Rosnet - Blog Aug 2020

Winning the Numbers Game: Leveraging Data for Restaurant Success

5 Minute Read

restaurant food operations

Key Takeaway

Rosnet’s integrated multi-restaurant management platform gives operators a 360° view of their companies, allowing them to visualize the data in ways that fit their needs, their goals, and the way they do business.

 

The restaurant industry is marked by razor-thin margins and high customer expectations. In this environment, easily digestible data isn’t just useful; it’s an essential survival tool. Multi-location restaurant operators juggle hundreds of variables every day. To make the best possible decisions, company leaders need reliable, real-time data on sales and labor. With the right software, they can quickly gain the insights they need to intelligently navigate the complexities of day-to-day operations, budgeting, and long-term planning.

The Next Frontier for Restaurant Leadership

 

The difference between good and great restaurant organizations often comes down to one thing: their ability to efficiently extract insights from data. No matter how experienced or successful they may be, no one can afford to simply rely on gut instinct anymore. In a world where one staffing, food prep, or ordering miscalculation can tank a day’s profitability, accurate forecasting, scheduling, ordering, and budgeting are critical. Today, the ability to devise and implement data-driven approaches is a standard for success. The future belongs to leaders who make strategic decisions based on solid metrics.

Identifying Operational Blind Spots

Hidden inefficiencies abound in operations that lack the data tools to identify them. The restaurant industry faces several sources of margin erosion, such as

To reveal these blind spots, you need more than data. You need an intelligent solution that highlights where opportunities exist, so your team doesn’t have to waste their valuable time and energy combing through rows and columns of data for insights. Many of your competitors are swimming in data but starving for insight. The right software will serve your data in digestible bits that you can dig into more deeply for additional insight, empowering you to quickly and efficiently take action in areas where you can have the greatest impact.

Today’s restaurant management software can collect and analyze data from across your organization, including budget, scheduling, inventory, purchasing, and sales data, and organize it in a wide array of reports and intuitive dashboards. With the right back-of-the-house (BOH) insights, restaurant operators can easily identify inefficiencies and devise strategies that drive profitability.

 

From Lagging Metrics to Real-Time Decisions

Traditional static reports show you what’s already happened, but they don’t provide the forward-focused insight you need to succeed in today’s increasingly competitive landscape. To thrive, you need more than accurate numbers; you need real-time visibility. Fresh data that’s promptly delivered and structured in ways that are easy to understand lets you identify issues before they have time to grow into larger, profit-draining problems and spot opportunities to improve your operation as they arise.

 

Democratizing Data to Elevate Every Level of the Operation

Data doesn’t belong in the boardroom alone. District managers, store leaders, and even shift supervisors need access to restaurant analytics software tools that are tailored to their roles. Having the right systems in place fuels smarter and better aligned decisions from the top down and the ground up. Store managers need restaurant-wide insights to effectively manage hiring, training, inventory, quality control, and guest experience, and district managers need these data to ensure a consistent dining experience, optimize efficiency, and target areas for improvement across stores. When every leader shares a common language of data, coordination improves. Further, encouraging teams to regularly explore and question the numbers creates a culture of curiosity that can drive continuous improvement and long-term adaptability at all levels of the company.

 

Future-Proofing Through Insight-Driven Agility

Well organized, real-time data has become an indispensable tool for restaurants today. It doesn’t just help you manage the present; it helps you prepare for what’s next. Whether it’s a labor shortage, shifting customer trends, or supply chain disruption, the right software will provide the foundation you need to pivot and thrive in the face of change.

 

The Rosnet Advantage for Multi-Unit Restaurants

Rosnet’s integrated multi-restaurant management platform gives operators a 360° view of their companies, allowing them to visualize the data in ways that fit their needs, their goals, and the way they do business. Rosnet’s dynamic dashboards and customizable filters let you

  • Track inventory in real time to reduce prep waste and optimize food management
  • Forecast labor needs and adjust schedules based on real-time sales trends
  • Use seasonally adjusted comparisons to predict and navigate fluctuations in demand
  • Drill down into customizable budget-to-actual reporting to track important financial trends
  • View store-level benchmarks and trend analysis for cross-location comparisons, allowing you to target coaching, streamline operations, and set clear and consistent expectations across every site
  • Maximize efficiency at both a granular and an organizational level

If you’re ready to stop guessing and start taking control of your restaurant’s profitability, join the growing family of Rosnet clients.

 

Jason Edone

Jason Edone

Director of Product Management