My article was on new software for restaurants that helps cut labor and waste costs from Compeat. It is a menu-analysis and forecast driven production system that analyses each product and ingredient their shelf life and the amount of ingredient left on the shelf. There are many restaurants that have already implemented this new software. TasteBuds uses time and motion studies to decide how and where to prepare your dishes. And by using this they have been able to cut labor costs in the prep area by 33 percent. The software also helps by choosing orders not based on past orders but on forecasting. This way you can reduce the waste by only ordering food that you will actually use. This helps out when adding new products on to the menu. You are able to order food based on what you will now need not what you have already used. Another aspect of the software is that before you add those new products to the menu you are able to see how this will affect your sales product and labor costs. Franchisers use this system to communicate with their franchisees. This helps out tremendously because they are able to communicate daily and now exactly what is going on at real time. They no longer have to wait for the end of the week reports. They can solve all problems when they happen. The downfall for the product is that it is expensive and it does take time and energy to master. Many of the restaurants said that a restaurant must set time aside to work and know this system. If they don’t they will not be using it to its greatest potential.
My feelings on this article are I believe it is great. Cutting costs is always something people are looking to do. To be successful you have to make sure you are always trying to cut costs without hindering your brand or product and this does just that. The software will help predicting what restaurants will add to menus and what needs to be ordered. The article has many quotes for restaurants that have already started using this software and it seems as if it is working very efficiently for their properties. This technology seems to best suited for large restaurants and franchises because of the cost and the aspects the software offers. A small restaurant does not need to manage their labor as a large restaurant does. Also the communication feature is a large push for franchises to use the software. Solving problems in real time is ideal for the franchisees. They will be able solve their problems when they happen and not have to wait for the end of the week and then go back and solve it. This article explained the software very well and I do think that the software will take off. A restaurant is also guessing how many people to assign a shift, how much of a product to order, if a new product will succeed and this software helps eliminate the guessing. They are able to know for certain and it is all done for them by Compeat.
2 comments:
I think this new software is great for restaurants. Since the software is able to forecast which foods will be ordered it enables the restaurant to cut down on the waste from expired foods. Every company is looking at ways to cut costs and this product is one that may become essential for all restaurants in the future. Even though it is expensive the benefits seem to be too good to pass up. Not only does the product cut food costs, but also labor costs. This product will definitely give a comparative advantage to the restaurants that are able to use it.
This seems like a great software to implement into big restaurants. I know that even at my hotel the restaurant struggles with knowing how much to order due to the variety that happens from month to month. With something like this however it would do the forecasting for them based on the previous months over a period of years. Technology is a great tool that hospitality needs to take advantage of because it would make such a big difference in the costs. Even though this kind of software can be expensive it will definitely have a return on investment that would make it worth it. These kinds of things are very exciting for me and I look forward to working with them in the future!
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