P.F. Chang’s Guyana, a renowned international restaurant chain, sought a comprehensive review of its inventory management practices to enhance operational efficiency and profitability. The focus was to analyze key metrics such as sales, food costs, wastage, and store variances to identify trends and areas for improvement.
Challenge Overview
The challenge was to conduct an in-depth inventory review over a specified period, providing actionable insights into critical areas like sales breakup, top sales and costs, food cost components, and wastage trends. Additionally, the assessment needed to address issues related to complimentary items and significant store count variances, which were impacting overall inventory control. The complexity of managing a dynamic inventory system in the fast-paced food and beverage industry added further intricacies to the task.
Result
The inventory review provided P.F. Chang’s Guyana with a detailed breakdown of sales, costs, and wastage, offering clear insights into areas for optimization. Key findings included strategies to reduce food costs, minimize wastage, and improve management of complimentary items. By identifying and addressing significant store count variances, the review helped streamline inventory processes, enhance profitability, and establish a stronger foundation for efficient operations.
Project Information
Client:
P. F. Chang's Guyana
Location:
Guyana
Website:
https://www.pfchangs.gy/
Service:
Supply Chain Solutions
