Restaurants Archives - Branch ES Catering https://www.branchescatering.com All about restaurant management, technology and best practices Tue, 05 Sep 2023 07:36:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.0 https://www.branchescatering.com/wp-content/uploads/Logo-icon-150x150.png Restaurants Archives - Branch ES Catering https://www.branchescatering.com 32 32 The Ultimate Guide to Indoor Pizza Ovens https://www.branchescatering.com/the-ultimate-guide-to-indoor-pizza-ovens/ Tue, 05 Sep 2023 07:36:53 +0000 https://www.branchescatering.com/?p=276 Pizza, with its delicious layers of bubbly cheese, flavorful sauce, and an assortment of toppings, is a universally adored delicacy. Traditionally, achieving that perfectly crisp …

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Pizza, with its delicious layers of bubbly cheese, flavorful sauce, and an assortment of toppings, is a universally adored delicacy.

Traditionally, achieving that perfectly crisp crust and melted topping required high temperatures only achievable in outdoor brick ovens. However, the evolution of indoor pizza ovens has brought the pizzeria experience to our kitchen countertops.

Types of Indoor Pizza Ovens

Each oven serves a unique purpose, and knowing the differences can make all the difference:

Electric countertop pizza ovens: Perfect for beginners and those short on space. They offer convenience but might lack the authentic smoky flavor.

Built-in indoor wood-fired pizza ovens: For the purist at heart. It’s all about recreating the authentic Neapolitan experience right at home.

Gas-powered indoor pizza ovens: A fusion of tradition and modernity. They promise quick heating without the hassle of wood.

Portable indoor pizza ovens: Ideal for those who enjoy mobile feasts, like a pizza night in the backyard or a picnic.

Benefits of Indoor Pizza Ovens

Indoor pizza ovens, which have gained popularity in both commercial and residential settings, offer numerous benefits:

Consistent Cooking Temperature: Traditional indoor pizza ovens, especially wood-fired and gas ovens, maintain a consistently high temperature, ensuring pizzas cook evenly and quickly.

Authentic Taste: A wood-fired indoor pizza oven imparts a distinct smokey flavor to the pizza, which is hard to replicate in conventional ovens.

Quick Cooking Time: With temperatures reaching up to 800°F (425°C) or higher, pizzas can cook in a matter of minutes, which is much faster than conventional ovens.

Versatility: While they’re known for baking pizzas, these ovens can also be used for roasting meats, baking bread, and other cooking endeavors, making them a versatile kitchen appliance.

Energy Efficiency: High temperatures mean quicker cooking times and, therefore, less overall energy consumption if you’re using the oven for short periods.

Ambiance: There’s something undeniably special about the ambiance a visible flame creates in a kitchen or dining space. It adds a cozy, warm atmosphere that enhances the dining experience.

Increased Home Value: For homeowners, installing a built-in indoor pizza oven can increase the value of the home. It’s seen as a luxury appliance, and potential buyers often view it as a unique selling point.

Durability: Many indoor pizza ovens are constructed with high-quality materials like brick or stone, which can endure high temperatures and have a long lifespan.

Healthier Cooking: High cooking temperatures allow for quick cooking, which can preserve the nutrients in the food better than prolonged cooking at lower temperatures.

Aesthetic Appeal: Indoor pizza ovens can be a centerpiece of a kitchen’s design, adding aesthetic value to their traditional or contemporary looks.

Saves Space: Countertop or built-in indoor pizza ovens can save space as compared to a full outdoor setup, making them ideal for spaces with limited outdoor areas.

Year-round Use: Unlike outdoor ovens, which can be affected by weather conditions, indoor ovens can be used throughout the year.

Safety: Indoor ovens are designed with safety in mind. Properly installed and maintained, they contain high heat efficiently, minimizing the risk of burns or fire hazards.

Professional Results: Many indoor pizza ovens are designed to replicate the results of professional pizza kitchens, allowing homeowners and chefs to produce restaurant-quality pizzas.

While there are undeniable benefits to owning an indoor pizza oven, it’s essential to consider installation requirements, ventilation, and maintenance. If those challenges can be addressed, an indoor pizza oven can be a delightful addition to any culinary space. Explore this Best indoor pizza oven buying guide and safety tips. 

