Game Changer: Menu Engineering with AI Tech to Boost F&B Businesses Growth

• Polaris ERP: Where AI, Menu Engineering, and Restaurant Operations Join Forces.
• With a new and user-friendly interface, pinpointing optimal strategies for profit enhancement, cost reduction, and operational efficiency.
• With this solution specially designed for F&B businesses, Tomorrow Starts Now!

Why Polaris ERP for F&B Businesses?

When Somun Restaurant started using this solution, the world was healing from the Covid-19 pandemic. Although this beloved Balkan restaurant was making waves in Dubai since 2012 there were still some operational challenges staying in the way of achieving their full potential. They needed better coordination between front and back-end operations, clearer insights into menu profits, and smoother handling of inventory and deliveries.

Fast forward two years with Polaris ERP by their side, and Somun is thriving. Sales have doubled, operational headaches have eased, and time saved has been poured into serving guests with warmth and care.

“Before using Polaris, there was always a gap between the point of sale, front-of-the-house, back-of-the-house, reporting, and finances. Now, using Polaris is a one-stop solution, offering comprehensive support for all orders, purchases, integration, menu display, and updates. From purchase orders to receiving, menu management, food costs, menu item preparation, product selling, and updates, Polaris handles it all smoothly.

What’s more, you can update your menu across all sales platforms, both in-house and external, which, for me it’s time-saving. I believe that if I had Polaris six years ago, I could have achieved triple sales.” (Amjad Abdi, Somun Restaurant)

Many success stories like this one speak about the impact of Polaris ERP in the F&B industry. Studies by Harvard Business Review (HBR) and Aberdeen Strategy Research confirm the significant boost in efficiency and profits brought by ERP systems like Polaris. According to HBR, restaurants using ERP systems gained 15-20% in operational efficiency, while Aberdeen Strategy Research found that a restaurant ERP can boost profit margins by up to 15-25%.

Polaris Technology goes beyond mere integration between front of the house (FOH) and back of the house (BOH) operations (like inventory management, procurement management, Human Resource, or finance and accounting). It empowers restaurant owners with accurate insights and unique tools to optimize menu profitability. With Polaris, informed decisions are at your fingertips, day or night.

Tomorrow Starts Now: AI-Powered Menu Engineering for F&B Businesses Growth 

Introducing the AI-Powered Menu Engineering software. This unique feature on the restaurant software market delves into the business data that restaurant owners wish to examine, addressing their queries regarding:

• Menu profitability
• Cost efficiency
• Operational optimization 

Tailored to the specific needs and data profile of each F&B establishment, this intelligent technology offers multiple customized options for consideration. By basing recommendations on logic and factual insights specific to the business, decision-makers can trust in their effectiveness and accuracy, ensuring informed choices for enhancing their operations.

Polaris ERP’s AI-Powered Menu Engineering software is designed for efficiency and widely adopted by many of Polaris Technology’s clients. It addresses a key concern for F&B business owners: optimizing menu profitability. By offering clear insights into top-selling items and underperforming ones, considering food cost and recipe management, Polaris ERP aids in making menus more profitable.

It categorizes menu items into Star, Plowhorse, Puzzle, and Dogs based on profitability and popularity, providing actionable suggestions to enhance overall profitability.

These evaluations are done based on the data analyzed from the reports captured from the actual sales ledger, so there is no room for misinterpretation. 

But here’s where the AI magic happens:

Using this classification, AI technology steps in, offering restaurateurs diverse recommendations to enhance profits or reduce costs. For example:

(1) Pairing a Puzzle category item with a Star category item to create a combo;

(2) Highlighting a Dog category item as the Chef’s recommendation to boost its popularity and profitability;

(3) Providing loyalty-based discounts on Puzzle menu items, and more.

More benefits for Restaurateurs Using Polaris ERP

This AI-Powered ERP solution offers additional advantages for F&B business owners. It simplifies operations, automating tasks, and minimizing manual errors. The Point-Of-Sale (POS) seamlessly connects with the Kitchen Display System (KDS) and back-office functions. Consequently, sales entries are automatically transmitted to the accounting ledger, ensuring accuracy and eliminating errors associated with manual inputs.

Furthermore, cost cutting is a key concern that Polaris ERP assists F&B business managers and owners in addressing. The system adopts a logical and methodical approach, leveraging business data to offer optimal recommendations for achieving the ultimate goal: boosting profitability through cost reduction.  

Polaris ERP tackles a widespread challenge in the F&B world: minimizing waste and optimizing production expenses. Its inventory management function guides restaurateurs in efficient stock management, preventing overstocking and minimizing waste from expired products. By identifying slow-moving items and adhering to the first-in-first-out (FIFO) method, the system ensures timely usage of ingredients and notifies users when products need attention.

The incorporation of its POS with online delivery apps enables F&B establishments employing Polaris ERP to streamline order delivery, thereby enhancing operational efficiency and freeing up time for new orders and customer service.

As F&B enterprises expand, Polaris ERP excels in harmonizing data across multiple branch locations, providing a centralized platform. This effectively addresses the challenge of time-saving by consolidating data from various locations and software programs. Polaris Technology’s solution offers a swift and intuitive method for managing multiple F&B outlets within a unified platform.

“One thing we know for sure is that the F&B industry will continue to evolve, and this will impact people’s behaviors on how they order, or how they pay for food and drinks, either on-site or from home. Currently, it is technology that tries to keep up with this evolution, but what we aim to do is continue to learn from the industry and predict future changes, developing the technology to support F&B businesses for the future of culinary mastery.” (Ali Payandenick, CEO of Polaris Technology).

Polaris Technology is currently working on this goal, developing new features and integrating with multiple technologies, so that they can make life easier for restaurateurs. Polaris ERP’s user experience is pivotal to time optimization in the fast-moving scene of restaurant management. This is why the system has been redesigned to enable users to process tasks intuitively and save time.

Polaris Technology is a leading force in providing AI-powered ERP solutions, specifically designed to support the growth of F&B businesses. The company doesn’t just create software but curates experiences that empower F&B establishments to thrive and flourish.