This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
” Leveraging your data gives you the ability to analyze your operation’s purchase history and can be used to easily present disparities across different distributors or OPCOs. ” or, “Am I getting the best prices on the ingredients I am using?”
Marginal costreductions are meaningful, but for restaurants that are trigger-shy when it comes to bigger, more comprehensive solutions, there has to be a multi-faceted approach. Vehicles, drivers, fuel costs, insurance, payment methods, dedicated prep staff, packaging, storage, tracking, and communication all present challenges.
Automation and robotics are going to become increasingly present in restaurants. These sophisticated systems will also increase the cost to operate over short term, however in long tail will benefit with process optimization and costreduction. How AI Will Change the Restaurants Operational Processes.
Our guest blog today is presented by FreshAir. Unlike traditional smoke detectors that indiscriminately indicate any particles, FreshAir’s novel and patented sensors bind only with specific molecules that are present when someone is actively smoking tobacco or marijuana.
“The rapid ascension of automation and other emerging technologies presents an opportunity to address this disruption while still helping ensure the travel experience remains front-and-center. Nearly half of leading tech adopters among airport (57%) and hotel (43%) leaders expect automation to decrease labor costs.
Since my early years, I have developed my leadership and management skills across many roles in various operations, each presenting its own set of distinctive hurdles and intricacies! Now, however, we find ourselves in the midst of another formidable hurdle – the cost of living crisis.
The majority of customers report spending up to $5 on extra items presented during digital ordering. And for those yet to roll out digital ordering programs, there is no better time than the present to meet your customers where they are,” adds Faily. Online and Mobile Ordering Offers Needed Convenience.
Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs. Implementing strategies to manage these expenses can lead to cost savings.
CostReduction Measures: Continuously look for opportunities to reduce costs without compromising quality or service. We offer restaurant analytics software that captures and presents your data in an easy-to-understand dashboard.
Study competitors and industry leaders to identify best practices in labor cost management. CostReduction Initiatives It becomes necessary to strategically evaluate cost structures when a restaurant’s labor cost percentage surpasses industry benchmarks. Implement similar strategies where applicable.
CostReduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs. Lower inventory turnover ratio often results in higher holding costs as your capital is tied up in inventory that isn’t being sold quickly.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content