Today’s multi-channel restaurants need pricing that’s fluid, responsive to competitors, and driven by data. Dive into our data insights with us in our new blog! ?????? #valuewars #pricing #restaurants #datadriven
JUICER的动态
最相关的动态
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Restaurant managers are realizing that the way they price their menus can be as creative as the way they construct them. They are applying many principles of the Choice Game, including sharper differentiation, better communication, and optimizing the interrelationship between item prices rather than optimizing prices in isolation. Some prices may rise and others may decline, either in absolute terms or on a per-unit basis, but the overall intent is to ensure that customers can self-select a desirable option. As the National Restaurant Association Show wraps up this week in Chicago, this renewed focus on pricing offers hope that restaurants will continue to survive the challenges in their industry, such as rising labor and food costs and ongoing shifts in consumer behavior. #pricingstrategy #restaurants
How some operators are getting creative with their pricing strategies
restaurant-hospitality.com
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Check out this new article: Make restaurant inventory management easier with this 5-minute hack by
Check out this new article: Make restaurant inventory management easier with this 5-minute hack by
blog.clover.com
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Dynamic pricing strategies eliminate the guesswork in menu pricing for #restaurant operators through advanced analytics and real-time adjustments. Learn more about the benefits and controversies surrounding dynamic pricing in the restaurant industry here: https://bit.ly/3Vc48ia. Ready to boost your restaurant's profitability? ????? Discover more about Smart Pricing with Chowly: https://bit.ly/3VdIJoP
Dynamic pricing a divisive subject at National Restaurant Show
restaurantbusinessonline.com
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Here’s our recommended reading of the day: “7 Proven Strategies to Master Restaurant Inventory Management” This is a free guideline on how to save costs and optimize operational efficiency in 7 simple steps. Step 1: “Conduct regular inventory audits: Carrying out regular inventory audits in a restaurant is important as they help run the business and increase profits. By conducting a thorough inventory of your stock regularly, you can…” - continue reading: https://lnkd.in/dXRgAEkQ #RestaurantManagement #Inventory #RestaurantERP #RestaurantSoftware #PolarisERP #PolarisTechnology
7 Proven Strategies to Master Restaurant Inventory Management
https://polariserp.com
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Yearly fast food restaurant sales data is interesting. Chick Fil A is #1 even though closed on sundays with a decent amount of items. Seems: Raising Canes has a very focused menu allowing for higher per order profitability that pushes speedy drive through ordering Profit margins are typically in the lower 3 to 7% range It would be more accurate to have annual $/sf of building revenue for apples to apples comparison per concept #commercialrealestate #retail #restaurants #fastfood #revenue
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I love the phrase “drive it like you stole it” for many reasons. In the US Restaurant industry now is the time to do just that. ?? 2024 is on track for $1.1 trillion in sales according to the Wall Street Journal. Food service operators oversee a fast-paced, demanding environment and customers’ expectations set a high standard. In a recent survey, Nation’s Restaurant News reported that 53% of respondents recognized increased food costs as one of the industry’s biggest challenges. Restaurants constantly battle razor thin margins. ??Rising payroll and ingredients costs along with waste, spoilage and theft are all areas that require attention and scrutiny. ?? Paper, accompaniments, condiments and cooking mediums all need to be factored into pricing. ??Even water costs can have an impact on profits. Are your suppliers delivering every item that you have paid for? Do the counts and weights match what was received? Could your restaurant benefit by looking at spending through a different lens? Does lowering food cost and increasing margin without raising menu pricing, reducing portion size or changing recipes sound interesting to you. Call me 610.686.8015.
Restaurant openings up 6%, but momentum slowing
restaurantdive.com
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Exciting News Alert! Dive into our latest blog on How to Calculate Menu Costing ?? #MenuMagic?#foodbizinsights?#suppliersecrets?#businesstips?#businesstipsforsuccess?#businesssuccess #Menucosting #costing #foodcosting #pricing #pricingstrategy #restaurants #restaurateur #openpantry
How to Calculate Menu Costing
theopenpantry.com
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Today's restaurant industry is more dynamic than ever. How can you adapt to today's consumer environment? Check out this Nation's Restaurant News article for more information on these four strategies: -Evolving menu offerings -Enhancing the consumer experience -Investing in employees -Implementing balanced pricing #restaurants
Four strategies to manage a weird restaurant consumer environment
nrn.com
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Customers may have more options than ever before, from ordering almost any food they want from the comfort of their own home to choosing to dine out “the old-fashioned way” (and every “channel” in between), but spending habits have not changed as much as we might think they have. https://bit.ly/4aJcW4V Is restaurant technology helping you build a renewed business strategy to cater to these diverse preferences while maintaining consistent revenue? Comment below! #Restaurants #ConsumerSpending #ROI #Technology
The new value equation at restaurants
nrn.com
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