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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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Everything You Need To Know About the Increasing Role of AI in Restaurants

Modern Restaurant Management

AI Assistants : Conversational AI can assist customers in communicating with restaurant systems for booking a table, adding a guest to a waitlist, ordering meals, or even answering common questions like ‘do you have vegan food as well?’ Today, AI is accessible to everyone, and there are smaller ways to use it to your advantage.

Staffing 206
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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. If you purchase ingredients and supplies with cash, be sure to keep copies of the actual receipts from the vendors. Operating a restaurant is not easy. This allows the auditor to verify the expenses.

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Become the Best Manager You Can for Your Staff and Restaurant

Modern Restaurant Management

Understanding your menu, and what customers are purchasing regularly will help save money because you aren’t purchasing items that are just going into the trash. You must take care of orders, inventory, managing the crew and dealing with any sort of issue that arises daily. Keep your menu small and concise.

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Restaurant Analytics and Reporting

Lavu

Help in identifying the most or least profitable locations, for better inventory and staff management. You could have an analytics app that keeps track of your beverage inventory. Such an app will help you control dynamic promotions, manage your inventory in real time, and understand the dynamics of your market.

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Restaurant POS system, the one-stop solution for restaurants

Lithos POS

POS helps you to automate various business functions such as inventory, payments, accounting, customer, and employee operations. You can integrate the software with other software such as accounting, inventory, CRM, payment, and other food aggregators. Streamlining inventory operations Inventory operations are really hard to manage.

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The Importance of Accounting to a Restaurant

Lavu

This includes the revenue of the restaurant, cashflow, inventory levels, and income statements. They document all the financial transactions of the restaurant, keeping track of the inventory, cash flow, and income statements. . It represents the total sum of your cost of goods sold or inventory and your labor costs.