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The Orderly Blog

Your weekly dish of restaurant tech, ops efficiency & food purchasing trends

 

The 2017 Complete Guide to Restaurant Inventory

Posted by Joy Ugi on Apr 18, 2017 9:00:00 AM

Inventory. It's kind of a big deal.

16% of your food ends up in the trash.

75% of your employees steal from you, representing a staggering 7% of your revenue.

And restaurants who take regular inventory can increase profits by up to 24% a year. Those are 3 pretty convincing reasons to make sure you take inventory… and do it right.

With that in mind, we’ve put together The 2017 Complete Guide to Restaurant Inventory to give you the “what”, “how” and “who” of inventory.

Read More

Topics: Operational Efficiency

Master the 5 Basics of Restaurant Accounting

Posted by Daisy Belden on Apr 5, 2017 1:16:14 PM


THE 5 BASIC RESTAURANT ACCOUNTING CONCEPTS THAT WILL HELP YOU RUN A MORE PROFITABLE BUSINESS

Kontabilitetit. Uhasibu. Redovisning. Comptabilite. Apskaita.

As hard as these words are to understand, the concept they all translate to can be even harder to grasp…

We’re talking about accounting.

Not everyone speaks fluent accounting… especially not busy restaurant managers.

But knowing the basics of restaurant accounting can pay dividends in helping you understand your accountant better and manage your money.

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Topics: Operational Efficiency

The 7 Deadly Sins of Restaurant Inventory

Posted by The Orderly Team on Mar 23, 2017 1:52:25 PM

Lust... gluttony... sloth…

Ok, ok... the "deadly sins" your staff commits once their shifts have ended are their business.

But there are a few secret sins that happen in just about every restaurant backroom across the country...

We're talking about inventory sins.

The unfortunate truth is that when it comes to inventory, the stakes are high.

Committing inventory sins week after week… month after month… could lead to your doors permanently closing.

Read More

Topics: Operational Efficiency

Restaurant Inventory for Dummies

Posted by The Orderly Team on Mar 9, 2017 3:56:57 PM

YOUR 5-STEP FOOLPROOF GUIDE FOR TAKING RESTAURANT INVENTORY

You don’t have to be a rocket scientist to run a restaurant.

But sometimes it can feel that way.

There are so many processes and tasks to keep track of… scheduling shifts, ordering food, prepping for service, signing off on invoices, training staff… the list seems never ending.

And when one of these tasks takes an incredible amount of time… and you’re not really sure if you’re doing it correctly or what benefit you get out of it… you simply abandon it.

We’re talking about taking inventory.

Read More

Topics: Operational Efficiency

5 Big Lies About Restaurant Inventory

Posted by The Orderly Team on Feb 23, 2017 10:06:56 AM

They say the truth hurts.

Well, what’s more painful than 60% of restaurants failing their first year of operation and 80% failing 4 years later?

Not much.

The worst part is… you’re not even out of the woods after that.

Competition is fierce. Food prices are increasing. Labor & rent costs are astronomical.

The best way to keep your head above water?

Implement solid business practices... like inventory. Restaurants that complete regular inventory increase profits by 24% a year 

Read More

Topics: Operational Efficiency

5 Reasons Recipe Costing Dooms You to Fail

Posted by The Orderly Team on Feb 3, 2017 5:00:00 PM

Recipe costing... it's a little like a Tinder date.

Sure, she looks great in the photo. But when she shows up to the restaurant... well, let's just say she's not what you expected.

How does getting catfished by your online date relate to recipe costing?

You think calculating the price of each dish is going to get you a big, beautiful profits statement that will be the magic formula for running your restaurant.

But what you get is the opposite...

A monster of time-eating tasks, irritating minutiae and useless numbers.

Read More

Topics: Food Purchasing Trends

7 Restaurant Accounting Questions You Should Be Asking

Posted by Levi Morehouse on Dec 29, 2016 11:23:47 AM

Did you know that 46% of all small businesses fail because of bookkeeping errors?

Would you believe that cash flow problems wipe out another 82%?

And that overall, restaurant industry sales are down 1.3%?

These stats are no joke.

They prove that good bookkeeping and accounting processes are must-haves for keeping your restaurant alive.

Read More

Topics: Operational Efficiency

7 Reasons Why Spreadsheets Are Not Restaurant Inventory Software

Posted by The Orderly Team on Dec 16, 2016 8:00:00 AM

If someone came into your restaurant and took cash out of the drawer, would you take action?

Of course. That’s your money!

Well, if you’re still using a spreadsheets instead of inventory management software, you’re actually stealing from yourself.

Read More

Topics: Technology

5 Critical Mistakes You’re Making with Your Restaurant Accounting

Posted by William Lee on Dec 5, 2016 2:15:00 PM

How do you know your restaurant’s doing well?

You’ve got a waitlist every night…

People leave GOOD reviews on Yelp…

Your staff seems happy…

Yes, these are all reasons why you may think you’re running a healthy business. The problem is… they don’t necessarily mean profits are up.

The one way to tell if your restaurant is doing well?

Looking at your books regularly.

The truth is, if you don’t take your restaurant accounting seriously – seeing exactly where your money is going and why – you’re most likely headed towards disaster.

Read More

Topics: Operational Efficiency

The 2017 Guide to Restaurant Inventory

Posted by The Orderly Team on Nov 16, 2016 9:05:00 AM

Inventory. It's kind of a big deal.

16% of your food ends up in the trash.

75% of your employees steal from you, representing a staggering 7% of your revenue.

And restaurants who take regular inventory can increase profits by up to 24% a year. Those are 3 pretty convincing reasons to make sure you take inventory… and do it right.

With that in mind, we’ve put together The 2017 Complete Guide to Restaurant Inventory to give you the “what”, “how” and “who” of inventory.

Read More

Topics: Technology

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50 Free Apps for Restaurants

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The 2017 Complete Guide to Restaurant Inventory

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Learn everything you've ever wanted to know about inventory.


The Restaurant Accounting Checklist

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Use this checklist to stay on track with your restaurant accounting & increase profits.


Restaurant Inventory for Dummies

Don't be a dummy. Get this guide for a faster and more accurate restaurant inventory. GET THE GUIDE

Use this 5-step foolproof guide to put the right inventory process & technology in place today.


Quarterly Business Review

Download the Quarterly Business Review Template for restaurants. DOWNLOAD THE QBR

This template will give you the negotiating power to get the best deals from your suppliers... it's like printing money.


Restaurant Accounting Basics: The Ultimate Cheat Sheet

Master the 5 basics of restaurant accounting with this ultimate cheat sheet. GET THE CHEAT SHEET

Master the 5 basics of restaurant accounting with this ultimate cheat sheet.


Orderly App: Quick Start Guide

Get the Quick Start Guide for the Orderly App. DOWNLOAD THE GUIDE

Follow these 9 simple steps to get paperless invoicing & painless inventory.