article thumbnail

The True ROI of IoT in Food Service 

Modern Restaurant Management

” No truer words were spoken by Benjamin Franklin and is a mantra that resonates deeply for businesses in the food service industry—many of whom are in recovery mode in the midst of the COVID-19 pandemic. That’s five to seven times more energy used by food service than in a commercial space.

article thumbnail

Save Inventory, Time and Labor Cost with IoT Monitoring

Modern Restaurant Management

This article will cover how implementing automation tools like IoT monitoring can save your business money, protect your inventory, and save time. Food service businesses, on average, lose 28-35 percent of their income annually from pre-consumer food waste. Rising Overhead Costs Are Hiking up Prices.

Inventory 474
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Food Service Industry’s Digital Transformation Journey Heading into 2025

Modern Restaurant Management

The food service industry is forecast to reach $1 trillion in sales this year. We’re seeing younger buyers investing in dining experiences that blend food, convenience, and atmosphere with their values as shoppers. Macroeconomic conditions cycle quicker and quicker. And yet, the modern restaurant is thriving.

article thumbnail

2025 Outlook: Experts Weigh In on Restaurant Trends and Challenges, Part One

Modern Restaurant Management

When consumers order more food online, it’s clearly good for business – but it can also make it harder for businesses to manage inventory. In 2025, restaurants need to have a plan in place that ensures they are effectively managing inventory and redirecting unused, still edible food to donations.

Inventory 419
article thumbnail

Strategies for Achieving a Zero-Waste Kitchen in Your Restaurant

Modern Restaurant Management

Managing Inventory The first area of focus for any waste elimination strategy is your restaurant’s approach to ingredients. This is one of the most significant areas of inefficiency for any food business. A recent study — Food Waste on Food Service — reported that, on a global scale, around $2.6

article thumbnail

Three Simple Ways Restaurants Can Embrace IoT in 2022

Modern Restaurant Management

While there is plenty of technology out there to optimize your establishment, one food service trend is becoming a mainstay: Internet of Things. Product & Inventory Tracking. This crucial step can prevent spoiled food and ingredients, saving you money in the long run. Automatically switching modes (i.e.

article thumbnail

Track These Restaurant Analytics (Infographic)

Modern Restaurant Management

That idea holds true in the hospitality and food service industries where crucial business decisions are made every day. Creating data continuously, this set of devices, software and payment services is an essential part of a business today. These findings may be used to reduce food waste and operating costs.

Inventory 491