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Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Having an accurate handle on inventory enables a business to become more resilient and know what they can sell and when they can sell it, helping mitigate out-of-stock scenarios. At one point, inventory management was a meticulous, lengthy and manual process for the Independent Purchasing Cooperative (IPC), an independent member-own
The 9 to 5 workday is common in many industries—but not in restaurants. The hospitality industry calls for early mornings and late nights, which means a normal scheduling approach doesn't exactly fit in a restaurant. If your restaurant is open 24/7 or needs workers outside its normal hours of service, your business might benefit from a swing shift schedule , which ensures you have the right amount of coverage at the right times.
Dina Ávila/Eater. Served with lemony whipped cream, it’s bright, easy, and perfect for spring In my opinion, olive oil cake is a dessert that’s surprisingly tricky to get just right. The poster child of bowl-and-whisk cakes is an easy one to whip up, but my Google search history ( “can cake be too moist?” “olive oil cake too oily!!!” ) reveals how things don’t always turn out as well as expected.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
On May 6, 2022, a panel of three judges in the Court of Appeals for the Ninth Circuit considered a challenge to California’s ban on foie gras. The law has been heavily litigated for nine years, including three sets of appeals. The panel ruled 2-1 that the foie gras ban was not preempted by federal law and did not violate the dormant Commerce Clause.
Episode Summary. As editor at Food News Media , Danny Klein has a 30,000-foot view of everything that's going on in our industry. So from curbside pickup to QR codes, to the labor shortage to loyalty, Danny has a ton of thoughts to share. It's an episode that's just packed with breakdowns, some hot takes, and knowledge bombs that you can take back to your teams.
McCormick. I didn’t think Goldfish could get any better, then I tried the new Old Bay version Goldfish are, objectively, a perfect food. Tiny little cheesy crackers shaped like adorable fish? What’s not to love? When I was a nanny in my early 20s, I ate handfuls of the crackers pilfered from my charges and developed a deep nostalgic love for the snack that sustained me while I took care of other people’s kids.
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McCormick. I didn’t think Goldfish could get any better, then I tried the new Old Bay version Goldfish are, objectively, a perfect food. Tiny little cheesy crackers shaped like adorable fish? What’s not to love? When I was a nanny in my early 20s, I ate handfuls of the crackers pilfered from my charges and developed a deep nostalgic love for the snack that sustained me while I took care of other people’s kids.
Is the popularity of veganism slowing? According to a new report from the team at Chef’s Pencil , the answer could be yes, but there is a bright spot for restaurants. The team utilized a variety of data sets including Google search trends, Google Adwords and sales information for the research. Vegan-related searches have actuall increased over the past couple of years in the United States.
Campiri says it will use the funding to enter new markets, add to its team and to purchase vehicles to sell to others that want to rent on the platform.
The menu at Ticonderoga Club in Atlanta | Sasso & Co. From Danny Meyer’s skyscraper restaurant Manhatta to dive bars in Brooklyn, these hand-drawn menu designs are bringing a new level of fun and creativity to the dining experience Menu design isn’t something that typically claims a lot of space in diners’ minds, so long as the information on them is presented clearly and they’re taken away quickly to be replaced by the meals they describe.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
These days it's hard to imagine any hotel without a customer relationship management (CRM) solution. This must-have software can help your property with everything from strengthening customer relationships , creating high-converting marketing campaigns , and accessing key metrics (and more!) in one place. But while we so often like to highlight the advantages of them.
This edition of MRM's "Ask the Expert” features advice from Buyers Edge Platform. 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.
Shutterstock; McDonald’s. The planets have nothing to do with your fries, but McDonald’s and Del Taco are offering deals tied to Mercury retrograde anyway Since humans could contemplate their existence, they have looked to the stars for guidance. We have assigned meaning to planets and stars and celestial movements, grasping for answers. Am I alone in this universe?
Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.
A Hotel Loyalty Program Software does so much more than helping you create captivating loyalty programs. In this ultimate guide, we'll go deep into each component of these systems. By the end of it, you'll have a grasp of everything you need to know about these systems - from the types of software, key functionalities to integrations and beyond. The Beginner’s Guide to Hotel Loyalty Program Software [2022 Edition] What We Will Cover: An Introduction to Hotel Loyalty Program Software.
What’s the saying? You can’t get blood from a turnip? Today’s restaurant guests are certainly an example. There’s only so much wiggle room in their discretionary incomes and it’s showing up in decreasing basket size and check. Based on our most recent QSR sales and traffic data , we can tell from decreases in traffic and basket size that we’re at an inflationary tipping point.
Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
Room service at your hotel can be one of the trickiest parts of the business to get right. It’s something guests expect to have on offer, and they can get easily disappointed if the experience doesn’t meet their expectations. Room service is also not always easy to convert into a profitable exercise for your property, as there can be high operating costs and expenses involved.
The outlook is improving for many restaurants as COVID-19 restrictions loosen and guests make their way back to their favorite establishments. But the lingering effects of the pandemic continue to make this a challenging time for our industry as ongoing staffing issues and supply chain disruptions, in many cases, lead to reduced menus and shorter hours of operation.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Hay aproximadamente 15.000.000 de restaurantes, pubs y cafeterías en el mundo, y si agregas los hoteles de pequeña escala no organizados, los números podrían cruzar incluso tu imaginación. Entonces, siendo otro restaurante en esta enorme galaxia de la hospitalidad, ¿cómo se diferencia de tus competidores? La respuesta está en la marca y el marketing de los restaurantes.
The Paycheck Protection Program (PPP) program offered a lifeline for many businesses at the onset of the pandemic. In this video, the National Restaurant Association’s VP of Public Policy Aaron Frazier explains why restaurants need to find out if they are eligible for PPP loan forgiveness now. To learn more about loan forgiveness from the Small Business Administration (SBA) portal, click here.
Dina Ávila/Eater. There’s a reason generations of cooks have turned to the recipe since it was published in the 1961 “Mastering the Art of French Cooking” Coq au vin is a traditional French dish, but Julia Child put her own memorable stamp on it with her 1960s cooking show, The French Chef. Child and her storied foray into television were most recently portrayed on the HBO Max series Julia , which HBO just announced will return for a second season next year.
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
Creating a website where travellers can reach you directly is a great step in generating extra revenue for your hotel. However, to really be successful in meeting today’s guest expectations you need to pay particular attention to optimising every element of your website. Users expect simple yet comprehensive, elegant, and intuitive websites that enable them to find the information they’re looking for.
Cooking oil prices are skyrocketing. Here's how to make your oil last longer without serving soggy frie. As the demand for petroleum alternatives like biofuel intensifies, so does demand for the ingredients that make this fuel – most notably, the price of used cooking oil. If you are a restaurant owner or manager, you may have noticed the price of frying oil skyrocketing over the last year.
Shutterstock. Caveat: It takes a little effort and a lot of oil Like making your own French fries ( or sandwich bread ), making a blooming onion at home is one of those things that, for most people, is prooobably more effort than it’s worth, especially when Old Reliable, the blooming onion from Outback, generally runs about $9 to $11. But maybe you’re not most people; you’re undeterred by a vat of hot oil and satisfied by the prospect of doing things your damn self.
Dive into the transformative potential of business automation within the hospitality sector. This comprehensive overview showcases how innovative technologies can streamline operations, reduce costs, and elevate guest satisfaction. Discover the advantages of integrating systems like automated check-ins, CRM, and energy management to not only save on expenses but also to provide a seamless and personalized guest experience.
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