Top 5 Factors That Affect Restaurant Management’s Longevity

Branding, Corporate, F&B, Food and Beverage, Restaurant, restaurant management, restaurant operation management, Startup
 

Source: Lifestyle Asia Hong Kong 

What are some of the factors that affect a restaurant management’s longevity? Business owners would have to consider a few of these in order to maintain or to gradually improve the overall productivity and efficacy of managing and sustaining a restaurant business. Where we are able to retain our customers’ satisfaction, regular support, and patronage within the Food and Beverage (F&B) industry over time.

Source: USA TODAY 10Best 

Whether if it is from a regional or global perspective, the F&B market is a fast-pacing and ever-growing industry that expands exponentially along with the growth and progress in urban populations and technological developments worldwide. The F&B industry is a broad sector, to begin with, as it consists of the various types of dining services that many restaurant businesses could provide now based on current needs, wants, and trends of the consumers. Also, this ranges from their eating habits to the wide range of considerations that many restaurant businesses would need to take note of while managing their restaurant’s daily operations.

Source: Ortal Heat

Fret not, here are the Top 5 Factors that we have compiled to enable you and your team to better identify and consider these factors which could affect your restaurant’s management longevity prior to the commencement of your own F&B business or even as a veteran within the F&B sector!

#1: Use of Convenience Foods

Source: Everyday Health 

Foods prepared on-site would usually require more time and labour costs than similar menu items that are made with convenience foods, such as pre-portioned meats or desserts. We could reduce labour costs by using convenience foods, but business owners would have to consider two factors such as:
i) Which types of convenience foods would increase your overall ingredients and preparation costs, and ii) Which may also affect the quality of your menu items.
  The second factor – affecting the quality of the menu items – will not always be that evident. If convenience foods are made with high-quality ingredients at affordable and reasonable pricing, where they are processed or prepared exactly or similarly as recommended by manufacturers, this could help to provide uniform portions of very good quality food items overall.

#2: Menu Items

Source: iMenuPro Help Docs

Did you know the number and complexity of menu items affect the production hours needed overall for your restaurant business?
If you have a menu with many items requiring difficult production techniques, you will require more preparation time per item as a whole. And if your menu consists of a limited number of items requiring minimal preparation, you will thus require less time. This is significantly observed when restaurants are catering a wide range of food cuisines under their operations. Hence it is advisable for new and current business owners to be mindful of the specialty and the specializations they could provide to customers to better serve and stand out from other businesses. Focusing and specializing in either one or two cuisines would ensure and enable that a company is able to better manage their overall business operations flow. Without extending and overloading their staff too thinly on various things occurring within its kitchen management simultaneously.

#3: Types of Dining Service

Source: Restro Nearby 

Did you know within the F&B establishment scene, there are various types of dining services catered that business owners could consider if they are planning to start up their own?
This includes restaurants, cafeterias, cafés, fast-food joints, pubs, delis, food manufacturing operations, catering businesses, food transportation services, and more. Based on the types of service your business is offering, the work for them can range even from packaging to preparing, transporting, and serving food or beverages to others. Hence the types of dining services a business owner is considering to provide are one of the crucial factors to consider prior to starting their own F&B establishment.
i.e. A full dining service restaurant featuring complex dishes with multiple components will require more labor and preparation time than a cafeteria-style or fast-food type of quick dining service restaurant.
Also, a restaurant that requires a higher level of skills in terms of preparing more complex and extravagant-looking dishes will require more experienced kitchen staff. This in turn would require a higher range of internal or external manpower and resources costs.

#4: Quantity of Meals and Number of Meal Periods

Source: Insider 

Next, the volume of business will affect the amount of manpower required as well. Depending on each restaurant’s overall operational management system, they will have a minimum staffing level without which they cannot operate on. If it serves fewer people than this minimum staffing level it is able to handle on, the labour costs will then be significantly higher. Also, the number of meal periods would then affect the productivity of the restaurant if different menus for each period would require set-up and tear-down time. And different menus catering for different meal periods will usually mean a larger number of menu items being included, so this greatly affects a restaurant’s manpower and other areas of resources.

#5: Use of Technologies for Overall Restaurant Management

Source: LevelFive Solutions 

Lastly, the use of various types of technological systems relating to the restaurant’s overall operational management could also play a crucial role and have a significant impact on its overall productivity and effectiveness. Establishments that are using outdated or non-upgraded software solutions or systems for their operations would have observed and realized the lag time or technical issues it brought on when their solutions or systems are loading or processing data and information slowly. Repercussions could be much more detrimental than what many business owners might have thought of.

