Modern Restaurant Management

MARCH 26, 2020

At a time when most food and beverage leaders wouldn’t consider launching a new concept without a deep dive into the data, most lack even basic information about technology maintenance that could drive cost-saving, satisfaction-enhancing change. Most companies rely on one of two approaches: Location-Centric Support.

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Food and Beverage Food and Beverage Customer Experience Staffing 546

Modern Restaurant Management

AUGUST 11, 2020

Ask attendees to register and purchase tickets online, then email them the link to the performance when it’s showtime. These could include cocktails, food and beverage tastings, appetizers, main courses, desserts, event decor, and just about anything else you can think of. Virtual Meetings + Food or Swag.

Catering 531

Catering Catering Food and Beverage Food and Beverage 531

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. With AI, food companies can calm ingredients that trigger allergens.

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Food and Beverage Food and Beverage Inventory Food Prices 322

Modern Restaurant Management

JULY 15, 2021

That means juggling everything from hiring and managing staff; deciding on your menu and any day-to-day changes; ordering food, beverages, dishes and other kitchen and dining room essentials; to handling to-go and pick-up orders, among other tasks. Too-large portions contribute to food waste and cut into your profit margins.

Food and Beverage 450

Food and Beverage Food and Beverage Commercial Kitchen Kitchen Equipment 450

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. Make Frequent and Informed Labor Decisions Labor has a major impact on any restaurant’s cash flow.

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Inventory Food and Beverage Food and Beverage Purchasing 474

Modern Restaurant Management

JANUARY 25, 2022

The customers are already in your restaurant, where they can experience the menu and taste your food firsthand. This purchase won’t increase revenues or efficiencies, but will create additional costs. Efficiency will improve, because foods are easier to store and grab quickly. Recommendation : DON’T DO IT!

Food and Beverage 474

Food and Beverage Food and Beverage Staffing Hospitality 474

Modern Restaurant Management

NOVEMBER 11, 2021

As diners return to their favorite restaurants, bars, and other eating establishments, restaurateurs are feeling the strain put on the food supply chain. The goal for every food and beverage company is to synchronize supply and demand. Planning and Forecasting.

Inventory 546

Inventory Food and Beverage Food and Beverage Inventory Management 546

Modern Restaurant Management

AUGUST 27, 2024

For example, if a fast-food restaurant is purchasing 16,000 chicken breasts per month for chicken sandwiches, but only reporting sales income equivalent to 8,000 chicken sandwich sales per month, that will be a red flag for the IRS that income underreporting may be an issue. This allows the auditor to verify the expenses.

Food and Beverage 470

Food and Beverage Food and Beverage Point of Sale Purchasing 470

Modern Restaurant Management

DECEMBER 20, 2021

There are also some concerns around the information QR codes collect, and while that can be a great sales insight for restaurants to help them analyse customer needs and habits and cater more to their requests, some diners are hesitant of the technology. in the online food delivery sector. from 2019 to 2020. Landing Pages.

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Food and Beverage Food and Beverage Customer Experience Catering 568

Modern Restaurant Management

JUNE 21, 2023

To take advantage of everything a menu has to offer, operators can use menu engineering, a technique that consists of analyzing each item’s contribution to the profit against how often it is purchased. To effectively engineer a menu, it is best to separate menu items into categories, and then measure their popularity and profitability.

Food and Beverage 450

Food and Beverage Food and Beverage Purchasing Recipes 450

Modern Restaurant Management

FEBRUARY 7, 2024

But it’s not because they want the best option, they are looking for the most authentic food. The Gen Z Influence This tasteful group of about 70 million Americans craves authenticity in every bite, from organic street foods to diverse global cuisines. Gen Z demands transparency and ethical practices in the food industry.

Food and Beverage 493

Food and Beverage Food and Beverage Catering Catering 493

Modern Restaurant Management

JUNE 15, 2021

Lavu, the restaurant technology services company, estimates 42 percent of food purchases are made online. What’s more, consumers tend to spend extra on their food when ordering by themselves, either through kiosks or branded apps. Improve Order Size and Revenue with Predictive Technology.

Inventory 508

Inventory Inventory Management Food and Beverage Food and Beverage 508

Modern Restaurant Management

MAY 19, 2022

Menu engineering is a top-down approach to increasing revenue while Actual versus Theoretical (AvT) – tracking the difference between theoretical food costs and actual food costs – is a bottom-up approach to controlling costs. Theoretical (AvT) Variances to Control Food Costs. Prioritize Accurate Recipe Costing.

