Modern Restaurant Management

SEPTEMBER 14, 2022

Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs. Restaurant owners can track inventory purchase data, which can help them buy ingredients more efficiently. Role of AI in Back of House.

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Staffing Customer Experience Food and Beverage Food and Beverage 528

Modern Restaurant Management

APRIL 21, 2022

Roy Phillips (RP) : 20 years ago it was all about the point of sale (POS). There were a couple restaurant management software companies out there, but it was just inventory and budgets. I don’t remember any reporting other than inventory reports. It wasn't all that great, to be honest. This isn't just us.

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Point of Sale Inventory Restaurant Management Restaurant Manager 493

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.

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Food and Beverage Food and Beverage Point of Sale Purchasing 470

Modern Restaurant Management

DECEMBER 30, 2020

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. RBR’s study, which covers projects with 1,000 or more point-of-sale devices, forecasts nearly 1.8

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Food and Beverage Food and Beverage Point of Sale Inventory 528

Lavu

APRIL 4, 2025

A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking. Lavu : Best for ingredient-level inventory tracking and loyalty features. Lightspeed : Ideal for advanced inventory control and analytics. Pricing starts at $9.99/month.

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Inventory Inventory Management Point of Sale Customer Experience 78

Lavu

FEBRUARY 28, 2025

Start by analyzing these Top 7 POS Sales Reports to know where your restaurant is headed. These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Sales Exceptions Reports : Spot voids, refunds, and discounts to minimize losses and detect irregularities.

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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.

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Purchasing Inventory Management Software Customer Experience Inventory 130

Modern Restaurant Management

DECEMBER 16, 2021

Accurate forecasts help drive “smart” restaurant operations, like using daily sales to drive inventory decisions in smart ordering or smart prep. For instance, data enables you to know a patron – let’s call her Mary – regularly purchases a strawberry sundae with extra whipped cream and nuts.

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Hospitality Hospitality Customer Experience Point of Sale 473

Modern Restaurant Management

SEPTEMBER 3, 2020

New health codes and reopening mandates, plus the safety and perception of patrons, have made it imperative to invest in COVID-approved inventory including masks, gloves, sanitizers, signage (think: at the door, at point of sale, and throughout), as well as the cost of developing or purchasing new training materials and implementing them with staff.

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Point of Sale Purchasing Inventory Chef 502

Lithos POS

JANUARY 1, 2025

Are you struggling with long checkout lines, inefficient inventory management, or customer satisfaction? Point of Sale (POS) software is a game-changing tool that addresses these challenges head-on. Sales Reports: Generate detailed reports on fast-moving and slow-moving items to help managers make informed purchasing decisions.

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Inventory Management Inventory Customer Experience Point of Sale 52

Modern Restaurant Management

MARCH 16, 2020

Point-of-Sale Terminals Market to Grow 2X on Back of Heightened Demand for Cashless Payments. Point-of-sales (POS) Terminals market will grow at a promising CAGR of more than 7 percent between 2019 and 2029. Point of sale terminal systems offer these features as additional benefits to drive market demand.

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Point of Sale Chef Food and Beverage Food and Beverage 305

Modern Restaurant Management

DECEMBER 31, 2024

In fact, hot honey purchases surged by 30 percent in Grubhub grocery stores orders, proving that Americans were all in on swicy, pairing it with everything from fried chicken to French fries. With alcohol sales shrinking, restaurants must reevaluate their offerings, menus, and inventory management to maintain profitability.

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Purchasing Food and Beverage Food and Beverage Restaurant Management 221

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

Lithos POS

JULY 26, 2022

Here is why you need to rely on technology such as point of sale software (POS). An ideal point of sale software for small businesses can automate all your business operations. How does a point of sale software work at a small business? How does a point of sale software work at a small business?

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Point of Sale Inventory Management Inventory Customer Experience 52

Modern Restaurant Management

DECEMBER 31, 2024

Top Purchases For 2024’s Most Memorable Moments Serving Looks : After weeks of watching the pros at the US Open, consumers felt inspired to hit the courts themselves. A-Peeling Purchase : This year, we uncovered that a consumer placed a.53 Most & Least Expensive Orders (spoiler alert: not what you would expect!)

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Food and Beverage Food and Beverage Chef Nutrition 450

Lavu

DECEMBER 9, 2019

Keep Track of Your Inventory. Busy with other tasks and responsibilities, restaurant owners and managers don’t always reconcile inventory as often as they should. It’s a good idea to implement a First-In, First-Out (FIFO) system to ensure that the first food items purchased are also the first used. Think Before Ordering.

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Point of Sale Inventory Recipes Purchasing 113

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

Lithos POS

NOVEMBER 15, 2024

LithosPOS excels with advanced features that allow businesses to seamlessly manage transactions, track inventory, and integrate with other systems. Lengthy checkout processes can lead to purchase abandonment and negatively affect customer perception. However, manually tracking points and rewards can be cumbersome and error-prone.

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Customer Experience Inventory Point of Sale Purchasing 52

Modern Restaurant Management

FEBRUARY 18, 2020

Table stakes today requires a POS system that fully integrates and automates: Inventory management – recipe management and COGS insights. Historical and predictive Sales data. As we head into 2020, expect to see cloud-based point-of-sale systems gain an ever-increasing share of the POS market.

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Food and Beverage Food and Beverage Catering Catering 539

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

DECEMBER 21, 2022

Having a single supplier and point of support for all the store technology and payment processing functions also reduces administrative burden and risk. Emphasis on Group Sales : While household wallets may be tightening, corporate travel budgets are relaxing as employers push for a return to offices and face to face interactions.

