In the dynamic world of hospitality, managing finances efficiently is not just an option; it’s a necessity. Restaurant owners and chefs know the struggle all too well: juggling invoices, keeping track of supplier credits, and ensuring that every dollar is accounted for. This is where ChefMod steps in, revolutionizing the way the hospitality industry manages its finances with its latest feature.   Understanding the Challenge Traditionally, handling supplier credits has been a cumbersome process, often leading to confusion and missed opportunities for savings. Whether it’s credits due to returned goods, or products short on truck, discrepancies in billing, or any ...

Welcome to the ChefMod FAQ post, where we address common questions and shed light on how our tailored solutions are revolutionizing procurement and accounts payable processes for restaurant owners throughout the country. Running a restaurant comes with its unique set of challenges, and managing procurement and accounts payable can often feel like navigating a maze of paperwork, negotiations, and inventory management. From time-consuming manual processes to fragmented vendor relationships, restaurant owners face numerous hurdles that can impact efficiency, profitability, and ultimately, the guest experience. Manual tasks like paper-based ordering and invoice processing not only consume valuable time but also leave ...

With supply chain upsets and customer unpredictability, restaurant inventory management has become a daunting task. When a restaurant tries to order items, such as proteins, produce, or seafood, for example twice a week, the prices fluctuate so much that the restaurant inventory managers tend to just give up trying to procure supplies at the lowest price. So what are the four things a restaurant should do in these times but aren’t?   Restaurant inventory management cannot be ignored when trying to keep costs down to maximize profits.  It’s a delicate balance of ordering food, especially perishables, in a timely manner, ...

While spreadsheets and notebooks are helpful, they make for a tedious, time-consuming process that’s prone to errors. Automating the food costing process with specialized software is the way to go. It simplifies the overly complicated process to offer deep insights that lower your overheads and maximize profits. Dig in to learn more about the benefits of automating your food costing process with specialized software. Complex to handle and costly to ignore, food costing is a delicate yet critical part of running a successful restaurant. Knowing the actual cost of every ingredient on your menu is vital to your bottom line. ...

While the catering industry is on the mend, it’s essential that you ready and steady your business for the coming year. Pundits predict a surging demand in consumption in 2022 but also shrinking corporate pool as most people work from home. Here are some bulletproof ways to streamline operations in a catering business to cope with changing market dynamics. With the American social and economic recovery soaring to new heights, the people crave culture, community, and companionship. Sharing a delicious meal with friends and family delivers on all fronts.  This spells good news for the catering industry as there’s a ...

Besides the labor shortages, restaurants are grappling with a massive product shortage occasioned by a global supply chain interruption. The pandemic may have exposed the soft underbelly of the worldwide shipping industry. And the supply chain issues are expected to spill over into 2022 and beyond. Dig in as we explore restaurant supply chains and the challenges you’re likely to encounter in 2022. A year and a half later, the restaurant industry is still reeling from the effects of a global pandemic. First came the massive closure that saw the sector lose more than $290 billion in revenue and forced ...

In a bid to counteract these negative effects in the restaurant industry, the government established various regulations to ensure the safe operation of the restaurant industry. Although these regulations are ever-changing, there are several ways that restaurant owners and stakeholders can continue to run a successful restaurant business. It is no secret that the COVID-19 pandemic has had a devastating effect on many industries and individuals around the world. For the past 18 months, the restaurant industry has had to come up with innovative solutions to aid their effective transition into the new normal and reduce the effects caused by ...