Modern Restaurant Management

MAY 10, 2022

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. These days, restaurants are on the search for solutions to minimize costs and provide efficiency throughout their operation. Leverage Purchasing Data.

Inventory 197

Inventory Purchasing Recipes Restaurant Management 197

Modern Restaurant Management

OCTOBER 2, 2023

Some waste is unavoidable in every restaurant: a steak is overcooked, a serving tray is dropped, a few onions rot at the bottom of the box. 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.

Inventory 186

Inventory Restaurant Management Restaurant Manager Recipes 186

Modern Restaurant Management

SEPTEMBER 28, 2020

For this reason, it is crucial to take the time as a restaurant manager or owner to build and implement comprehensive training programs. Establishing training protocols, which focus on individual employees’ roles in your restaurant, helps to create awareness of their direct responsibilities.

Inventory 221

Inventory Kitchen Equipment Inventory Management Food Service 221

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. The restaurant industry has been evolving consistently over the years. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Among the technology offered today is restaurant management software.

Restaurant Management 78

Restaurant Management Restaurant Manager Inventory Inventory Management 78

Modern Restaurant Management

AUGUST 6, 2020

We’ve found that restaurants that offer family-style meals find more success since people are at home with their children, looking to save time and support local businesses. Optimize Inventory. Let’s say you operate a burger shop with beginning inventory valued at $5,000. CoGS for the period is $2000.

Inventory 212

Inventory Purchasing Customer Experience Chef 212

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

JANUARY 10, 2022

After adopting better delivery and takeout technology in 2020, restaurants are now turning their tech budgets toward bringing in back of house. Restaurant employees are used to managing their lives on their phones and have increasingly been managing their work on their phones, as well.

Inventory 208

Inventory Recipes Restaurant Management Restaurant Manager 208

Modern Restaurant Management

NOVEMBER 7, 2024

A large chunk of that comes down to complex problems in global food supply chain management that most restaurants have little control over. What restaurants can do, however, is re-think how their direct food supply is managed – from transport to inventory control. It’s the cost of waste.

Food Supply 177

Food Supply Inventory Inventory Management Purchasing 177

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.

Inventory Management 203

Inventory Management Point of Sale Inventory Purchasing 203

Modern Restaurant Management

JUNE 15, 2021

When the pandemic hit, many restaurants focused on expenses. Inventory stock changed significantly. Just prior to the pandemic, off-premises orders accounted for 60 percent of restaurant engagements, according to a National Restaurant Association report. Menus were trimmed to a fraction of original size.

Inventory 203

Inventory Inventory Management Food and Beverage Food and Beverage 203

Modern Restaurant Management

NOVEMBER 11, 2021

To do so, restaurants need to be mindful of these key elements of successful supply chain management. In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Expanding restaurant service models and transaction channels requires focus and attention on daily business metrics.

Inventory 218

Inventory Food and Beverage Food and Beverage Inventory Management 218

Modern Restaurant Management

MARCH 2, 2022

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Restaurant menu prices continue upward as the U.S. Technomic also reported that 45 percent of consumers say they usually pick restaurants with lower prices.

Food and Beverage 195

Food and Beverage Food and Beverage Recipes Inventory 195

Modern Restaurant Management

FEBRUARY 27, 2023

Use creativity to market a restaurant on a limited budget. 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.

Inventory 189

Inventory Food and Beverage Food and Beverage Purchasing 189

Modern Restaurant Management

MARCH 21, 2022

It is a particularly challenging time, to be sure, and the ever-shifting landscape demands agility of restaurant operators who must adapt to the changes in order to maintain their margins. 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.

Inventory 203

Inventory Recipes Inventory Management Purchasing 203

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 208

Chef Inventory K-12 Purchasing 208

Modern Restaurant Management

APRIL 14, 2020

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Q: What can I do to help my restaurants and community battle the effects of COVID-19? Plan to sell your existing inventory before you add more. Prepare to welcome them back.

Inventory 187

Inventory Recipes Purchasing Restaurant Management 187

Modern Restaurant Management

FEBRUARY 11, 2022

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. And restaurant tech can help cut waste in other ways.

Inventory 185

Inventory Staffing Recipes Purchasing 185

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. What is RFID and how is it being used in restaurants?

Inventory Management 128

Inventory Management Inventory Food Safety Restaurant Management 128

Modern Restaurant Management

MAY 20, 2020

Other emergency orders have relaxed restrictions on purchases of alcohol inventory on credit or consignment, which may prove crucial to smaller restaurants.

Food and Beverage 203

Food and Beverage Food and Beverage Inventory Purchasing 203

Modern Restaurant Management

OCTOBER 26, 2022

consumers, 33 percent of these consumers used a credit card for their most recent restaurant food purchase. Partnering with a payment processing company that delivers services designed to inject efficiency into operations is another way restaurants can reduce their costs. According to a PYMNTS survey of 3,250 U.S.

