Sculpture Hospitality

MARCH 21, 2023

As a business owner or manager, one of your top priorities is ensuring that your inventory is properly managed. Without accurate and up-to-date inventory records, it's impossible to make informed decisions about purchasing, pricing, and sales.

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Inventory Purchasing 109

Total Food Service

DECEMBER 6, 2023

Among the most pressing challenges for restaurant, bar, and taproom operators are the issues of fraud, waste, and breakage, where these instances of inventory shrinkage can silently erode the already thin margins. These figures highlight the critical need for effective control and monitoring systems in the hospitality industry.

Inventory 104

Inventory Food and Beverage Food and Beverage Customer Experience 104

Chef's Deal

NOVEMBER 6, 2023

Restaurant inventory management is key to a restaurant’s success because proper inventory management boosts kitchen productivity and profitability and prevents food wastage. Whether you’re a seasoned restaurateur or just starting, this guide will illuminate the nuances of managing your inventory efficiently.

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Inventory Management Inventory Inventory Management Software Commercial Kitchen 59

Sculpture Hospitality

MARCH 5, 2021

Understanding your costs is vital for making informed business decisions. When it comes to owning or managing a bar, it’s likely you know just how important successful bar inventory systems and processes are for the profitability of your business.

Inventory 141

Inventory 141

Lavu

MARCH 9, 2020

Inventory management is at the heart of running a successful restaurant business. With food ingredients costing a dime and requiring frequent replenishment, a restaurant inventory management system is necessary. It ensures that your chefs and cooks keep track of the available ingredients and can tell how much more inventory is needed.

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Inventory Management Inventory Recipes Point of Sale 78

Optimum Control

JANUARY 31, 2023

On top of the everyday tasks it takes to run a restaurant kitchen, your BOH team is responsible for inventory management – the key essential to running any restaurant. The practice of inventory management involves keeping track of the ingredients and supplies coming and going from your restaurant.

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Inventory Management Inventory Inventory Management Software Recipes 52

Sculpture Hospitality

SEPTEMBER 18, 2020

Proper food and beverage inventory management is one of the most important processes that any restaurant can implement into their backend operations. That’s because poor ordering decisions lead to wasted money.

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Inventory Management Inventory Food and Beverage Food and Beverage 94

Optimum Control

JANUARY 20, 2021

Are you currently using spreadsheets or pen and paper for managing your inventory? We know that making the switch to inventory management software for your restaurant can seem daunting, but the benefits make it worth the effort. What can inventory management software do for my restaurant? Let’s dive in!

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Inventory Management Software Inventory Management Inventory Recipes 52

Modern Restaurant Management

DECEMBER 8, 2022

Manage and Optimize Your Increased Holiday Inventory. The holidays bring an increase in beverage inventory, particularly kegged inventory for bars and restaurants centered around draft programs. Cooler management and on deck planning also becomes central to lowering the chaos that an increase in kegged inventory can bring.

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Inventory Food and Beverage Food and Beverage Customer Experience 188

Modern Restaurant Management

AUGUST 1, 2024

He believes that it's underutilized in the restaurant industry and can discuss the benefits it has for inventory management and food waste reduction, and why it’s a secret tech weapon that more brands should utilize. Vise spoke with Modern Restaurant Management (MRM) magazine about the opportunity for RFID in restaurants.

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Inventory Management Inventory Food Safety Restaurant Management 128

Lavu

MAY 31, 2019

Do you dread taking bar inventory? Most restaurant and bar owners struggle with maintaining order of their inventory. It’s tedious and arduous, but when done right, liquor inventory management can decrease costs and increase profits. Below, we reveal how to set up an efficient bar inventory system. You’re not alone.

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Inventory Inventory Management Purchasing Point of Sale 68

Modern Restaurant Management

SEPTEMBER 1, 2021

Bringing your data into a single data warehouse lets you make quick, informed decisions about what matters most to your business. Too many restaurants, even enterprise brands, are still using manual processes for various areas of the business, such as inventory, scheduling, and reporting. Savings on Prime Costs. Driving Brand Growth.

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Inventory 245

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. By comprehending the financial dynamics at play, restaurateurs can make informed decisions that contribute to their overall profits and sustainability.