Setting Up and Using Your Indoor Pizza Oven

Choosing the Right Spot:

  • Ensure adequate ventilation, especially if it’s wood-fired. This may mean installing a vent or chimney.
  • Select a location that’s heat-resistant. Stone, tile, or metal surfaces are ideal.
  • Make sure there’s enough space around the oven to work comfortably.
  1. Proper Installation:
  • It’s highly recommended to hire a professional, especially for built-in models, to ensure safety and efficiency.
  • For electric pizza ovens, ensure you have the right voltage and plug type.
  1. Ventilation:
  • It is crucial for wood-fired ranges to ensure the smoke is efficiently channeled out and fresh air can enter.
  • Install a hood or chimney above the stove. Ensure it meets local building codes.

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5 Tips to Find a Perfect Location For Your Restaurant https://www.branchescatering.com/5-tips-to-find-a-perfect-location-for-your-restaurant/ https://www.branchescatering.com/5-tips-to-find-a-perfect-location-for-your-restaurant/#respond Fri, 03 Feb 2023 11:52:26 +0000 https://www.branchescatering.com/?p=267 Many factors come into play regarding a restaurant’s success: food, services, design, etc. But why would you even bother working on those if customers are …

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Many factors come into play regarding a restaurant’s success: food, services, design, etc. But why would you even bother working on those if customers are struggling to get to the place? That is why the first thing to decide is where your establishment will be. And if you are struggling with this step, this guide is for you. Get ready to find five tips to help you to select the right location for your restaurants, so the customers’ flow will be ceaseless.

Know Your Target Customers

Like at the start of any successful business, you must define your prospects. How do you do that? Well, if you are planning to open a restaurant, defining your prospects may include the following:

  • Inspecting your food menu. For example, if your establishment serves fast food, your audience will probably be busy people in a hurry. While something like Italian cuisine is more disposed for customers who enjoy taking their time drinking wine and enjoying flavors;
  • Examining planned Interior and exterior. Specific designs attract particular groups of people. Thus, something presented in the modern style will catch the eyes of the youth, while baroque mosaic is for mature clients;
  • Considering planned working hours. You need to know when your establishment will be working, so you know when it will get the most customers.

Knowing all these elements, the picture of your restaurant location will get much less vogue. Let’s say you want to open a fast-food restaurant with a modern interior and 7 – 22 working hours. Knowing that it serves food quickly, a good idea will be to locate it near the bus/train/metro station, so busy people will have access to fast and cheap food. Also, it perfectly matches a modern interior/exterior, as young people who enjoy those styles often travel via public transport. And don’t forget about time which captures the busiest hours of a day, being a great addition to the whole picture.

Acknowledge Your Competitors

An essential rule of a successful business is knowing everything about your potential competitors. And so you should do this before opening your restaurant. As we live in the internet era, researching competitors is made much easier.

Just go into the global net, and find every single restaurant with prospects similar to yours. Further, you can make a map where you will mark each of your competitors, so you can see where you will face the least rivals and which fits your target. But don’t think opening your restaurant near competitors is always bad. If your establishment’s quality is better (prices, food, services, etc.), you can easily pull customers to yourself, leaving your opponents in a tough spot.

Acknowledge Your Allies

Real business sharks who run successful projects know that not every other business is your competitor: they can also be your allies. By allies, we mean an establishment that is complementary to yours.

If we proceed taking fast food as an example, a good complementary establishment to it will be coworking. The quickly served and cheap food will become their favorite way to get lunch around. Or let’s say you have a place that serves food right in the cars. So make sure those cars have a place to stay, facilitating parking nearby.

Make Sure Your Restaurant is Easy-to-Access

People are lazy creatures; they never want to bother looking for something for more than 5 minutes (unless it is something very special). And so you should always keep that in mind when choosing a location for your restaurant.

A perfect place to put your restaurant’s doorway is where your prospects pass. Extending an example of a fast food restaurant, the best option to place it would be next to the metro entrance, etc.

