Modern Restaurant Management

APRIL 10, 2024

Leverage Data to Personalize Experiences Every day, restaurants generate vast volumes of data from their point-of-sale (POS) systems. They’re using that information for myriad purposes—from effectively managing inventory to launching new menu items.

Inventory 196

Inventory Point of Sale Food Preparation Staffing 196

Lavu

JULY 22, 2024

In this fast-paced industry, having the right restaurant management tools isn’t just nice – it’s crucial. Let’s dive into why flexible point of sale solutions are becoming the secret ingredient for successful restaurants. Your restaurant POS should empower you, not constrain you.

Food Service 78

Food Service Food Service Restaurant Manager Restaurant Management 78

Lavu

NOVEMBER 17, 2023

This low profit margin can be attributed to the high overhead costs associated with running a restaurant, including rent, labor, food and beverage costs, and utilities, often account for a major chunk of your expenses, making it challenging to increase your restaurant profit margin.

Inventory Management 138

Inventory Management Inventory Food and Beverage Food and Beverage 138

Modern Restaurant Management

MAY 31, 2022

Restaurant owners or managers would rather spend time on other meaningful tasks, such as recruiting and hiring, training chefs, or updating daily specials on the menu. However, new technologies have made restaurant reporting much easier. Keeping tables occupied is crucial for restaurants.

Inventory 196

Inventory Customer Experience Point of Sale Inventory Management 196

Modern Restaurant Management

APRIL 5, 2022

The reasons for the accelerated growth of this idea, the contribution of POS to these kitchens, the display systems to make the operations easier, and the automated operations used in the inventory as well in the kitchen for easy food management- are some of the ideas that will be discussed in the following paragraphs.

Inventory Management 196

Inventory Management Inventory Point of Sale Inventory Management Software 196

Modern Restaurant Management

OCTOBER 26, 2022

Partnering with a payment processing company that delivers services designed to inject efficiency into operations is another way restaurants can reduce their costs. A point of sale (POS) system which combines payment processing with restaurant management software can help make restaurant operations run smoother and more efficiently.

Point of Sale 179

Point of Sale Inventory Management Purchasing Inventory 179

Modern Restaurant Management

SEPTEMBER 3, 2024

Though restaurant technology isn't one-size-fits-all, especially for small and medium business (SMB) operations looking to scale efficiently, finding the right solutions can make all the difference between a bustling business with customers lined around the block and a chaotic, disconnected dining experience.

Inventory 183

Inventory Point of Sale Inventory Management Staffing 183

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.

Point of Sale 197

Point of Sale Inventory Restaurant Manager Restaurant Management 197

Lavu

DECEMBER 12, 2022

Every restaurant manager should know these two numbers. List all the cash that’s going out each week and each month, including: Rent, loans, or mortgage payments Food and drink ingredients Labor costs Supplies An essential tool for monitoring cash coming in and out of your business is a point-of-sale (POS) system.

Inventory 78

Inventory Inventory Management Staffing Point of Sale 78

Modern Restaurant Management

JULY 30, 2020

In early March at Oracle's Food & Beverage conference held prior to the COVID-19 outbreak shutdown, Modern Restaurant Management (MRM) magazine discussed the company's plans for products and services designed to help Mom and Pop restaurants with Chris Adams, VP of Strategy for Oracle F+B about their future plans in the above video.

Point of Sale 153

Point of Sale Food and Beverage Food and Beverage Kitchen Display System 153

Modern Restaurant Management

MAY 15, 2023

A mobile ordering platform allows operators to directly own profits and guest relationships – allowing customers to easily order pickup or delivery directly from the restaurant, commission free. Manages orders at peak hours so the kitchen isn’t overwhelmed.

Customer Experience 197

Customer Experience Inventory Management Software Inventory Point of Sale 197

Modern Restaurant Management

NOVEMBER 1, 2024

When companies work independently, it often results in inaccuracies, inefficiencies, and confusion, as information and action aren’t streamlined between manufacturers, distributors, restaurants, and other points of sale. As this onion recall illustrates, the food industry must work collaboratively.

