Author: Orderly

Say “BIG DATA” to a restaurant owner… And they’ll likely say “BIG DEAL”… as in “who cares”? Unless that big data can translate into BIG MONEY… then you have their attention. Here at Orderly, we’re knee deep in big data every day.  Specifically BIG PRICING DATA.  Like the pricing data gathered from thousands of restaurants who are paying their suppliers every day. Pricing data on key ingredients… stuff everyone buys… every week… from the same suppliers. And we took a look at over 437,013 restaurant supplier purchases last month… these were real purchases made by over 4,100 restaurants in the US in the last 30 days… And this BIG DATA had some BIG PRICING revelations… it’s the stuff you can use to run a more…

If you wanted to know the state of supplier pricing in the U.S. what would you do? That’s the question we asked ourselves here at Orderly. And our solution was simple… use the information we’ve gathered in the Orderly app to pull together a report on supplier pricing. So we analyzed 357,806 supplier purchases from over 4,100 restaurants in our system. Here’s what we can tell you about pricing. WHAT WE DID First, we had to set up parameters. After all, it’s no use analyzing 357,806 supplier purchases if the data wasn’t going to be statistically relevant. So we only included ingredients that had a minimum of 10 purchases… from 10 different suppliers… and 10 different restaurants. Oh, and did we mention it all had to have…

Wouldn’t it be nice to see exactly where you food costs have gone up? And on top of that, it would be helpful to see if what you’re paying is similar to what other restaurants are paying… if you’re getting fair market price, in other words. Well, you’re in luck… We analyzed over 357,000 purchases from invoices submitted through the Orderly App from April 1 – 30. Our goal? To find the areas of biggest prices increases. And, boy… did we find them. In fact, one area that showed the most dramatic price increase in such a short time period was produce. So we pulled the Top 5 Movers for Produce to give you a peek into what’s happening. The following graphs show you the starting…

Managing food costs can be a game of hide and seek. Sometimes you know what you’re spending… and sometimes you have no idea. But you just can’t ignore it. After all, food spend represents 1/3 of your business’ success. So how do you master the food costing game? Sometimes it’s the little things that can make a big difference… like digging into the details. In fact, we’ve found 3 overlooked factors that contribute to food costs. And we’re breaking them down for you.