Modern Restaurant Management

MARCH 1, 2023

So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? Here are some back of office trends to watch for in 2023. Keep an eye on this trend, as it may have a direct impact on how your employees are compensated in 2023 and beyond.

Purchasing 428

Purchasing Inventory Management Chef Food Storage 428

Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

Inventory 492

Inventory Point of Sale Food Preparation Staffing 492

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

Food and Beverage 419

Food and Beverage Food and Beverage Staffing Chef 419

Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. The survey also showed 75 percent of respondents expected their labor costs to increase in 2023.

Inventory 506

Inventory Customer Experience Staffing Purchasing 506

Modern Restaurant Management

MARCH 11, 2025

Furthermore, digital tools for inventory and labor management became crucial for navigating supply chain disruptions and staffing challenges. Wages have risen roughly 13 percent since early 2023, leveling out at $13.62 Core indicators, like employees working and hours worked, have been bouncing back to pre-pandemic levels.

Staffing 418

Staffing Inventory Food Inventory Hospitality 418

Modern Restaurant Management

JANUARY 16, 2025

In 2023, a study carried out in Europe and North America took a much closer look at delivery sustainability. Finding ways to align inventory management with more environmentally friendly packaging helps reduce such waste. E-commerce order management systems allow for real-time monitoring of current food inventory.

Inventory 251

Inventory Inventory Management Food Inventory 251

Modern Restaurant Management

JANUARY 29, 2025

This dynamic has caused egg prices to surge over 38% from fall 2023 to fall 2024, with projections indicating continued volatility throughout 2025. Advanced Inventory Management : Utilizing data-driven forecasting tools allows businesses to anticipate fluctuations and adjust procurement strategies accordingly.

Food Supply 373

Food Supply Inventory Management Purchasing Inventory 373

Modern Restaurant Management

DECEMBER 8, 2022

Manage and Optimize Your Increased Holiday Inventory. The holidays bring an increase in beverage inventory, particularly kegged inventory for bars and restaurants centered around draft programs. Cooler management and on deck planning also becomes central to lowering the chaos that an increase in kegged inventory can bring.

Inventory 471

Inventory Food and Beverage Food and Beverage Customer Experience 471

Modern Restaurant Management

JANUARY 31, 2024

Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?

Inventory 508

Inventory Inventory Management Staffing Customer Service 508

Modern Restaurant Management

DECEMBER 19, 2023

– Frances Allen, President and CEO, Checkers Brand loyalty took priority in 2023. – Matt Eisenacher, Chief Brand Officer at First Watch Digital transformation continued to dominate 2023. In 2023, we experienced unprecedented shifts in consumer behavior amidst broader macroeconomic conditions like inflation.

Customer Service 294

Customer Service Customer Service Customer Experience Food and Beverage 294

Modern Restaurant Management

DECEMBER 21, 2023

In 2023, we saw sellers increasing throughput utilizing the “experience creates consumption” strategy and we predict an increase in draft program profitability in 2024 as more on-premise professionals embrace the needs of the highly coveted craft beverage loyalists.

Food and Beverage 309

Food and Beverage Food and Beverage Customer Experience Point of Sale 309

Modern Restaurant Management

JANUARY 16, 2025

In 2023, a study carried out in Europe and North America took a much closer look at delivery sustainability. Finding ways to align inventory management with more environmentally friendly packaging helps reduce such waste. E-commerce order management systems allow for real-time monitoring of current food inventory.

Inventory 221

Inventory Inventory Management Food Inventory 221

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. By minimizing the menu options, a unit can limit the amount of inventory needed to order each week.

Inventory 474

Inventory Food and Beverage Food and Beverage Purchasing 474

Modern Restaurant Management

JANUARY 30, 2023

Technologies such as the Internet of Things (IoT) can help them maximize 2023 financials by: Offering a better experience to diners and employees Increasing efficiencies and lowering expenses These technologies empower restaurants in various ways—from automating tasks to identifying emerging risks.

Staffing 474

Staffing Recipes Inventory Kitchen Equipment 474

Modern Restaurant Management

MAY 15, 2023

Enhance Your Digital Presence Grubhub projects 40 percent of restaurant orders in 2023 will take place online. Try using a first-in, first-out (FIFO) model to maintain a consistent inventory schedule and prevent delivery orders from sitting on a shelf or getting lost in the shuffle.

