MealTech Advanced meal planning technology optimizes inventory management, reduces overproduction, and minimizes food waste
MealTech is an innovative business analytics tool designed to tackle food waste and boost profitability for restaurant chains. By leveraging advanced data analytics, MealTech provides accurate sales forecasts and efficient HR management solutions, enabling restaurants to anticipate sales, refine their menus, and improve staff scheduling. This results in reduced food waste, lower operational expenses, and enhanced customer satisfaction.
Problem Statement
Food chains often prepare food based on estimates, leading to a significant amount of waste. Overstaffing is a common issue due to limited communication between branches, resulting in excessive scheduling of employees. The inclusion of wasted food in restaurant expenses contributes to higher food prices, reducing accessibility for potential customers. These inefficiencies can be seen on a larger scale in the US, which discards more food than any other country globally. To address these challenges, improved communication strategies and better forecasting methods should be implemented within the food chain industry.
Problem Objective
Introducing our cutting-edge precision sales forecasting and efficient HR operational management system specifically designed for restaurants. This game-changing solution utilizes advanced analytics to accurately predict sales, optimize menus, and streamline staff deployment, effectively minimizing food wastages, maximizing profitability, and elevating the overall dining experience. With real-time data insights and seamless integration with POS systems, this innovative system empowers restaurant owners to make informed decisions for operational efficiency and financial success.
Our key features
Key features refer to the essential characteristics or attributes that define a product, service, or project
COARSE-GRAINED MEAL FORECAST
- The system accurately predicts the sales for the next week and the next month, which will help you budget your monthly and weekly plans. The prediction is performed by taking into consideration historical sales, national events, time, weather conditions, and trending features.
FINE-GRAINED FORECAST
- The solution accurately predicts sales at day and day-part level which will help you plan the daily routine of employees.
EFFICIENT STAFF DEPLOYMENT
- Streamline staff deployment with intelligent scheduling and resource allocation, enhancing operational efficiency and reducing HR costs.
OPTIMIZED MENUS
- Tailor your menus based on precise sales fore casts, ensuring optimal inventory management and customer satisfaction.
What will we achieve?
Through harnessing advanced data analytics techniques, we have successfully achieved a remarkable 15% reduction in food wastage, optimizing staff allocation to reduce HR costs by over 15%. This has led to a substantial decrease in operational costs monthly, allowing for more accessible food prices and increased footfall. Our solution not only contributes to sustainability efforts by minimizing food wastage and promoting responsible resource management but also saves the manual efforts of senior resources, advancing digitization. With accurate forecasting and staff optimization, customers enjoy a consistently superior dining experience with reduced waiting times, improved service, and fresher food. Ultimately, these improvements translate to an increased profit margin responsibly.
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