Consider Shopping Malls

Even though shopping malls must be inspected using previous tips, they can be a very convenient option for your business. It is because malls always have crazy traffic of hungry people. Predominantly, these people want a quick lunch, but there can be some exceptions. For example, if there is a view of the beautiful lake opening through the panoramic windows, it is a good place for an exquisite-food establishment.

But on the other hand, you must be ready to face strong competition when planning to settle your restaurant in malls. Still, if you do your planning and research correctly, the business will work.

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4 Effective Ways How to Keep Your Restaurant’s Customers Entertained https://www.branchescatering.com/4-effective-ways-how-to-keep-your-restaurants-customers-entertained/ https://www.branchescatering.com/4-effective-ways-how-to-keep-your-restaurants-customers-entertained/#respond Fri, 03 Feb 2023 11:01:20 +0000 https://www.branchescatering.com/?p=263 Delivering high-quality food and service are both important factors at any restaurant. But often, it is not enough. Remember that you need to keep clients …

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Delivering high-quality food and service are both important factors at any restaurant. But often, it is not enough. Remember that you need to keep clients satisfied in their seats while they wait for the dish. And there is no better way to do it than to provide some source of entertainment. 

Get ready to discover four of the best options for keeping your clients in the mood, so they will have no choice but to return to your establishment once again. 

Set a Wi-Fi Network

We live in a modern world where being online is more necessary than an option. And why wouldn’t you help your visitors with that? All you need is to purchase a Wi-Fi router and hire an internet provider so they can connect all the wires. Further network maintenance is extremely cheap, as all you need to do is pay for the provider’s services. But make sure that your router can cover the entire space of your restaurant; generally, the further it can spread the signal, the better. 

And since you got Wi-Fi, now your customers can easily find themselves an occupation online. For example, they can spin some profitable slots in the play for fun casino, having the chance to win funds, so they can add an extra dessert to their check. Or they can do something more casual, like reading the news or watching/listening to podcasts. In other words, they will never get bored since they have a gadget on hand.

Invite Live Musicians 

Still, not everyone who visits a restaurant wants to sit on their phone scrolling through the feed. On the contrary, many people are frustrated with how digitalized our lives have become. And so, you can offer them a more conservative way of entertaining – live musicians. 

Even though musicians are more expensive to hire, they create a much bigger impact on the establishment than a simple Wi-Fi router. They will become a passageway that leads your customers into the magical atmosphere. Speaking about the atmosphere, it is up to you to decide which music genre will be played. But if you struggle to select, just think about your target audience. Thus, if your restaurant offers traditional Italian food, consider hiring corresponding musicians: violin as a leading instrument will serve great for such purposes, but a band singing classic Italian songs will also be great.

Install Screens to Steam Anything

One of the most diverse solutions to fight boredom in your restaurant is to set the screens: they can be TV monitors or connected to the PC. Most importantly, they will allow you to stream anything to your customers, starting with sports events and finishing with music videos. You can even show your customers the gameplay of the innovative playfortunefor.fun/free-slots/king-kong-cash-slot with it, of course, if the establishment format allows (it will perfectly suit pubs).

You will have to decide the screen model drawing on your budget. And then, analyze the seats’ placement, so you can locate screens so everybody can see them.

Hire a Stand Up Comedy Show

Everybody likes a good sense of humor: it allows us to escape the routine and embrace the world of fun. And that definitely sounds like a thing you would want to have in your restaurant. But to set up the first comedy show, you must make some preparations:

  • Find a comic. There are comics of different types. Some of them have vast experience performing and charging a solid check. While the other ones are just starting and can be invited even for free. You can find such performers through a simple internet search, but if you want to dig for some hidden gems, look through the trending media influencers that specialize in comedy;
  • Get a stage. Even though building a stage is not essential (a performer can just stay in a certain area), it creates a feeling that you are watching a professional performance. But don’t think that it is expensive, it only takes a couple of carcass pieces you need to connect, and you will create a high ground, serving as a stage;
  • Obtain equipment. And finally, you must make sure that the comic will be heard and seen. To do that, you need to get a mic and place some speakers around the stage. And to create that atmosphere of a show, set a couple of light sources above the comic, and make lights all around the restaurant a little more tarnished.

