...served quickly, with little to no room for error. Pay attention to menu costing and pricing Calculating food costs can seem complicated at first, but
...real time how pricing changes from your vendors is impacting your profitability and can make adjustments to your specials, menu items or pricing to ensure
...have the most recent vendor pricing in your system. Automating accurate pricing through a full integration with your vendor invoicing ensures your team doesn’t waste
...ensure you have all the data surrounding it. This includes vendor pricing and item details, inventory data, and sales data. Ideally, all data should be
...ongoing food inflation, increased menu pricing, and labor and wage struggles with evolving service models and customer preferences. Dynamic, right? Restaurant technology continues to play
...effectively become one of your most crucial sales tools. When done properly, your menu goes far beyond highlighting your cuisine, specials and pricing. It communicates
...manage pricing strategies to maintain profitability without compromising on quality. Meanwhile, labor costs have increased significant in the post-pandemic era, becoming the primary (i.e. highest)
...from snowballing into larger problems. Received by Purchased Item: Monitoring vendor pricing through receiving reports is vital for identifying pricing errors, ensuring compliance with contracted
...day approaches, seize this opportunity with a well-crafted, profit-driving restaurant holiday menu. But this time, think outside the box with menu engineering, smart pricing, and
...on fast casual restaurants to adjust pricing and sourcing strategies. See how key menu staples are being affected. This article first appeared in Fast Casual.
...recipe costing down to the ounce. Monitor portion sizes religiously. Adopt just-in-time inventory practices to reduce spoilage without compromising availability. Work with suppliers to lock
...efficiency, and menu item prices. In addition to a more efficient pricing model, recipe costing can also help point out which dishes should be pushed,
...fixed prices for others. With centralized pricing management in place, Acme saw a 3%–5% reduction in food costs across all locations. According to the Director
...to streamline its bar and liquor program, improving profitability through smarter pricing and inventory management. The software’s reporting tools enabled leadership to make informed business
...other suppliers. An advanced, restaurant-specific inventory management system can identify pricing errors. While your supplier relationships are important, you also have to consider your profit
...spot pricing errors and stay ahead of any pricing trends. If prices have risen with a specific supplier, you or your store-level managers can always
...can provide crucial data for ordering decisions (as opposed to relying on “manager’s gut” for par levels). Track Invoices for Pricing Errors You probably have
...robust inventory tracking system can help identify discrepancies and prevent over-ordering or spoilage. Additionally, partnering with reliable suppliers to secure bulk discounts or favorable pricing
...receiving reports check vendor pricing, flagging items outside of a contracted price or large jumps in cost. In addition, other tools can compare vendor contract
Your restaurant’s menu engineering strategy impacts your menu mix, pricing, and your overall profitability. Leveraging a mix of operational reporting tools that focus on menu
...you to easily adjust pricing, change menu items, or add and remove dishes across multiple locations. 7. Create Last-minute Specials to Move Perishable Products The
Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
