The menu item analysis keeps track of the cost and selling price along with the profit margin for every item sold and purchased. This report tells you which step to take after a thorough analysis
Using Data of the sales metrics. You can also read the profitability of every product and rank it against all others to further categorize them. You can put the menu items in defined categories as per their popularity like star, premium, medium opportunity, etc. These category labels provide suggestive titles for the staff to understand the specific menu items. Further by accepting how to work promotions and adjusting prices, you will be able to take wise decisions to grow your profit.
The report card is a means to empower restaurants and small businesses to use the traceable data that gets collected each day. Practical restaurant owners leverage such reports and their data to take wise growth-related decisions to study the bigger picture of the business they own. Such analysis can be automated using some tools built-in with the POS systems used to track inventory, manage payments and record sales.
A fully digitized analytics report system can ease your operations and help in restaurant management. Altametric's software incorporates tools like accounting and operations in a single cloud-based platform. This can be integrated with the POS system used by you, the vendors hired for food and beverages, the payroll providing companies and the banks as well.