Manage on the Go - 5 F&B Data Types, business owner should keep track continuously in a day

by LiLi | Oct 10 2018
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We all know that F&B is one of the most complicated business models. It calls for your throughout and frequent monitoring, especially in business data to have on-time decisions; so what most important data you should keep track continuously in a day?
Manage on the Go - 5 F&B Data Types, business owner should keep track continuously in a day

#1 Total Sales: of course, this is the most critical data. Having the total sales value number will support you to control store performance, and make necessary decisions if having unusual changes in the figure. 

#2 Sales by Cash, Credit Card: to have the general view of the available cash status of your business. Having this number will assist you in operational actions such as purchase stocks, or pay cash salary and other invoices.

#3 Sales by Hour of the Day: to have the general picture of high-traffic and low-traffic at your F&B stores. This statistics is essential for the immediate implementation of promotion programs or Happy Hour programs.

Manage on the Go - 5 F&B Data Types, business owner should keep on track continuously in a day Morning

#4 Queue: to double-check before confirming reserved tables or run the quick promotion for table reservation in the near time. 

#5 Nearby Out-of-stock Inventory: to fulfill the stock immediately and avoid the affection for sales.

Manage on the Go - 5 F&B Data Types, business owner should keep on track continuously in a day Lunch

Be flexible, and be always ready for changes to have the quick & on-time decisions by leveraging new opportunities or minimizing losses; in-the-end to grow your F&B Businesses. That why you need to monitor these kinds of data secondly!

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