Restaurant Analytics
Loss Prevention To Reduce Shrink & Improve Margins
Protect your Profits From Preventable Loss
Every restaurant experiences some level of loss – fraud, theft, waste, compliance issues, and inefficient processes that eat into margins and hurt profitability. Restaurant loss prevention strategies involve addressing these issues as they occur and taking steps to prevent them in the future.
For your restaurant, the line between profit and loss is razor-thin. Protect your hard-won profits using data analytics to automatically flag activities indicating preventable loss, all while improving margins, increasing sales, and ensuring a consistent customer experience.
- Detect internal theft by automatically flagging suspicious voids, transfers, and comps
- Flag indicators of external theft like gift card fraud and promotion abuse
- Confirm suspicious behavior with video of the transaction
- Compare food cost trends to item sales to identify variances
- Use food cost data to assist with menu engineering and pricing to maximize margins
- Monitor employee meals and other comp'd items for out-of-policy discounting
- Compare employee performance metrics to identity high and underperformers
- Revise hiring and training practices to minimize turn-over costs
- Analyze sales by day, channel, and daypart to optimize scheduling
- Identify recurring problems and define potential causes and acceptable follow-up
- Validate that every issue has been appropriately addressed in the field
- Track the success of limited-time offers (LTOs) and other promotions
- Increase order size with targeted upsell techniques
- Streamline ordering, cash handling, cook times, and payment processes to reduce wait times
- Set realistic goals and tailor training and processes to the needs of the business
Measurable Results. Fast ROI.
Cutting-edge loss prevention teams are expanding their purview beyond traditional theft and fraud to tackle restaurant loss in all its forms. With Agilence, our clients can easily pinpoint concerns about preventable losses and quickly prescribe a solution.
Build Your LP Strategy
Whether you run an established chain or an up-and-coming restaurant, ignoring preventable sources of profit loss can derail the outlook of any business. A successful restaurant LP strategy revolves around two things:
- A data-centric approach to understanding your main sources of profit loss
- A detailed action plan that breeds targeted analysis, follow-through, and communication
Selecting the right tools and knowing when to collaborate are important steps towards achieving measurable results. To get you started, we’ve outlined 9 Steps to Building an Efficient Restaurant Loss Prevention Plan.
Turning Data Into Smarter and More Profitable Restaurants
Join JoAnn Yoder, President & COO of Brumit Restaurant Group, as she discusses how ...
Goodbye, shrink. Hello, profits.
See how we help companies reduce shrink and improve margins by reducing preventable loss with data & analytics.