What are the Benefits of Inventory Management Software
Hotelogix
JANUARY 10, 2023
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what-are-the-benefits-of-inventory-management-software 
A Concise Guide to Hotel Inventory Management
InnQuest
SEPTEMBER 5, 2023
At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? Let’s get started!
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Top 4 Benefits of Seasonal Pricing for Hotels
InnQuest
AUGUST 8, 2023
In this blog, we have curated the top 4 benefits of seasonal pricing for hotels. In this blog, we have curated the top 4 benefits of seasonal pricing for hotels. Firstly, What is Seasonal Pricing? Improved Inventory Management: Implementing seasonal pricing allows hotels to manage their inventory more efficiently.
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Benefits of Yield Management in the Hotel Industry
InnQuest
APRIL 5, 2023
Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.
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Consumers Welcome Some Restaurant Automation, Reject Others
Modern Restaurant Management
MAY 8, 2024
Operators must weigh guest acceptance while making strategic decisions about integrating automation at many restaurant touch points, according to Software Advice’s 2024 Automated Customer Experience Survey. What can restaurant operators learn from these results? What should restaurant operators take away from these results?
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How to Improve Efficiency in Hotels? Reduce Operating Cost
Hotelogix
MAY 16, 2024
It's about exceeding them while efficiently managing your operations. Streamline operations with a cloud-based hotel property management system (PMS) Upgrading to a cloud-based Hotel PMS can significantly improve hotel operational efficiency. Top 5 Tips on How to Improve Efficiency in Hotels 1.
Managing a large hotel? You need cloud-based hotel management software.
Hotelogix
FEBRUARY 13, 2024
This exploration delves into the intricate operational requirements of large hotels, the pitfalls of wrong management practices - either manually or via outdated on-premises solutions, and how a cloud-based hotel management software or a hotel property management system (Hotel PMS) acts as a savior, ensuring a seamless performance across the board.
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Low on Direct Bookings? Here are five tips to boost bookings all year long
InnQuest
JANUARY 23, 2023
But first, what are direct bookings? What are the benefits of direct bookings for a hotel? In the past few decades, the rise of third-party online travel agencies has reflected a gradual decline in direct bookings. Customers nowadays trust big names like Expedia, Booking.com, or Hotels.com more than an actual hotel website.
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Inventory Management Software: Definition, Benefits, and What to Look For
Synergy Suite
MAY 16, 2023
Your inventory holds the key to your profitability: how much it costs you, how much is wasted, and how much you need to create those dishes in the first place. 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.
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A Guide to the Role of a Restaurant Manager: Duties, Daily Routine, and Essential Skills
7 Shifts
JANUARY 31, 2024
Managing a restaurant is a delicate routine—if we can even call it a routine. Managers are responsible for nearly every aspect of the restaurant and have to cover a variety of duties. In addition to their main duties, restaurant managers also have to contend with all the unwritten or hidden responsibilities that fall on them.
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Surprising Ways that Tech Can Help Evolve Your Restaurant
7 Shifts
FEBRUARY 5, 2021
After that, the most popular back-office technologies were accounting software (52%, up from 31% in 2018) and payroll software (50%, up from 28% in 2018), according to a study from Toast. The restaurant tech industry is a growing one, with software and services designed to streamline almost every aspect of your business.
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Best Practices to Prevent Theft in Your Restaurant
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.
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Mastering Overbooking in Hotels: Strategies, Benefits, and Best Practices
Hotelogix
NOVEMBER 13, 2023
Although it is a common practice in hotel management, it has been a matter of debate particularly because of the complications it brings during peak hours. To combat this, hotel revenue managers devise an overbooking strategy that aims at profit maximization What is overbooking in a hotel ?
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Reporting Best Practices in the Restaurant Industry
Modern Restaurant Management
MAY 31, 2022
Restaurant owners or managers would rather spend time on other meaningful tasks, such as recruiting and hiring, training chefs, or updating daily specials on the menu. Restaurant owners or managers would rather spend time on other meaningful tasks, such as recruiting and hiring, training chefs, or updating daily specials on the menu.
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10 Top Restaurant Technologies To Evolve Your Business
7 Shifts
SEPTEMBER 20, 2021
After that, the most popular back-office technologies were accounting software (52%, up from 31% in 2018) and payroll software (50%, up from 28% in 2018), according to a study from Toast. The restaurant tech industry is a growing one, with software and services designed to streamline almost every aspect of your business.
