Lithos POS

DECEMBER 19, 2023

Imagine your restaurant as a complex business where each part, from the kitchen staff to the front-of-house team, plays a crucial role in creating a premium dining experience. Now, think of fast food restaurant management as skilled and efficient ensuring that each element works seamlessly together to produce a better dining experience.

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Restaurant Management Restaurant Manager Customer Experience Kitchen Management 52

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 176

Inventory Restaurant Management Restaurant Manager Recipes 176

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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Inventory Restaurant Management Restaurant Manager Food and Beverage 208

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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Restaurant Management Restaurant Manager Food Safety Inventory 185

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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Inventory Purchasing Recipes Restaurant Management 193

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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Inventory Inventory Management Software Inventory Management Chef 52

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.

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Inventory Management Inventory Food and Beverage Food and Beverage 123

Modern Restaurant Management

JANUARY 5, 2024

Understanding current trends can help an overall approach to strategically aligning with projections for the future of the restaurant logistics and food distribution industries to stay ahead of the competition. Businesses in the restaurant industry heavily rely on customer loyalty to maintain steady cash flow.

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Restaurant Management Restaurant Manager Staffing Inventory 114

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 186

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 195

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.

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Inventory Management Restaurant Management Restaurant Manager Purchasing 163

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.

Staffing 116

Staffing Inventory Customer Experience Purchasing 116

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 184

Customer Experience Recipes Inventory Inventory Management 184

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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Inventory Management Point of Sale Purchasing Inventory 175

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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Inventory Purchasing Chef Point of Sale 204

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.

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Inventory Recipes Restaurant Management Restaurant Manager 204

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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Kitchen Equipment Inventory Inventory Management Purchasing 219

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 199

Inventory Management Point of Sale Inventory Purchasing 199

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.

Inventory 106

Inventory Purchasing 106

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 186

Food and Beverage Food and Beverage Recipes Inventory 186

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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Inventory Staffing Recipes Purchasing 173

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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Purchasing Inventory Management Chef Food Storage 155

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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Inventory Recipes Inventory Management Purchasing 199

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 209

Inventory Purchasing Customer Experience Chef 209

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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Inventory Inventory Management Staffing Food and Beverage 199

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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Inventory Food and Beverage Food and Beverage Inventory Management 214

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 203

Chef Inventory K-12 Purchasing 203

Modern Restaurant Management

SEPTEMBER 7, 2023

The Initial Purchase/Capital Costs The most you’ll spend on your ice machine at one time will be the purchase price, which ranges from $5,000-$10,000 for the most popular models. Most business owners believe that the purchase price represents 80% of ice machine ownership costs. And let’s not forget the utility bills.

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Equipment Maintenance Purchasing Customer Service Customer Service 186

Modern Restaurant Management

SEPTEMBER 19, 2023

Restaurants and retailers can also use AI to accurately predict demand for any given food item. This enables businesses to avoid buying too much inventory. Furthermore, restaurants and hotels are using AI to keep tabs on which foods are thrown out and then make portion size and menu recommendations to reduce waste.

Inventory 125

Inventory Food and Beverage Food and Beverage Food Prices 125

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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Inventory Recipes Purchasing Restaurant Management 179

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 112

Inventory Food and Beverage Food and Beverage Purchasing 112

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 193

Inventory Point of Sale Purchasing 193

Modern Restaurant Management

AUGUST 23, 2023

Restaurant loyalty programs are nothing new so what can restaurants do to stand out from the competition and better engage with guests to build relationships? Many are trying out subscription models to see if they can benefit restaurants and guests.

Online Ordering Systems 167

Online Ordering Systems Customer Experience Staffing Inventory 167

Modern Restaurant Management

SEPTEMBER 11, 2023

By understanding customer sentiments and identifying areas of improvement, restaurants can make data-driven decisions to enhance their offerings, service quality, and overall customer experience. As technology advances, AI will play an even larger role in transforming the restaurant industry.

Staffing 211

Staffing Food and Beverage Food and Beverage Inventory 211

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 Management Restaurant Manager 193

Modern Restaurant Management

MARCH 14, 2024

By leveraging predictive analytics, AI provides planners with deep insights into guest preferences, optimizes inventory management, and significantly cuts waste. This precision in forecasting addresses one of the industry's major challenges—excess inventory and waste—head-on.

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Inventory Inventory Management Purchasing Hospitality 183

Lithos POS

JUNE 7, 2023

It allows you to manage your inventory, payment, customers, employees, and other sales business operations. When a customer makes a purchase the salesperson enters or scans the item to the POS. The system processes the payment and updates the inventory, deducting the sold items from the available stock.

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Inventory Management Inventory Point of Sale Purchasing 40