Goliath Consulting

JULY 8, 2020

When the dust clears and a proper inventory of each order is finally manageable, the frustration of back ordered product sets in. Reopening restaurants with current supply chain issues makes this once rare scenario seem to be a weekly occurrence. How often are you counting a detailed inventory?

Supplies 156

Supplies Bar Management Management 156

7 Shifts

APRIL 3, 2020

Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today. Pro tip: Look at implementing an inventory tracking system like Xtra Chef —it might be a new cost, but it will pay for itself in better food costing. You might be thinking “what about my providers?”

BOH 368

BOH POS Influencer Point of Sale 368

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

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.

POS 151

POS Front of House Inventory Loyalty Program 151

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.

Inventory 180

Inventory Management Management Cash Management 180

7 Shifts

APRIL 29, 2021

Set your alarms and make sure you're ready, as it's expected that the demand will outweigh the supply of funds. Work with your POS partner to see how they can assist in getting the applications sent as soon as possible. Personal protective equipment (PPE) and cleaning supplies. Food and beverage inventory. What do I need?

Restaurant Law 370

Restaurant Law Document Brewery Point of Sale 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

7 Shifts

MARCH 11, 2020

You’ll also need to pay for supplies. POS hardware , like cash drawers, display terminals, credit card readers, receipt printers, and wifi routers start at $600, but can go as high as $3,000. Starting food inventory Stocking up on pantry staples and your beginning inventory of perishable foods will set you back at least $1,000.

License 354

License Cash Management Inventory Food Supply 354

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. Better Ordering : Use data to make smarter supply decisions. Optimize Your Operations: Discover POS Systems With Integrated Inventory Management For Casual Dining 1.

POS 78

POS Inventory Mobile Ordering Waste 78

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. Integrate with POS Systems : Sync with sales data to refine menu choices and track high-waste items.

Waste 78

Waste Inventory Food Point of Sale 78

Modern Restaurant Management

APRIL 10, 2024

Restaurant operators have faced stiff headwinds since 2020, with a near-constant swirl of inflation, supply chain and labor challenges. Leverage Data to Personalize Experiences Every day, restaurants generate vast volumes of data from their point-of-sale (POS) systems.

2023 196

2023 2024 Loyalty Program Point of Sale 196

Modern Restaurant Management

JANUARY 18, 2022

How to Use Key Metrics for Proper Inventory. Historical sales levels can indicate what food, beverages, and supplies you need to buy for the next comparable sales period. Mastering how to forecast your inventory is just the first step, you almost must control it. Check your inventory against data collected by the POS.

Inventory 212

Inventory Food Order Food Supply POS 212

Restaurant365

OCTOBER 16, 2019

When most restaurant owners think about how to manage restaurant inventory, they think of food cost control. For restaurant owners, inventory control is closely related to accounting and food cost management. The nuts and bolts of restaurant inventory management. Inventory tracking also includes product transfers between stores.

Inventory 113

Inventory Management Management POS 113

Modern Restaurant Management

JUNE 14, 2022

One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. There are all kinds of different types of restaurant theft, ranging from food and inventory, theft at the register and checkout counter, external grease theft, time theft and employee product theft.

Point of Sale 203

Point of Sale Kitchen Safety Back of House Inventory 203

7 Shifts

MAY 23, 2024

Instead of working with various separate tools for accounting, inventory tracking and management, issuing invoices, scheduling shifts, and processing payroll, 7shifts can provide you with all these features. It can also help you know when to look for a new vendor to supply you with the same quality ingredients at a more affordable price.

Operations 221

Operations Kitchen Safety Food Safety Restaurant Law 221

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 prices of ingredients can fluctuate due to several factors, including seasonality, supply chain disruptions, and changes in demand.

2024 195

2024 Seasonal Menu Inventory Audits 195

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. How the right POS system overcomes restaurant challenges. As far as restaurant challenges go, inventory mistakes can be some of the costliest.

Mobile Ordering 148

Mobile Ordering Point of Sale Online Ordering Cash Management 148

Modern Restaurant Management

MARCH 9, 2022

Upgrade inventory and ordering systems with the latest technology. Proper inventory management is essential to decreasing food waste and saving related expenses. a POS system, predictive ordering technology) to accurately predict what products you’ll need to order based on historical patterns. Optimize your supply chain.

Waste 215

Waste Compost Food Recycling 215

7 Shifts

JULY 16, 2021

Rent, equipment costs, supplies, marketing, and paying staff are among the costs you'll incur when just starting. Make sure you have a steady supply of both dairy (cow's milk) as well as options for milk alternatives. POS system which includes both the hardware and software to process orders, manage staff and run your business.

License 459

License Hiring Equipment Small Business 459

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).

