Improving F&B merchants’ business insights
KUALA LUMPUR, July 23 (Bernama) -- There are many aspects of business operation that keep F&B merchants up at night and one of the biggest problems is the stocking level of their inventory. Knowing what ingredients to stock is usually a guesswork. VMO is partnering AI Collective, to offer ARKANA. ARKANA provides predictive analytics of next week’s sales to F&B merchants, eliminating the guesswork. As a result of fore-knowledge, this will reduce wastage and improve profitability.
“Over last 4 years, we have worked with many F&B merchants and come to understand the challenges that they face. We were wondering what else could we do to help them, apart from bringing events into their outlets. We saw that many did not have a system in which they would know what next week’s orders would be like, so they could not accurately stock their inventory. Sometimes this results in lost opportunity, when a certain ingredient runs out. Sometime it results in wastage, if less people order a food item. And that’s what this partnership with Arkana addresses. The best part of it is that Arkana will be offering the use of their predictive analytics solution free to VMO merchants,” said Vincent Kok, Chief Eventgelist of VMO Rocks Sdn Bhd.
“Our users, ranging from chain restaurants to individual outlet owners, have experienced an improvement in reducing their food wastage and predicting of their future sales. Arkana simplifies the process of data analysis and data management from months to a mere few clicks, allowing our users to understand their business a lot better and optimizing their productivity to a whole new level,” said Aloysius Liang, Chief Executive of AI Collective.
Early users of ARKANA have managed to reduce food wastage to below 2% and benefiting from an accurate predictive analysis of as high as 86% accuracy
Arkana is now available free to all registered VMO merchants.
For more information, head on to vmo.rocks.
About VMO
VMO is an instant booking platform for event venues and services with over 2,000 merchant listings across Malaysia on their site, covering event spaces for a wide range of 'life events' including birthday parties, graduations, wedding receptions, baby showers, corporate events, product launches, office meetings, and more. Having generated over RM150 million worth of inquiries, the platform also lists supporting event services to liven any occasion.
Users can do a free form search, or by “event / service category”, or even by “location" to filter out the event niche they are looking for, then get a free quote, and compare rates before placing their booking. Venue and Service operators can rely on VMO’s listing & booking platform to make their offerings known.
About AI Collective
AI Collective was founded in 2016 by Aloysius Liang, along with Alan Yudhahutama, with the goal of democratizing the healthcare industry and achieving transparency within the system. In 2018, AI Collective launched Arkana for the Food industry, and today, it is currently applied by more than 1,750 outlets.
http://mrem.bernama.com/viewsm.php?idm=35061
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