If you like the idea of the comedy performance and it fits your restaurant format, make it a routine. This will help to create new ads for your business, and you can even charge additional fees for performances of famous comics.

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Financing Options to Consider for Your Restaurant Business https://www.branchescatering.com/financing-options-to-consider-for-your-restaurant-business/ https://www.branchescatering.com/financing-options-to-consider-for-your-restaurant-business/#respond Thu, 18 Aug 2022 11:36:22 +0000 https://www.branchescatering.com/?p=253 There are probably a few things more fascinating than owning your restaurant. It doesn’t matter if you’re a chef with world-class culinary skills you want …

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There are probably a few things more fascinating than owning your restaurant. It doesn’t matter if you’re a chef with world-class culinary skills you want to share with the world or a foodie that’s always dreamt of running your own place; owning a restaurant is a wonderful feeling.

However, despite the thrills that come with the business, it’s very expensive and frankly difficult to run. According to data from Sage, the average startup cost for a restaurant in 2021 is $275,000. This figure is for a restaurant that plans to run on a leased building. The costs rise to $425,000 if you plan to own the building and might also incur monthly costs ranging from $48,000 to $75,000.

Unfortunately, this figure might be too high to handle, and if you plan to fulfill your dream, you’ll have to look at the different restaurant financing options available. It’s also no secret that selecting the right financing can be hard and confusing. That’s why many entrepreneurs like you visit comparison sites like laina-finance.fi to analyze and compare several options before making a choice.

As a prospective restaurant owner looking for the right options to fund your dream, here are some of the best financing options to consider.

Traditional Bank Loan

There is an opportunity of borrowing a fixed amount of money from a national or regional bank. These loans usually come with specific time frames and interest rates.

While traditional bank loans are the surest route to receiving large amounts of money, the chances of your loan application being approved are very low. In fact, large banks have an approval rate of 14% for small businesses like restaurants, and medium & small banks are just under 20%.

In addition, traditional bank facilities usually come with a lengthy application process. According to research data from OnDeck, the average processing time for brick-and-mortar bank loans spans 14-60 days. Plus, they usually require collateral before approving your application.

Alternative Loans

Non-traditional bank loans are one of the fastest ways restaurateurs can secure funding for their business. These types of lenders include online consumer lenders like Sorter, more information about it can be found here — https://laina-finance.fi/sortter-laina. These firms have a faster application process, higher approval ratings, and decent interest rates.

Another major advantage of alternative loans is that they’re more lenient with startups. For example, most banks might not give you a loan if your restaurant has not been active for at least two years. But alternative financial institutions such as https://laina-finance.fi/bondora-laina usually don’t have such stringent requirements.

Merchant Cash Advance

This is a special type of loan where the lender pays a huge amount of money into the restaurant and gets repaid through the firm’s future sales.

MCAs are unlike traditional loans that require monthly payments. Payments are collected from the purchases in the restaurants. These deductions could be daily or weekly, depending on the provider. 

This kind of financing is perfect for restaurants needing immediate funds to tackle short-term or unexpected expenses. It can also be useful in restaurants suffering from cash-flow shortfalls.

Crowdfunding

Instead of receiving funds from a single lender, crowdfunding allows you to be funded by multiple individuals. Most crowdfunds are filled with everyday people and can be one of the best ways to market and fund your restaurant simultaneously.

The more you advertise the crowdfund, the more exposure your business gets. It’s also a perfect opportunity to get the community along and build a solid following. However, successfully marketing your crowdfund might require you to spend, and if you ever fall short of your target, you have to return everything you’ve raised to the investors and start from scratch.

Family and Friends

This option is last on our list because it’s not necessarily viable. Everybody feels some way about borrowing from family and friends, but it all depends on their wealth status and the relationship you share with them.

If you choose to borrow from family or friends, always be clear about every detail. This is business, and you should treat it as one. Be clear on the amount you need, how long it will take you to pay back, and if they require interest. It’s also advisable to get things in writing; agreements should be bounded by law.

