WOOHOO, the world’s first restaurant operated by an AI-driven chef powered by a large language model, was officially launched in Dubai this year! The AI chef, developed by a UAE technology company UMAI, is named Chef “Aiman” which connotes the combination of “AI” and “Mankind”. Involving in a wide aspect of restaurant operations, ranging from menu design, dining experience, environment to customer services, Chef Aiman will be leading the restaurant's operation team to continuously improve restaurant quality with unprecedented innovative ideas.  How does AI Chef collaborate with restaurant operation and culinary teams? As a large language model with continuous learning ability, Chef Aiman not only consolidates thousands of global recipes, cooking techniques, flavour pairing and nutrition science, but also absorbs and evolves with various food reviews, global dining trends as well as actual customer feedback. By analysing seasonal ingredients, customer preferences and food trends, Chef Aiman assists WOOHOO in enhancing their menu and recipes with innovative cooking ideas. Chef Aiman’s creator emphasizes that the purpose of AI Chef is to complement human cooking by maximizing the merits of both human and machine through combining culinary team’s rich experiences and artificial intelligence rather than to supplant and replace any human element of cooking in the kitchen with AI. The team expects both humans and AI can work hand in hand to bring dining experience to the next level.  During the recipe creation and actual cooking process, Chef Aiman provides the restaurant team with various innovative recipes and directions for creation. After getting new ideas from Chef Aiman, WOOHOO’s head chef will conduct flavour pairing and adjustments before any new dishes are prepared and officially served to customers by the culinary team. The whole cooking process will be completely conducted and monitored by the culinary team to ensure the food is safe and qualified. This fusion of "artificial intelligence" and "human creativity" can undoubtedly create a delightful dining experience that stimulates customers' taste buds. What else is special about the AI Chef? Noteworthily, WOOHOO’s AI chef has built-in eco features which enable it to design recipes that can re-use ingredients that are often discarded by restaurants such as meat trimmings or fat, to minimize food waste from the source. It is expected that this green AI technology can not only foster WOOHOO’s sustainability, but also inject new ideas and directions of AI application into the F&B industry as a whole. Most interestingly, Chef Aiman is a powerful promotion tool for WOOHOO as well with its powerful database and learning ability. To make some noise, the restaurant has started a channel for Chef Aiman in various social media platforms like YouTube to share Aiman’s unique insights on ingredients, flavours, F&B tech and more, arousing quite a lot of attention online! Is AI-driven restaurant management becoming a trend? Apart from AI Chef, the F&B industries around the globe, including Hong Kong, have been exploring different AI technologies and automated systems that can be applied in various aspects of restaurant management to enhance customer experience, operational efficiency and cost control. For example, a locally developed restaurant procurement system, FOODIVAL, has developed an AI-powered invoice reconciliation feature that can assist F&B procurement teams in automatically extracting and verifying content of different supplier invoices. It can quickly identify any discrepancies, which significantly enhances accuracy and efficiency of the matching process by reducing workload and processing time up to 70%! Moreover, the system also enables the frontline staff to perform good-receiving processes by using their mobile phone with ease. They can simply take photos of goods delivery notes and upload them to the system. The system’s built-in AI optical character recognition (OCR) feature can recognise text on the documents uploaded within seconds, streamlining the daily good-receiving processes and alleviating the burden on the frontline by minimizing data entry and administrative work.  With the rapid development of F&B Technology and intense competition among the industry, timely digitalization has become more essential and necessary than ever before in order to maintain and even accelerate the competitiveness of your restaurants. If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting profitability, please don’t hesitate to contact our system consultants for a free system consultation and demo session here !

For the local F&B industry, 2025 remains a challenging year due to an unstable economy compared to the pre-pandemic era. Meanwhile, many local residents flock to China for cheaper dining and shopping, or choose to travel abroad during holidays. This trend also brings negative impacts on local businesses, leading to a wave of closures in the local market. According to local media, over 290 shops and restaurants have closed or are about to close in the first half of 2025, with nearly 200 of those related to F&B industry. This includes small restaurants, time-honored brands and well-known chain restaurants such as Taipan Bread & Cakes, Ocean Empire Congee Shop, Seaview Food Shop, and the Dao Cheng Taiwanese Restaurant under the Tai Hing Group, accounting for nearly 70% of all closures. In the face of such a severe business environment, how can the F&B industry turn crises into opportunities? 💡 Analyzing the Causes of Closures  Mainland-Bound Consumption 🛒 Many Hong Kong residents are attracted by the innovative shopping and dining experiences with affordable prices in the Greater Bay Area, causing an irreversible trend of “Mainland-Bound Consumption”. This phenomenon has evolved into a regular habit or even a ”must-do” item during regular weekends or holidays for many. Although research from The Chinese University of Hong Kong indicates that over 80% of Hong Kong residents' spending in mainland China is on daily services, which does not significantly impact local consumption on retail and dining. However, this habitual “Mainland-Bound Consumption” is undeniable, which directly leads to a substantial decrease in foot traffic in Hong Kong during holidays and weekends, causing certain negative impact on the F&B industry’s sales revenue, which can not be neglected. At the same time, other research centers have pointed out that even though mainland tourists frequently visit Hong Kong, changes in tourism patterns, shifting from high-consumption leisure to pure sightseeing, provide limited support for revitalizing the local F&B industry. High Fixed Operating Costs 💰 The   F&B practitioners have to deal with heavy workloads under a fast-paced environment. Apart from high labor costs and various management challenges, their