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Food and Beverage Food and Beverage Staffing Chef 419

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. The introduction of dynamic pricing has many benefits for operators, including the ability to increase revenues, better manage inventory and protect profit margins.

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Catering Catering Food and Beverage Food and Beverage 539

Lavu

APRIL 13, 2020

Automatic inventory tracking (avoid over-ordering). Keep Track of Inventory with POS Integrations. With your POS system, you can easily keep track of inventory and adjust orders. Cut Down on Perishable Food Purchases. Keep a close eye on your inventory analytics and use caution when ordering perishable food products.

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Dining Hall Inventory Point of Sale Food Supply 148

Lavu

NOVEMBER 17, 2023

This approach helps increase sales of high-margin items, reduce waste and inventory costs, and ultimately improve profit margins. Offering a variety of menu options like prix fixe menus, chef’s specials, and limited-time offers can also drive sales and boost profits.

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Inventory Management Inventory Food and Beverage Food and Beverage 138

Lithos POS

MAY 10, 2023

Managing inventory, payments, customers and employees can be challenging. LithosPOS integrates with other systems such as accounting software, marketing tools, inventory management systems, CRM software, and other payment systems. It helps you to automate complex inventory operations.

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Point of Sale Inventory Inventory Management Customer Experience 40

Modern Restaurant Management

DECEMBER 14, 2020

The impact has ignited a ripple effect on social media with industry leaders and individuals alike unifying with one simple message and a friendly challenge: to purchase gift cards or a meal to their favorite restaurant. by 2022 through Starbucks first supply chain Virtual Power Purchase Agreement with a solar farm in Virginia.

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Food and Beverage Food and Beverage Purchasing Restaurant Management 474

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. ” While Dine-In Ordering is free of charge for Online Ordering customers, BentoBox customers not yet using Bento Ordering can purchase a license at $39 per month.

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Recipes Food and Beverage Food and Beverage Hospitality 527

Culinary Digital

DECEMBER 19, 2024

While several kitchens are experimenting with AI-powered point-of-sale systems, like this self-checkout station at Dartmouth Tuck School of Business , the most promising AI technologies for food service management are behind the counter. AI-powered supply chain platforms provide an enticing solution.

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Food Service Manager Food Service Management Food Service Food Service 130

Lithos POS

FEBRUARY 16, 2023

It’s proven that a dynamic point-of-sale platform has become essential for running a successful business. Whether it is a retail store or restaurant, it automates POS terminals and billing counters with integrated flexible payment options , streamlined inventory management , and integrated customer loyalty programs.

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Point of Sale Inventory Management Inventory Customer Experience 40

The Restaurant Warehouse

APRIL 3, 2025

Implement online ordering systems and inventory management software. Instead of focusing on individual platforms, consider using all of them and redirecting customers back to your own sales channels. This also allows you to track sales data across different platforms and identify which ones are most profitable.

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Inventory Inventory Management Software Inventory Management Kitchen Equipment 52

The Restaurant Warehouse

APRIL 4, 2025

If you're purchasing property, consider mortgage payments, property taxes, and potential renovations. Initial Inventory and Food Costs Your initial inventory represents a significant upfront cost. A POS system streamlines operations, manages inventory , processes payments, and tracks sales data.

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Inventory Inventory Management Staffing Purchasing 52

Lavu

APRIL 8, 2020

Choosing a point of sale (POS) system is one of the most important business decisions to make. The right POS system provides a powerful platform to boost sales and streamline operations. Make it Easy to Purchase with Online Ordering Apps. In turn, they will make your life easier. Online Ordering and Mobile Apps.

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Point of Sale Inventory Inventory Management Customer Service 78

Lithos POS

NOVEMBER 25, 2024

Our point-of-sale solutions are designed to future-proof your business and ensure you maintain a market-leading position. As a comprehensive point-of-sale solution , LithosPOS offers the flexibility and reliability businesses need to meet the demands of modern retail. Key Retail Trends for 2025 1.

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Inventory Management Point of Sale Inventory Customer Experience 52

Lithos POS

SEPTEMBER 27, 2023

The restaurant point of sale system is an effective innovation in the restaurant industry. POS, or Point of Sale, refers to the point at which a sales transaction reaches its ending. A restaurant’s point of sale system consists of hardware and software specific to the restaurant industry.

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Inventory Point of Sale Inventory Management Customer Experience 69

Modern Restaurant Management

MAY 12, 2020

Since its inception in mid-March, more than 500 restaurants around the world have joined the program and are reporting sales ranging from several thousand dollars to up to $60,000. " Dining Bonds work like savings bonds, where guests can purchase a bond at a value rate today, to be redeemed for full face value in the future.

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Food and Beverage Food and Beverage Hospitality Hospitality 376

Lavu

DECEMBER 20, 2019

You can keep accurate track of inventory and manage the. food inventory and your total sales for the period. inventory + purchases – ending inventory) ÷ food sales. So, in the above example, let’s say your starting inventory was $20,000 and you made $5,000 in purchases.

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Recipes Inventory Food Inventory Purchasing 78

Lavu

JANUARY 2, 2020

How Do you Make Accurate Restaurant Sales Forecasts? Keeping accurate forecasts of your restaurant sales allows you to determine how well your business is performing. You get to know when to order your next month inventory, open more restaurant locations, or recruit more employees for optimal performance. Inventory Projections.

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Inventory Staffing Purchasing Restaurant Management 78