Modern Restaurant Management

OCTOBER 28, 2021

Taking inventory is one of the most tedious processes in restaurant operations. Chefs spend countless hours counting inventory, purchasing new ingredients, and tracking down more cost-effective substitutions for products that are either cancelled or out of stock. Recipe Costing. Prevent Shortages. ” Reduce Waste.

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Inventory Management Inventory Recipes Chef 208

Sculpture Hospitality

FEBRUARY 16, 2023

Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving. Throw into the mix rising wages, skyrocketing food prices, staffing shortages, inflation and a difficult economy and the hospitality industry is no doubt set for a difficult year.

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Inventory Management Staffing Food Prices Inventory 125

Modern Restaurant Management

MARCH 21, 2024

This means lower interest rates for businesses financing inventory and investing in expansion. However, a tight labor market and stubbornly high food prices will continue to weigh on restaurant margins in 2024. While we do expect 2024 to present challenges, we are optimistic about the overall economy and the role of U.S.

Food Service 180

Food Service Food Service Food Prices Inventory 180

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. Some of the most valuable insights for restaurants are found in general operations data, customer data and website data.

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Inventory Management Food Prices Inventory Customer Experience 197

Chef's Deal

DECEMBER 21, 2023

You can use AI to automate and manage your inventory or energy spending. This foodservice trend also helps you manage your inventory with the integration of AI. AI-driven inventory systems can predict the demand, optimize your supply chains, and reduce your carbon footprint by reducing food wastage.

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Inventory Customer Experience Kitchen Equipment Food Prices 59

Modern Restaurant Management

FEBRUARY 5, 2024

Nearly all restaurateurs (98 percent) believe AI will solve some of their staffing challenges, particularly around food prep and delivery management (42 percent), voice ordering technology (41 percent), predictive ordering and inventory management (39 percent), and food prep robots (38 percent). percent in 2023.

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Food and Beverage Food and Beverage Purchasing Staffing 196

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. Sellers would make money from foods that they would otherwise throw out, while buyers would get good deals.

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Inventory Food and Beverage Food and Beverage Food Prices 128