Hospitality Magazine

FEBRUARY 21, 2024

Create unique and high-caliber content Food content is big business on social media and it’s time to take a multifaceted approach to posting. Establish your digital presence This one goes without saying and the following platforms are essential: a website, Google business profile, and social media accounts.

Marketing 246

Marketing Accounting POS Systems Demo 246

Lithos POS

FEBRUARY 16, 2023

It’s proven that a dynamic point-of-sale platform has become essential for running a successful business. Whether it is a retail store or restaurant, it automates POS terminals and billing counters with integrated flexible payment options , streamlined inventory management , and integrated customer loyalty programs. Consider the cost.

POS Systems 40

POS Systems Accounting Book Blog 40

The Restaurant Times

OCTOBER 13, 2021

To remove all these hassles, we have come up with five ways you can boost your loyalty program with a tablet POS system in your restaurant. 5 Ways How A Tablet POS System Can Boost Restaurant Loyalty Programme . Here is how a tablet POS system can boost your loyalty program and how your restaurant can benefit from it. .

POS Systems 52

POS Systems Information Server Customer Service 52

Lithos POS

JUNE 15, 2023

Without relying on technology it is hard to manage a multi-location business. Innovative systems like Point of Sale can help you minimize the efforts you need to pay to run your businesses and offer higher output. By integrating each of your multi-business operations together you can automate various business operations.

POS Systems 40

POS Systems Pricing Scheduling Accounting 40

Modern Restaurant Management

APRIL 10, 2024

Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. When prices for staple ingredients like chicken rose dramatically in 2023, restaurant operators were forced to increase their prices. Full-service menu prices climbed 4.5 Data from the U.S.

POS Systems 196

POS Systems Back Office Operations Pricing Budgeting 196

Lithos POS

MARCH 16, 2023

LithosPOS gift shop POS system provides improved efficiency and speed in transactions, it minimizes errors and speeds up the checkout process. Furthermore, the system can track customer data, which can be used to retarget your customers by sending personalized discounts and offers. Benefits of Gift Shop POS system of LithosPOS.

POS Systems 40

POS Systems Accounting Pricing Blog 40

Modern Restaurant Management

MAY 31, 2022

For example, basic point of sale (POS) systems or integrated restaurant management systems are useful digital tools that enable data reporting. Reporting is an essential part of business operations because it helps visualize the restaurant's financial health. Six Reporting Best Practices Restaurants Should Use.

POS Systems 196

POS Systems Download Reservations Training 196

Modern Restaurant Management

OCTOBER 13, 2022

Rising inflation has impacted businesses for the better part of the year, leading many to modify their menus and increase prices in the face of higher ingredient costs. A point-of-sale (POS) system can streamline the ordering and preparation processes, making it easier to improve service even during peak service.

POS Systems 180

POS Systems Download Pricing Budgeting 180

Modern Restaurant Management

JULY 28, 2022

Customer data is only one segment of the information you need for good sales insights, marketing information, and business analytics. Behavioral information is data you’ve gleaned from customer interactions with your business. Any time a customer interacts with your business, data is created. POS System.

POS Systems 208

POS Systems Information Accounting Reservations 208

InnQuest

SEPTEMBER 12, 2023

This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Hotels need to integrate and utilize various software systems like property management system s (PMS), point-of-sale (POS) systems, customer relationship management (CRM) tools, and online booking platforms.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

NCC USA

MARCH 31, 2023

Your point of sale system (POS) is a vital piece of equipment for your business. But in addition to being a vital part of your checkout process, your POS system is a data center that, when utilized to generate POS reports, can be the most powerful resource for making business decisions.

POS Systems 52

POS Systems Information Accounting Blog 52

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. Therefore, restaurants must keep the menu at the heart of all restaurant operations and business plans.

Pricing 52

Pricing Reservations POS Systems Marketing 52

Modern Restaurant Management

AUGUST 16, 2023

With integrated point-of-sale (POS) systems, the entire dining process is streamlined, from when customers order to when they pay for their meals. These systems help every aspect of the dining experience — including the kitchen, waitstaff and payment process — run smoothly and efficiently.

