Modern Restaurant Management

SEPTEMBER 9, 2022

This article will cover how implementing automation tools like IoT monitoring can save your business money, protect your inventory, and save time. Rising Overhead Costs Are Hiking up Prices. Inflation drives price increases for raw materials and labor costs, which are some of a restaurant's most significant expenses.

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Modern Restaurant Management

MARCH 2, 2022

Restaurant menu prices continue upward as the U.S. Operators are being forced to make changes in an effort to navigate the price escalation. Technomic also reported that 45 percent of consumers say they usually pick restaurants with lower prices. Run LTO’s to Reduce Food Waste. percent on an annual basis.

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Pricing Menu Food Supply Waste 487

Restaurant Business

OCTOBER 23, 2024

One of the most impactful areas is inventory management. This level of precision in forecasting helps restaurants reduce food waste - a significant issue in the industry - by up to 20%. Optimizing Back-of-House OperationsBehind the scenes, AI is making significant strides in improving restaurant efficiency.

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Modern Restaurant Management

AUGUST 17, 2020

Although this means that we are now down to just 20 percent of our business, we are able to stay afloat financially by applying the same waste reduction efficiencies in our own work that we pass on to our consulting clients. Historically, we have trained cafeteria staff to cook food from scratch while also reducing food and labor waste.

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EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

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Waste Pricing Airlines Food 343

Modern Restaurant Management

DECEMBER 30, 2024

At the same time, a rise in fast-food prices driven by inflation is reshaping consumer behavior, with many customers now treating fast food as a splurge rather than a convenience. For example, AI can help QSRs make smarter inventory decisions by analyzing purchasing trends and aligning ingredient orders with demand.

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2025 Dine-in Mobile Ordering Customer Experience 450

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 450

The Rail

OCTOBER 17, 2024

While the cost of food waste isn’t a secret , you probably overlook it, considering it a part of doing business in this industry. It can help you fix discrepancies in ordering and inventory management , minimizing food shrink. The consumer price index for restaurant food costs increased by 7.7% What else can it do for you?

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7 Shifts

NOVEMBER 17, 2021

Both situations could have been prevented with proper restaurant inventory management, which gives restaurant operators better oversight over what's in stock and how it is used. There are plenty of good reasons to take inventory on a regular basis: Your restaurant can avoid running out of a key ingredient mid-service. Inventory Basics.

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Inventory Management Management Point of Sale 370

7 Shifts

NOVEMBER 25, 2024

Staff productivity plays the largest role in restaurant revenue, which is why it’s so important to invest in your recruiting and hiring strategies, finding like-minded individuals to move your restaurant forward while minimizing time waste. According to Forbes , 50% of employees waste parts of their day on their phones.

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Mobile Ordering Back of House Customer Service Online Ordering 221

Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. ” Total egg laying hen inventories, including conventionally raised hens, have not been substantially depleted from where they were at the beginning of the HPAI outbreak, according to the CoBank report.

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Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. ” Total egg laying hen inventories, including conventionally raised hens, have not been substantially depleted from where they were at the beginning of the HPAI outbreak, according to the CoBank report.

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Hospitality Food Supply Seasonal Menu 2025 221

ChowNow

MARCH 14, 2025

Every day, youre juggling staff, food quality, inventory, customer service, purchasing, and moreall while trying to cultivate a dining experience that wows your customers enough to keep them coming back. This means budgeting, tracking expenses like food and labor, and adjusting pricing to balance profitability with customer appeal.

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Culinary Cues

MARCH 10, 2025

How each area contributes to the whole is a lesson learned in large properties like hotels, resorts, and clubs. [] MENU DIVERSITY A multi-outlet hotel, as an example, will likely have a breakfast restaurant, a family oriented mid-priced restaurant, and a fine-dining operation.

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Hotels Fine Dining Seasonal Menu Healthcare 316

7 Shifts

OCTOBER 28, 2024

It just goes to show how important drink pricing and cost management are to maximizing profits. 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.

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Modern Restaurant Management

MAY 2, 2022

Soaring prices, continued supply chain disruptions, and ongoing staffing shortages are creating a perfect storm for restaurants. To maximize your existing resources: Reduce food waste. With prices skyrocketing, restaurants should focus on eliminating food waste. safety, quality, inventory, predictive ordering, etc.)

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Modern Restaurant Management

MARCH 21, 2025

Predictive analytics powered by insights from this tech helps ensure everyone is prepared during peak hours while minimizing food waste and unnecessary cost, streamlining processes for front and back-of-house staff. Self-service technology allows restaurants to focus on what really matters–customer satisfaction. One of those tools?

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Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Connecting your financial, transaction, and restaurant inventory management systems enables you to optimize production and better control cost variance proactively. Creating a Singular Journey.

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Supplies Management Management Food Supply 546

Modern Restaurant Management

MAY 19, 2022

The prices of goods and services have increased 8.5 Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. It requires a careful examination of your recipes, your team’s prep efficiency, and menu item prices. Track Food Waste.

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Food Supply Waste Point of Sale Inventory 469

ChowNow

FEBRUARY 13, 2025

Do you lose money due to food waste? An inventory management system with automated restocking alerts keeps your stock levels in check. A higher-priced system that saves time and reduces errors might be more valuable than a cheaper, less effective alternative. The best tech investments solve real problems. Consider your budget.