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Recipes Food and Beverage Inventory Food and Beverage 469

Modern Restaurant Management

MAY 13, 2024

Restaurants wanting to offset rising inflation rates and win back their loyal consumers should consider appealing to the current drivers of their purchasing decisions – access to valuable deals and convenience experiences. In doing so, they improve the customer experience, which, in turn, increases loyalty.

Food and Beverage 493

Food and Beverage Food and Beverage Customer Experience Purchasing 493

Modern Restaurant Management

JULY 9, 2021

government created the Food Safety Modernization Act , which transformed the nation’s food safety system by shifting the attention from responding to foodborne illness to preventing it. This Act prompted even more eyes to focus on the food processing and food service industries to ensure sanitation.

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Food and Beverage Food and Beverage Food Service Food Service 469

Modern Restaurant Management

FEBRUARY 27, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the National Restaurant Association's State of the Indusrty Report, food industry pressures, foodservice opportunities, influencer marketing, foot traffic analysis and the dining-out dollar. Food Industry Faces Consumer Pressures.

Food and Beverage 481

Food and Beverage Food and Beverage Chef Purchasing 481

Modern Restaurant Management

DECEMBER 14, 2020

Although food delivery has long been popular for certain types of food, pandemic restrictions and consumer preferences hastened the expansion of food delivery for almost all food and meals. Food delivery can be done either through the restaurant itself or through unrelated third-party online food delivery services.

Food and Beverage 518

Food and Beverage Food and Beverage Purchasing Hospitality 518

Modern Restaurant Management

AUGUST 17, 2020

Fatigued by cooking at home, consumers are anxious to dine at their favorite restaurants according to a new Oracle Food and Beverage study. Americans preferred to pick-up their food (38 percent US vs. 22 percent UK), while the UK preferred home-delivery (57 percent UK vs. 33 percent US). COVID-19 Consumer Dining Trends.

Food and Beverage 493

Food and Beverage Food and Beverage Purchasing Point of Sale 493

Modern Restaurant Management

JANUARY 31, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. Food-away-from-home spending is likely to see modest growth as softer consumer spending patterns prevail. ” A Year of Challenges U.S.

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Food and Beverage Food and Beverage Food Service Food Service 221

Modern Restaurant Management

MAY 5, 2021

In this edition of MRM Research Roundup, we have news on understanding customer loyalty, beverage insights, restaurant supply loyalty, the influence of discounts, the state of payments and the evolution of gift cards. " Beverage Insights. So, what could a better designed and delivered beverage program mean for the channel?

Food and Beverage 490

Food and Beverage Food and Beverage Purchasing Customer Experience 490

Food Safety Tech

DECEMBER 8, 2024

Smart beverage packaging can create innovative customer experiences, reduce waste, improve safety and more. Todays packaging technologies can transform how customers and retailers interact with beverage products. Improved Customer Convenience Smart beverage packaging can drastically improve customer convenience.

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Food and Beverage Food and Beverage Inventory Customer Experience 52

Modern Restaurant Management

SEPTEMBER 1, 2023

Mistake #1: Inconsistent Counts To ensure inventory information is useful and accurate, schedule routine counts. Forecasting tools enable managers to purchase food, beverage, and supplies at the right level. Consider creating a form that captures the important facts of food waste, noting who, what, how, and why.

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Inventory Management Inventory Inventory Management Software Food and Beverage 450

Modern Restaurant Management

APRIL 20, 2020

Bennett, adds: “We at CORE continue to stand by the food & beverage service employee with children every day when they face a health crisis or natural disaster. Please join us in letting the food and beverage service industry know how much we appreciate all they have given to us by supporting them.”

Food and Beverage 450

Food and Beverage Food and Beverage Purchasing Chef 450

Modern Restaurant Management

JUNE 14, 2023

Through dry periods, seasonal menus, product launches or limited time offers, gamification is an intelligent way to motivate engagement, drive competitive traffic, and activate specific behaviors among consumers in the food and beverage industry. Finally, insight is a huge benefit of gamifying both short- and long-term initiatives.

Food and Beverage 449

Food and Beverage Food and Beverage Purchasing 449

Lavu

MARCH 17, 2025

Managing food costs is one of the most important factors in running a profitable restaurant. With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. What is the Food Cost Formula? Lets dive in!

