Two-way integration

Two-way or bi-directional integration means that two software platforms are connected seamlessly, allowing data to be sent back and forth between both systems. Two-way integration, therefore, is much more reliable than data scraping as it grants both parties direct and unlimited access to data.  Hospitality and retail operators often use two-way integrations to connect their […]

Traceability

Traceability is the ability to trace elements of a product as it moves along the supply chain. This includes all product movements, from procurement of raw materials and production to processing, distribution, and consumption. In F&B, traceability reduces the risk of contamination, disease, and spoilage before the food product reaches end consumers. The concept of […]

Third-party delivery

Third-party delivery is when a business outsources delivery to a partner. Businesses teaming up with a third party can use their partner’s vehicles and drivers to deliver their goods to customers. Other resources that become available to businesses include marketing tools, tracking systems, and secure payment technology. Major third-party delivery services in the F&B industry […]

Theoretical inventory (also called book inventory)

The theoretical inventory refers to the inventory of stock in a business’ inventory system. It doesn’t take into account factors like inventory theft, improper registration of stock items, or missing receipts. Apicbase restaurant inventory management software automatically keeps tabs of stock thanks to our integrations with leading POS systems.

Theoretical food cost

Theoretical food cost is a restaurant’s food cost based only on the food sold during a specific period. As the term suggests, the theoretical food cost is what you should spend on food, according to the cost of all ingredients. It doesn’t factor in accidental waste, employee theft, imperfect portions, or inventory and accounting errors. […]

Tech ecosystem

A tech ecosystem, also referred to as tech stack, is the collection of technological solutions that is used to run the day-to-day operations of a business. The term ecosystem refers to the fact that all the different programs communicate or interact with each other, creating an integrated business. The hospitality and restaurant tech ecosystem includes […]

Table management software

A table management system allows restaurants to manage customer reservations, waitlists, and tables. These systems come with a (customizable) floorplan of the restaurant that is accessible from a tablet, so servers can see which tables are available, assign tables, and control capacity. Table management systems often are integrated with the restaurant POS system improving overall […]