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Five Reasons Restaurants Are Upgrading Tech in 2021

Modern Restaurant Management

The trends the industry had in 2019 toward improved tech stacks, better reporting, and streamlined operations can’t wait any longer, and restaurants are finding the budget to put toward technology again. Ideally, the top cost items need to be inventoried daily and a full inventory done once a week.

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How To: Social Media Marketing in the Restaurant Industry

Modern Restaurant Management

The idea of using social media marketing to attract customers, all the while managing inventory and payroll, can be exhausting. But millennials and Gen-Z are quickly becoming the largest generation, overtaking baby boomers in 2019. A post shared by Dunkin’ (@dunkin) on Dec 30, 2019 at 12:00pm PST. Ask questions.

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Restaurant Trends for 2020 (and Beyond)

Modern Restaurant Management

2019 was the year of convenience in the restaurant business. 2019 was the year of customer convenience, and 2020 will be the year of customer satisfaction. You probably have a system to manage your payroll, another for sales, one for inventory, one for security, one for data analysis—and more. Consolidating Technology.

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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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Competition’s Coming: Key Technology Changes Can Help You Win

Modern Restaurant Management

Inventory stock changed significantly. These non-paper menus can be changed swiftly, allowing restaurants to remove items when inventory lags and promote items that have higher margin. In the best of circumstances, they should be linked to inventory and automated kitchens. Menus were trimmed to a fraction of original size.

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How AI Will Save the Restaurant Industry

Modern Restaurant Management

Integrated Inventory and Purchasing. One area of restaurant operations where AI can have a major impact is by integrating inventory and purchasing systems with your point of sale (POS systems). In 2019, McDonald's started using predictive AI technologies and forecasting orders made in its drive-thrus.

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‘A Core Tenet of the Hospitality Space Is that You Focus on People Over Profits’

Modern Restaurant Management

The report found demand for eggs has skyrocketed , with per capita consumption growing 20 percent from 2016-2019. ” 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.