Modern Restaurant Management

NOVEMBER 30, 2023

By investing in a data-driven POS platform, restaurant operators can address labor challenges, fine-tune their stock management, design promotions based on current trends, reduce human error and more. This shift underscores the evolution of POS systems from mere transactional tools to comprehensive data hubs.

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POS Operations Loyalty Program Seasonal Menu 129

Modern Restaurant Management

SEPTEMBER 1, 2023

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.

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Inventory Management Management Cash Management 180

Modern Restaurant Management

MAY 11, 2022

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.

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Inventory Management Management Food Supply 218

The Rail

NOVEMBER 15, 2024

A modern point of sale (POS) system utilizes modern technology that can help streamline your business operations and improve the guest experience. By integrating it with your other systems, you are able to grow your restaurant and manage your inventory, employees, and sales data with ease. What is Restaurant POS Integration?

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POS Cash Management Point of Sale Customer Experience 52

Veloce POS Blog

SEPTEMBER 13, 2023

Inflation compels restaurant owners to streamline their menus, efficiently manage their workforce, work on their business models, optimize inventory management, and seek to minimize waste. The post Improve Your Restaurant’s Profitability with Veloce POS and Smart Inventory Management Practices appeared first on POS Veloce HQ.

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POS Inventory Management Management 52

7 Shifts

AUGUST 18, 2024

Table of Contents The Costs of Opening and Running a Restaurant The Difference Between Fixed and Variable Cost Understand And Calculate Your Prime Cost Understand And Control The 5 Major Restaurant Costs Restaurant Labor Costs Restaurant Food Costs Restaurant Utility Costs Restaurant Kitchen Equipment Costs Restaurant POS System Costs Ready?

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License Equipment POS Food Supply 370

7 Shifts

JUNE 24, 2021

With your point-of-sale system as the brain, choosing the right software to manage your inventory and team is essential. Here's just some of how the 7shifts team management platform along with Qu POS can help with smarter scheduling and a more efficiently run enterprise. Your POS isn't working hard enough. Table of Contents.

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POS Restaurant Law Point of Sale Management 359

Sculpture Hospitality

MARCH 5, 2024

Technology, technology, technology. Finding the right balance between investing in too much technology and not enough is a perpetual challenge that restaurant owners manage within their businesses.

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Inventory POS Technology Management 125

7 Shifts

FEBRUARY 7, 2024

The first technologies that restaurants often invest in are cloud-based point of sale (POS) systems and payroll processing. A wide-ranging industry report from Toast included a section on restaurant technology trends, noting that 82% of restaurants were using a POS, followed by 56% using payroll software. is possible with a great POS.

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SpotOn

OCTOBER 14, 2024

The POS system is a restaurant's command center. If you run a restaurant, you know this, so you're probably weighing the many options for POS systems carefully. There are the features, support, hardware, and software, upfront POS hardware costs, and monthly subscription fees. What does a POS system do?

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POS Loyalty Program Cash Management Website Management 52

Lavu

JULY 22, 2024

Alright, restaurateurs, it’s time to get real about your POS system. The Limitations of Standard POS Systems Let’s face it: those one-size-fits-all POS systems are about as useful as a dull knife in a professional kitchen. Configure the POS interface, workflows, and features to match your specific needs.

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Sculpture Hospitality

NOVEMBER 23, 2020

Touchscreen point-of-sale (POS) systems are a crucial part of any restaurant or bar’s operational processes, but they can be incredibly expensive. POS systems often cost at least $20,000, and that price often comes with the myth that a POS can fulfill all of a restaurant’s operational needs.

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POS Inventory Point of Sale Pricing 146

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes to help overcome rising food prices. Integrate restaurant inventory management with your POS system.

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Inventory Pricing Management Management 148

Modern Restaurant Management

OCTOBER 11, 2021

With colder weather right around the corner for many parts of the country, now is the time for restaurant owners to utilize their POS technology to maximize outdoor dining profits and capitalize on the end of summer season. Actionable Insights Gathered by POS Data. Customized and Tailored Promotions.

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Outdoor POS Front of House Seasonal Menu 197

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). An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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Management Management Operations Mobile Ordering 367

ChowNow

MAY 22, 2024

Running a profitable restaurant isn’t just about selling more food or serving more diners; it’s also about efficient inventory management. For example, in most restaurants, it’s the more experienced and higher-paid restaurant managers who are tasked with taking inventory. Here’s what the experts shared with us.

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Inventory Management Management Back of House 78

Restaurant365

AUGUST 19, 2021

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. So, inventory has an important place in your restaurant accounting.

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Restaurant Engine

JUNE 22, 2022

A POS is really worth it because it lets your customers take ownership of their payment options. With the global point of sale (POS) market growing at exponential rates , you may be wondering if a POS system is really worth the investment for your restaurant. First, let’s define the POS system. tweet this).

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POS Point of Sale Mobile Ordering Cash Management 111

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). An extension for restaurants using Toast POS, this feature of the popular restaurant management platform is actually for your guests as much as it is for you.