Point of Sale 179

Point of Sale Inventory Management Purchasing Inventory 179

Modern Restaurant Management

JULY 13, 2021

For example, if you have separate software vendors for inventory, labor and scheduling, purchasing, and other operational tasks, you may be able to bring everything together into a single back-of-house platform. 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

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 212

Customer Experience Purchasing Inventory 212

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

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

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. What is Restaurant Inventory Management?

Inventory Management 59

Inventory Management Inventory Inventory Management Software Commercial Kitchen 59

Modern Restaurant Management

AUGUST 12, 2020

With more than 23,000 closures since March, restaurants are one of the industries hardest hit by COVID-19, according to the Yelp Local Economic Impact Report. To help offset all of this, some restaurants have implemented COVID-19 surcharges, either by raising menu prices or adding a fee to the total bill.

Purchasing 208

Purchasing Inventory Restaurant Management Restaurant Manager 208

Modern Restaurant Management

DECEMBER 11, 2024

" That's what Jason Cortellesso, Partner & Creative Director at Sport & Leisure , told Modern Restaurant Management (MRM) magazine when discussing the merch program at his latest estabilshment in East Greenwich, Rhode Island that is seeing people to line up before they open on drop days to get their hands on the items.

Inventory Management 167

Inventory Management Inventory Restaurant Management Restaurant Manager 167

Modern Restaurant Management

MARCH 1, 2023

Same goes for office space, break room, and other management areas; if your BOH infrastructure isn’t up to speed, there is an inevitable “domino effect” that will negatively impact business. They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Purchasing 171

Purchasing Inventory Management Chef Food Storage 171

Modern Restaurant Management

JANUARY 11, 2024

Management takes on multiple jobs throughout the restaurant including hiring, marketing, maintaining the budget, operations and keeping customers and staff happy. When working in a restaurant, management must utilize a variety of skills to run a successful business. Have a focus for your restaurant and stick with it.

Restaurant Management 166

Restaurant Management Restaurant Manager Inventory Management Purchasing 166

Modern Restaurant Management

APRIL 21, 2022

There were a couple restaurant management software companies out there, but it was just inventory and budgets. It seemed like the POSs were trying to do a lot of what restaurant management software companies are doing today, all encompassing into the point-of-sale. It wasn't all that great, to be honest.

Point of Sale 197

Point of Sale Inventory Restaurant Management Restaurant Manager 197

Modern Restaurant Management

MARCH 4, 2021

To combat these challenges, restaurants may want to consider limiting their menu offerings to those that have been most popular amongst their patrons, are likely to be most profitable given pricing increases on certain ingredients due to supply shortages. to better determine supply requirements and purchasing frequency.

Inventory 131

Inventory Food and Beverage Food and Beverage Purchasing 131

Modern Restaurant Management

OCTOBER 27, 2021

Some 53 percent of adults say that purchasing takeout or delivery is an essential part of the way they live , and 68 percent say they’re more likely to use a third-party delivery service now than they were before the pandemic. Restaurants will need to offer high-quality dining experiences to build a loyal customer base.

Staffing 208

Staffing Purchasing Inventory 208

Modern Restaurant Management

MARCH 7, 2022

By following the first in, first out (FIFO) methodology of food inventory management, you reduce waste and ensure that your food stays safe and tastes good. Equipment for Restaurant Kitchens: Considerations. If you decide to purchase restaurant equipment, consider these factors: Ownership costs (TCO).

Commercial Kitchen 189

Commercial Kitchen Kitchen Equipment Inventory Inventory Management 189

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 197

Customer Experience Purchasing Inventory 197

Modern Restaurant Management

APRIL 22, 2020

Additionally, the Napa, California-based company launched a unique exchange program and purchasing inventory from wineries to help support the loss of sales to distributors due to restaurant and tasting room closures. Modern Restaurant Management (MRM) magazine spoke with Benchmark CEO David Parker their efforts.

Purchasing 164

Purchasing Inventory Restaurant Management Restaurant Manager 164

Modern Restaurant Management

APRIL 11, 2024

Leveraging technologies such as robotic food preparation and AI-powered inventory management systems can streamline processes and optimize resource utilization. Operationally, restaurants can conduct audits to identify inefficiencies, monitor waste, and implement reduction plans.

Customer Experience 189

Customer Experience Recipes Inventory Inventory Management 189

Lavu

NOVEMBER 30, 2024

POS integrations simplify restaurant operations by automating tasks, reducing errors, and improving customer service. They connect tools like inventory tracking, payroll, and online ordering into one system, allowing real-time data access for smarter decisions. This gives your team the chance to adapt and helps pinpoint issues early.

Kitchen Display System 78

Kitchen Display System Inventory Staffing Customer Experience 78