Point of Sale 88

Point of Sale Inventory Food Safety 88

Modern Restaurant Management

JUNE 10, 2024

Leveraging Customer Data for Optimized Operations Integrating technology into restaurant operations, from point-of-sale systems to customer relationship management (CRM) platforms, facilitates the collection and analysis of customer data.

Customer Experience 177

Customer Experience Point of Sale Inventory Management Staffing 177

Lavu

MARCH 27, 2020

The words “restaurant management system” rarely cause excitement. Food is fascinating, and dining out often leads to cherished memories, but a restaurant’s transaction system does not make it into those memories. A Historical Look at the Evolving Restaurant. Restaurants have been evolving since the 1850s.

Point of Sale 78

Point of Sale Restaurant Manager Restaurant Management Inventory 78

Modern Restaurant Management

JULY 13, 2021

The research is pointing toward off prem only continuing to grow in popularity with guests. Choosing to focus only on ordering and point of sale systems is like only finishing the middle of the puzzle. Is it better drive thru tech or smart inventory tools to keep tighter controls on food costs?

Inventory 197

Inventory Point of Sale Purchasing 197

Modern Restaurant Management

MARCH 24, 2020

The modern restaurant point-of-sale (POS) system has grown beyond simply handling payments. Feature-rich mobile POS systems have evolved to processing orders, sending tickets to the kitchen, providing detailed reporting and offering thorough inventory and business management. The Future of POS.

Point of Sale 122

Point of Sale Inventory Food Service Food Service 122

Modern Restaurant Management

AUGUST 16, 2023

An added benefit: restaurants can also capture and analyze valuable customer data. Using cutting-edge technology positions restaurants to unlock a wealth of prospects to enhance the customer experience. Enhanced accuracy through minimized human errors in order processing and inventory tracking.

Customer Experience 167

Customer Experience Inventory Inventory Management Food and Beverage 167

Modern Restaurant Management

MARCH 28, 2024

While brands are increasingly labeling their products with 2D barcodes, retailers have also recognized the value and committed to accept 2D barcodes at point of sale by 2027 in a GS1 US initiative called “ Sunrise 2027.”

Menu Creation 221

Menu Creation Food Safety Point of Sale Inventory 221

Modern Restaurant Management

OCTOBER 1, 2024

These devices enable bartenders to read customer situations in real time and adapt accordingly, whether by assisting a colleague at a table, offering another round to bar patrons, or even managing inventory on the fly. A significant part of the problem is the fragmentation of restaurant tech stacks.

Kitchen Display System 179

Kitchen Display System Point of Sale Kitchen Management Kitchen Manager 179

Modern Restaurant Management

JANUARY 20, 2022

Restaurants can then adjust their food purchasing decisions accordingly, reducing their spending amounts as well as their contribution to food waste. Integrated Inventory and Purchasing. This kind of predictive technology can be used by restaurants in so many ways: to manage inventory, staffing, menu pricing, and more.

Inventory 208

Inventory Purchasing Chef Point of Sale 208

Modern Restaurant Management

JUNE 23, 2022

Technology has permeated the quick serve restaurant industry and job functions – from point of sale (POS) to complying with food safety standards. Temperature logs are automatically captured and sent to management dashboard reports for 24/7 monitoring. Fast forward to 2022. And many have risen to the occasion.

Food Safety 189

Food Safety Point of Sale Staffing Inventory 189

Lavu

DECEMBER 6, 2019

There are a lot of technical terms and acronyms used in the restaurant industry and it’s hard to remember what they all mean. Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. POS stands for point of sale. Digital inventory tracking.

Inventory 78

Inventory Point of Sale Restaurant Manager Restaurant Management 78

Modern Restaurant Management

JULY 8, 2020

.” Rejection is always expected when new ideas are shared, but when we looked around the restaurant we saw most guests on their phones– taking pictures of their food, splitting checks through Venmo, sharing on social media. Now, amidst the COVID-19 pandemic technology is once again disrupt the restaurant industry.

Hospitality 208

Hospitality Hospitality Point of Sale Inventory 208

Total Food Service

SEPTEMBER 12, 2023

However, they are all essential for managing profitability in single or multi-unit operations, especially when inventory costs are rising, new fees are being charged by technology providers, rent is more expensive, and workers are demanding higher wages.

