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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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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JAMIX

DECEMBER 7, 2023

In the midst of this controlled chaos, traditional methods of managing purchase orders can quickly become a bottleneck.

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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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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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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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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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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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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. About 17 percent of food is wasted at the consumer level, and yet many restaurants don’t even know how much of their inventory is going to landfill each month. It’s the cost of waste.

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Modern Restaurant Management

OCTOBER 2, 2023

Operators need to have a precise understanding of what they purchase, what they sell, and any variance between those amounts, so that they can identify where waste can be controlled. Keeping a better eye on the inventory and using the most ripe perishables first is the first step in minimizing food waste.

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Optimum Control

MAY 27, 2021

When you’re unable to open your doors to the public, whether that be due to private events, or renovations, you may be asking yourself “what do I do with all of my inventory?” If you look at your restaurant’s inventory management software, how much of your inventory is simply sitting there unused and going bad?

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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. One of the most frustrating experiences for shoppers is waiting in line for too long.

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Modern Restaurant Management

MAY 10, 2022

Why should you and your staff spend hours counting inventory, auditing invoices, and combing through contracts? And don’t even get me started on the purchasing data your restaurant is producing all day every day. It can take hours to manually figure out things like recipe costs, ingredient prices and inventory counts.

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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.

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Lavu

NOVEMBER 17, 2023

This approach helps increase sales of high-margin items, reduce waste and inventory costs, and ultimately improve profit margins. Manage Inventory and Food Waste Inventory management is crucial for optimizing restaurant profit margins. There are various methods to enhance inventory management for maximizing profit margins: 1.

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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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Hobart

AUGUST 7, 2023

Between purchasing and inventory, menu planning, food prep and meal service, it can be taxing for kitchen staff to keep up with daily tasks. In independent restaurants, time is at a premium. Regular and thorough cleaning, however, is non-negotiable — including food prep equipment.

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Modern Restaurant Management

NOVEMBER 30, 2023

Streamlining Inventory and Menu Studies show that restaurants waste an average of four percent to 10 percent of all the inventory they purchase. Here's how restaurateurs can maximize the benefits of their POS data.

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Lithos POS

JUNE 3, 2024

Here are some SOPs commonly used in the food business Food Preperation Food Safety and Hygiene Customer Service Cleaning and Maintenance Opening and Closing Procedures Employee Training and Management Inventory Management Financial Transactions Emergency Procedures Implementing this guideline will help ensure quality across various business areas.

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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. How to Use Key Metrics for Proper Inventory. Mastering how to forecast your inventory is just the first step, you almost must control it.

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Modern Restaurant Management

JANUARY 14, 2021

Due to higher demand for off-premises dining, suppliers of disposable products have reported supply chain issues and have even run out of inventory –resulting in increased costs and price fluctuations. This can be reflected in the quality of to-go packaging you purchase. Secure Inventory and PPE. Hello, money maker!

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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.

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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.

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Modern Restaurant Management

JUNE 14, 2022

One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. There are all kinds of different types of restaurant theft, ranging from food and inventory, theft at the register and checkout counter, external grease theft, time theft and employee product theft.

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Modern Restaurant Management

FEBRUARY 11, 2022

Make Inventory a Best Practice, Not an Afterthought. It’s one thing to know you should be doing daily inventory on your top 10 items and a full weekly inventory, and it’s another thing entirely to actually do it. Better inventory ensures each location can order more accurately for their needs.

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Bill Marler

SEPTEMBER 5, 2023

Retailers and distributors should immediately pull the recalled lot from their inventory and shelves. Nine sick people reported purchasing the ground beef from ShopRite locations in Connecticut, New Jersey, and New York. Seven of these people specifically reported purchasing 80% lean ground beef products.

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Lithos POS

AUGUST 20, 2024

Get and update sales reports and inventory information online and ensure all important business information is available when needed. Monitor inventory utilization and identify trends to optimize inventory levels, reduce waste, and make informed purchasing decisions. View all locations from a single dashboard.

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Modern Restaurant Management

AUGUST 6, 2020

Optimize Inventory. This is also a time to experiment with ways to preserve ingredients through techniques like pickling, smoking or canning to extend the shelf life of the inventory, as well as testing out new trends in fermentation. Let’s say you operate a burger shop with beginning inventory valued at $5,000.

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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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Modern Restaurant Management

NOVEMBER 28, 2023

Participate in Group Purchasing Organizations While strong relationships with vendors can help potentially lower supply prices, participating in group purchasing organizations (GPOs) can assist in fulfilling gaps in supply. Restaurants can rely on GPOs for backup as well to obtain any necessary inventory they are short on or missing.

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Lithos POS

OCTOBER 1, 2024

Whether reducing customer wait times, minimizing errors, or managing inventory, a well-functioning point-of-sale (POS) system plays a key role in smooth operations. Inadequate Inventory Management In the restaurant industry, effective inventory managemen t is critical to maintaining profitability.

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Modern Restaurant Management

OCTOBER 25, 2024

Leaders in the sector have noted not just the potential to attract customers who are increasingly making purchasing decisions based on their environmental ethics. Managing Inventory The first area of focus for any waste elimination strategy is your restaurant’s approach to ingredients.

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Modern Restaurant Management

MARCH 4, 2021

A more limited menu, even if it changes time-to-time, for the short term, could make the purchasing process more manageable for a restaurant and increase their ability to fulfill the necessary, more limited products required. to better determine supply requirements and purchasing frequency. Understanding Consumer Demand.

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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.

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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.

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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.

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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.

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