Quick-service restaurants (QSRs) sometimes struggle to manage their inventory throughout the supply chain, which creates inefficiency, waste and missed opportunity. At the store level, if you have too much food on hand, it’ll spoil and must be discarded—yet if inventory is too low, you jeopardize your reputation and risk losing business to any of the thousands of competitors in this fierce, saturated market. Further up the supply chain is a different set of challenges. You have to carefully manage relationships with vendors, distributors, farmers and food suppliers to take advantage of financial incentives and to minimize missed opportunities.
Understandably, inefficiencies in your supply chain can seriously damage your business. In fact, dysfunctional or under-functioning supply chain operations result in billions of dollars of lost sales annually across the industry. Here are a few examples of how these missteps can lead to major headaches:
- Inadequate tools create forecasting failures, which result in incorrect decisions from suppliers.
- The lack of inventory visibility at the supplier, distributor and restaurant level causes inventory waste and/or supply shortages.
- The inability to monitor supply channel performance prevents solicitation of bids on certain supply channels.
Create a Data-Driven Supply Chain
For each of the above scenarios, the solution seems straightforward: Leverage your company’s data to inform and streamline the supply chain. In practice, however, the answer isn’t so clear-cut. Across your organization, from purchasing and franchise relations to operations, each team independently gathers and analyzes the data they need for their day-to-day operations. With so many disparate sources of data, it’s nearly impossible to see the big picture your data paints. Thus, the proverbial right hand may not always know what the left hand is doing. This results in lost revenue and discounts, and it hinders your ability to achieve the just-in-time inventory levels that fast-casual dining demands.
At Clarity Insights, we understand the complexities of the QSR industry and the numerous challenges your business faces. Our team has decades of hands-on and advisory experience in fine-dining and fast-casual restaurants, as well as in managing supply chains and operations. By combining that experience with our expertise in using data to unleash valuable, actionable insights, we’ve devised a groundbreaking data solution that represents a breakthrough in the QSR space.
QSR Supply Chain Control Tower
Leveraging our knowledge and industry insight, we designed the QSR Supply Chain Control Tower solution. It offers advanced capabilities critical to streamlining your supply chain:
- A robust data integration framework to process data from multiple sources, including vendor, internal and even legacy databases—as well as flat files from multiple sources
- A best-in-class data model that captures industry standard KPIs, giving you insights at the speed of business
- Self-service reporting and analytics and pre-built reports that leverage a common supply chain model, allowing business users to mine data for additional insights
These features allow you to analyze all of your data and extract actionable insights from it. From the supply chain to demand forecasting, you’re able to make decisions with a bird’s-eye view of your entire enterprise, giving you visibility into the end-to-end processes. Our solution focuses on rapid deployment, to allow actionable insights in the shortest time possible, thanks to best-in-class data modeling, a robust data integration framework and pre-built reports that focus on core metrics like inventory totals and forecasting accuracy.
Capturing, integrating and analyzing your supply chain data provides much-needed context for your business. Separate data sources prevent accurate and timely decision making. But with a solid infrastructure and complete and integrated data, you’re able to see the supply chain, end to end. Finally, you can nurture key relationships, manage your inventory levels at a macro or micro level, and capture sales at a granular level. With capabilities to better anticipate demand, assess risk and track your KPIs, Clarity Insight’s QSR Supply Chain Control Tower provides visibility into your supply chain and delivers real-world results.