How Big Data System help Restaurant Industry

Is "Big Data" just for Huge companies like KFC or Pizza Hut? 
It's not, many industries has utilize big data to manage their decision making. They use Big Data to backup their decision and direction so they know better what to expect for every new promotion, new menu item and new customer to target.

In recent research, it showed that 57% of the medium business already using Big Data to analyze their business. This trend is growing in the F&B especially restaurant industry. Solution like Food Market Hub is leading the changes in helping restaurant management and franchise executives find out what is the right and wrong decision.

When RMS (Restaurant Management System) meet Big Data

Many restaurant owner shared with us that they have been spending few hundred thousand even million to build a complicated ERP system which they regret as the system way too complicated to let the staff to manage it. Without correct data, powerful ERP system is useless.
Food Market Hub make sure all interfaces are so easy to manage and help user to make smart decision making rather than too many setting. 

Check out food market hub at http://foodmarkethub.com/ and engage us for more detail. Let us show you how can we help you to grow your F&B business easily with much cheaper cost and simpler solution.

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.