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Inventory Management Inventory Food and Beverage Food and Beverage 138

Modern Restaurant Management

NOVEMBER 7, 2024

What restaurants can do, however, is re-think how their direct food supply is managed – from transport to inventory control. Route Optimization : This technology uses real-time GPS data, alongside information on weather and traffic patterns, to optimize how a restaurant’s food delivery gets from A to B.

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Food Supply Inventory Inventory Management Purchasing 110

Lavu

FEBRUARY 14, 2024

A state-of-the-art restaurant POS System, specifically tailored for bars and restaurants, streamlines transactions, inventory management, and customer service, ensuring that business owners can focus on what they do best—serving their patrons. That’s why inventory management is one of the most important features of a good bar POS system.

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Inventory Management Inventory Point of Sale Kitchen Display System 166

Modern Restaurant Management

NOVEMBER 16, 2021

Enter the cloud, which helps restaurant operators deliver services and make informed business decisions based on up-to-date data, right here, right now. For example, the cloud-AI combo provides information about a particular diner’s preferences, enabling you to suggest items based on historical information or offer customized coupons.

Customer Experience 203

Customer Experience Inventory Inventory Management Restaurant Management 203

Modern Restaurant Management

FEBRUARY 2, 2024

Meanwhile, restaurants must effectively manage inventory, staff, and customer data. As a result, many establishments struggle with slow service times, inefficient inventory management, and inadequate customer engagement — all of which can lead to decreased satisfaction and lost business.

Inventory 189

Inventory Inventory Management Customer Experience Customer Service 189

Lithos POS

MARCH 16, 2023

Additionally, improved inventory management will help you easily track the items based on their category and combinations. by using an efficient POS system you can simplify and keep your business operations such as sales, inventory, reporting, and customer relationship management, and you can save time and cost.

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Point of Sale Inventory Inventory Management Customer Experience 40

Modern Restaurant Management

MARCH 21, 2022

The key is to make the right decisions around inventory and pricing at the right times—and having the right technology can make all the difference. Back-office technology centralizes, automates, and improves operating processes related to purchasing, accounts payable, inventory management, recipe and menu engineering, labor scheduling,?and

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Inventory Recipes Inventory Management Purchasing 203

Modern Restaurant Management

JANUARY 15, 2024

Operators need to invest in a back-of-house technology system that simplifies daily tasks for them, such as inventory and scheduling. Prepare in advance by reviewing the increased projected sales and product mix (PMIX) reports.

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Inventory Catering Catering Food and Beverage 208

Modern Restaurant Management

FEBRUARY 11, 2022

Build Actionable Information with Data. With well-built reports, restaurant operators will be able to see real-time data from across their tech stack and get the key information they need to be proactive, catch problems early, and run a profitable restaurant. Make Inventory a Best Practice, Not an Afterthought.

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Inventory Staffing Recipes Purchasing 185

Lithos POS

AUGUST 20, 2024

Get and update sales reports and inventory information online and ensure all important business information is available when needed. Use advanced encryption and security measures to protect payment data, ensure secure connections, and protect customer information. View all locations from a single dashboard.

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Inventory Inventory Management Point of Sale Kitchen Display System 52

Lithos POS

SEPTEMBER 24, 2024

The POS system is now the backbone of restaurant operations integrating order management, inventory tracking, customer statistics, payment processing, and more into one cohesive platform. The system allows you to track your inventory in real-time and automatically update your stock status when you place an order.

Inventory Management 52

Inventory Management Inventory Point of Sale Customer Experience 52

Modern Restaurant Management

FEBRUARY 27, 2023

Keep Inventory Low If restaurant sales are not covering expenses or if the business has extra inventory in walk-in or dry storage that just isn’t moving, it’s a good time to start trimming back inventory. By minimizing the menu options, a unit can limit the amount of inventory needed to order each week.

Inventory 189

Inventory Food and Beverage Food and Beverage Purchasing 189

Bevspot

JULY 10, 2015

Calculating Inventory Usage Successful bar managers will tell you that efficient inventory management is the key to maintaining a profitable bar. To do this, you must understand inventory usage, or how much product a business has used over a time period. bottles at the main bar, then total starting inventory is 6.3

Inventory 52

Inventory Inventory Management 52

Modern Restaurant Management

JANUARY 18, 2022

You can make data-informed decisions about where to put your resources and when. How to Use Key Metrics for Proper Inventory. Mastering how to forecast your inventory is just the first step, you almost must control it. Check your inventory against data collected by the POS.

