Restaurant and Food Service Solutions
Transcript:
Restaurants and Food Service companies, along with their network of suppliers and logistics providers, work hard to provide the highest quality products and value to customers every day.
To achieve this and stay profitable and competitive, their supply chain operations need to be highly responsive and efficient.
This is a major challenge in a highly complex industry, often involving hundreds of trading partners and locations.
Companies often struggle to keep up with shifting customer demand, preferences and sudden environmental changes.
They have to deal with food safety and recall issues.
They need to optimize inventory to meet demand without carrying excess inventory that leads to waste.
And finally, they need to fully capitalize on Limited Time Offer placements to maximize returns.
One Network Enterprises helps with all these challenges, by using restaurant level Point-of-Sale data to create an item and distribution center level forecast as often as needed.
One Network’s machine learning and intelligent agent technology, NEO, automatically monitors the point-of sale signal for any anomalies and continuously makes demand and supply adjustments, daily or hourly, to ensure the highest customer service levels while minimizing inventory and waste.
Autonomous forecasting ensures unprecedented forecast accuracy in the high 90 percent range – substantially higher than industry averages.
In addition, NEO agents automatically learn and take into account external factors, such as weather patterns, that affect restaurant traffic and demand.
Companies no longer need to worry about handling ever-changing menu items and recipe proportions, or making tedious and inaccurate estimates.
The platform’s recipe management model simplifies managing menu items and recipe proportions, while NEO agents automatically determine the exact quantities and when they are needed to ensure availability of the right ingredients at the right time.
One Network’s Chain of Custody solution enables Product Quality Assurance teams across partner companies, including distributors, suppliers and logistics providers, to easily track high risk food products across the supply chain.
And if and when necessary, QA staff can respond quickly to initiate targeted recalls that correctly identify the product to be recalled, minimize the impact on customers, and optimize the logistics costs.
With a network-based supply chain platform, every member of the supply chain benefits.
Distributors and vendors now also have the ability to operate with accurate long-term forecasts so that they can plan their procurement, production and distribution more effectively.
In the past, this process was based solely on historical data, which often produced incorrect forecasts.
The AI-driven models available today ensure the smooth flow of supply, minimize inventory and waste, and reduce resource and carrier spikes.
There’s no reason to wait.
Transform your supply chain, improve margins and increase service levels across your operations with One Network.
To learn more, visit our website today.
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