As a restaurant owner, your goal is to ensure you are running your business as efficiently and economically as possible. Investing in the right technology can greatly reduce operating costs and save money. By leveraging modern tech tools and solutions, owners can gain control of their operations, reduce manual labor tasks, streamline processes, and save valuable time previously spent on mundane administration. This blog post will show you how utilizing technological advances in back-of-house and front-of-house operations can help maximize restaurant savings.
Reduce food waste
Food waste is a massive problem in the kitchens of United States restaurants. According to the National Restaurant Association, “commercial kitchens typically waste 4% to 10% of the food they purchase before it ever reaches the customer’s plate.”
POS technology can help reduce food waste through the Internet of Things (IoT) inventory management. For example, temperature and humidity sensors can be installed to ensure your refrigeration works correctly to prevent stock loss. Technology can also help you estimate food costs for each dish and control portions.
Reduce labor costs
In today’s competitive restaurant industry, every bit of cost-saving measure can pay off in the long run. With the right technology in place, restaurants can dramatically reduce labor costs. Cash register systems have been improved to provide comprehensive reporting and analytics, allowing owners and managers to understand labor costs better and adjust accordingly.
Automated technologies like point-of-sale systems have been found to reduce time spent on standard operations such as ordering, payment processing, and tracking customer preferences. Time-saving techniques, such as quick customer checkout processes and automated marketing techniques, also help drive more sales and revenue. When leveraged correctly, smart restaurant technologies can be a powerful tool for reducing labor costs while providing overall efficiency benefits.
Reduce inventory costs
With inflation on the rise, restaurants must closely monitor their inventory costs through inventory tracking. Food represents 28% to 35% of the expenses for a profitable restaurant.
You can further reduce costs and unnecessary waste by asking customers if they want disposable items and using food items like chicken bones and leftover meat and vegetables for house-made things like stock, soups, and casseroles.
Reduce order errors
Order errors are costly, averaging $30 per order. The right technology can be a lifesaver for restaurants struggling to keep up with their customer orders. Using state-of-the-art software and hardware ensures orders are entered and fulfilled correctly, reducing costly order mistakes that can lead to frustrated customers.
Technology such as integrated payment systems, POS systems, and payment integrations can keep your order processes running smoothly, so time is well-spent dealing with miscommunication or manual errors. Incorporating the right restaurant technology into daily operations helps ensure that your customers experience a seamless checkout process and leaves them feeling satisfied and valued.
Are you interested in investing in restaurant technology and saving on operating costs? Contact the experts today at DCRS.