Modern Restaurant Management

JANUARY 18, 2022

We all know that being a restaurant manager is tough. When we think of a restaurant manager, we think of common traits such as a high-energy, service-oriented individual with strong people skills who can stay calm under immense pressure. How to Set-Up Restaurant Accounting Cycles.

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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.

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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

AUGUST 29, 2022

Restaurant management and operations personnel are always on the search for proactive ways to increase operational efficiency and reduce waste while complying with local regulations. Today, the sophistication of IoT technology available to the restaurant sector is at an all-time high.

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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.

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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.

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Inventory Restaurant Management Restaurant Manager Recipes 466

Modern Restaurant Management

APRIL 7, 2025

Implementing the right high-impact digital tools is one way that chain restaurants can increase efficiencies, reallocate resources, and save money. The operational trifecta of inventory management, financial oversight, and labor scheduling represents a major drain on resources for most chain restaurants.

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Modern Restaurant Management

JANUARY 29, 2025

Restaurants, food manufacturers, and consumers are all feeling the strain: Restaurants and Food Manufacturers : Higher egg costs force businesses to adjust menu pricing, seek alternative ingredients, or absorb financial losses. Retailers : Grocery stores have responded by imposing purchase limits on eggs to manage supply.

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Modern Restaurant Management

DECEMBER 23, 2024

Advances in AI and customer relationship management (CRM) tools allow businesses to analyze customer behavior, predict preferences, and craft hyper-personalized dining and drinking experiences. For instance, smart inventory systems can help reduce waste, while energy-efficient appliances cut operational costs and carbon footprints.

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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.

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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.

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Modern Restaurant Management

APRIL 2, 2025

This means understanding and optimizing existing systems and inventory to avoid unnecessary complexity. Increasing the number of supply partners or product options adds complexity to logistics, inventory management, and compliance. This process involves a few key components: 1.

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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

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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Inventory Management Point of Sale Inventory Purchasing 508

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.

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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.

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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.

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Inventory Food and Beverage Food and Beverage Purchasing 474

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.

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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.

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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.

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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.

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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.

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

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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.

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Food and Beverage Food and Beverage Inventory Purchasing 508

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.

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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?

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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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Inventory Customer Experience Staffing Purchasing 506

Modern Restaurant Management

AUGUST 22, 2024

"People tend to go to fast-food restaurants for the speed and lower price point. " In addition to searching for a value proposition, guests are concerned with food safety and sustainability, making it even more of a challenge for restaurants, but technology and vendor relationships can help operators. "For

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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.

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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.

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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.

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Point of Sale Inventory Restaurant Manager Restaurant Management 493

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.

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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).

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Commercial Kitchen Kitchen Equipment Inventory Inventory Management 473

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.

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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.

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Modern Restaurant Management

MAY 6, 2020

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. A : As states and counties look to reopen across the US, one area restaurant operators are looking toward is their supply chain.

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Modern Restaurant Management

JULY 14, 2022

I’m asking myself “If I was a restaurant owner, what would I want someone to tell me?” ” I can sit here all day and talk about using the right ingredients or cutting back on unnecessary purchases. Think of all the hours you spend counting inventory, placing orders, and managing your accounts payable.

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