Technology Archives

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

Fueling the Future: What is Foodservice Technology?

Foodservice technology refers to the application of technology and digital solutions in the foodservice industry to enhance operational efficiency, customer experience, and overall business performance. It encompasses various tools, software, and hardware systems that are designed to streamline operations, automate processes, and improve productivity in restaurants, cafes, catering services, and other food-related businesses. In recent years, the foodservice industry has witnessed a significant transformation driven by technological advancements. As the demand for faster, more convenient, and personalized dining experiences continues to grow, businesses are increasingly turning to foodservice technology solutions to meet these evolving expectations. By leveraging innovative tools and systems, restaurants and other food establishments can streamline their operations, optimize customer interactions, and gain a competitive edge in an ever-changing market. Let’s explore some of the key areas where foodservice technology is making a substantial impact. Point of Sale (POS) Systems: These systems are used for order processing, payment

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

How Technology Is Reshaping the Restaurant Industry

The restaurant industry has not always been quick to adopt new technologies. The adoption of technology is set to continue to increase in the coming years. From point-of-sale systems to supply chain transparency, technology is transforming the way foodservice operators do business and interact with their customers. Let’s explore some of the ways technology is reshaping the restaurant industry and what this means for the future: One of the most significant changes brought about by technology is the rise of online ordering and delivery platforms. These third-party platforms, such as Grubhub, DoorDash, and UberEats, have made it easier for customers to order food from their favorite restaurants without ever having to leave their homes. This has been a game-changer for the restaurant industry, as it allows restaurants to reach a wider customer base and generates additional revenue streams. Another way in which technology is reshaping the restaurant industry is through

Disruption is the New Villain, Visibility is the New Hero

Like Batman needs Robin, the supply chain needs technology. Traditional supply chain management has been known to be rigid and time consuming, with foodservice stakeholders manually navigating the many touchpoints of the complex ecosystem. With supply chain disruption occurring more often, the industry has been forced to pivot to meet constant price fluctuations, changes in customer demand, and product shortages – forcing them to act more quickly and with less time to plan. Without the ability to see things such as operator ordering habits, supplier shortages, or distributor metrics, it’s impossible to build supply chain and operational efficiency. But how can the different stakeholders move more rapidly when the supply chain process is known to be slow and unpredictable? The answer is with transparency. Whenever a stakeholder makes a movement in the supply chain process, data is generated. Think about it, every purchase an operator makes produces different data points

Technology Over Tradition: Why Restaurants Should Automate As Much As They Can

In a world of technological marvels such as automated virtual assistants, self-driving vehicles, and drone delivery, why would anyone want to manually run their restaurant the old fashioned way? If you haven’t already, it’s time to adapt to a more digital world and take what once were manual processes and turn them into a more streamlined way of operating. There are many different areas of your restaurant where food service technology can be adopted to make the workload on your staff a lot lighter and easier. From the back-of-house to the front-of-house, technology is the answer to creating a more efficient environment. When candidates see that your restaurant uses different technology solutions throughout the operation, it lets them know you’re prioritizing technology over traditional ways of operating, making things quicker and easier for them. Using technology could make your restaurant stand out from others, be the deciding factor for foodservice

Insights / Technology