Why Big-Name F&B Chains Are Using A Platform Made By A M’sian Who Failed In F&B Himself
Published 14 February, 2019
The way Food Market Hub works is by acting as an easy-to-navigate platform that connects F&B outlets to their central kitchens and product suppliers, cutting through the clutter of having to go through multiple channels of communication and saving precious minutes that eventually add up significantly.
The flow goes as follows:
1.F&B restaurants (cafes, restaurants, etc.) place orders for ingredients or other supplies.
2.Purchasers in charge either approve, alter, or decline the orders.
3.The Food Market Hub platform sends out approved orders to central kitchens or third-party suppliers.
4.Central kitchens and third-party suppliers receive orders and then deliver them.
5.Central kitchen inventories are auto-updated.
6.Orders are received by outlet staff and outlet inventories are automatically updated.
7.Costs are also automatically imported into buyers’ accounting systems without having the need for manual input.
Speaking about tackling problems in the supply chain, Anthony said that one of the biggest issues with traditional F&B management is the lack of data that businesses can use to assess their ordering, usage, and spending habits.
He suggested that oftentimes the downfall of a food business is down to managers and owners not realising just how much they’re spending and eventually getting caught unawares.
Source from Vulcan Post