POS Systems 167

POS Systems Customer Service Back of House Catering 167

NCC USA

JUNE 28, 2023

A point of sale (POS) system is an essential tool for businesses of all sizes. In this blog, we will walk you through the key features of a POS terminal and how to use it to streamline and grow your business. One of the critical features of a point of sale system is the ability to manage products and inventory.

POS Systems 52

POS Systems Information Blog Pricing 52

The Restaurant Times

NOVEMBER 8, 2021

You need to carefully price your restaurant menu to make it to the top and earn as much as possible. While it’s understandable that you want to make a profit, being overly aggressive with your menu pricing can drive the customer away. It is about the right balance when applying your pricing strategies. .

Pricing 59

Pricing POS Systems Menu Planning Marketing 59

Synergy Suite

APRIL 12, 2024

Profit margin is a key financial metric that indicates the percentage of your revenue that is pure profit (since most revenue goes to cover business expenses). The more revenue your restaurant makes beyond your expenses, the more profitable your business. What is profit margin and how does it impact restaurants?

Pricing 52

Pricing Training Reservations Scheduling 52

Modern Restaurant Management

JUNE 24, 2020

Restaurants are slowly reopening to an entirely new set of business circumstances including a laundry list of state mandates, a wary public, and an economic hangover. … How can their existing point-of-sale (POS) system and related technologies help to provide a safe environment with secure payments?

POS Systems 212

POS Systems Information Pricing 212

Lithos POS

FEBRUARY 6, 2023

A dynamic customer experience strategy plays a crucial role in driving growth in the restaurant business. A positive customer experience is critical to the restaurant business. Here are several ways in which customer experience improves restaurant business growth. and this can lead to long-term growth for the business.

POS Systems 40

POS Systems Customer Service Server Blog 40

The Restaurant Times

JANUARY 26, 2023

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. POS solutions are essential for enhancing convenience for dine-in and online customers and delivering a customer-centric experience as the restaurant industry continues to grow. Read along!

POS Systems 59

POS Systems Server Scheduling Pricing 59

Modern Restaurant Management

SEPTEMBER 14, 2021

Across the country, prices for food are reaching all-time highs as inflation picks up and COVID-19 restrictions loosen, driving more consumers to resume dining, shopping and traveling. producer prices for processed poultry in May hit a record high. producer prices for processed poultry in May hit a record high.

Pricing 188

Pricing POS Systems Scheduling Presentation 188

The Restaurant Times

SEPTEMBER 16, 2021

Hence, it is crucial to remain organized in fast-paced businesses like restaurants, especially during the busiest of times. Restaurant point of sale (POS) software is one of the smartest investments you can make in 2021 if you own a restaurant. Employees are the backbone of food and beverage businesses. Inventory Management .

POS Systems 52

POS Systems Server Budgeting Customer Service 52

The Restaurant Times

NOVEMBER 6, 2020

With an abundance of restaurant data monitoring systems, operators are now collecting and analyzing performance-related data from multiple sources to have a better understanding of their business. Financial data shows whether your restaurant business is thriving and affects every other aspect of your restaurant. Financial Data.

POS Systems 64

POS Systems Information Reservations Presentation 64

Lithos POS

JUNE 7, 2023

POS (Point of Sale) systems date back to the early 1970s when the first electronic cash registers were introduced. The POS system has made so many changes in the restaurant and retail industry. In the early 2000s, the Internet became widely used, and this led to the popularity of cloud-based POS systems.

POS Systems 40

POS Systems Blog Accounting Vendor Management 40

Modern Restaurant Management

JANUARY 13, 2020

Specifically, restaurant operators will want to look at data insights from their POS system, customer transactions, and payroll to identify 2020 goals. Pricing events for happy hours and special occasions. Other areas that are easy to automate with the right software solutions include: Online ordering with POS integration.

POS Systems 189

POS Systems Scheduling Pricing Blog 189

Modern Restaurant Management

FEBRUARY 3, 2022

Inventory and Menu Management : Though 47 percent of operators say that all or most of their suppliers increased prices during the pandemic, two-thirds of restaurants maintained or increased their menu offerings. In most cases, new menu offerings involved adding takeout and delivery options.