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Management Management Operations Mobile Ordering 352

7 Shifts

DECEMBER 18, 2023

It also gets rid of those frustrating sticky notes all over your POS. Inventory management Inventory management software helps you monitor your restaurant’s stock levels. It integrates with your POS system and other restaurant tools to keep track of your stock and let you know when you’re running low.

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Management Management Email Marketing Point of Sale 397

Focus POS

JANUARY 15, 2020

When a technology solution affects as many areas of business as your restaurant POS system does, it can be difficult to track the true return on investment (ROI) that it offers. The first step to understanding the true ROI from a restaurant POS system is to determine quantifiable factors that are influenced by the POS.

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POS Front of House Inventory Loyalty Program 151

Clover - Restaurants

MAY 31, 2024

Restaurant POS systems enable credit card and digital transactions, and they’re an essential tool for most restaurants today. How much does a restaurant POS system cost? There are typically a few costs associated with installing and maintaining operations of a restaurant POS system.

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POS Cash Management Point of Sale Mobile Ordering 52

Apicbase

MAY 30, 2024

This is where a state-of-the-art point-of-sale (POS) system comes into play. And how can you use your POS system to ignite your restaurant’s performance? Understanding the Basics of Your POS System A restaurant POS system , or point-of-sale, is the central nervous system of a restaurant. Let’s find out.

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POS Inventory Cash Management Point of Sale 52

Focus POS

MAY 5, 2020

POS software for restaurants does more than just process transactions. On the front end, POS software for restaurants empowers employees to do their jobs better, faster, and more accurately. In the back office, the right system can save hours by automating scheduling, payroll, inventory, and more. Create More Detailed Reports.

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POS Mobile Ordering Point of Sale Inventory 120

Sculpture Hospitality

SEPTEMBER 13, 2021

Bar inventory software, known as a bar inventory management system , is a technology that integrates with your point-of-sale (POS) system to automate and centralize the processes associated with managing your bar inventory.

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Inventory Bar Point of Sale POS 107

Lavu

DECEMBER 12, 2022

If you’re looking for an affordable and simple way to process sales at your business, you can find everything you need in an iPad POS … iPad POS Systems: The Ultimate Buyer’s Guide Read More ».

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POS Point of Sale Bar Ordering 148

Restaurant365

SEPTEMBER 10, 2021

However, in between all these tasks, it is critical to devote time and energy into accurate and consistent inventory management. Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Let’s dive into some helpful tips.

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Inventory Management Management Point of Sale 138

Focus POS

APRIL 21, 2020

Restaurant cloud POS software can future-proof your business and add functionalities that are intuitive, reliable and mobile. Tablets or mobile POS terminals allow servers to take orders tableside and send them directly to the kitchen to be prepared. The credit card never leaves the table, which reduces the opportunity for theft.

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POS Mobile Ordering 2030 Customer Experience 164

Restaurant Engine

JULY 13, 2022

You can improve productivity with the right POS system. You know that a point-of-sale system (POS) is great for your customers, enabling them to have a bit more control when ordering or paying for their meals. Did you know, though, that a POS system is great for managing your business and improving your efficiency? tweet this).

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POS Website Management Point of Sale Inventory 102

Modern Restaurant Management

MARCH 24, 2020

The modern restaurant point-of-sale (POS) system has grown beyond simply handling payments. Feature-rich mobile POS systems have evolved to processing orders, sending tickets to the kitchen, providing detailed reporting and offering thorough inventory and business management. The Evolution of POS.

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POS Cash Management Mobile Ordering Point of Sale 122

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.

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Point of Sale Inventory Seasonal Menu Cash Management 397

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. The POS system doesn’t do analysis. That’s great.

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Inventory Management Management Food 78

Veloce POS Blog

NOVEMBER 3, 2023

From maintaining equipment like damaged seating or faulty plumbing to inventory errors and payroll management, the list of challenges is extensive. The post Best Practices for Bar Inventory Control and Theft Protection appeared first on POS Veloce HQ.

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Veloce POS Blog

AUGUST 7, 2023

In the restaurant industry, an intelligent point of sale system like Veloce POS becomes a valuable tool. The post Veloce POS: An Overview of Advanced Features appeared first on POS Veloce HQ.

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POS Point of Sale Online Ordering Inventory 52

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.

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Food Seasonal Menu Inventory Pricing 363

Modern Restaurant Management

SEPTEMBER 3, 2024

By focusing on key technologies like point-of-sale (POS) systems, local dining businesses can maximize their investments and position themselves for success in a digital-driven industry. These systems help streamline scheduling, payroll and inventory management, reducing labor costs and improving overall operational quality and efficiency.

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Loyalty Program POS Online Ordering Customer Experience 183

7 Shifts

JANUARY 10, 2024

Not long ago, this software ran only on bulky PCs in back offices or slow, awkward point-of-sale (POS) stations tucked along the edges of the dining room. They can take orders on iPads and process transactions via handheld POS devices. These systems offer a unified solution for sales, inventory, and customer management.

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Management Management Point of Sale POS 195