F&B Procurement & Inventory Platform for Singapore Horeca (Hotel Restaurant Cafe)

F&B Procurement Platform for Singapore Horeca Industry

Food Market Hub started with the mission to make every F&B business sustainable and run effortlessly. We are dedicated to making the F&B ecosystem transparent and by vertically integrating the entire value chain from the farm until restaurant, Food Market Hub aims to make supply chain for F&B is an effortless backend job to help F&B grow exponentially while keeping the food cost low and benefit back to the consumer.

Food Market Hub uses disruptive technology to take the traditional food and beverage procurement process to the next level. We apply predictive analytics including AI to forecast procurement and food cost. Our proprietary food cost optimization algorithms and AI-powered procurement system automate 80% of workflow and help F&B operators and suppliers both can reduce lot’s manual admin works for data entry.

Food Market Hub comes with various procurement methods to help different sizes of F&B operators. We have e-commerce method, recurring template method, PAR level auto replenish method, Daily Stock Count with PAR method, and the best in class, AI method. Food Market Hub has made the AI method powerful to study previous usage model with cost optimization level to suggest what’s are the items to replenish without any recipe or PAR level. This will greatly help for SME size F&B operators due to they don’t have resources to maintain BOM / Recipe details like MNC level restaurant.

Food Market Hub started from Malaysia and now has expanded to Hong Kong, Taiwan, Thailand and finally to Singapore. Our solution at a very affordable price although equipped with advanced technology and our customer range from single outlet restaurant to 200+ size restaurant group, hotels, central kitchen, F&B factory, Online Food Ordering Startup, F&B Suppliers, and Farmers. 

Restaurant Inventory Software - For Branch & HQ & Central Kitchen System

For restaurant that running central kitchen concept, is one of the best way to control the food quality and control the recipe. However, inventory in between branch and central kitchen is not easy to manage as it's involved inter company or different company transaction.

To simplify this, Food Market Hub design to help automate the transaction between branch, central kitchen and supplier.

We bring 3 parties into one platform which is food market hub. Check out http://www.foodmarkethub.com/ or https://www.facebook.com/foodmarkethub/

Food Market Hub - Restaurant Management Dashboard and KPI Dashboard

Food Market Hub just release latest management dashboard for restaurant. Now restaurant management can view Sales vs Target, Purchase vs Budget, Sales vs Expenses, COGS, Stock holding value and percentage, and profit in live.
Restaurant no longer required to get your account admin to manually prepare accounting report after month end, now you can view online with live data.

Food Market Hub support integration with Restaurant POS and Accounting software too. For more detail, please visit http://foodmarkethub.com

Restaurant Management Dashboard (http://foodmarkethub.com)

How to control purchasing for restaurant chain

Raw Material Food purchasing for new restaurant is very complicated.

Purchasing & Receiving of food items like groceries, Bread & bakery, dairies, seafood, fresh vegetables and burgers require a complete system.

Procuring fresh and quality products, their proper receiving, storage, issuing, consumption and than re-ordering requires well established procedure and close monitoring. It is crucial to accurately define market prices.

The best tactics to accomplish this objective is to negotiate a long term contract (annual if possible) at a fixed cost with downside protection where you can get it. This allows the restaurant to control the cost. 

The amount to purchase are based on a forecast of sales, which admittedly is a guess mated without a sales history. This is helpful if you have a system like Food Market Hub to help you do the forecast of usage of the raw material and reduce food wastage.

Food Market Hub - Solution to manage your restaurants like a big restaurant chain (KFC, McDonald) that able to control your inventory control, stock balance, stock usage forecast, sales forecast, COGS, food cost, food wastage, procurement, PO and supplier control.