POS Systems 194

POS Systems Reservations Pricing Download 194

Modern Restaurant Management

OCTOBER 26, 2022

In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. Credit card acceptance is an essential part of doing business today as more consumers move toward cashless forms of payment. business owners an added $1.2 According to a PYMNTS survey of 3,250 U.S.

POS Systems 179

POS Systems Accounting Reservations Pricing 179

The Restaurant Times

DECEMBER 5, 2020

Given the current scenario, you must always adapt to keep your business afloat. As the price of raw materials fluctuates throughout the year, it’s important to analyze your food costs regularly. At the time of deciding the menu prices, the price of certain ingredients might have been less. When Food Costs Change.

POS Systems 96

POS Systems Pricing Procurement Marketing 96

The Restaurant Times

JULY 28, 2020

However, despite the significant advantages, some contributing factors can ruin the cloud kitchen business and lead to failure. The success or failure of any ghost kitchen business depends on how efficiently operational procedures are followed by the restaurant staff. Ineffective Menu pricing and planning . Lack of Consistency.

POS Systems 85

POS Systems Pricing Kitchen Operations Blog 85

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

Pricing 215

Pricing Catering Training Marketing 215

Synergy Suite

FEBRUARY 21, 2023

Selecting the right point of sale (POS) system is a crucial decision for restaurant owners and operators. The ideal POS system should align with the unique requirements of your restaurant business, ensuring seamless operations, enhanced customer experiences, and efficient management.

POS Systems 52

POS Systems Training Budgeting Reservations 52

Modern Restaurant Management

JANUARY 31, 2024

Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. But what we’ve found is that operators have been leaning on menu price hikes to cover their expenses for more than two years now, and they’ve finally reached the limits of what consumers are willing to pay.

Multi-Unit Operations 203

Multi-Unit Operations Bookkeeping POS Systems Pricing 203

Modern Restaurant Management

JUNE 21, 2023

When introducing new menu items to a menu category, they must be priced at the average profit from that menu category + the recipe cost of goods sold (COGS), and then rounded off to the next half dollar. Round up to the next half dollar and the menu price should be set at $12.50 to ensure you haven’t compromised profitability.

Maintenance 180

Maintenance POS Systems Pricing Presentation 180

Synergy Suite

DECEMBER 19, 2023

For a full picture of your restaurant business, make sure to consider all revenue sources when calculating total sales. Example Calculation Let’s walk through another example to reinforce the concept: Suppose your restaurant had total sales of $7,500 during a busy Saturday brunch service (10:00 AM to 2:00 PM).

POS Systems 52

POS Systems Scheduling Training Pricing 52

Synergy Suite

APRIL 24, 2023

Because of this, an online ordering system has become absolutely essential to keeping a restaurant business alive and thriving. In this article, we’ll go into the ins and outs of online ordering systems: what they are, how to choose one, and examples of the best online ordering systems on the market today.

POS Systems 52

POS Systems Information Maintenance Pricing 52

Synergy Suite

MAY 16, 2023

The bread and butter of running a successful restaurant business lies not in the delicious dishes you serve every day, but in your fridge. Because of this, a quality inventory management software is absolutely critical to the success of your food service business, especially as it grows across multiple locations.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Modern Restaurant Management

APRIL 27, 2023

AI certainly has the potential to change so many things in society, but what will accelerate change is how technology and models like the ones developed by OpenAI will be applied to solving real business problems across industries. The restaurant industry is no exception. Finally, SMB restaurants are a passionate group.

POS Systems 88

POS Systems Training Pricing Marketing 88

The Restaurant Times

JUNE 6, 2023

By optimizing inventory management, restaurant software empowers businesses to minimize waste, prevent overstocking, and maintain adequate supplies. Gone are the days when restaurant owners had to rely on disparate systems from different vendors, wondering if they would integrate seamlessly or meet their evolving needs.

Vendor Management 52

Vendor Management POS Systems Information Pricing 52