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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping
7 Shifts
MAY 1, 2024
Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?
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Cost Cutting Ideas for Restaurants: Increase Restaurant Efficiency & Reduce Costs With These New Technologies
7 Shifts
AUGUST 20, 2020
They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors?
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Restaurant Accounting Software: Gain Insight Into Your Financial Operations
Synergy Suite
JUNE 6, 2023
A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.
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The New Normal: How Technology Can Help Streamline Restaurant Operations
Modern Restaurant Management
OCTOBER 7, 2021
Innovation is needed in several areas, including: Staff management. Staff Management. Technology also helps bridge communication between restaurant management and staff. Having a retail management tool with a mobile application, for instance, reduces the need for wait staff to move around when communicating with each other.
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Optimization, Visibility, and Convenience: How Restech Is Driving Restaurant Recovery
Modern Restaurant Management
APRIL 19, 2021
These new additions to the tech stack will help restaurants optimize operations to maintain better margins, get visibility into performance across the brand, and make work easier for managers and other employees to help fight burnout. Here is what brands are turning to as they look toward recovery and beyond.
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Back of House, Yet Front-Facing Priority – Restaurant BOH Trends to Monitor in 2023
Modern Restaurant Management
MARCH 1, 2023
Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, even if your customers are unaware of what’s going on behind the scenes, any operational inefficiencies will eventually surface – with potentially dire consequences for your business. Two primary methods are involved.
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How to Manage Multiple Restaurants and Locations
7 Shifts
SEPTEMBER 16, 2021
Managing multiple restaurant locations is a good challenge to have. But to be clear, multi-location restaurant management is challenging. It requires a manager to differentiate concepts, ensure a consistent guest experience, and manage employees and technology across multiple storefronts. Table of Contents.
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5 Reasons to Use Revenue Management Solution and Why it is Important for your Hotel
STAAH
APRIL 2, 2024
Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? How Do They Work? How Do They Work?
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Crafting Allergy-Friendly Dining Experiences Using Payment Tech
Modern Restaurant Management
APRIL 26, 2024
Customers now want to see what’s in their food and have the option to adjust meals to fit their dietary needs. Restaurants can meet this expectation with modern POS systems that show detailed menu information, including what allergens dishes may contain. When customers pay and note their dietary needs, the kitchen gets an alert.
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Hotel property management systems
Les Roches
JULY 21, 2023
Known as hotel property management systems or hotel PMS , this software enables hotel management to use digital platforms to streamline operations such as bookings, guest check-ins and housekeeping coordination, while enhancing guest experiences. What is a hotel property management system (PMS)? Improved accuracy.
Offline POS Software for Small Business
Lithos POS
OCTOBER 27, 2023
In the fast-paced world of business, maintaining flexibility and efficiency is essential, and choosing an appropriate point-of-sale (POS) software is essential. It helps businesses to simplify and manage their business seamlessly. Yes, there is a lot of offline POS software available. What Is Offline Mode in POS?
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Restaurant Payroll and HR Software: Make it Easy on Yourself
Synergy Suite
JULY 11, 2023
From ensuring that payroll is processed correctly and on-time, that all employee files are in order, and that new employees are onboarded and trained properly on an ongoing basis, the HR team has a lot to manage. The only logical solution is to have the right restaurant payroll and HR software solutions in place.
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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency
Synergy Suite
DECEMBER 14, 2023
Running a restaurant is a complex and demanding endeavor, and one of the key challenges that restaurant owners face is managing inventory efficiently. Efficient inventory management is crucial for the smooth operation of your restaurant and directly impacts your bottom line. What is Inventory Turnover Ratio?
Automation in the Hotel and Motel World
InnQuest
SEPTEMBER 13, 2022
With the use of automated hotel management system , you can streamline your processes, improve operational efficiency, enhance personalisation, improve guest satisfaction, and improve employee satisfaction. What is Hotel Automation? Examples of automated hotel management system and motels include: Chatbots. Rate management.
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Restaurant POS system, the one-stop solution for restaurants
Lithos POS
SEPTEMBER 27, 2023
A restaurant’s point of sale system consists of hardware and software specific to the restaurant industry. This system manages an entire sales transaction and includes credit card processing, printing receipts, and additional capabilities that facilitate seamless operations in a dining establishment.
