Tag : restaurant

12 Jul 2017

How menu engineering can be the ultimate restaurant profit-boosting tool

It started in the 70`s when Bruce D. Henderson created the growth-share matrix for the Boston Consulting Group. Its aim was to help businesses to analyze a particular product performance within the entire product line. It is simple yet effective approach if correctly applied.

Restaurant owners and managers can benefit too. The growth-share matrix, also known as the Boston Matrix has its restaurants’ custom-made version, called menu engineering. It is a data-driven approach to boosting a restaurant` profit. In this blog post, we are going to share with you how to do it easy and effective as possible.

6 Mar 2017

6 real-life use cases of restaurants data analytics

It is a common conception that data analytics is the next big thing for many of industries. Restaurants are no exception and this is visible. This blogpost is not aimed at pointing the benefits of restaurants sales forecasting, a tedious task we`ve already created a solution for. Nor to highlight what is restaurant data analytics all about. Our goal today is to share with you real-life use cases for data analytics. Restaurant owners & management teams – just take a look and pick some really nice restaurants data analytics ideas!

18 Jan 2017

What is restaurant data analytics all about?

Predictive and big data analytics are extremely hot these days, since the belief that the data is the new oil is taking over business managers from all sectors and industries. Data analytics for restaurants is also available even though the revenue of a particular restaurant location is not that big. But there are opportunities which make the difference between good and best.

5 Oct 2016

Why sales forecasting is a must have for restaurants

To have a crystal clear notion of upcoming restaurant sales is crucial for efficient business. Sales forecasting is addressing this very issue with some interesting approaches.

It is true that a restaurant owner knows his business better than anyone. But it is also true that there are some wastes, not matter how good you are into business planning which is also time consuming. This is what sales forecasting is doing for restaurants – it manages the tiny balance between the necessary stock products sufficient to meet the customers demand while keeping wastage levels to a minimum.