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Modern Restaurant Management

JANUARY 20, 2022

According to estimates, the restaurant industry is by itself responsible for approximately hundred million dollars a year of food waste. Restaurants can then adjust their food purchasing decisions accordingly, reducing their spending amounts as well as their contribution to food waste. Integrated Inventory and Purchasing.

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Food Order Waste Online Ordering Email Marketing 520

Modern Restaurant Management

SEPTEMBER 7, 2022

While restaurants have always been intentional about food waste, menu offerings, and purchasing, I see operators doubling down on looking for any efficiency to help save money right now. This could include inconsistent portioning, kitchen waste, and employee theft. Tap Into Technology to Make Menu Engineering Easier.

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ChowNow

MARCH 7, 2025

The more you understand your customers, the better you can fine-tune your marketing and pricing strategies. You can also use sales trends to adjust menu pricing and share customer-favorite menu items, helping you get the most out of high-demand dishes. Lets break down the key benefits of leveraging your restaurants customer data.

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Modern Restaurant Management

FEBRUARY 27, 2023

Keep Inventory Low If restaurant sales are not covering expenses or if the business has extra inventory in walk-in or dry storage that just isn’t moving, it’s a good time to start trimming back inventory. Careful forecasting can help improve order accuracy and reduce waste.

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Cash Management Point of Sale Inventory Email Marketing 474

ChowNow

MARCH 27, 2025

How pricing and menu strategy affect revenue Several factors influence revenue per order, including: Pricing strategy. Review delivery pricing: Make sure delivery menu prices reflect the added costs of packaging and fees. Youll also know which dishes to cutsaving you money in wasted food and labor. Portion size.

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Delivery Online Ordering Loyalty Program Food 195

Lavu

NOVEMBER 29, 2024

Running a restaurant is tough, and poor inventory management can make it even harder. Wasted food, stock shortages, and manual tracking errors all lead to higher costs and lost profits. That’s where POS inventory tools step in to help. Alerts : Notifies you of low stock or expiring items to avoid waste and disruptions.

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Modern Restaurant Management

DECEMBER 31, 2024

This zero waste cooking technique will also allow chefs and bartenders to creatively repurpose leftover produce and give it new life. High menu prices have been an issue in the industry in recent years due to inflation, resulting in a decline in traffic as diners wish to spend less.

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2025 Beverage Fine Dining Guest Recovery 450

Lavu

MARCH 17, 2025

With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. By accurately calculating food costs, restaurant owners can set the right menu prices, reduce waste, and maximize their profits. Whole Wheat Bun $0.30 Avocado(1/4) $1.20

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Food Waste Inventory Seasonal Menu 78

Lavu

NOVEMBER 30, 2024

Integrating mobile inventory systems with POS platforms simplifies restaurant operations by automating inventory updates, reducing errors, and providing real-time insights. Here’s what you need to know: Benefits : Real-time stock updates, improved accuracy, and smarter inventory planning.

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Inventory POS Mobile Ordering Waste 78

Modern Restaurant Management

JANUARY 30, 2023

Automating these procedures can save about an hour of labor per day while improving the customer experience and equipment uptime, protecting inventory and more. This also prevents the waste of costly oil and keeps food quality up to standard. It also relieves employee stress and helps prevent burnout in a high-turnover environment.

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7 Shifts

AUGUST 7, 2024

But there's more to it than adding up your inventory bill and comparing it to your sales. It is affected by seasonality, market prices, and even pop culture. Determine your ideal menu price Multiply your plate cost by the food cost percentage to reach a target menu price. But beef, fish, and poultry prices increased.

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Food Seasonal Menu Inventory Pricing 370

ChowNow

MARCH 28, 2025

Inventory management and demand forecasting Running out of key ingredientsor over-ordering and wasting themis one of the fastest ways to lose money. Many inventory management systems now include AI-assisted forecasting. Some platforms use it to automatically adjust menu prices based on demand, time of day, or day of the week.

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Front of House Back of House Online Ordering Email Marketing 195

Modern Restaurant Management

DECEMBER 27, 2023

These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies. Beyond the menu, we’re also seeing restaurants embrace smart inventory systems and blockchain technology to monitor and optimize the farm-to-fork narrative.

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Modern Restaurant Management

JUNE 5, 2023

When people think of the way AI is currently used in quick service restaurants – such as fast-food chains – they might think of AI-powered voice bots utilized at drive-thrus or AI tools to forecast inventory needs based on demand.

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The Rail

JANUARY 28, 2025

Food prices continue rising at grocery stores and through suppliers, while staffing gaps and shifting guest preferences add extra pressure to already thin margins. For instance, restaurant operators who track ingredient usage patterns and implement precise portion controls see significant reductions in food waste.

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Cash Management Loyalty Program Inventory Waste 130

Modern Restaurant Management

OCTOBER 13, 2021

Low-power solutions draw much less power than higher-price cellular or Wi-Fi-enabled solutions to transmit data, which means devices last longer without the need for replacement batteries, resulting in a lower total cost of ownership. Automating this process minimizes error, improves food safety procedures, and prevents inventory spoilage.

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Modern Restaurant Management

JULY 13, 2021

It makes sense to bring together comprehensive reporting, streamline labor, and cut waste to avoid bleeding profits as guests return. Typically bringing multiple functions under one umbrella will allow you to get lower pricing from one company than paying multiple disparate fees.

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