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Revolutionizing Catering Compliance: The Future of Food Safety

Modern Restaurant Management

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.

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Under One Roof: Creating Distinct Identities for Three Concepts

Modern Restaurant Management

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 food inventory together– all our food products are stored in the same walk-in.

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MRM Research Roundup: End-of-May 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (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.

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Decade of Disruption: Restaurant Insiders Dish What’s on the Plate

Modern Restaurant Management

Modern Restaurant Management (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?”

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Food Costing 101

Optimum Control

To calculate the actual food cost, we’ll use the following equation: Actual Food Cost = Beginning Food Inventory + Food Purchases – Ending Inventory This equation can be used for either individual ingredients or using your full recipe for an overall total food cost.

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Restaurant Accounting Basics

Lavu

inventory management 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 restaurant managers should know. COGS is typically one of a restaurant’s largest. For example, at the beginning of the week, your food inventory totaled $4,000.

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Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Three

Modern Restaurant Management

The operational challenges brought on by the pandemic, such as limited staffing and food inventory 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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