Restaurant Tech Tamping Down Inflation Says, GoTab CEO via PYMNTS

We often talk with managers about how improving the efficiency of their operations; i.e., receiving orders and fulfilling them in the least costly way can be a damper on the high inflation we’re all experiencing. But sometimes those messages get lost in the sauce. It’s much simpler to focus on more direct and obvious ways of reducing restaurant inflation impacts, like menu engineering, and price increases.

In Inflation Prompts Renewed Focus on Restaurant Technology, Tim shares how GoTab is helping our operators shave off extra costs by rooting out waste by streamlining food running, or mobile-enabled one-off management tasks like approving refunds, adjusting inventory levels and creating discounts and offers. 

“We’re focused on two parts of the business — commerce, meaning taking orders and payment for those orders, and then fulfilling them,” he said, arguing that commerce and fulfillment are inextricably linked, citing the example of Shopify’s acquisition of a fulfillment company last year. “Our belief is you can’t manage guest expectations if you don’t know what is going on in the bar, in the kitchen.”

Get the full story at https://www.pymnts.com/news/security-and-risk/2023/uk-finance-how-far-can-ai-go-in-fighting-fraud/.