Every season has its signature flavors, local specialties and guest cravings ― and as Starbucks demonstrated with its relaunch of its pumpkin-spice latte in August (when much of the U.S. was still sweltering in temperatures in the 80s and 90s), you have a number of weeks before and after the season to build momentum around a menu item’s comings and goings. Tapping into your POS data can help you capitalize on remaining seasonal ingredients in your inventory as you make way for foods that will help you build your next seasonal menu. Use it to pinpoint which ingredients you’re using in each dish and how quickly you’re using them, which can help you plan upcoming specials and avoid disappointing guests looking for a particular item. If you have a surplus of apples this fall, for example, try creating a special, low-priced menu item around them that you won’t be offering for much longer. Limited-time offers (LTOs) can not only help you use up this season’s inventory but also bring loyal guests back and get them excited about what’s coming next. As David Portalatin, food industry adviser at NPD, told Marketwatch, “A well-executed LTO can boost sales and serve as a competitive edge for restaurant operators and help food service manufacturers test new products and concepts.” Use the weeks before your menu changes to promote future items: Share samples with guests, collect feedback about what’s going over well and what needs adjustment, and consider offering an on-trend promotion that will bring guests back when you launch next season’s menu.
Imagine craving your favorite sandwich from a local quick-service restaurant on your way home from work, and as soon as you drive into the lot, the restaurant takes a photo of your license plate and can use that image to pull up past orders you have pre-programmed with them. As a result, you can bypass the drive-thru line of customers who don’t yet know what they want and instead collect your order at a separate window and be on your way. As Aaron Allen, founder and chief strategist at restaurant consultancy Aaron Allen & Associates, told Forbes, “There’s a big profit bump just by shaving seconds off drive-thru orders.” Leaders in the space are catching on ― watch for similar benefits to come from McDonald’s in the wake of its acquisition of Dynamic Yield.
In a effort to consolidate our efforts, we will be transitioning this site to https://www.foodserviceupdates.com/
This change will take place on or near November 24, 2019.
We will offer the same great content that we have always provided.
What’s your challenge? Whether you need help developing recipes and concepts, analyzing food costs, fine-tuning purchasing, planning a marketing campaign or managing another aspect of your business, we can provide guidance tailored to your needs. Contact Team Four at email@example.com or 888-891-3103 for more information.
About Food For Thought and Profit
Food For Thought And Profit is brought to you by Team Four Foodservice/Value 4. We offer the latest foodservice trends, news, safety, and technological advances in the industry. We are an outsourced purchasing and logistics company that provides comprehensive supply chain solutions to our customers. Our executive team has many years of foodservice experience and we bring that experience to work for you. We have expertise in all areas of the foodservice sector.