Your cost improvement strategy is on solid ground if based upon restaurant profits and brand positioning relative to the competition.
The purchasing supply-chain contribution to your business should be driven by activities that contribute to the cost positioning of your chain.
Ideally, the involvement of purchasing and R&D, working with marketing and operations in part of your performance management process. This interactive dynamic sets the stage for overall spend and menu success.
If you don't have the resources on staff, consider outsourcing as a tremendous and affordable solution to drive your business to the next level of efficiency.
The really great restaurant chains excel at the Value Improvement Process and you can too!
Start with these 4 basic steps:
- Identifying key areas of investigation
- Set appropriate cost targets
- analyze options in each area
- secure resources to complete the work
The process we use with emerging chains or franchising organizations is to form small groups knowledgeable about specific areas of the business. Then, during monthly meetings or via online webinars, ideas are discussed and the best are presented to senior management.
If you would like to discuss the challenges facing your foodservice business or would like to learn about our Free spend analysis, give us a call today....It's Your Money!
To Higher Profits! Fred
Fred M. Favole, is Founder & CEO of Strategic Purchasing Services (SPS) the industries most experienced consulting firm specializing in "outsourced" purchasing management. Office: (912) 634-0030, ffavole@hotmail.com
