Open for Business

SEPTEMBER 2, 2024

It’s an all-important metric that influences everything from menu pricing to operational decisions and beyond. Analyze which items are most popular and profitable, then place and price dishes to encourage higher-margin sales. Shop around for the best ingredient prices without sacrificing quality.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

EATER

AUGUST 20, 2024

Known for its “Every Day Low Prices,” the chain is the country’s dominant grocery retailer. 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. It can be a risk to lower prices, but for Bachan’s, that risk has paid off.

Retail 109

Retail Point of Sale Food Supply 2023 109

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. After the holidays, focus on inventory management improvements and keep inventory lean.

2020 211

2020 Merchandise Retail Point of Sale 211

Aaron Allen & Associates

NOVEMBER 12, 2021

Menus, SKUs, inventory, POS data, etc. The Psychology of Menu Design From where the prices appear to the color of the text, menu design has a powerful impact on what guests order. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though.

Menu 105

Menu Merchandise Design Pricing 105

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.

Webinar 88

Webinar Point of Sale Restaurant Law Equipment 88

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. Pricing Strategy : Develop a pricing strategy that reflects your value while remaining competitive.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

Goliath Consulting

JUNE 8, 2019

Your bar gets free product to try out different flavors or drop the price on name brand spirits, the distributor keeps their inventory fluid and product shipping. Did you know many brands/distributors will offer special pricing if their spirit is featured in a specialty cocktail?

Bar 100

Bar Email Marketing Merchandise Equipment 100

BNG Point of Sale

JUNE 19, 2020

This makes this POS software well worth the price, but it brings other benefits too. All of our point of sale systems provide instant readings of transactions, letting you know the exact pricing, volume, and quantity of orders, so you can guide your business more efficiently, saving you time and money on the backend.

Point of Sale 75

Point of Sale Mobile Ordering POS Merchandise 75

Modern Restaurant Management

JANUARY 2, 2024

On Menu Ingredients We predict the rise of “bougie” ingredients like caviar, lobster and truffle popping up at restaurants at more affordable prices and in more casual settings like fast casuals and QSRs. The impact of these technological shifts is multifaceted.

2024 197

2024 Fast Casual Food Safety Insurance 197

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

Cheetah

NOVEMBER 23, 2021

Recap the last years’ data – Review the previous years’ sales and inventory reports and create a data-driven estimate on how much supplies you’ll need, toothpicks too. >>> If you crack the right menu and pricing, word of mouth will do the rest. Here are 125 practical tips that will help increase the bottom line.

Catering 148

Catering Food Supply Seasonal Menu Supplies 148

Deliverect

MARCH 17, 2020

Offering these to your customers at a fair price can help you prevent food waste and make some money at the same time. 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.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

Open for Business

MAY 16, 2024

Keep menus updated If you’re rotating in new and exciting dishes or making changes to pricing, make sure this information is reflected on your website. 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.

Website Management 78

Website Management Email Marketing SEO Seasonal Menu 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.

POS 52

POS Point of Sale Cash Management Inventory 52

Aaron Allen & Associates

MARCH 29, 2024

The menu’s design has a direct impact on operational aspects, including kitchen workflow, inventory management, and labor costs. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though.

Innovation 52

Innovation Menu 2024 FOH 52

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Online Ordering.

License 459

License Hiring Equipment Small Business 459

BNG Point of Sale

JUNE 19, 2020

This makes this POS software well worth the price, but it brings other benefits too. All of our point of sale systems provide instant readings of transactions, letting you know the exact pricing, volume, and quantity of orders, so you can guide your business more efficiently, saving you time and money on the backend.

Point of Sale 45

Point of Sale Mobile Ordering POS Merchandise 45

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. In addition to chip cards and credit cards, they also process ACH payments at a lower price than credit card fees. Immediate Access to Inventory. Access to inventory quickens the shopping and purchasing process.

