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3 Ways Using Insights Can Help Drive Profits

To maintain a competitive edge and achieve profitability in today’s dynamic foodservice industry, relying solely on culinary expertise and innovative menu offerings is no longer sufficient. It demands a deep understanding of consumer preferences, market trends, and operational efficiencies. This is where the power of foodservice insights comes into play. By harnessing the wealth of knowledge that insights provide, foodservice operators can unlock valuable insights that pave the way to sustainable growth, enhanced customer experiences, and increased profitability. What are insights? Insights refer to deep understandings or valuable observations gained through the analysis and interpretation of information or data. Insights provide meaningful and actionable knowledge that helps individuals or organizations make informed decisions, develop strategies, or gain a deeper understanding of a particular topic or situation. Insights are different from raw data or simple observations because they involve critical thinking, analysis, and context. They go beyond surface-level information and offer

3 Reasons Why You Should Utilize Switch and Save Opportunities

One of the benefits of working with the Buyers Edge Platform is that you have access to many switch and save opportunities and a catalog of savings on over 165K items from over 350 manufacturers. Whether you are a small independent restaurant or a multi-unit chain, restaurants of all sizes are able to easily take advantage of our cost savings opportunities to lower their costs and increase profits. Our “Switch and Save Opportunities” is just one way that our members can maximize their savings within the member portal. What are Switch and Save Opportunities? “Switch and Save Opportunities” is a feature that lives within the Buyers Edge member portal, Launchpad. When a Buyers Edge member makes a purchase from their food distributor, Buyers Edge collects those purchases and loads them into the customers portal. We’re able to determine the items a customer purchased, the pack size of that item, the

Mastering Foodservice Purchasing: A Comprehensive Guide for Success

Welcome to Mastering Foodservice Purchasing: A Comprehensive Guide for Success, where we unravel the art of mastering foodservice purchasing. Effective purchasing is the backbone of any successful foodservice operation, ensuring quality ingredients, controlling costs, and maintaining supplier relationships. Whether you’re a seasoned professional or just starting out, join us on this journey to optimize your purchasing process and drive the success of your business. Define your purchasing goals and objectives. This could include factors such as cost control, quality assurance, sustainability, and supplier relationships. As a result, clearly understanding what you want to achieve will guide your purchasing decisions. Buyers Edge Platform provides a centralized hub for managing suppliers. Operators can access a wide network of pre-vetted suppliers, compare pricing and terms, and easily onboard new suppliers. By using the platform’s supplier management tools, operators can efficiently handle supplier relationships and negotiations. The platform offers powerful tools to optimize

Tap Into Foodservice Savings with Buyers Edge Platform

The pursuit of efficiency and profitability remains a constant challenge. Foodservice operators, no matter size or segment, understand that success hinges on the ability to balance quality and cost-effectiveness. The quest to leverage every possible cost-saving avenue isn’t just prudent – it’s essential for long-term success. Here’s why: Profitability: At the core of every business lies the pursuit of profitability. Food and labor costs are typically the highest expenses in the foodservice industry. By exploring various cost-saving avenues, operators can significantly reduce these major financial burdens. This directly translates to higher profits and a healthier bottom line. Competitive Advantage: In a market where consumers are becoming increasingly price-conscious, offering competitive prices can be a decisive factor in attracting and retaining customers. By optimizing costs, operators can position themselves as a go-to choice for value-driven patrons, thereby gaining a competitive edge over rivals. Sustainability: Achieving a sustainable business model

Feed Your Bottom Line with Effective Food Cost Management Technology

Welcome to the world of foodservice, where the competition is fierce and margins are razor-thin! With the industry constantly evolving, managing food costs and delivering high-quality dishes are key to restaurant success and ensuring a long-lasting future in this exciting, fast-paced industry. Food cost management is one of the most important components to maximizing profitability and can make or break a foodservice operation. Successful food cost management is impossible to do manually. The human eye can only see so much, causing missed mistakes and unidentified errors resulting in money lost, lowered profitability, and operational inefficiencies. Fortunately, technology has made tracking, analyzing, and optimizing food expenses easier than ever. We could sit here all day and talk about the many solutions out there at the moment that are available to help you streamline your food cost management. Instead, let’s take a look at why Buyers Edge Platform Back-Office technology is the

