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Mastering Your Bar’s Liquor Inventory System [Updated 2019]

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Do you dread taking bar inventory? Most restaurant and bar owners struggle with maintaining order of their inventory. It’s tedious and arduous, but when done right, liquor inventory management can decrease costs and increase profits. Below, we reveal how to set up an efficient bar inventory system. You’re not alone.

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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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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

A Federal Reserve Bank of San Francisco Diary of Consumer Payment Choice report further revealed that consumers continued to use credit cards and debit cards for most of their payments, accounting for 57 percent of total payments in 2021 compared to 55 percent in 2020 and 54 percent in 2019.

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Evolving Technology for Restaurant Operations

Modern Restaurant Management

Orders from online channels and delivery partners had to be manually entered into its previous Point-of-Sale (POS) system, and manually delivered to the kitchen. They also had a tremendous amount of data from disparate sources with no way to efficiently aggregate and analyze inventory, customer preferences and more.

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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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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

At-home meal kits increased 13x in 2020 from 2019, with some of the most popular options including NYC-based I CHIRAN’s Take-Home Ramen Kit and New England Lobster’s Lobster Roll Kit in San Francisco. A break from breakfast : With fewer morning commutes to cater to, breakfast and coffee sales suffered. What about 2021?

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Restaurant Accounting Basics

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In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. guidelines as of April 2019 allow for up to $5.12 Inventory Management. You probably spend about a third of your expenditures on your food and beverage inventory. You also must record any additional inventory purchases.