Jeremy Julian
Jeremy Julian
Welcome back! This is the final installment of our three-part series on Restaurant Technology Trends. Today, we we’ll be discussing the practice of Just-in-time (JIT) inventory. (Please click on the links if you missed our previous posts about the Internet of Things (IoT) or Big Data). Just-in-time (JIT) inventory is just as it sounds! A JIT management system is one in which materials and products are produced or acquired ONLY as demand requires. After all, maintaining inventory takes time and has associated labor costs as well. But when you can continuously track what has been used and what remains in storage, you can make well informed choices when placing orders. You don’t want to tie up capital in inventory unnecessarily, and you don’t want toContinue Reading …
Welcome back! Today we’ll be discussing the power of big data, as the second installment of our three-week series on restaurant technology trends. So what is big data? You might get different answers from different people, but here’s a basic one-sentence definition that sums it up fairly well: Big data is a collection of data from traditional and digital sources inside and outside your company that represents a source for ongoing discovery and analysis. This means that web behavior, social media interactions, financial records, transactions, call center information and point-of-sale, are all inputs to big data. All these metrics, brought together, are what puts the “big” in big data. The wealth of data that can result is amazing! By compiling and analyzing these dataContinue Reading …
