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Intelligent process management software also typically utilizes IoT sensor data to provide optimum efficiency and accessibility from anywhere – something previously unavailable with manual tracking systems.
Managing one restaurant is challenging enough, but can you imagine hosting three concepts within a 110-year old historic building? It also helps that we manage all our foodinventory together– all our food products are stored in the same walk-in.
This edition of Modern RestaurantManagement (MRM) magazine's Research Roundup features foot traffic trends, the rise of the cautious consumer and the takeout shakeout. Restaurant Sales Velocity. measured on-premise outlets increased by +25 percent from May 9 to May 16.
Modern RestaurantManagement (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?”
To calculate the actual food cost, we’ll use the following equation: Actual Food Cost = Beginning FoodInventory + Food Purchases – Ending Inventory This equation can be used for either individual ingredients or using your full recipe for an overall total food cost.
inventorymanagement you can not accurately track the cost of goods sold. Knowing the cost of goods sold, or COGS, is one of the key accounting terms restaurantmanagers should know. COGS is typically one of a restaurant’s largest. For example, at the beginning of the week, your foodinventory totaled $4,000.
The operational challenges brought on by the pandemic, such as limited staffing and foodinventory planning due to supply chain issues, made it clear that reliable reservations are essential. Now, restaurants across all categories recognize the importance of these tools in protecting their bottom line.
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