Kitchen Display System 40

Kitchen Display System Inventory Inventory Management Recipes 40

Lithos POS

MARCH 4, 2024

One of the crucial aspects of restaurant management is employee management. In businesses like restaurants, employees can significantly impact results and growth, as the business relies on them. So with a proper management system, you can make your employees productive.

Point of Sale 40

Point of Sale Inventory Chef Restaurant Manager 40

Modern Restaurant Management

SEPTEMBER 14, 2022

Now that kind of technology isn’t accessible to everyone, but restaurants can always use AI to target their menu's digital marketing. Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs.

Staffing 211

Staffing Customer Experience Inventory Food and Beverage 211

Lithos POS

JUNE 7, 2023

POS (Point of Sale) systems date back to the early 1970s when the first electronic cash registers were introduced. The POS system has made so many changes in the restaurant and retail industry. It allows you to manage your inventory, payment, customers, employees, and other sales business operations.

Inventory Management 40

Inventory Management Inventory Point of Sale Purchasing 40

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

Inventory 194

Inventory Point of Sale Staffing 194

Modern Restaurant Management

AUGUST 27, 2024

Operating a restaurant is not easy. By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. However, neglecting these obligations can not only put your restaurant in jeopardy, but expose you to personal liability for certain unpaid taxes.

Food and Beverage 188

Food and Beverage Food and Beverage Point of Sale Purchasing 188

Modern Restaurant Management

JULY 5, 2023

The quick service restaurant (QSR) industry is currently experiencing a trend of commoditization, with low barriers to entry and a standardized set of features offered by most restaurants.

Hospitality 179

Hospitality Hospitality Customer Experience Online Ordering Systems 179

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 78

Inventory Staffing Purchasing Point of Sale 78

Modern Restaurant Management

MAY 8, 2024

What can restaurant operators learn from these results? Modern Restaurant Management (MRM) magazine asked Molly Burke, senior restaurant analyst at Software Advice, to elaborate on the findings and offer practical advice on automation investments. What should restaurant operators take away from these results?

Automated Food Prep 193

Automated Food Prep Customer Service Customer Service Food Preparation 193

Modern Restaurant Management

APRIL 26, 2024

This kind of customization is possible thanks to advanced point-of-sale systems designed with diner needs in mind. This insight lets restaurants tailor their menus to what customers truly want, keeping things fresh and aligned with changing tastes.

Point of Sale 100

Point of Sale Inventory Management Kitchen Management Kitchen Manager 100

Modern Restaurant Management

JUNE 27, 2023

Introducing automated digital processes for functions such as timesheets, inventory and guest receipts can quickly improve efficiency, enhance accuracy, cut costs and prevent revenue leakage. As well, automation reduces errors and improves accuracy. Staying in control of your prime costs starts with consistent and routine monitoring.

Inventory 110

Inventory Food and Beverage Food and Beverage Point of Sale 110

Lavu

MARCH 2, 2020

Help in determining your best-selling items and forecasting sales. Help in identifying the most or least profitable locations, for better inventory and staff management. Restaurant analytics software takes restaurant data, visualizes it, and presents it for easy analysis. Accurately estimate future cash flows.

Inventory 78

Inventory Restaurant Manager Restaurant Management Point of Sale 78

Lithos POS

NOVEMBER 29, 2023

Point-of-Sale (POS) System for order fulfillment The point of sale system(POS) is the necessary technology to use in every restaurant. You can manage your inventory, customers, payments, accounting, employees, and more. Inventory management POS allows you to automate your inventory operations.

Inventory 45

Inventory Customer Experience Point of Sale Kitchen Display System 45

Modern Restaurant Management

JANUARY 13, 2022

Electronic point-of-sale (EPOS) terminals that send new checks straight through to the kitchen. You can track the food or drink journey from ordering to delivery on a management screen. Tablets to manage restaurant bookings for maitre d' or front-of-house staff.

Inventory Management Software 218

Inventory Management Software Customer Service Customer Service Point of Sale 218