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

Inventory 508

Inventory Recipes Inventory Management Purchasing 508

Modern Restaurant Management

JANUARY 18, 2022

Knowing where you stand financially on a real-time basis will help you to not overspend when sales are lower, while simultaneously allowing you to purchase more when the sales warrant it. You can make data-informed decisions about where to put your resources and when. How to Use Key Metrics for Proper Inventory.

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Inventory Restaurant Management Restaurant Manager Food and Beverage 531

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 474

Inventory Food and Beverage Food and Beverage Purchasing 474

Modern Restaurant Management

JUNE 15, 2021

Inventory stock changed significantly. Lavu, the restaurant technology services company, estimates 42 percent of food purchases are made online. These non-paper menus can be changed swiftly, allowing restaurants to remove items when inventory lags and promote items that have higher margin.

Inventory 508

Inventory Inventory Management Food and Beverage Food and Beverage 508

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.

Inventory 463

Inventory Staffing Recipes Purchasing 463

Modern Restaurant Management

JANUARY 20, 2022

Some of the biggest disruptors will result from the increase in information technology, autonomous vehicles, automation and robotics in the kitchen, and AI chefs. Restaurants can then adjust their food purchasing decisions accordingly, reducing their spending amounts as well as their contribution to food waste. Voice Ordering.

Inventory 520

Inventory Purchasing Chef Point of Sale 520

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. This is important because the material shifts in consumer behavior are largely associated with how they choose to discover, purchase, and receive their goods from restaurants. Planning and Forecasting. Tracking Supply Chain Flow.

Inventory 546

Inventory Food and Beverage Food and Beverage Inventory Management 546

Modern Restaurant Management

JULY 14, 2022

” I can sit here all day and talk about using the right ingredients or cutting back on unnecessary purchases. But when you think about it, where would you get that information from? Think of all the hours you spend counting inventory, placing orders, and managing your accounts payable. The unknown is always scary.

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Inventory Purchasing 539

Modern Restaurant Management

SEPTEMBER 9, 2021

The data to analyze with food is the following: food sales, food costs, sales mixture, food inventory, cost of goods sold, menu pricing, invoice reviews for accuracy of pricing, stock on hand, beginning and end of day protein counts, and daily sold items. Purchasing of Foods. Each day, the chef purchases more food.

Chef 520

Chef Inventory K-12 Purchasing 520

Modern Restaurant Management

JULY 13, 2021

Personalization has even been deemed the holy grail for restaurants, especially for tech-savvy diners who are used to brands like Amazon remembering their past orders and automatically making recommendations based on preferences and purchasing patterns. But what if you aren’t the fast-food giants of the world?

Customer Experience 531

Customer Experience Purchasing Inventory 531

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 506

Inventory Customer Experience Staffing Purchasing 506

Modern Restaurant Management

AUGUST 29, 2022

A digital sensor detects a temperature reduction inside a freezer due to overfilled inventory. The sensor creates a text-based descriptive insight and prompts a physical action from an employee—such as to move the overfilled inventory to a different freezer where there is more space.

Restaurant Management 473

Restaurant Management Restaurant Manager Food Safety Inventory 473

Modern Restaurant Management

NOVEMBER 3, 2021

If inventory is laid out in a way that isn’t intuitive, your employees will take longer to take inventory or take it less often than they should. Inventory management, automated reporting, one-click purchasing, and more are all ways you can look at streamlining the daily tasks employees face.

Inventory 433

Inventory Staffing Inventory Management Purchasing 433

Modern Restaurant Management

AUGUST 22, 2024

Kulasooriya said staying on top of menu and ingredient trends is always important for operators as is quickly finding the best combination of quality and price in a restaurant’s purchasing operation is critical to that, and e-commerce platforms not only do that but can highlight the ingredient trends driving it all.

Customer Service 402

Customer Service Customer Service Inventory Customer Experience 402

Modern Restaurant Management

APRIL 26, 2022

Restaurants that integrate AI into their POS systems benefit from detailed analytical data generated by the system, which informs management about the utilization of inventory items, resulting in significant cost savings. Underutilization or product expiration can be avoided by tracking and purchasing items based on their use.

Customer Experience 493

Customer Experience Purchasing Inventory 493

Modern Restaurant Management

JANUARY 10, 2022

This will provide more reliable data, and information that is easier to parse and act on. An app for things like scheduling, clocking, inventory, and checklists is becoming more popular and giving restaurants a competitive edge in a tight labor market. Move to Mobile.

Inventory 520

Inventory Recipes Restaurant Manager Restaurant Management 520

Modern Restaurant Management

MAY 19, 2022

With accurate recipe information gained from menu engineering, it’s now time to see how much product you are using in theory versus how much you actually use, which can be critical to your profitability. Train Staff on the Importance of Restaurant Inventory Control. Learn to Forecast Accurately.

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Recipes Food and Beverage Food and Beverage Inventory 469

Modern Restaurant Management

DECEMBER 10, 2020

Consider that mobile makes up 84% of all “near me” searches and 28% of searches for something nearby result in a purchase. Keeping websites up to date with fresh content and complete restaurant information including menus, hours of operation, and address can improve SEO (Search Engine Optimization). Keep them updated.

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Inventory Purchasing 563

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.

Inventory Management 322

Inventory Management Inventory Food Safety Restaurant Manager 322

Food Safety Tech

NOVEMBER 25, 2024

A larger movement is now emerging to bridge this information gap, driven by consumer demand for deeper insights into the food they consume. According to research by NielsenIQ and the Food Industry Association, two-thirds of shoppers are willing to switch to brands that provide detailed product information.

