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What is a Restaurant Tech Stack?

The use of tech stacks in restaurants has been steadily increasing over the years as technology plays an increasingly important role in the foodservice industry. The need for streamlined operations, improved efficiency, and enhanced customer experiences has prompted many restaurants to explore and implement various tech stack solutions. A restaurant tech stack refers to the collection of software, hardware, and technologies that are utilized in the operations and management of a restaurant. It encompasses various tools and systems that assist in different aspects of restaurant management, such as reservations, order processing, inventory management, customer relationship management (CRM), point of sale (POS), kitchen management, and more. The adoption of restaurant tech stacks can vary significantly depending on factors such as the size of the restaurant, location, type of cuisine, and budgetary constraints. Large restaurant chains and franchise operations often have more resources to invest in technology and are more likely to

Tap Into Foodservice Savings with Buyers Edge Platform

Ready to take your foodservice savings to the next level? Maximizing savings is crucial for foodservice operators to run a profitable business. Food and labor costs are typically the highest expenses for any foodservice operation, and finding ways to reduce these costs can help increase profitability. By maximizing foodservice savings, operators can reduce their expenses, which translates into higher profits and more financial stability. Additionally, having a robust cost-saving strategy in place can help operators stay competitive in a market where consumers are increasingly price-sensitive. Maximizing savings is not just a good practice for foodservice operators – it’s essential for long-term business success. Innovative cost-saving solutions from Buyers Edge Platform can help you instantly reduce your expenses and boost your profits on everything from basic ingredients like garlic to essential supplies like garbage bags. Don’t settle for minimal savings – join Buyers Edge Platform to maximize your purchasing power and

Feed Your Bottom Line with Effective Food Cost Management Technology

Welcome to the world of foodservice, where the competition is fierce and margins are razor-thin! With the industry constantly evolving, managing food costs and delivering high-quality dishes are key to restaurant success and ensuring a long-lasting future in this exciting, fast-paced industry. Food cost management is one of the most important components to maximizing profitability and can make or break a foodservice operation. Successful food cost management is impossible to do manually. The human eye can only see so much, causing missed mistakes and unidentified errors resulting in money lost, lowered profitability, and operational inefficiencies. Fortunately, technology has made tracking, analyzing, and optimizing food expenses easier than ever. We could sit here all day and talk about the many solutions out there at the moment that are available to help you streamline your food cost management. Instead, let’s take a look at why Buyers Edge Platform Back-Office technology is the

5 Reasons to Partner with Foodservice Supply Chain Experts

Gene Kranz once said: “Failure is not an option.” In the foodservice industry, failure to manage the supply chain effectively can result in wasted products, lost revenue, and potentially harmful consequences for customers. Therefore, proactive problem-solving and continuous improvement of the supply chain process is crucial. Foodservice supply chain management involves the coordination of a complex network of activities, from sourcing raw materials to delivering finished products to customers. This complexity arises from several factors, including: The foodservice industry involves multiple stakeholders such as farmers, manufacturers, distributors, wholesalers, retailers, and foodservice providers (restaurants, hotel, etc.), each with different roles and responsibilities. Coordinating these players requires effective communication and collaboration, which can be challenging. Food products are highly perishable and subject to variations in quality, quantity, and availability due to factors such as weather, demand, and seasonality. Managing these variations requires close monitoring, forecasting, and contingency planning. The food industry

Top 3 Foodservice Technology Must-Haves

Foodservice technology refers to the use of technology in the foodservice industry to streamline processes, enhance customer experiences, and improve overall operations. There are several reasons why leveraging technology in foodservice operations is important including efficiency, improved customer experience, accuracy, cost savings, and most of all valuable data collection for quick and easy decision making. Foodservice operators who do not use technology are at risk of falling behind their competitors who do use technology. They may also be more susceptible to errors and inefficiencies, leading to increased costs and decreased customer satisfaction. Without the ability to collect and analyze data, they may also struggle to make informed business decisions. Here are the top 3 foodservice technology must-haves according to Buyers Edge Platform industry experts: Spend management technology can help foodservice operators track expenses and control costs, which is crucial for maximizing profits in a highly competitive industry. With spend management

