Data-Driven Decision Making: Leveraging Analytics to Optimize Menu Design and Pricing

Foodservice Forward

Data-Driven Decision Making: Leveraging Analytics to Optimize Menu Design and Pricing

This session focuses on how analytics can transform menu design and pricing strategies for maximum profitability. Participants will learn how to gather and interpret key data points, such as sales performance and customer demographics, to make informed decisions. The video emphasizes the importance of using data to identify pricing sweet spots and fine-tune offerings to align with customer preferences. Understand the tangible benefits of a data-driven approach, from improved revenue to enhanced customer satisfaction. Attendees will also discover tools for visualizing data and forecasting future trends.

Key areas covered

  • Gathering and analyzing data to optimize menu design.
  • Identifying pricing sweet spots through analytics.
  • Tools and techniques for visualizing and forecasting trends.