In a turbulent market, retailers need to ensure they are conducting demand forecasting and capacity planning accurately, efficiently, and effect... Read the article
Retail
Increase the profitability of your restaurant portfolio
With a single, interactive analytics and planning software solution for Restaurants and Food Service Chains
With new market entrants completely changing the way consumers think about eating out, restaurant chains and foodservice operators are battling to attract diners with innovative (and profitable) new offerings. The unified Board decision-making platform provides the solution by enabling managers to analyze, simulate, and plan in one solution, helping them to achieve an integrated approach to business planning, identify consumer trends, simulate the impact of new strategies, and deliver performance improvements company-wide.
Transforming Restaurant and Food Service Decision-making
The Board platform consolidates data from multiple sources, locations, and points of sale into a single view, providing a truly integrated approach to planning and analytics for restaurants and franchises. At any step of the decision-making process, Board’s restaurant data analytics capabilities enable managers to access to up-to-date information and gain actionable insights across key restaurant chain processes, including Front-of-House (FOH) and kitchen control, customer spending and loyalty management, supplier and purchasing evaluation, and workforce & inventory optimization.
Corporate Performance Management
- Financial Planning
- Profitability Analysis, Modeling, and Optimization
- Financial Consolidation
- Strategy Management
Restaurant Network Analytics
- Sales Analysis
- Restaurant Analysis
- Staff and Employment Analysis
Operational Planning and Simulation
- Restaurant Planning and Forecasting
- Resource Allocation
- Scenario Analysis
- Simulation of new Products or Promotions
- Waste Reduction
Thanks to Board’s integrated restaurant analysis and reporting functionality, managers can better understand workforce performance for each location, allowing them to concentrate on meaningful relationships with staff and guests and spend more time on the restaurant floor while delivering both more efficient management and increased customer engagement.
Restauranteurs can also take advantage of Board’s outstanding predictive modeling tools to identify key business trends and relevant sales opportunities to stay ahead of their competitors, using predictions for both analysis and planning in a single interactive environment.
Increase the depth of your Restaurant and Food Service Analytics
Gain a detailed understanding of your sales performance and customers’ purchasing habits to identify potential opportunities for growth.
Quickly perform detailed sales analysis
Identify the most profitable products or meal combinations by analyzing and comparing sales by factors such as product category, cost, time period, and promotion
Understand the underlying factors affecting restaurant performance
Examine the performance of individual restaurants or franchise groups, factoring in everything from raw ingredient costs to other influential factors such as weather, time of year, and footfall
More effectively manage your employees
Gain clarity over staff performance by individual team member by monitoring key KPIs and identify locations requiring training, investment, or additional resources
Enable more-informed Restaurant and Food Service Planning
Increase the accuracy of your strategic, financial, and operational decision-making with the ability to plan and forecast in real time.
Increase the depth of your restaurant planning and forecasting
Utilize accurate historical data and real-time changes to materials costs as a basis for forecasting and planning future menus, restaurant openings and closures, and staffing requirements
Understand the impact of cost changes on the bottom line
Model and review, in real time, how changes in food, liquor, and labor costs affect the P&L
Save money by reducing waste
Identify underperforming menu items and forecast product usage to gain a clearer picture of what is required and when it is needed
Customer success story: KFC UK
Centralized Driver-Based Planning
The planning process that used to take 3-4 weeks is now done in a matter of days.
Fast, intuitive Financial Planning & Analysis
Integrated planning, forecasting, and financial reporting
Get practical advice on digital transformation in retail
In an increasingly tough retail environment, only those who report and plan effectively will survive. So what should retailers be considering in... Read the article
Remember when you needed separate electronic gear to play back music, make phone calls, take pictures, record audio and access the Internet? Th... Read the article