The Importance of Visibility in Supply Chain Management

Supply chain management has always been a difficult area to navigate as the foodservice industry has historically been slow at adopting technology. As digitally advanced as the world is these days, some industry stakeholders throughout the supply chain are still stuck acting with a sense of urgency as they continue to shift from one challenge to the next and operate blindly without real-time visibility into each step of the process. Having visibility into the supply chain allows foodservice stakeholders to have greater control and accountability over the products they serve to their customers. By understanding the various stages of the supply chain, from sourcing to delivery, foodservice stakeholders can identify potential risks and take necessary steps to mitigate them. This includes monitoring the quality and safety of ingredients, ensuring compliance with food safety regulations, and managing costs and waste. In addition, by promoting transparency and sustainability in their supply chain,

Buyers Edge Platform Launches Back Office, One-Stop-Shop for Restaurants to Manage Food Costs and Automate Back Office Operations

WALTHAM, Mass., March 6, 2023 /PRNewswire/ — Buyers Edge Platform, the leading foodservice procurement platform with more than $35 billion in transactional volume, announced the launch of Buyers Edge Back Office, a one-stop-shop solution for restaurant operators to manage food costs and automate their back-office operations. The restaurant segment is specialized and needs back-office software that is built specifically for them. Historically, legacy back-office solutions have not been very user friendly or built with the operator in mind. The need for data-driven technology solutions that help restaurants cut food costs, increase operational effectiveness, and ultimately increase profits has grown as a result of the current economic conditions in the hospitality sector. While operators invested in numerous solutions to gain visibility into their purchasing habits during Covid, restaurants are ready to minimize that tech stack. The majority of restaurants are searching for a solution that is designed to address the specific revenue, cost of goods, and labor

Maximize Profitability: Streamline Your Spend Management with Technology

Foodservice spend management is the process by which businesses in the foodservice industry manage and control their food and non-food costs. The goal of foodservice spend management is to maximize profitability by controlling costs while maintaining the quality of food and service. The foodservice industry is highly competitive, with many variables that can affect profitability, including food costs, labor costs, and overhead expenses. Therefore, foodservice spend management is a critical component of your business success. The process of foodservice spend management typically involves several steps, including: Budgeting: Developing a budget for food and beverage costs based on historical data, menu offerings, and projected sales. Menu engineering: Analyzing the menu to determine which items are most profitable and adjusting menu prices, portion sizes, and offerings accordingly. Vendor management: Evaluating vendor pricing and quality, negotiating contracts, and managing relationships with vendors to ensure timely and accurate delivery of products. Inventory management: Monitoring

2023 – The Year of Streamlining Foodservice Procurement

Gone are the days of your foodservice procurement department manually managing the purchasing process. It’s not surprising that the use of technology has exploded throughout the foodservice industry. All segments, departments, and operations industry wide are starting to see the value of adopting foodservice procurement technology and embracing tools necessary to maintain and expand their businesses. We often underappreciate how adaptive and resilient the foodservice industry has had to become. Through much uncertainty the last few years, operators are paving the way to success by pivoting to a more streamlined way operating and identifying the importance of value-added technology solutions. If you haven’t already done so, it’s time to unlock a world of efficiency, optimization, and transparency throughout the supply chain with the help of foodservice procurement technology. Foodservice procurement technology is no longer a “nice to have”. Now, it’s a “must have”. Complete transparency and visibility into your procurement

How Technology Is Reshaping the Restaurant Industry

The restaurant industry has not always been quick to adopt new technologies. The adoption of technology is set to continue to increase in the coming years. From point-of-sale systems to supply chain transparency, technology is transforming the way foodservice operators do business and interact with their customers. Let’s explore some of the ways technology is reshaping the restaurant industry and what this means for the future: One of the most significant changes brought about by technology is the rise of online ordering and delivery platforms. These third-party platforms, such as Grubhub, DoorDash, and UberEats, have made it easier for customers to order food from their favorite restaurants without ever having to leave their homes. This has been a game-changer for the restaurant industry, as it allows restaurants to reach a wider customer base and generates additional revenue streams. Another way in which technology is reshaping the restaurant industry is through

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