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5 Common Causes Of Bar and Restaurant Inventory Shrinkage

Sculpture Hospitality

You will find restaurant and bar inventory shrinkage when you reconcile your inventory with your accounting records and find that you have less inventory on the shelves than your books say you should. When shrinkage is substantial, it can significantly decrease your restaurant or bar’s profitability.

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Five Ways to Use POS Data to Forecast Holiday Demand for Your Restaurant

Modern Restaurant Management

The holiday season is a huge calendar event in the restaurant industry, with bookings booming as guests look to let their hair down and enjoy a festive feast. Plan Employee Rotas To Meet Demand Reservations on group bookings of 10 or more people are currently up 38 percent in comparison to this time in 2023.

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How Restaurants Can Manage Food Costs During Disruptions

Modern Restaurant Management

Review inventory management strategies Inventory isn't just a stockpile of ingredients. Here’s how to communicate with staff transparently: Have an Open Book Policy : Keep your team in the loop about everything, like menu changes, supply chain hiccups, price adjustments, and new strategies. One way to stay agile?

Inventory 179
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5 Common Causes Of Bar and Restaurant Inventory Shrinkage

Sculpture Hospitality

You will find restaurant and bar inventory shrinkage when you reconcile your inventory with your accounting records and find that you have less inventory on the shelves than your books say you should. When shrinkage is substantial, it can significantly decrease your restaurant or bar’s profitability.

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Reduce Time Spent on Recruiting

Modern Restaurant Management

GMs have a lot of different responsibilities, including managing store operations, inventory, handling guest experience and managing budget. It’s common for candidates to book same-day or next-day interviews, and easy to automate, freeing up GMs for other work. Automating responses to candidates.

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Five Digitally Disrupted Industries to Study as Restaurants Make the Shift

Modern Restaurant Management

We’ve been comparing the restaurant and hotel industries for several years as we see a similar storyline playing out in real time with restaurants, where third-party sales channels are rapidly capturing share and command of digital bookings. The concept of direct bookings long precedes the digital era in other industries.

Inventory 196
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Four Ways to Take Charge of Your Restaurant Cash Flow

Modern Restaurant Management

Here are four ways you can set your business up for cash flow success: Better Manage Your Inventory Costs. Regardless of the best inventory management strategy for your business, it is critical to keep a line of credit on hand to take advantage of the best deals from a vendor or ship items out quickly to maximize customer satisfaction.

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