern Point of Sales (POS) solutions go way beyond billing. You may wish to also offer delivery, take reservations, and/or sell merchandise.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

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. . You can also automate operations by choosing a Point of Sales (POS) software that suits your business requirements and can be easily integrated with your existing devices.

License 52

License POS Loyalty Program Point of Sale 52

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.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

Touch Bistro

APRIL 28, 2021

This money can then be used to pay for rent, inventory, staff, and other bills. Ideally, you should be using a gift cards solution that is directly integrated with your restaurant POS system. TouchBistro Gift Cards is one example of a POS-integrated gift card solution. Brand Awareness. Sweeten the Deal.

Marketing 98

Marketing Email Marketing Social Media Guest Recovery 98

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.

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

BNG Point of Sale

JUNE 29, 2021

Today’s POS systems help you easily track all your costs in an easy-to-read format. As a POS provider, BNG-POS often sets up these software systems. To get your CoGS for a given time period, take the value of your beginning inventory for a specific span of time, including any recent purchases. Complete a Menu Matrix.

Customer Service 52

Customer Service POS Point of Sale Food Order 52

The Restaurant Times

APRIL 19, 2021

Look For POS Software Or Kiosks. The food truck should be well equipped with an advanced kiosk system or POS software to take orders easily amidst the rush, securely manage the bills & reports, and provide details of the inventory. The POS system or kiosk should be a good fit for your business needs.

Food Truck 52

Food Truck Kitchen Safety Front of House Food 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. Modern Point of Sales (POS) solutions go way beyond billing. You may wish to also offer delivery, take reservations, and/or sell merchandise.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Mad Mobile

MARCH 1, 2024

Leveraging data for menu optimization Tablet-based restaurant POS systems like CAKE gather data across your business. Immediate order placement Usually, your customers give their orders to a server that inputs them into a central POS terminal for fulfillment. Several points along this path can bottleneck and cause delays.

Seasonal Menu 40

Seasonal Menu POS Customer Experience Loyalty Program 40

BNG Point of Sale

AUGUST 27, 2021

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). Operating a fully integrated POS (Point of Sale) system is a necessary expense for common restaurant operations.

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 52

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. You can collect this data through various channels, including point-of-sale (POS) systems, accounting software, customer feedback surveys, and social media reviews. It’s money that went straight to his bottom line.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Mad Mobile

MARCH 8, 2024

Today, we’re looking into the common challenges restaurant owners face during the early stages of implementing a tableside POS system. Implementing cloud-based POS systems in dining only makes sense. Tableside ordering gives consumers control over their own experience. You’ll also have the power to explore new revenue streams.

Ordering 40

Ordering POS Online Ordering Mobile Ordering 40

Apicbase

MARCH 17, 2023

You can use technology to optimise or automate various tasks , such as inventory management and ordering, which helps reduce errors and increase efficiency. Restaurant tech enables you to collect and analyse data on everything from sales and customer behaviour to inventory levels and food production. Get in touch

Customer Experience 52

Customer Experience Consumer Goods Customer Service Food Supply 52

BNG Point of Sale

JULY 16, 2021

For example: merchandising at your location or online sales of food items; consumer packaged goods such as dinnerware, cookbooks, aprons; phone orders where you take credit card information on-site to charge later when the delivery arrives. What Is Restaurant Revenue? Average Restaurant Revenue for a Second Location.

Point of Sale 52

Point of Sale Seasonal Menu Customer Service Cash Management 52

Modern Restaurant Management

DECEMBER 30, 2020

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. POS Software Market. More than 8 million POS software installations at major retailers.

2020 528

2020 Merchandise Retail Point of Sale 528

Modern Restaurant Management

AUGUST 19, 2020

Having a POS system that integrates with restaurant’s online ordering site, and third-party delivery apps saves them a considerable amount of order entry labor, and eliminates the risk of an order entry error.” SpeedLine Solutions CEO John deWolde. ” Goutham Gandhi, Founder, Futuristic Labs.

Kitchen Safety 567

Kitchen Safety Food Safety Loyalty Program Technology 567

Modern Restaurant Management

OCTOBER 8, 2020

Paytronix's Order & Delivery is now integrated with Oracle MICROS Simphony POS. The Oracle Cloud integration streamlines the process of deploying the full-service Paytronix Order & Delivery platform with Oracle MICROS Simphony POS for rapid processing and management of digital orders. ” Lunchbox News. .

Kitchen Safety 386

Kitchen Safety Online Ordering Food Safety Point of Sale 386

SpotOn

DECEMBER 30, 2024

This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. You should be able to find this data in your POS reporting. Look in your POS reporting for hourly labor and check your books for the others. POS-integrated restaurant scheduling software solves this issue.

Operations 52

Operations Loyalty Program Online Ordering Fast Casual 52

7 Shifts

AUGUST 22, 2024

If you’re an incubator, a virtual restaurant concept can let you serve new virtual customers with the same kitchen, line cooks and inventory you already have, without the additional staff. billion in gross merchandise volume by 2022. What are your inventory levels, your on-hand ingredients, and what is in season?

Online Ordering 370

Online Ordering Customer Service Delivery Food Order 370

Restaurant365

MAY 7, 2020

This will streamline your inventory and give you better visual access to your shelves. Place extreme focus on creating smart hours of operation, labor control, ordering, and inventory and ensure that your management team is in perfect sync. Ordering and inventory control through uncertainty. Clean and organize your shelves.

Food Safety 142

Food Safety Cash Management Social Media Point of Sale 142

The Restaurant Times

NOVEMBER 11, 2021

7shifts can also work with your POS system. BlueCart is an online and mobile platform that allows you to order merchandise from multiple vendors with a single click. You can keep track of your inventory, check items in as they arrive, and return any additional or broken items, among other things. Source: Twilio Customer Stories.

Management 93

Management Management Mobile Ordering Online Ordering 93