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Inventory Inventory Management Food and Beverage Food and Beverage 78

Modern Restaurant Management

JANUARY 18, 2022

The key to operating a profitable restaurant is understanding your profits and losses, knowing how to manage food and labor costs and making strategic decisions about expenses and investments. You can make data-informed decisions about where to put your resources and when. How to Set-Up Restaurant Accounting Cycles.

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Inventory Restaurant Management Restaurant Manager Food and Beverage 531

Modern Restaurant Management

JULY 20, 2021

Since this daypart has increased traffic during the pandemic, operators will need to innovate their food and beverage offerings to grow traffic. "Across 44 percent anticipate that plant-based options will have a positive impact on sales, and 39 percent said that “better-for-you foods” would perform similarly.

Food and Beverage 474

Food and Beverage Food and Beverage Customer Experience Purchasing 474

Modern Restaurant Management

MARCH 16, 2020

" These bonds work just like savings bonds, where guests can purchase a bond at a value rate today, to be redeemed for full face value in the future. The dining bonds are being offered by participating restaurants across the country at a suggested savings of 25 percent when purchased. and Canada.

Food Safety 585

Food Safety Food and Beverage Food and Beverage Purchasing 585

Modern Restaurant Management

SEPTEMBER 14, 2021

Sandra (Sandy) Reinhardt: Vice President of Information Technology | 30 years. She moved to information technology in 1994 where she was instrumental in putting in the first network and email system for SBCI. He started his career with Hardee’s Food Systems in 1983 ending in the position of District Manager.

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Food Service Food Service Chef Food and Beverage 433

Modern Restaurant Management

DECEMBER 30, 2020

This edition of MRM Research Roundup features top trends for 2020, how 2020 changed food and the year's top wines. While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases.

Food and Beverage 528

Food and Beverage Food and Beverage Point of Sale Inventory 528

Modern Restaurant Management

DECEMBER 17, 2020

The 2020 holiday season may not offer the same gatherings, parties and hoopla of years’ past, but diners are making sure it is still filled with amazing food. ” The gift of food. Three quarters of all consumers are considering restaurant gift card purchases this year. Getting sauced. percentage points year over year.

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Food and Beverage Food and Beverage Purchasing K-12 419

Modern Restaurant Management

SEPTEMBER 15, 2021

“The Discerning Diner report provides our members with the information they need to make choices around everything from menu selections and customer service options, to marketing initiatives and possible new revenue streams that today’s consumer is interested in. Delivering Excellence. ” Supporting Local.

Food and Beverage 447

Food and Beverage Food and Beverage Purchasing Chef 447

Modern Restaurant Management

SEPTEMBER 30, 2020

The Buzz on Beverages. Rabobank’s newest Beverage Market Buzz report, which details how companies have responded to the COVID-19 crisis and 5 types of strategic responses that have shown some success. Rabobank estimates the pandemic has accelerated online food and beverage purchasing penetration by 18 months.

Food and Beverage 474

Food and Beverage Food and Beverage Purchasing Hospitality 474

Modern Restaurant Management

MAY 1, 2020

Other businesses have seen a surge of consumer interest, including chicken-wing joints (+84 percent), pizzerias (+71 percent) and fast-food restaurants (+55 percent). ” Frequent users adjusted their purchase behavior. In Asia, the third factor most often cited was provenance and food production methods. In the U.S.

Food and Beverage 479

Food and Beverage Food and Beverage Purchasing Food Supply 479

Modern Restaurant Management

JUNE 2, 2023

In other words, beating inflation in the restaurant industry takes three steps: trimming food expenses, trimming labor costs and growing revenue. Step 1: Trimming Food Expenses Since food costs generally account for about 35 percent of a restaurant’s total costs , this would be the best place to start to decrease spending.

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Food and Beverage Food and Beverage Staffing Food Service 371

Modern Restaurant Management

JANUARY 12, 2022

A new survey shows that Americans love new tech-driven options for ordering and retrieving food, but the flipside is that it is making them more impatient. ” The results are part of an Oracle Food and Beverage survey conducted by Untold Insights in September 2021. In Love with Tech, but Impatient.

Food and Beverage 539

Food and Beverage Food and Beverage Purchasing Catering 539

Modern Restaurant Management

AUGUST 2, 2024

2024 By the Numbers Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. Meanwhile, 80 percent of operators said food costs are up, with 51 percent saying 1 percent to 5 percent and 40 percent putting the increase at 6 percent to 14 percent.

Food and Beverage 251

Food and Beverage Food and Beverage Purchasing Recipes 251