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Inventory Restaurant Manager Restaurant Management Food and Beverage 212

Modern Restaurant Management

SEPTEMBER 22, 2022

Stay informed about current events and industry trends. A key takeaway is to stay informed about current events (e.g., Elevate your inventory management. You can’t properly manage your spending if you don’t have a good handle on your inventory. find alternate suppliers). Reduce food waste.

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Food Supply Inventory Management Inventory Food Safety 212

Modern Restaurant Management

AUGUST 7, 2023

Easy Access and Inventory Management The large doors of walk-in coolers allow for easy access to stored items, making it convenient for staff to retrieve what they need. This accessibility boosts efficiency in kitchen operations and enhances inventory management. Here are key steps involved in the installation process: 1.

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Inventory Management Inventory Food and Beverage Food and Beverage 167

Modern Restaurant Management

MAY 10, 2022

Why should you and your staff spend hours counting inventory, auditing invoices, and combing through contracts? When you’re short on time and resources, technology can help you automate on and off-premise processes, navigate increased costs, and make more informed business decisions. Leverage Purchasing Data.

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Inventory Purchasing Recipes Restaurant Management 197

Lithos POS

NOVEMBER 15, 2024

LithosPOS excels with advanced features that allow businesses to seamlessly manage transactions, track inventory, and integrate with other systems. Real-Time Inventory Tracking and Availability One of the biggest frustrations for customers is finding out that the product they want is out of stock.

Customer Experience 52

Customer Experience Inventory Point of Sale Purchasing 52

Modern Restaurant Management

AUGUST 5, 2024

Use this information to tailor your Restaurant Week deals. Manage Inventory Effectively : Real-time inventory tracking helps avoid overstocking or running out of popular items. Implementing a dynamic inventory system means you can adjust orders swiftly based on real-time sales data.

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Staffing Kitchen Display System Inventory Inventory Management 100

Modern Restaurant Management

APRIL 10, 2024

They’re using that information for myriad purposes—from effectively managing inventory to launching new menu items. When systems factor in inventory data, restaurants can shift recommendations based on inventory levels and help avoid selling out of key items during peak demand periods.

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Inventory Point of Sale Food Preparation Staffing 196

Lithos POS

OCTOBER 16, 2024

Running a successful restaurant involves managing multiple tasks simultaneously taking customer orders, tracking inventory, processing payments, and ensuring top-notch service. Mistakes like incorrect orders, missed adjustments, and poor inventory management can frustrate customers and affect your bottom line.

Inventory Management 52

Inventory Management Inventory Point of Sale Customer Service 52

Modern Restaurant Management

AUGUST 22, 2024

. "Guests want to know what items are included in each dish, where the products come from, and other information like allergens. Restaurants should be able to provide this information to anyone placing orders or reading a menu.

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Inventory Customer Experience Customer Service Customer Service 122

Modern Restaurant Management

DECEMBER 18, 2023

Fifty-three percent of those respondents said they have reduced their cost of goods sold (COGS) through better inventory tracking of key ingredients. In addition, AI can be used to automate and improve many back-of-house processes such as sales forecasting, purchasing, inventory, scheduling, and accounting.

Inventory 202

Inventory Customer Experience Staffing Purchasing 202

Hospitality Net

MAY 1, 2024

You’ve got roughly half an hour to decide what average daily rate ought to be for your soon-to-be-sold-out room inventory. Your average revenue management platform can make an algorithmic guess on what you ought to charge, based upon historical data plus whatever information other users on the platform chose to disclose.

Inventory 97

Inventory 97

Lithos POS

OCTOBER 27, 2024

This is particularly beneficial for multi-store retailers and restaurants as it ensures you can track sales, monitor inventory, and manage staff wherever you are. Key Benefits of Cloud-Based LithosPOS: Access sales and inventory data across multiple locations in real time.

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Inventory Management Inventory Customer Experience Point of Sale 52