Despite not being the most viable option, borrowing from family and friends has benefits. For starters, they mostly don’t come with interests and are usually flexible. However, these types of advances can ruin relationships and lead to several issues if things go south.

The Bottom Line

It’s no secret that 60% of restaurants fail within their first year, while 80% fail within the first five. However, one of the major causes of these unpleasant statistics is the lack of adequate funding.

That’s why restaurants must have access to adequate financing options. This will ensure they launch and grow successfully. Some of the best options include traditional bank loans, alternative loans, Merchant Cash Advances, crowdfunding, and loans from friends and family.

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How to Use Food Yield Percentage https://www.branchescatering.com/how-to-use-food-yield-percentage/ https://www.branchescatering.com/how-to-use-food-yield-percentage/#respond Thu, 16 Jun 2022 11:47:54 +0000 https://www.branchescatering.com/?p=77 Do you know how much of each ingredient in your inventory you need to actually make a dish? This is known as food yield, or …

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Do you know how much of each ingredient in your inventory you need to actually make a dish?

This is known as food yield, or yield percentage, and tells you how much of any ingredient is left after preparation and processing. This may include the parts of the vegetables left after peeling and coring or the usable meat after butchering. 

Understanding food yield is essential to understanding the overall food cost for your restaurant. It can also predict and reduce food waste, as you understand the expected and acceptable amount of waste from each ingredient, and can calculate inventory needs and par levels accordingly. 

Get Costs and Ordering Under Control by Calculating Food Yield

Knowing your percentage yield serves three important purposes for any restaurant owner or manager. With your percentage yield you can

  • Determine how much of each usable food ingredient you have after processing and production.
  • Calculate how much of a raw ingredient you need to purchase for each recipe.
  • Determine the actual cost-per-portion of ingredients for every dish on your menu.

Yield calculations can help you manage inventory by understanding and considering the losses and waste involved in preparation and cooking. Your food yield calculations give you an insight into how much raw material you need to order and have on hand to prepare a particular dish. 

Keep that information in mind when you order ingredients and set par levels. 

Keeping consistent numbers on your food yield percentage also helps you 

  • Plan and revise menus
  • Establish proper storage and rotation guidelines 
  • Manage vendors

Understanding your food cost percentage with yield management helps you to control food costs by reducing unnecessary waste, as well. Conducting a regular yield test for each item on the menu lets you compare your theoretical yield to your actual yield.

Using Yield to Calculate Food Costs

Calculating food cost percentage is essential for any restaurant manager or owner. It is the first step to understanding other important metrics such as COGS and profit. You can use your yield percentage to calculate food costs, as well.

How to Calculate Food Yield and Food Costs

First, let’s review exactly how to calculate food yield percentage for each ingredient in your storeroom.

Take the total weight of the raw ingredient. This is your as-purchased weight (AP weight). Then do any food production or preparation required, and weigh the discarded parts. This is your waste or trim weight. Finally, subtract the waste from the AP weight to get your yield or edible product (EP) weight:

AP weight – waste = EP weight

For example, you purchase 10 lbs of potatoes to make your fries (AP weight). After peeling and chopping, you discard 2 lbs (waste), leaving you with 8 lbs of fries ready to cook (EP weight). 

Your yield percentage converts this EP weight into a percentage: 

EP weight / AP weight x 100 = yield %

In this example, the yield percent is 8 / 10 x 100 = 80%

If a portion of fries is half a pound, this means that you actually get 16 portions of fries from your 10lb bag of potatoes, and not 20 portions. That difference is called the yield gap.

Once you know and understand your food yield percentage, you can also calculate your edible portion cost, or EP cost: The cost of each portion of food. In the example above, to calculate the cost of a portion of fries, you would take the cost of 10lbs of potatoes (let’s say $8.42), and divide it by the number of portions you can make from the prepared potatoes (16, so the potatoes cost 53 cents per portion). Using the portion cost of each ingredient in a dish, you can then calculate the total cost of the dish or recipe.

Yield Percentage vs. Waste Percentage

While your yield percentage can tell you the percent of a raw ingredient used in a dish, your waste percentage tells you the percent of raw ingredients and food that went to waste. That may include the portion disposed of during preparation, but could also include spoilage and mistakes. Both are important for understanding — and reducing –- your total restaurant food cost and COGS.

