The use of data for analytics to improve business functions and revenue is a common practice among F&B establishments, which is why they are seeing so much success in expanding and scaling their businesses.
Even if you are not planning to turn your restaurant into a chain operation, data analytics is important to you too. Let’s discuss this in this article.
Going through your monthly reports on your revenue streams will help you to forecast and catch on to the next big market opportunity. For example, if you realise a gradual increase in the number of takeaway orders for your dine-in restaurant, you may want to build up your operations in those areas.
Deploying a self-ordering Kiosk is an efficient way to cope with long takeaway queues. Your takeaway customers can place their orders through the self ordering kiosk instead of through service staff. This ensures that your existing staff are still focused on your main business operations, dine in.
It is important to know which of your marketing channels are working best for your restaurant’s target audience. Use data analytics tools to derive which one of those channels will be worth your effort and money to beef up, and which of those can your restaurant do away with.
Data analytics can also help you identify your best selling dishes. Once these dishes are identified, you may want to stock up on the ingredients for your restaurant’s bestsellers, and revamp those dishes which are not doing too well.
As a F&B operator, it is essential to review your menu from time to time, making changes to ensure your menu is up to date with current consumer trends. Using data analytics, you are able to identify your restaurant’s popular dishes, which you may use to create attractive promotions to attract more customers.
Data analytics also helps you identify popular add on or ala carte dishes, so that your staff or self-ordering system can upsell these dishes during the ordering process.
Combining data analytics with digital ordering solutions is a powerful revenue booster for your F&b business.
As we know, customer trends are constantly changing. Contactless ordering solutions such as QR ordering systems, online food ordering solutions and self ordering kiosks can uses a digital menu that can be updated instantly from an online backend portal.
This means that your best selling dishes category, add on suggestion presets and promotions can be updated in a timely manner to capitalize on new customer trends without having to spend extra time and money on menu reprinting.
If you are interested in getting digital ordering solutions such as QR ordering system, self ordering kiosks, online ordering system (pre order for pick up or delivery), do leave us your contact details below and we will be happy to arrange a free demo session with you!
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