Customer Experience 493

Customer Experience Inventory Management Software Inventory Point of Sale 493

Modern Restaurant Management

MARCH 21, 2024

In all, we expect 2024 to be a better year for business than 2023 as the Federal Reserve executes the soft landing it has been seeking since this tightening cycle began. This means lower interest rates for businesses financing inventory and investing in expansion.

Food Service 450

Food Service Food Service Food Prices Inventory 450

Modern Restaurant Management

NOVEMBER 27, 2024

Ninety-five percent of those surveyed reported using some form of AI in their restaurant, with the most common being AI-assisted inventory management (35 percent), AI menu optimization (35 percent) and AI reservations/bookings (32 percent). There were 11 percent more transactions on Thanksgiving Eve than on the average Wednesday in 2023.

Food and Beverage 221

Food and Beverage Food and Beverage Catering Catering 221

Lavu

MARCH 17, 2025

Leverage POS Systems : Tools like Lavu POS automate inventory tracking, reduce order errors, and provide real-time insights. Start by tracking inventory, analyzing menu performance, and negotiating with suppliers to cut costs and boost profits. Log spoilage through inventory adjustments. Whole Wheat Bun $0.30 Avocado(1/4) $1.20

Inventory 78

Inventory Inventory Management Food and Beverage Food and Beverage 78

Modern Restaurant Management

JANUARY 9, 2023

expect to be less profitable in 2023. Rising food, labor and energy/utility costs pose significant challenges heading into 2023. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey. 50 percent of operators expect to make less profit in 2023.

Staffing 352

Staffing Food and Beverage Food and Beverage Inventory Management 352

Modern Restaurant Management

AUGUST 16, 2023

However, given the current circumstances surrounding the COVID-19 pandemic, economic instability and impending recession in 2023 , traditional norms are shattered. Enhanced accuracy through minimized human errors in order processing and inventory tracking.

Customer Experience 419

Customer Experience Inventory Inventory Management Food and Beverage 419

Sculpture Hospitality

FEBRUARY 9, 2023

Since the start of the pandemic, we have seen huge shifts in diner behaviours and preferences. Outdoor dining, takeout, third-party delivery applications and contactless technology have all had a profound shift on how restaurants operate today.

Inventory 145

Inventory 145

Modern Restaurant Management

APRIL 11, 2024

Technology plays a key role in redefining and enhancing dining experiences Approximately 55 percent of restaurants planned to integrate new technologies in 2023, with 56 percent aiming to automate more online functions in 2024. Comparatively, 48 percent intend to automate additional on-premise functions (previously 41 percent in 2022).

Customer Experience 473

Customer Experience Recipes Inventory Inventory Management 473

Modern Restaurant Management

FEBRUARY 28, 2023

To start 2023 on the right foot, here are four tactics restaurant owners can implement now to improve employee engagement at all levels, and subsequently increase long-term retention rates. #1: But instead of relying on their memory, consider creating short, instructional videos – on food safety, sanitation, inventory, etc.

Restaurant Management 493

Restaurant Management Restaurant Manager Food and Beverage Food and Beverage 493

Modern Restaurant Management

NOVEMBER 30, 2023

Recent findings reveal that researching a new POS for implementation after 2023 is a priority for 43 percent of restaurants , with 29 percent hoping to upgrade their POS for better omnichannel integrations. This shift underscores the evolution of POS systems from mere transactional tools to comprehensive data hubs.

Staffing 324

Staffing Inventory Customer Experience Purchasing 324

Lavu

MARCH 13, 2025

By leveraging POS data, restaurants can adjust inventory, staffing, and marketing strategies to maximize profits during busy periods and minimize waste during slow seasons. Plan Inventory : Track sales velocity to stock up on popular items while avoiding overstocking. Peak hour performance : See how rush periods shift with the seasons.