5 Reasons to Partner with Foodservice Supply Chain Experts

Gene Kranz once said: “Failure is not an option.” In the foodservice industry, failure to manage the supply chain effectively can result in wasted products, lost revenue, and potentially harmful consequences for customers. Therefore, proactive problem-solving and continuous improvement of the supply chain process is crucial. Foodservice supply chain management involves the coordination of a complex network of activities, from sourcing raw materials to delivering finished products to customers. This complexity arises from several factors, including: The foodservice industry involves multiple stakeholders such as farmers, manufacturers, distributors, wholesalers, retailers, and foodservice providers (restaurants, hotel, etc.), each with different roles and responsibilities. Coordinating these players requires effective communication and collaboration, which can be challenging. Food products are highly perishable and subject to variations in quality, quantity, and availability due to factors such as weather, demand, and seasonality. Managing these variations requires close monitoring, forecasting, and contingency planning. The food industry

Top 3 Foodservice Technology Must-Haves

Foodservice technology refers to the use of technology in the foodservice industry to streamline processes, enhance customer experiences, and improve overall operations. There are several reasons why leveraging technology in foodservice operations is important including efficiency, improved customer experience, accuracy, cost savings, and most of all valuable data collection for quick and easy decision making. Foodservice operators who do not use technology are at risk of falling behind their competitors who do use technology. They may also be more susceptible to errors and inefficiencies, leading to increased costs and decreased customer satisfaction. Without the ability to collect and analyze data, they may also struggle to make informed business decisions. Here are the top 3 foodservice technology must-haves according to Buyers Edge Platform industry experts: Spend management technology can help foodservice operators track expenses and control costs, which is crucial for maximizing profits in a highly competitive industry. With spend management

The Importance of Visibility in Supply Chain Management

Buyers Edge Platform: End-to-End Supply Chain Visibility In the fast-paced world of foodservice, staying ahead of the competition isn’t just about serving great food. It’s about optimizing your supply chain to ensure consistency, quality, and efficiency. In this no-nonsense piece, we delve straight into the importance of having end-to-end visibility into your supply chain. Article Summary: Why End-to-End Visibility Matters? 1) Streamlined Operations 2) Quality Assurance 3) Demand Forecasting 4) Cost Efficiency 5) Responding to Disruptions The Bottom Line Buyers Edge Platform’s Unmatched Supply Chain Visibility Comprehensive Data Integration Real-Time Updates Supplier Collaboration Data-Driven Insights Customized Solutions Industry Expertise Competitive Advantage Why End-to-End Visibility Matters 1) Streamlined Operations End-to-end supply chain visibility allows foodservice operators to track their inventory and supplier performance in real-time. This means less guesswork, reduced manual errors, and optimized inventory levels. Streamlined operations save time and money. 2) Quality Assurance Knowing exactly where your ingredients come

Maximize Profitability: Streamline Your Spend Management with Technology

Foodservice spend management is the process by which businesses in the foodservice industry manage and control their food and non-food costs. The goal of foodservice spend management is to maximize profitability by controlling costs while maintaining the quality of food and service. The foodservice industry is highly competitive, with many variables that can affect profitability, including food costs, labor costs, and overhead expenses. Therefore, foodservice spend management is a critical component of your business success. The process of foodservice spend management typically involves several steps, including: Budgeting: Developing a budget for food and beverage costs based on historical data, menu offerings, and projected sales. Menu engineering: Analyzing the menu to determine which items are most profitable and adjusting menu prices, portion sizes, and offerings accordingly. Vendor management: Evaluating vendor pricing and quality, negotiating contracts, and managing relationships with vendors to ensure timely and accurate delivery of products. Inventory management: Monitoring

2023 – The Year of Streamlining Foodservice Procurement

Gone are the days of your foodservice procurement department manually managing the purchasing process. It’s not surprising that the use of technology has exploded throughout the foodservice industry. All segments, departments, and operations industry wide are starting to see the value of adopting foodservice procurement technology and embracing tools necessary to maintain and expand their businesses. We often underappreciate how adaptive and resilient the foodservice industry has had to become. Through much uncertainty the last few years, operators are paving the way to success by pivoting to a more streamlined way operating and identifying the importance of value-added technology solutions. If you haven’t already done so, it’s time to unlock a world of efficiency, optimization, and transparency throughout the supply chain with the help of foodservice procurement technology. Foodservice procurement technology is no longer a “nice to have”. Now, it’s a “must have”. Complete transparency and visibility into your procurement

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