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An innovative approach to transform your F&B productivity

Increase your F&B business productivity and lower operational costs.

PCSPOS
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An innovative approach to transform your F&B productivity

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  1. An innovative approach to transform your F&B productivity Presentation by Prima Computer Systems

  2. In the past few years, Singapore’s F&B Industry have grown and evolved tremendously, fuelled by higher demand both within Singapore and from other ASEAN economies. A large number of entrepreneurs have come up with different type of innovative products and solutions into the food industry. Although starting a business in the food business is a much easier staying relevant and competitive on the long term and making a return on investment and profit from it have become very challenging.

  3. Current Status of F&B Industry • It has become common to see many F&B establishments vanishing and shutting down within a short time period. • This is why it’s enormously important for most experienced F&B industry professionals to face the challenges associated with such an endeavour and to come up with innovative approach to address these challenges to transform F&B industry.

  4. Some key challenges faced by F&B sector • Shorter time span of F&B concepts - Depending on customer requirements, technological changes and industry practices there is a need to continuously develop and improve upon new concepts to stay competitive • Increasing cost of labour and labour scarcity - Due to stringent rules it is becoming very difficult to obtain skilled labour • Lack of proper IT and system adaptation - Low adoption of IT and innovative practical technological solutions to streamline F&B business • Difficulties in overseas business expansion - Due to high operating cost, lack of kills and financial resources • Huge initial capital cost - Setting up a retail space requires tremendous capital investment together with high material construction and equipment costs

  5. Some solutions & recommendations to transform F&B industry • Streamline business processes and use automation to drive up productivity – Use F&B sector process automation to compensate for labour shortages • Redesign F&B workflowwith the use of latest technology - Reassign retail staff doing less productive work for more productive work • Process Integration & change management - Integrate people, processes and technology (and data) to improve business agility • Leverage on business intelligence - Advanced BI approaches enabled by cloud computing to obtain F&B business critical information to decision-makers in a few clicks • Expand and enter overseas markets with cloud technology solutions – Support multiple retail business under one holding company • Tap into available & relevant government grants for IT solutions – Pilot new & innovative F&B sector solutions with iDA, SPRING, PIC grants etc.

  6. Solutions by Prima Computer Systems

  7. Visit us for an in-depth demonstration on how these solutions work www.pcspos.com.sg

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