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The Problems with Managing Inventory in Spreadsheets
Using spreadsheets for hospitality inventory management is inaccurate, inefficient, and unwise. Learn how poor inventory management could be making operators crazy and hurting your business.
Welcome to Our Blog
Learn what’s new or trending in the industry, our latest analysis of new labour laws and compliance factors, hear how your peers are finding success with technology, find tips, tricks, and suggestions.
The Fourth Awakens
For Star Wars fans across the galaxy (at least those who use the Gregorian calendar), May the Fourth was a rallying point to commemorate the beloved franchise. At Fourth, we took it a step further, dedicating the day to showing solidarity with the restaurants and servers vital to our communities.
The Fourth Is With You
A little over a year ago, global industries came to a standstill. It’s since been a challenging time for everyone, and our customers were some of the hardest hit by the economic fallout. We’re proud to have stood by them this entire time, and we want to celebrate this partnership on May the Fourth.
Where Business Meets Technology
There are many interpretations and different materials about the responsibilities of Product Owners in software companies. As described in the Scrum Guide – ‘a Scrum Product Owner is accountable for maximizing the value of the product resulting from the work of the Scrum Team’.
Offsetting Rising Labour Costs Through Effective Menu Engineering
On top of the decreased sales resulting from the pandemic, the hospitality industry is facing an ongoing rise in labor costs and uncertainty regarding supply chain reliability and product availability.
Being Proactive About Financial Wellbeing can Provide a Vital Lifeline
Months of furlough and job losses mean financial pressures are at an all-time high for workers in the hospitality industry.
Insights on Hospitality Recovery – Summary of the October Report
The figures from our October Insights on Hospitality Recovery report, a series in partnership with Wireless Social, reveal it was another incredibly challenging month for the hospitality sector, with further Government-imposed restrictions impacting trading and consumer confidence
Provide Additional Financial Support to Your Employees Through Challenging Times
Financial pressures are at an all-time high as we move into a second lockdown. We know supporting your employees’ financial and mental wellbeing is really important to you during these challenging times and hope that exploring Fourth X Wagestream will support you in these efforts, enabling you to give your team access to their furlough income on demand.
Protecting Hotel Profits in Extraordinary Times and Preparing for Future Success
The hotel industry was faced with disruption and increased costs before the COVID-19 global pandemic. Since, restrictions on leisure and travel and new health & safety operating protocols have resulted in increased costs, fluctuating demand and reduced occupancy, covers and revenues, making it extremely challenging to operate profitably.
Top Five Supply Chain Management Tips
Suppliers serving the hospitality sector have unsurprisingly been adversely impacted by the pandemic, with reports of revenues of less than 10% of 2019 levels during the first lockdown.
Top 3 Fundamentals to optimise labour in a moving market
Many of us will look back on 2020 as the year that fundamentally changed the hospitality industry. From monitoring the health of our employees, team members wearing PPE, to constantly changing rotas to accommodate consumer demand, the pandemic has certainly changed the way we operate and our traditional measures of success.
Find Out Why Our Customers Say the Nicest Things
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