POS 102

POS Website Management Point of Sale Inventory 102

Modern Restaurant Management

JULY 13, 2021

Wages, food, turnover, rent, utilities, and other operational costs have stayed level or increased as supply chain, labor and transportation disruptions continue to pop up. If you made the investment during the COVID-19 pandemic in an upgraded POS, online ordering, or other technology, you may have implemented just enough to get by.

Front of House 197

Front of House Back of House Point of Sale Online Ordering 197

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.

Management 195

Management Management Email Marketing Point of Sale 195

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. Building strong relationships with your suppliers can lead to better deals and discounts.

2024 221

2024 Cash Management Inventory Waste 221

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Modern Restaurant Management

APRIL 15, 2020

Apart from that, you can also integrate the inventory management system with the POS which will help you keep track of inventory, reduce wastage and set timely reminders on replenishing it. Quality control is not just about maintaining the safety of the food supply chain. Quality Control.

Technology 220

Technology Food Supply Kitchen Safety Waste 220

Bingage

APRIL 14, 2021

POS Systems has changed the pattern of how the restaurant industry works. To be updated and evolv e the latest technology, POS software is being designed for this purpose. What is Restaurant POS software? A restaurant POS software manages and streamlines all your restaurant business operational work.

POS 97

POS Online Ordering Loyalty Program Point of Sale 97

Culinary Cues

OCTOBER 8, 2019

For the cook, it begins when supplies arrive at the back door. Checking in supplies for freshness, maturity, grade, size and shape, and sometimes – even taste, is as essential a task as any phase of the cooking process. Tight profit margins are managed through inventory eyes. The line cook is the finesse person.

Food Supply 195

Food Supply Presentation Inventory Seasonal Menu 195

Lavu

NOVEMBER 27, 2024

A modern Point of Sale (POS) system can help you do just that by cutting costs, reducing waste, and streamlining operations. Here are the 7 must-have POS features that can transform your business: Inventory Tracking : Reduce food waste by 10% with real-time stock management and automated alerts.

POS 78

POS Loyalty Program Point of Sale Online Ordering 78

7 Shifts

AUGUST 20, 2021

Equipment and supplies. POS systems. Restaurateurs often think this is a fixed cost when it is well within their control to find different, more affordable supplies. Use a procurement management app like Bluecart to keep track of food costs, monitor supply levels, and save time managing inventory. How do they help?

Inventory 195

Inventory Food Supply Seasonal Menu Food Order 195

BNG Point of Sale

OCTOBER 26, 2020

For business owners in North Dakota, buying a POS system is a smart investment. Not only do they lead to increased sales, but they also keep your staff efficient for continued growth When you work with a POS company familiar with the North Dakota market, your business will see more of a benefit. POS Systems for North Dakota businesses.

POS 98

POS Point of Sale Loyalty Program Online Ordering 98

Social Hospitality

JULY 25, 2022

Technology solutions also enable businesses to do better with automated inventory mapping, food preparation, and enhanced point-of-sale analytics. The last few years brought staffing shortages, supply chain issues, and delivery concerns. POS Systems & Integration Across Platforms. Supply chain challenges affect the industry.

2022 222

2022 Technology Point of Sale Kitchen Safety 222

7 Shifts

OCTOBER 28, 2024

Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins. To calculate your pour cost, you have to know the total cost of your alcohol inventory.

Point of Sale 195

Point of Sale Merchandise Seasonal Menu Bar 195

BNG Point of Sale

OCTOBER 26, 2020

For business owners in North Dakota, buying a POS system is a smart investment. Not only do they lead to increased sales, but they also keep your staff efficient for continued growth When you work with a POS company familiar with the North Dakota market, your business will see more of a benefit. POS Systems for North Dakota businesses.

POS 97

POS Point of Sale Loyalty Program Online Ordering 97

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. Much of the typical food and beverage inventory in restaurants tends to have a relatively short shelf life, making accurate inventory numbers essential to run a functioning kitchen, make economical orders, and adapt to long-term trends.

Inventory 109

Inventory Delivery Management Management 109

Restaurant365

JULY 9, 2020

Restaurant inventory management is the process of monitoring the food and beverage ingredients in your restaurant. Monitoring your inventory documents what food and beverage product is coming into your restaurant, what is leaving your restaurant as product sold, and what remains on your shelves and refrigerator. Sitting Inventory.

Inventory 78

Inventory Management Management Food Supply 78

Modern Restaurant Management

MAY 19, 2022

Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. Train Staff on the Importance of Restaurant Inventory Control. Training staff on inventory control provides value to your entire organization. The prices of goods and services have increased 8.5

Food Supply 187

Food Supply Waste Point of Sale Inventory 187

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. What are your inventory levels, your on-hand ingredients, and what is in season? First, figure out what your operational capacity is.

Online Ordering 370

Online Ordering Customer Service Delivery Food Order 370