Inventory 78

Inventory Staffing Inventory Management Purchasing 78

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. A Restaurant Pulse Check by Vericast found that nearly half of consumers plan to spend less on dining out in 2023. And as of May 2023, OpenTable is now connecting more than 1.5

Inventory Management 379

Inventory Management Food Prices Inventory Customer Service 379

Sculpture Hospitality

FEBRUARY 16, 2023

Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving. Throw into the mix rising wages, skyrocketing food prices, staffing shortages, inflation and a difficult economy and the hospitality industry is no doubt set for a difficult year.

Inventory Management 144

Inventory Management Staffing Food Prices Inventory 144

Modern Restaurant Management

FEBRUARY 23, 2022

The FSMA 204 has already been launched, and the final section of the law, FSMA 204, will come into effect in 2023 with a food traceability record compliance date of 2025. This last initiative is perhaps the most urgent for food businesses and requires immediate attention. How Restaurants Benefit from FSMA Rule 204.

FDA 474

FDA Food Safety Food Supply Inventory 474

Modern Restaurant Management

AUGUST 17, 2022

The majority of restaurant operators expect the restaurant staffing shortage to extend into 2023 or later, according to the National Restaurant Association’s 2022 State of the Industry Report. An operator’s duties may include creating schedules, counting inventory, and entering invoices, but that does not define them.

Restaurant Management 474

Restaurant Management Restaurant Manager Staffing Recipes 474

Modern Restaurant Management

DECEMBER 26, 2023

In 2023, the restaurant industry experienced a remarkable transformation, driven by the rapid integration of advanced technologies. Technology Integration – Restaurants leveraged AI, IoT, 5G, and quantum computing to optimize operations, enhance inventory management, streamline supply chains, improve food safety, and more.

Food Safety Regulations 309

Food Safety Regulations Food Safety Customer Experience Inventory Management 309

Modern Restaurant Management

DECEMBER 31, 2024

With alcohol sales shrinking, restaurants must reevaluate their offerings, menus, and inventory management to maintain profitability. percent increase compared to 2023, with the last five days of the holiday season accounting for 10 percent of all holiday spending. percent compared to November of 2023. thousand in 2023.

Purchasing 221

Purchasing Food and Beverage Food and Beverage Restaurant Management 221

Modern Restaurant Management

DECEMBER 29, 2023

Shortage of Capital for Restaurant Technology As we marched into 2023, interest rates and uncertain economic conditions continued to impact the withdrawal capital from restaurant technology investments. Investments in venture capital had a massive retreat in 2023, hitting the technology sector very hard.

Staffing 309

Staffing Inventory Customer Service Customer Service 309

Modern Restaurant Management

MARCH 14, 2024

” If your busy pizzeria or pizza chain faces challenges like incorrect online hours or out of stock inventory resulting in the “internal issues” cancellation reason, consider utilizing a menu management tool to update your hours and menu across all online platforms from one place. percent of total order cancellations.

Inventory 275

Inventory Recipes 275

Sculpture Hospitality

FEBRUARY 10, 2023

TORONTO, February 7, 2023 (Newswire.com) - After a three-year hiatus due to Covid-19, Sculpture Hospitality, one of the leading global inventory management platforms, is returning in person for its 2023 convention on Feb. 10 and 11 at The Westin Long Beach in Long Beach, CA.

Inventory Management 151

Inventory Management Hospitality Hospitality Inventory 151

Hospitality Net

JUNE 3, 2024

The 2022 vintage was of outstanding quality and its release in the spring of 2023 followed several years of rising prices. Since then, the market has taken a turn for the worse: sluggish demand combined with significant inventories have sent prices into a downward spiral.

Inventory 95

Inventory 95

Modern Restaurant Management

MAY 9, 2023

And with a sustained uptick of restaurant spending – January 2023 was up 24 percent on the same month last year, according to the US Census Bureau – the conditions are ripe for flourishing. But it’s not all about coping and survival – or it shouldn’t be.

Customer Experience 444

Customer Experience Inventory Purchasing Hospitality 444

Sculpture Hospitality

JULY 18, 2023

TORONTO, ON, July 17, 2023 -- Sculpture Hospitality, a distinguished leader in hospitality and restaurant inventory management, is pleased to announce the expansion of its network with the addition of a Sculpture Hospitality franchise in Santa Cruz, California, owned by long-standing clients Jennee Gregg and Taylor Fontana.

Inventory Management 143

Inventory Management Hospitality Hospitality Inventory 143