Costing Individual Items on a Plate

If you’re planning a new menu or revising your current one, costing individual items on a plate will help you understand what to charge, what to keep, and what to get rid of. Understanding the ideal food cost percentage for each menu item helps you to keep a close eye on inventory and waste, as well. 

When you understand the cost of each ingredient in a dish, you can calculate the food cost or plate cost, and from there you can use your ideal food cost percentage to manage recipe costing and set menu prices.

Food costing can help you manage your menu by comparing your ideal or theoretical food cost to your actual food cost to pinpoint and correct any potential issues, such as over-portioning, unnecessary wastage due to spoilage or theft, or higher-than-expected supplier costs.

Using Inventory Management Software to Track Food Yield and Yield Percentage

Restaurant inventory management software can help you track food waste and yield percentage accurately by controlling inventory. Track the cost and amount for every ingredient that comes in, quickly take accurate inventory counts, and connect with POS software to understand exactly how much of that inventory you are selling — and how much is going to waste.

Once you have conducted yield testing for all your recipes, you can factor that into your waste calculations. For example, if you know that yield for potatoes is 20%, the first 20% of waste is to be expected. You can even use yield testing to calculate your average yield across the restaurant.

Increase Yield and Decrease Waste With Inventory Management Software 

Your inventory management system helps you with inventory control. It can help you to increase yield by pinpointing which menu items have the highest yield percentage and the most usable product which can tell you the true cost of an item of inventory. By considering the waste and byproducts of food preparation, you might be able to reduce this wastage, either by exploring different production techniques (skin-on fries, for example) or by considering how you can use the byproducts of food (such as by using meat and vegetable scraps to make your own stock or to decrease waste by considering your portion sizes.

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Restaurant Inventory Best Practices: The Absolute Guide in 2022 https://www.branchescatering.com/restaurant-inventory-best-practices-the-absolute-guide-in-2022/ https://www.branchescatering.com/restaurant-inventory-best-practices-the-absolute-guide-in-2022/#respond Thu, 16 Jun 2022 11:07:57 +0000 https://www.branchescatering.com/?p=66 Nothing can wreak havoc with the success of a busy restaurant shift like a stock-out. Having to explain to customers that the dish they want …

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Nothing can wreak havoc with the success of a busy restaurant shift like a stock-out. Having to explain to customers that the dish they want is off the menu can be embarrassing and can cost you customers — not just today but in the future. 

Restaurant inventory management software and proper inventory control can help you monitor and track inventory levels and notify you when you’re running low on an ingredient, so you can re-stock. An inventory management system can help you to better budget and control restaurant inventory, as well, to avoid over-ordering and food waste. 

This article will show you why inventory management is so important to a restaurant’s bottom line, and introduce you to some restaurant inventory best practices.

The Importance of Restaurant Inventory Management

Of course, income is probably the most important metric you’re tracking right now. But hand-in-hand with income is the need to control restaurant costs with restaurant inventory management.

The importance of restaurant inventory management becomes evident when you understand how much food waste is costing your restaurant. A good inventory management system can help you

  • Manage stock through par levels and automated ordering to maintain food inventory
  • Maintain food cost by tracking the cost of supplies coming in and comparing that against goods sold
  • Monitor waste with inventory tracking to reduce the amount spent on food that is disposed of before it ever reaches the customer

Inventory Management Basics

The amount of inventory you need on hand depends on how busy you typically are, your storage space, and the number of deliveries you receive each week. As a rule, though, you should carry at least enough inventory to cover your sales plus a little extra to cover emergencies and waste. Typically, that means carrying around five to seven days of inventory.

Then, there’s your inventory turnover. How do you keep your stocktake moving to prevent food from spoiling or expiring before it’s used?

That is where inventory management PAR (Periodic Automatic Replenishment) levels come in handy. That is a minimum and maximum limit on the quantity of any item of inventory so that you don’t under or overstock.

Your inventory management software should allow you to set PAR levels for your stocktake. When an ingredient hits PAR level, you get an immediate notification to reorder. 