Retail 52

Retail POS Mobile Ordering Cash Management 52

The Restaurant Times

NOVEMBER 11, 2021

You may narrow down your search by distance, price, and rating using multiple filters, so you know precisely what you’re getting into. . BlueCart is an online and mobile platform that allows you to order merchandise from multiple vendors with a single click. Source: Twilio Customer Stories. Blue Cart .

Management 93

Management Management Mobile Ordering Online Ordering 93

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. Negotiate better prices with suppliers. Monitoring sales to keep the inventory levels in order . Try Decreasing Overheads.

Operations 52

Operations Equipment Food Order Merchandise 52

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. Get a 360-view of your sales & inventory data Adopt restaurant analytics software. COGS help you determine if you’re pricing your menu items correctly based on the purchase price of the ingredients.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Customer Experience Loyalty Program 40

BNG Point of Sale

JUNE 29, 2021

Pricing Food in the Restaurant Business. You will gain a deeper understanding of food costs and pricing methods to ensure you maintain a profitable restaurant. . How to Set Your Menu Pricing. Keep in mind that your prices shouldn’t maximize profit over all other considerations. Tasty profits! The CoGS Margin Model.

Customer Service 52

Customer Service POS Point of Sale Food Order 52

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.

Customer Experience 52

Customer Experience Consumer Goods Food Order Food Supply 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 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. The pricing increases with added features. .

License 52

License Loyalty Program POS Point of Sale 52

EATER

NOVEMBER 12, 2021

As these brands have grown, they’ve created a submarket of mid-priced, fancy but unfussy products that would seem out of place in most big-box stores — many of them, after all, were initially designed to catch your eye in an Instagram post instead of on a store shelf.

Retail 99

Retail Consumer Goods Merchandise Online Ordering 99

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. 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.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Mad Mobile

JANUARY 23, 2024

Many retailers have already adjusted their approach to shopping and merchandising, introducing powerful omnichannel technologies to streamline operations and help them better compete in a new digital landscape. This could be the secret weapon needed to stay afloat during these uncertain economic times.

Retail 52

Retail 2024 Social Media Online Ordering 52

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. 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.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

The Restaurant Times

APRIL 19, 2021

is available at cheap prices on classified websites like Dubizzle. 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.

Food Truck 52

Food Truck Kitchen Safety Front of House Food 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

Apicbase

OCTOBER 14, 2022

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. Adjust your pricing. To calculate your actual food cost, add the value of your starting inventory and your purchases, and then subtract the value of your ending inventory from the total. What is revenue?

Franchise 52

Franchise Franchising Online Ordering Loyalty Program 52

Mad Mobile

MARCH 8, 2024

Most systems give you access to real-time data about your inventory and integrate with business apps that help you with restaurant management duties. You’ve likely invested time and resources in building out the suite of apps and software you use to manage scheduling, accounting, payroll, and inventory systems.

Ordering 40

Ordering POS Online Ordering Mobile Ordering 40

Touch Bistro

JUNE 17, 2021

Compare the top restaurant POS systems on features, pricing, payments, and more. While barcode scanners are more frequently associated with retail businesses, they are often used by restaurants as well – especially those that sell prepackaged foods or merchandise. After compatibility, the next factor to consider is price.

POS 52

POS Cash Management Mobile Ordering Front of House 52

Modern Restaurant Management

NOVEMBER 1, 2024

It also zooms in on current challenges faced by owners/operators, menu prices and inflation, and tech/AI implementation. While guests may still be feeling the pain of rising menu prices at restaurants, fewer restaurants said that they raised prices this year compared to last year.

2024 88

2024 Point of Sale Mobile Ordering Fast Casual 88

Modern Restaurant Management

JULY 1, 2021

Price sensitivity has increased, as have concerns over the economy and our own personal finances. Consistently, a growing number of respondents believe restaurant prices are higher, moving from 34 percent in November 2020, to 35 percent in February 2021, to 46 percent in May. percent increases. ‘ For more information, click here.

2021 154

2021 Loyalty Program Mobile Ordering Consumer Goods 154