Food and Beverage 111

Food and Beverage Food and Beverage Nutrition Food Supply 111

Modern Restaurant Management

SEPTEMBER 7, 2022

While restaurants have always been intentional about food waste, menu offerings, and purchasing, I see operators doubling down on looking for any efficiency to help save money right now. Having strong management of your menu enables improvement across all areas of your inventory and food management.

Recipes 491

Recipes Inventory Purchasing 491

Modern Restaurant Management

APRIL 21, 2020

As reported every day in the news, kitchens across the country are shuttering often with inventory on hand and retailers cannot stock their shelves fast enough to meet consumer demand as panic-buying abounds. These products are generally sold and purchased in bulk and do not contain required consumer labeling.

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Nutrition FDA Food Service Food Service 412

Modern Restaurant Management

AUGUST 12, 2020

Not only were thousands of restaurants required to close for a period of time, but inventory prices have increased and the Centers for Disease Control and Prevention has recommended potentially expensive new sanitation processes and reduced capacities. Make sure there’s clear and visible signage around the restaurant.

Purchasing 520

Purchasing Inventory Restaurant Manager Restaurant Management 520

Lavu

MARCH 17, 2025

Leverage POS Systems : Tools like Lavu POS automate inventory tracking, reduce order errors, and provide real-time insights. Start by tracking inventory, analyzing menu performance, and negotiating with suppliers to cut costs and boost profits. Log spoilage through inventory adjustments. Whole Wheat Bun $0.30 Avocado(1/4) $1.20

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Inventory Inventory Management Food and Beverage Food and Beverage 78

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 128

Culinary Digital

APRIL 5, 2023

Here are some important factors to consider when purchasing foodservice software. Additionally, the software should be flexible enough to integrate with other systems, such as payment gateways, inventory management software, and accounting software. The ability to track inventory and sales data in real-time.

Purchasing 130

Purchasing Inventory Management Software Customer Experience Inventory 130

Modern Restaurant Management

AUGUST 27, 2024

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. If you purchase ingredients and supplies with cash, be sure to keep copies of the actual receipts from the vendors. Operating a restaurant is not easy. 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

MAY 9, 2023

” In a restaurant setting, personalization often lies in making informed menu recommendations – something automation excels at. The same technology can also be used to efficiently provide customer support, like additional menu information. Every dime of revenue can be captured before it falls through the cracks.

Customer Experience 444

Customer Experience Inventory Purchasing Hospitality 444

Modern Restaurant Management

JANUARY 25, 2022

This purchase won’t increase revenues or efficiencies, but will create additional costs. I’ve been in this industry 30 years, but have never seen the constant bombardment of challenges that we’re faced with daily—staffing shortages, price increases, inventory problems, etc. Recommendation : DON’T DO IT!

Food and Beverage 474

Food and Beverage Food and Beverage Staffing Hospitality 474

Lavu

MARCH 13, 2025

By leveraging POS data, restaurants can adjust inventory, staffing, and marketing strategies to maximize profits during busy periods and minimize waste during slow seasons. Plan Inventory : Track sales velocity to stock up on popular items while avoiding overstocking.

Inventory 78

Inventory Staffing Inventory Management Purchasing 78

Modern Restaurant Management

SEPTEMBER 30, 2024

Shifting Consumer Patterns Require Restaurants to be Data-driven and Nimble 2024 has already seen shifts in how and when consumers make a purchase. On one hand, it increases the speed with which restaurants can act on data and turn information into intelligence. Breakfast sales continue to change as more people return to the office.

Food Service 450

Food Service Food Service Inventory Purchasing 450

Modern Restaurant Management

JUNE 10, 2021

Southwest has stayed true to this core strategy of controlling the guest interaction and purchase experience. Today, with proper integrations, information is syndicated out in a way that reflects live inventory. Real Estate.

Inventory 493

Inventory Purchasing 493

Modern Restaurant Management

SEPTEMBER 19, 2023

This enables businesses to avoid buying too much inventory. Its predictive abilities, which are already used to manage inventory, are also used by food manufacturing plants to predict supply and demand. Sellers would make money from foods that they would otherwise throw out, while buyers would get good deals.

Food and Beverage 322

Food and Beverage Food and Beverage Inventory Food Prices 322

Modern Restaurant Management

JULY 9, 2021

Most products that receive the certification bear the NSF mark on their packaging to help buyers make educated purchases. Each NSF certification process is specific to the product, process or service being certified and the type of certification, but generally follows the below seven steps: Application and information submission.

Food and Beverage 469

Food and Beverage Food and Beverage Food Service Food Service 469

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.

Inventory Management 108

Inventory Management Inventory Food and Beverage Food and Beverage 108

Lavu

NOVEMBER 30, 2024

They connect tools like inventory tracking, payroll, and online ordering into one system, allowing real-time data access for smarter decisions. Key benefits include: Efficiency : Automates workflows like inventory management and order processing. These systems work well for everything from fast-food spots to full-service restaurants.

Kitchen Display System 78

Kitchen Display System Inventory Staffing Customer Experience 78

Lavu

FEBRUARY 28, 2025

These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Inventory Reports : Monitor stock levels, usage patterns, and waste to control costs and prevent overstocking or shortages. Over time, these insights can inform decisions about staffing, inventory, and menu tweaks.

Inventory 78

Inventory Staffing Point of Sale Inventory Management 78