When it comes to BI tools, data and how it is visualized can have a substantial impact on how your team discovers, communicates and reacts to trends.Read More
IT TAKES BACK OF HOUSE GUTS TO POWER FRONT OF HOUSE GLORY. LET US HELP.
This blog supplements our Resource Center content. We hope you visit often to learn more about how back office software can help your restaurant optimize food and labor costs and minimize waste.
Forecast Cycles and Frequency - The benefits of developing an accurate forecast have been reviewed in earlier blogs and are, at the most basic level, the best way to predict both product and labor needs to meet and exceed customer demand and expectations. While product shipments may only occur once to twice a week, labor needs are based upon expected daily sales and traffic. Given that both food and labor costs are based upon daily sales and activity, the forecasts need to operate on a daily basis.
Imagine having complete control of your restaurant business using one software solution. Wow, that sounds good, doesn't it? Food cost, menu engineering, inventory, labor, analytics... all of it together and centralized in a neat package. It's what today's foodservice C-team is striving for.
As we discussed in my previous blog posts, the Assortment Plan provides a localized plan for each restaurant for all products. It not only specifies the categories and detailed menu items to be sold, it also provides sales estimates for those products and, as well, gross margin estimates at the category/location level. The definition of a category, the key product dimension for the plan, is best described by AC Nielsen is that the products should meet a similar consumer need, or that the products should be inter-related or substitutable. The key here is that a Category should be viewed from your customer’s perspective rather than from a Food & Beverage point of view.
Nobody ever said restaurant operations is easy. Seemingly simple things like restaurant performance reporting can make you feel like a puppy chasing your own tail. All you want is a solid operational foundation with access to real-time inventory, sales, and labor reporting. You want to understand your true costs so you and your team can make smart decisions that will grow the business.