Increase Restaurant Revenue Using Data & Analytics

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Increase Restaurant Revenue Using Data Analytics

• https//www.ibrinfotech.com/

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Every time your staff inputs an order swipes a
credit card or seals a check data is generated
by your cloud-based POS system. Every Yelp
review, Facebook post, and Twitter retweet, as
well as the weather, hasan impact on your
revenue. All of that raw data is combined into
easy-to-understand insights that assist you in
making better business decisions with restaurant
analytics. Every piece of data, from wait time to
tip distribution, can now be reliably captured,
measured, and given to owners in a simple and
understandable manner, allowing for immediate
action and long-term succession planning.
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Simply put, restaurant data analytics is the
process of evaluating all data points linked to
your business and turning them into actionable
insights that can help you improve everything
from menus and staffing to restaurant policies
and marketing efforts.Comparing sales and
profitability over time using a prepared list of
fundamental indicators, restaurant analytics
allows you to go deeper into the numbers to
better understand why your business is doing the
way it is. Its time to consider what you want
to learn now that youve narrowed down the
method(s) youll use to collect and analyze data.
Here are a few examples of organizations where
restaurant management software analytics may be
incredibly beneficial and how you can utilize
that data to improve your operations!
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• Improved Order Accuracy
• To improve order accuracy, modern predictive
  analytics tools can connect directly to your
  restaurants ordering system. The majority of
  them can forecast what foods will be desired at
  certain times of the day. This also aids you in
  stocking up on supplies in order to meet consumer
  needs.
• Increased Table Turnover
• Youll need to move the dining experience along
  with your tables in order to provide excellent
  service and hopefully generate repeat business.
  Customers may enjoy a casual lunch, leaving
  satisfied and likely to return for another meal,
  thanks to a restaurant software development POS
  system that can help with ordering and even allow
  tabletop payment.

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• Customer Insights
• Your consumers are the lifeblood of your company.
  The more useful information you can collect about
  them, the better! You can even start pulling
  analytics on your customers with improved
  technologies, such as loyalty programs. What
  brings them joy? What is it that makes them tick?
  Its time to find out and put that knowledge to
  good use!
• Reduce Food Waste
• When creating a menu, its critical that a
  restaurant owner understands the quantities of
  ingredients required to create a meal properly.
  Youll be able to delve down into past and
  current inventory levels utilizingpredictive
  analytics. This allows you to reduce food waste
  by ordering only what you need when you need it
  and keeping track of your food costs.

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• Make Your Staffing Requirements Appropriate
• Wouldnt it be good to know which servers are
  your best and worst performers? Yes, we all have
  a mix of instincts and experience, but you should
  back up your decisions with statistics.
  Investigate further to determine the real cost of
  a faulty server to your company. Your restaurant
  analytics will be able to show you where losses
  occur and where you might be able to better
  utilize your labor if you have the same amount of
  kitchen and waitstaff throughout the week but
  only have extra servers on specific nights.
• Employee Performance
• Employees are the ones who grin as they greet
  guests, prepare meals, and serve tables
  (hopefully). The greatest method to get
  actionable training ideas and insights is to have
  restaurant statistics on your staffs
  performance. You can best help employees develop
  if you know where they are thriving and where
  they are barely surviving.

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• Forecast trends
• Predictive analytics in restaurants can also be
  used to forecast future revenue and trends. You
  may forecast where your restaurant will be in the
  next couple of years by comparing past data with
  present figures. As a result, you can design
  plans and take initiatives to assist your company
  in achieving its objectives.
• Improved Marketing
• Strong digital marketing is one of your most
  potent instruments for filling seats, and you can
  observe the successes and failures of campaigns
  or adjust them to specific preferences, which
  makes them much more powerful.Tracking a campaign
  inside your POS analytics can allow you to
  compare sales data to evaluate if your efforts
  are bringing in more revenue or are a waste of
  time, whether its a weekly Taco Tuesday special
  or something more transitory, like a Mothers Day
  prix fixe menu. If the latter is the case, you
  can switch to a more profitable technique.

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• Improved planning
• By forecasting customer trends and busiest times
  of day, predictive analytics can assist
  restaurants in pre-planning upcoming shifts. This
  allows for improved BOH and FOH decisions, as
  well as adjustments to the restaurants floor
  layout.
• The Bottom Line
• To properly analyze data and run your restaurant
  at optimal efficiency, you dont need to be a
  full-fledged data scientist. Its simply a matter
  of delving into your analytics for each area of
  your organization, reading through the numbers,
  and maybe learning from your discoveries.You
  dont have to make all of these adjustments at
  the same time. If youre feeling overwhelmed by
  all of these categories, take it one step at a
  time. Or you can contact an industry expert such
  as IBR Infotech. Visit their website now.

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Thank You

• Phone - 15035757893
• Email - contact_at_ibrinfotech.com
• Website - https//www.ibrinfotech.com/