Posts filtered by: industry-insights
When pulling reports from your business, there are a number of KPIs (key performance indicators) that can help you better understand your business, set benchmarks, and achieve your overall business goals. In this article, we take a look at one KPI...
4 Minute Read
Slow moving inventory are defined as inventoried items that have had very little customer demand over a given time period. But what constitutes “little” customer demand? And how long of a time period justifies a slow-mover? These are questions you...
3 Minute Read
Marketers like to toss around the word ‘authenticity’ when describing brands. This new buzzword has played a major part in how companies are defining their missions and creating their processes when building a brand. Backed by a number of studies,...
4 Minute Read
If you’re in sales, you understand the importance of collecting and analyzing data. Without key performance indicators (KPIs) — such as monthly sales target, stock turnover rate, average customer spending, and cross-selling rate — retail businesses...
5 Minute Read
What is a Prix Fixe Menu? The restaurant industry is notorious for being highly competitive, with slim margins and a high failure rate. To survive, restaurateurs must stay on their toes to develop fresh new ideas and dishes to entice diners to come...
7 Minute Read
The Technological Advantage Estimated global coffee consumption exceeds 150 million 60 kg bags of beans per year. Worldwide consumption grows at an average of 2.5% annually. Despite a relatively low cost per transaction—consumers pay an average of...
3 Minute Read
The leaves are starting to turn and football season is well underway which can only mean one thing: #PSL season is upon. PSL, an acronym for those in the know for Pumpkin Spice Latte has become synonymous with fall. If the one million (and...
2 Minute Read
Multi-Location restaurant operators face a unique set of challenges. In addition to the operational challenges single location operators deal with, multi-location operators should also focus on staying ahead of technology trends to grow business...
2 Minute Read
There’s no denying pizza is big business – in fact, it’s grown to be a $128 billion dollar industry globally, to be exact. In order to reach these numbers, major players in the pizza industry are leading technology innovation across the restaurant...
3 Minute Read
Though Americans have historically been slow to adopt mobile payments, there has recently been a big uptick in mobile payments usage. Today, the increase in mobile payments popularity is largely driven by millennials – as those who grew up using...
3 Minute Read