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Restaurant Productivity Apps: Task, Inventory & Order Mgmt

Advice

A Guide to Productivity Apps for Restaurants  Ask any restaurant manager and they’ll make it clear that running a restaurant is no easy job. Long hours, staff management and customer complaints are just a part of it. Luckily, as technology advances,...

read time 6 Minute Read

What Does Backorder Mean? [Item Management Definitions]

Advice

What Does Backorder Mean? If you’re wondering, “ What is a backorder?” then we’re here to help clear things up for you! A backorder is an order for a product that is currently out of stock but will be available at a later date.  Backorders can...

read time 7 Minute Read

5 KPIs for eCommerce Conversions

Advice

5 KPIs You Should Follow to Have a Successful High-Converting eCommerce Store The popularity of eCommerce can be explained by many factors. Simplicity is one of them. In alignment with the idea of simplicity, this post will focus on a few simple...

read time 6 Minute Read

What is Inventory Management? Stock & Order Systems

Advice

What is Inventory Management? Inventory or stock management is one of the most critical aspects of most modern businesses. In a nutshell, it’s a system for monitoring, purchasing, producing, and selling of any physical stock in your operation. It...

read time 7 Minute Read

9 Proven Customer Retention Strategies For E-commerce

Advice

Attracting a lot of customers is definitely one of the hardest, but also most important tasks for e-commerce. And once you’ve attracted shoppers, customer retention is fundamental as well. Customer retention strategies are the most efficient and...

read time 4 Minute Read

How to Calculate Safety Stock Level for Retail Businesses

Advice

How to Calculate Safety Stock Level for Retail Businesses  Supply chain problems happen all the time. Machinery breakdowns, adverse weather, a surge in product demand, or a pandemic are all unpredictable events that could lead to your products being...

read time 7 Minute Read

How to Start a Restaurant: Build & Open Your Business

Advice

How to Start a Restaurant If food is your passion, there’s a chance you’ve thought about how to start a restaurant business. Food is an excellent concept for a business: though certain trends come and go, the desire to have great food and share it...

read time 7 Minute Read

Inventory Turnover Ratio: Simple Formula & How to Calculate

Advice

Inventory Turnover Ratio: What It Means For Your Business  In any industry, inventory management is a key business operation. For one, knowing your inventory turnover directly impacts sales, business costs, and financial projections. It helps you...

read time 7 Minute Read

How to Calculate Labor Cost: A Formula for Restaurants

Advice

How to Calculate Labor Cost: A Guide for Restaurant Owners Business owners have to deal with a number of major operational costs: rent or mortgage payments, inventory costs, labor costs, and a few others depending on the industry. This post will...

read time 8 Minute Read

Mobile Payment Systems: What They Are & How They Work

Advice

What is Mobile Pay? Digital payment methods continue evolving with every new technology introduced, and the hottest trend today is mobile pay. The idea of using your mobile phone to make payments is especially attractive to today's connected...

read time 6 Minute Read