In times the hospitality sector in the UK has encountered hurdles and amidst these challenges, a recession has further intensified the situation. Let us delve into how this economic downturn has impacted the UK hospitality market and delve into how businesses have relied on tools like StockTake Online and restaurant management software to weather this storm.
Navigating the Storm - Uncovering Quick Fixes and the Impact of Economic Changes on the Hospitality Industry
Oct 25, 2023 10:48:00 AM / by Team STO posted in Hospitality Management Software, Restaurant Inventory Management, Restaurant management software, Hospitality Tips & Updates, stocktake online, Hospitality Industry Solutions
#5 Strategies to Enhance Restaurant Performance Amid Uncertain Times
Oct 23, 2023 10:09:04 AM / by Team STO posted in Hospitality Management Software, Restaurant Inventory Management, Restaurant management software, Hospitality Tips & Updates, stocktake online, Enhance Restaurant Performance, restaurant tech, boost restaurant revenue, Hospitality Industry Solutions
In the ever-changing landscape of the #restaurantindustry, the ability to adapt and thrive during uncertain times is crucial. As #restaurants face challenges, such as fluctuating customer demands, supply chain disruptions, and unforeseen events, it becomes essential for owners and managers to implement effective strategies to boost their restaurant's performance.
How to Automate Recipe Calculations and Eliminate Low-Margin Items with StockTake Online in Times of Recession
Oct 20, 2023 7:42:54 AM / by Team STO posted in Hospitality Management Software, Restaurant management software, best restaurant management software, Hospitality Tips & Updates, Best Recipe Management Software in the UK, menu costing, recipe management system, stocktake online, Automate Recipe Calculations
Running a successful restaurant requires a lot of work, but with StockTake Online, it just got a lot easier, especially during times of recession. What you need is a recipe management system that enables restaurant owners to automate their recipe costing and eliminate low-margin items from their menus, which is even more crucial in a recession.
#5 Tactics to Dampen The Effects of Inflation on Restaurant Profitability
Jun 22, 2023 2:25:54 PM / by Team STO posted in Hospitality Management Software, Restaurant management software, stock control software
Inflation can have a serious impact on restaurant profitability, but there are several tactics that restaurateurs can use to minimize the impact. StockTakeOnline's restaurant management software can help you take advantage of these tactics and ensure that your restaurant remains profitable despite inflation with proper management.
Do not Make These 5 Common Mistakes in Your Restaurant Business Plan
May 18, 2023 12:01:33 PM / by Team STO posted in Hospitality Management Software, Restaurant management software, best restaurant management software, Restaurant management system
When it comes to restaurant management, having a sound business plan is essential for long-term success. Unfortunately, many restaurateurs make common mistakes when creating their plans, leading to trouble down the road. To ensure you do not make the same errors, it is important to know what these mistakes are and how to avoid them.
The Secret to Controlling Food Cost Variance and Increasing Revenue
Apr 20, 2023 9:01:35 AM / by Team STO posted in Hospitality Management Software, UK businesses, Restaurant Inventory Management, Restaurant management software
Whether you run a cafe, own a coffee shop, or are in charge of stocking your company’s kitchen with break room snacks, you probably know that one of the biggest costs in any business is food. It is one of the areas where cost variance can be most damaging to your operation and your bottom line.
WHAT TO EXPECT FROM THE RESTAURANT INDUSTRY - CHANGES IN 2023
Apr 14, 2023 11:10:28 AM / by Team STO posted in restaurants, Restaurant Inventory Management, restaurant industry, Inventory, hospitality industry, restaurants/bars, Restaurant management software, control/management
The restaurant industry is constantly evolving, and 2023 is no exception. With technology advancing at a rapid pace and customer preferences shifting, restaurants need to be prepared for some major changes in the year ahead. Here are a few key changes to expect in the restaurant industry in 2023, and how they will impact restaurant management and inventory control.