If you could automatically check your inventory at any of your sites moment by moment, know what needs ordering – nothing more and nothing less, and create prep plans using artificial intelligence based sales forecasts. So that every human action is guided and measured, but in a way that makes life faster and easier for your staff. Put simply, so the whole process allows no room for guesswork and human error.
Our research tells us, for many operators savings can be: 4-6%
With Next-Gen tech you can automatically track every ingredient from arrival and easily check and manage supplier prices. So there’s zero chance of prices being hiked by a supplier and then accepted without approval. Also, you get a sense of the cost of ingredients for each dish and how to make them more profitably, so your menu delivers stronger margins.
Our research tells us, for many operators savings can be: 1-2%
For a chain of casual dining restaurants for example, theoretical food and beverage costs can represent around 32% of total expenditure. But this can be reduced to 25%, as demonstrated by F&B businesses around the world using the next-gen technology, like iiko.
With Next-Gen tech you can ensure visibility of any expenditure across your business — from the cost of non-food consumables, through to staff uniforms, in-store repairs and IT maintenance. There’s no room for unusual, one-off costs to slip under the radar.
With COGS, payroll and other costs under control through your system, your margin can double.
The simple answer for most operators is Yes. There are many ways to use Next-Gen tech to boost the top-line e.g. introducing loyalty schemes, online ordering and food delivery, and changes in recipes, prices and offers.
You don’t need to stop at bringing costs under control, revenue can be increased by another
5-10% using new ideas and initiatives aided by next-gen technology.