Managing Inventory for Efficiency and Cost Savings

There are a number of ways that effective inventory management practices can result in improved efficiency and cost savings. Properly tracking, recording, and managing inventory can have an impact on your COGS (cost of goods sold) and your net profit, for example. Here are some tips for better inventory management.

Lean Inventory Management

Lean inventory management is the practice of focused waste reduction by carefully balancing inventory levels to keep only enough stock on hand to meet demand — reducing waste. Lean inventory management can reduce waste by cutting the risk of carrying excess inventory, thereby cutting the risk of spoilage due to expired goods. Reducing the amount of inventory on hand at any time also cuts your carrying cost, as you will be carrying less inventory.

FIFO vs. LIFO

FIFO stands for first in, first out. It is the stock-rotation practice in which the oldest stock is used first, to reduce the risk of spoiled or expired stocktake. LIFO stands for last in, first out. In LIFO, the stock is rarely rotated, as the most recent stock to be added is also the first to be used. This can be helpful for tax purposes, because when LIFO is used when prices are rising, it can result in lower net income – and therefore lower taxes owed. LIFO can help reduce costs by minimizing the need to buy from a fluctuating market where food prices may rise.

FIFO is typically the best stock rotation method for restaurants and hospitality businesses managing inventory, especially when you are dealing with fresh food and produce that is likely to spoil. Organize your storage areas, fridges, and freezers so that new stock is placed at the back and older stock is moved to the front.

LIFO can be the better choice though for businesses selling ambient or long-dated goods, for example in a wine bar, particularly for aged wines.

Regular Inventory Checks

Taking regular inventory checks and counts lets you keep a close eye on stock levels. This is particularly important for items that spoil quickly, such as meat, dairy, fruits, and vegetables. Checking over your inventory daily can let you pinpoint potential issues, such as items reaching their use-by date, or goods about to go out of stock. Taking inventory on a set schedule also makes it easy to track and compare levels over time.

Take inventory when new deliveries arrive, as well. That allows you to count and rotate stock at the same time, and to check that everything ordered and paid for has arrived undamaged and unspoiled. Good supply chain management practices can reduce costs due to ordering and delivery mistakes.

POS Software

Your POS system gives you sales data that lets you automate inventory tracking based on customer orders. This is a good place to start your stock-take. Your average sales will give you an idea of what your inventory levels should be. Use current sales to anticipate orders and historic sales to forecast future stock.

Week-over-week, month-over-month, or year-over-year; no matter which metrics you look at, you can use past sales data to budget the amount of inventory you will need to keep up with demand, 

Finally, compare sales data to inventory cost to make sure you’re charging enough for your dishes and you’re getting the best price from your vendors.

Be wary of relying too heavily on your POS system for inventory figures, however. Sales aren’t the only way to deplete stock. Spoilage, shrinkage, human error and even theft can all cause discrepancies between your sales data and your actual stock on hand.

Recipe Software

Use recipe software to calculate how much inventory you need on hand to make each dish on your menu. This, combined with POS software, can help you to forecast how much inventory you will need to meet demand, so you don’t under-stock (and have to take items off the menu) or over-stock (and have to waste ingredients, or sell them for less with a temporary offer).

Food Waste Calculations

Properly tracking food waste helps you understand the actual costs of your food. Track the time, date, and amount of goods wasted, along with the reason (did it spoil or expire, was it dropped or spilled, or is this due to normal day-to-day shrinkage?). That way, you can pinpoint the main reasons for unnecessary waste easily, and even see if any staff are especially prone to causing waste. From there, you can manage inventory issues to save money spent on wasted goods and ingredients.

How to Choose the Right Inventory Management System for Your Restaurant

The best restaurant inventory management software for your restaurant is the one that best fits the needs of your restaurant operation. Your restaurant inventory management system should facilitate automated online ordering via PAR levels and integrate with your POS system to compare inventory levels with sales data. Ultimately, restaurant inventory software should help restaurant management to reduce food costs and streamline inventory management operations.

The post Restaurant Inventory Best Practices: The Absolute Guide in 2022 appeared first on Branch ES Catering.

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