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MRM EXCLUSIVE: Fast Food Has Become a Hi-Tech Job
Modern Restaurant Management
JUNE 23, 2022
Portable Computin g – Tablets, cell phones and wearable computers make it possible for staff to access software applications as they move about the store. Portable Computin g – Tablets, cell phones and wearable computers make it possible for staff to access software applications as they move about the store.
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A Guide to the Role of a Restaurant Manager: Duties, Daily Routine, and Essential Skills
7 Shifts
JANUARY 31, 2024
Managing a restaurant is a delicate routine—if we can even call it a routine. Managers are responsible for nearly every aspect of the restaurant and have to cover a variety of duties. In addition to their main duties, restaurant managers also have to contend with all the unwritten or hidden responsibilities that fall on them.
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The Impact of AI on the Hospitality Industry
InnQuest
JUNE 8, 2023
Another key benefit of chatbot AI in the hospitality industry is instant responses. Are you curious about the latest trends and impact of AI in the hospitality industry? Here’s everything you need to know and more. Gone are those days when a friendly concierge staff was the peak of personalized service.
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Is Your Hotel Revenue Management Strategy Working?
Revenue Hub
MAY 24, 2023
Hotel revenue management is a complicated process with a simple goal: to maximize revenue. NB: This is an article from WebRezPro It’s about analyzing demand and honing what you offer to sell the right product to the right customer at the right time, on the right channel, for the right price to grow profit. And it’s well worth it.
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Frequently asked questions about POS
Lithos POS
JUNE 7, 2023
You can manage various business operations together and simplify all areas of your business. What is a POS system? POS system is a combination of hardware and software that can be used to simplify and keep efficient your business. What are the key components of a POS system? Software: Software is an essential part of POS.
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5 Features of a Lawn and Garden Center POS System
NCC USA
APRIL 26, 2023
But the challenges of business ownership can be as challenging as the benefits are rewarding. And finally, you are jumping back and forth between too many software systems that don’t talk to each other, and valuable data is getting lost that is costing you way too much money.
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Food Safety Management System: Benefits and Options
Synergy Suite
MAY 9, 2023
Managing every location’s training and food safety procedures can be a daunting task, which is where a quality food safety management system becomes an absolute necessity. What is a Food Safety Management System? Food safety is a constant consideration in any restaurant business.
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Food truck POS: The one-stop solution for all type of food trucks
Lithos POS
JULY 19, 2023
An essential benefit of the food truck industry is its flexibility in terms of location. Managing the business will be challenging. You may not be able to efficiently maintain all business functions like inventory management, payment transactions, and customer and employee management. What is a food truck POS?
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Understanding Inventory Variance: Why It’s Important for Restaurants
Synergy Suite
DECEMBER 21, 2023
For restaurants, where precise inventory management is essential for controlling costs and ensuring a seamless supply chain, understanding inventory variance is a critical aspect that can significantly influence the financial health and operational efficiency of an establishment. What Is Inventory Variance?
What is a Restaurant POS System? POS Definition, Types, and Benefits
Synergy Suite
FEBRUARY 7, 2023
What is a Restaurant POS System? A Point of Sale (POS) system is a critical component of a restaurant’s operations, serving as the central hub for processing transactions, managing orders, and facilitating various business functions. It can be a dedicated terminal, tablet, or even a smartphone.
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Restaurant Automation
Lithos POS
MARCH 27, 2023
In this blog, we are going to discuss What is restaurant automation? Benefits of restaurant automation Restaurant automation tools Let’s discuss one by one What is restaurant automation? Let’s learn more about the benefits of implementing automation in business. Technology getting more advanced day by day.
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Hotel channel manager comparison: Chart to compare
SiteMinder
OCTOBER 23, 2023
Why is hotel channel manager comparison important? A hotel channel manager comparison is crucial to ensure that you are investing in the best piece of software for your business. One of the most important pieces of technology for your hotel is a channel manager so it’s vital you get the best value for money.
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All-in-One Restaurant Management System: How the Pieces Fit
Synergy Suite
JUNE 27, 2023
An all-in-one restaurant management system encompasses various components that work together to streamline and optimize different aspects of restaurant operations. In this article, we dive into the different aspects of a quality restaurant management system, and discuss how each piece helps to serve the others.
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Multi-Channel POS Systems: Definition and Benefits
Synergy Suite
FEBRUARY 28, 2023
Multi-channel POS systems for restaurants are designed to streamline operations across various sales channels, providing a unified platform for managing orders, payments, and inventory. These systems integrate with the restaurant’s POS system, ensuring seamless order management and inventory control.
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