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All that purchasing data can be combined and put to work on behalf of the operator. By creating a dashboard, operators can uncover a lot of information that can be used for contract negotiations, pricing calculations, inventory assessments, and overall business intelligence. The massive amount of data, that was once almost impossible to analyze, can now be cleaned, organized and integrated, leading to tremendous insights and predictive analytics.
Insights obtained from data can mean the difference between success and failure. Having access to all this data enables companies to increas operational efficiency and improve overall planning and financial opportunities. On a micro scale, data supports menu planning, efficiency of staff, and decreasing operational costs while increasing profits. On a macro scale, this data can help establishments determine where to expand their brand with the least risk and the greatest reward.