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Each restaurant point of sale system holds large amounts of data, starting from managing your ingredient list to fulfilling a ready meal and collecting payment. These data insights individually can improve the restaurant’s functions, however, analyzed together they can improve its profitability. With Lightspeed Restaurant point of sale (POS) system it is easy to compare different weeks, months and years in sales and find what has been making or losing you money. Let’s go through 3 ways on how the restaurant can improve its revenue and eventually become more profitable.
Inventory can be described as an investment because you only receive profits after the items have been sold. Slow moving inventory stops the retail store’s cash flow which is unhealthy for the business. Not only it’s holding the shelf space for items which are selling, it also becomes less and less valuable over time. Let’s go through some of the tips and tricks on how to manage your inventory better.
Food trends are not anything new to the restaurant community. In the last couple of years, there has been a huge increase in demanding gluten free meals and vegetarian & vegan meals. Additionally to the food trends, customers seek restaurants, which are thinking about the environment and supporting local communities instead of using imported vegetables. Offering organic goods or imported goods, can be the differentiation between the restaurant’s competitors. Here are 3 ways, how your restaurant can become more sustainable.