Source: LevelFive Solutions 

i.e. The POS (Point-of-Sales) solution system used by business owners for its overall operational management could be the first crucial factor for businesses to consider as it is the first point of contact in providing a seamless service flow for customers.
From the moment they’re assisted to be seated followed by them taking or making food orders, to kitchen preparation for receiving each diner’s menu orders, actual food preparation, add-on food orders, and lastly, making payments.

DinePlan Suite

Source: LevelFive Solutions

At LevelFive Solutions, our DinePlan Suite is an overall comprehensive F&B Management Solution that helps business owners to better manage their Online, Onsite, B2B, and B2C businesses efficiently, effectively, and more.
  We’ve a wide range of solutions each addressing core business functions that every modern, high-growing, both standalone and chain restaurant needs today. They seamlessly work together to bring you splendid results, which covers from start till end of your whole service operational management flow. Learn more about our DinePlan Suite and how its features could help you with your business and operational management overall, you could drop us an email at sales@lfsolutions.net or Schedule a Demo with us today!  
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Best Retail POS Systems in Singapore | LevelFive Solutions

5 Best Retail POS Systems in Singapore

Restaurant inventory management, Retail Management
With an increased amount of workload in the retail industry, POS systems have come up like a boon. There have been so many reasons due to which many retail owners and operators prefer to make use of the best POS systems today. Also, it is due to the increasing demand for such systems that more options are coming up in the category of best retail POS systems in Singapore and other places across the world.

Benefits of Retail POS System:

While there are tons of benefits of using the retail POS system, here are some of the most basic ones to know about. 
  • Minimized Human Errors:

One of the basic and most important reasons that many of the users have to use POS systems is to reduce down human errors. The slightest of errors can lead to trouble in matching up the balance sheet at the end of the day. The POS systems make sure that all the operations are done without any errors. 
  • Easier Management:

Another benefit of these POS systems is that it is super convenient to use and helps you in managing all your records and transactions in a much easier way. 
  • Automated System:

POS systems are automated systems and you can use them for different options such as monitoring and analyzing your inventory or keeping proper track of your documents. When customers are fewer, you can still manage to perform your activities manually. But when suddenly the customer flow is high, you will require support and retail POS systems can turn out to be the best option in hand. 

5 Best Retail POS Systems in Singapore:

Now when the benefits of using POS systems are clear, it is essential to understand that choosing the right system is also important. Here are the best retail POS systems in Singapore to go for. 
  • POS Square:

Started in the year 2002, POS Square is known as one of the most used POS systems in Singapore. By now, the system is a part of some of the most renowned retail partners in the country. This system offers:
  • It has got customizable settings
  • Inventory management is its highlight
  • It has got print-friendly database
  • It offers great support after installation
  • Shopkeep:

Shopkeep has become a favorite for small business owners as well as the medium retail companies in Singapore. Here are some of the possible reasons why this system has become so much popular:
  • The tool has got simple to use interface
  • The users get stock management, inventory, and many others in real-time
  • The system is based on cloud
  • It includes a plethora of features like bookkeeping, data management, tracking, and others. 
  • Equip Retail POS:

Equip is another option available in Singapore that is suitable for all types of retail business houses. Whether you are a small business that has just started up or are already a big enterprise, this system is the best to rely upon. Here are the features:
  • It is a web-based system
  • The tool is quite easy to integrate with other systems
  • It is comprehensive and Modular
  • Unlimited users can use the system after getting the license
  • Zeatech Retail POS:

Zeatech is an efficient system for cash handling, invoice, and other elements. It comes with several amazing beneficial features and these are:
  • Zeatech has a user-friendly interface with comprehensive features
  • The tool tracks inventory in real-time
  • It has got stock report, inventory management, and similar elements
  • Lightspeed:

With an interface that is minimalistic, Lightspeed is quite easy to use and has become popular among many retail owners for this reason. Here are some other reasons that have made Lightspeed one of the favorite options for many of the retail owners in Singapore
  • It comes with customizable features
  • It is a system based on the cloud platform
  • It has marketing tools integrated into it
  • This tool serves best for those who have multiple retail outlets. 

How to Choose the Best POS System in Singapore? 

Of course, when you decide to have a POS system, you will be getting any one of the best options mentioned above. But which one actually should you get from the best 5 options mentioned above? This can be determined by a number of factors:
  • The size of your enterprise:

Some systems are for big enterprises while some others are exclusively for small retail owners. There are also some that can go well in both cases. 
  • The Features:

Which features you prefer to have in your system will depend upon the requirements that you have in your enterprise. Go through the features of the systems carefully to get the one that suits you the most. 
  • The Price:

It is very much important to choose the retail POS system that suits your budget. There is no point in getting under an extra burden. Hence, go for a POS system that is within your budget range.  All you need to do is to spare some time in researching and comparing so that you can get the best retail POS system for you. After all, this investment is going to serve with a lot of benefits. 
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