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Provide a realistic solution for how they can increase their 1. financial capability and 2. operation I am working on consulting a business which is
Provide a realistic solution for how they can increase their 1. financial capability and 2. operation
I am working on consulting a business which is my project: here are some information about the company.
- Store Location Riches Kitchen is situated in a weekend market hence the operating hours are limited.
- No established work process flow from procurement to operations.
- Riches Kitchen is struggling to find a niche in London's diverse food market for future growth.
- No operational system that supports the company's day-to-day operations such as point of sale (POS), accounting and inventory. The manual operation currently in place is tedious and prone to human error.
- Longer turnaround time on orders due to limited space. This negatively impacts customer satisfaction and discourages repeat customers.
- Limited financial capacity to expand business operations poses challenges, including overhead expenses and new product launches.
- Lack of marketing strategy such as selling frozen food without customer awareness.
- Addressing how to adapt menus and inventory to seasonal ingredient fluctuations in Chinese cuisine.
- Kitchen equipment is not enough to accommodate all customer orders simultaneously, especially during peak hours.
- Inadequate staff training and zero work experience in the food industry.
- Underutilized staff during kitchen downtime.
- Limited product supply as only Mike knows how to make the secret ingredients for the food
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1 Financial Capability a Optimize Operational Efficiency Implementing an integrated operational system including a POS accounting and inventory management system can streamline processes reduce manual ...Get Instant Access to Expert-Tailored Solutions
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