fixed operating costs, including rent and ingredient procurement, are relatively high. In the face of a decreasing customer demand, it is difficult for them to adjust the above costs in the short run, leading to severe operational pressure, with some owners even choosing to close down their businesses to stop the deficit. Although some restaurants attempt to attract customers by lowering prices, the inflexible cost pressures further weakens their profitability, making it challenging for small and medium-sized restaurants to survive. Intense Competition without Innovative Marketing Strategies💥  In addition to fierce competition within the local industry, many mainland chain restaurant brands have also expanded into Hong Kong, intensifying the competitive landscape. Local media estimated that over 60 mainland brands have entered the local market in recent years, including Mixue Ice Cream & Tea, CHAGEE, Luckin Coffee and  Tai Er Suancai & Fish, leading to "Shenzhenization" in certain mainland brands-intensive areas. Moreover, most mainland brands emphasize high-quality service and innovative dining experiences with active promotion through social media and events. This is somehow in contrast to the traditional operational models and negative perceptions of the local F&B industry, gaining more and more Hong Kongers’ attention and favor.  💡 3 Wining Formulas for the Local F&B Industry Active Collaboration and Promotions to Stimulate Consumption 🔥 In the face of challenges, the local F&B industry must unite and work together to revive. Restaurants can actively participate in large joint promotional events organized by local associations or the government, such as the recent "1st July Promotion," to attract both tourists and local residents to dine locally, thereby revitalizing the local retail and dining sectors. The President of the Hong Kong Federation of Restaurants & Related Trades, Mr. Simon Wong Ka-wo, noted that there were over a thousand more restaurants participating and offering promotions during the event when compared to previous years. This is believed to help encourage citizens to dine out, boosting potential increase in revenue by 10%. Innovative and Digital Marketing Solutions to Revitalize Brands 📣 While “Mainland-Bound Consumption” has become a trend, Hong Kongers’ consumption habits are also changing. They often compare local options with those in mainland China, favoring the affordable and diverse offerings available there. To adapt to these shifts and competition, local restaurants must discover new business models and strategies to survive. They can learn from the experiences of mainland restaurants and adapt those practices locally to enhance service quality and dining experiences, such as immersive dining and innovative flavors based on current trends. Additionally, leveraging digital marketing strategies, like promoting on platforms such as Xiaohongshu (Little Red Book), is crucial, helping attract mainland tourists. Notably, Xiaohongshu recently opened its first overseas office in Hong Kong, providing local brands with new promotional channels and ideas. Don’t miss the opportunity to explore it! Accelerating Digital Transformation to Reduce Costs 🖥️ One major challenge for the local F&B industry is the difficulty in lowering fixed operating costs in the short run. To survive an economic downturn, the industry must implement various cost-cutting measures to enhance profitability and ensure sustainable growth. Yet, relying solely on manual cost control and monitoring is insufficient.  Restaurants have to accelerate digital transformation footsteps by adopting a F&B procurement and inventory management system to streamline purchasing workflows and record inventory systematically. With accurate data, they can analyze essential metrics like ingredient and dish costs, wastage and supplier performance etc., allowing for better business strategies and improved cost control. Additionally, they can boost efficiency significantly with systems, such as using built-in AI technology to verify supplier invoices to save up to 70% of reconciliation time, reducing the manpower needed for manual processes and strengthening labor cost management further. 💬 Turning Challenges into Opportunities  Despite a tough business environment, the local F&B industry is still optimistic about the future. Economic challenges and intense competition are actually driving innovation, urging businesses to seek new pathways and opportunities to survive. By leveraging advanced technology to boost efficiency, control costs, develop innovative flavors and implement diverse digital marketing strategies, restaurants in Hong Kong have injected new energy to revitalize the entire F&B industry. However, it is also vital for them to preserve local characteristics while absorbing the new in order to create an unique dining experience with local touch for both Hong Kongers and visitors, regaining Hong Kong's reputation as a "Food Paradise" !  If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting profitability, please don’t hesitate to contact our system consultants for a free system consultation and demo session here !

Given the intense competition and high operating costs in Hong Kong's F&B industry, along with the uncertain global economic environment and ever-changing consumption patterns, the industry is threatened by growing crises and challenges with a wave of closures in recent years. In response, the government proposed a series of supportive measures in its latest Policy Address on September 17, aimed at alleviating the operational pressure on local restaurants. The measures include concessions of fees and charges, streamlined licensing application procedures and more, in the hope of removing barriers for the industry and help it overcome these difficult times. The new initiatives will not only create new business opportunities and expand customer bases, but also reduce operating costs.  FOODIVAL has  compiled a list of key points and measures related to the F&B industry from the Policy Address for our clients. If you want to stay up-to-date on the government's policies and industry trends, don't miss this month's  FOODIVAL Blog!  Provide concessions of fees and charges to alleviate pressure on business operations The Government will reduce water and sewage charges for non-domestic accounts by 50%, subject to a monthly ceiling of $10,000 and $5,000 respectively per account. About 260 000 non-domestic accounts are expected to benefit from the measure. Apart from that, the trade effluent surcharge will also be reduced by 50%, which is expected to benefit about 35 000 businesses mainly in the catering industry. In addition, fees for the first issue or renewal of licences and permits, including those for hawkers, food businesses, agriculture and fisheries industries and liquor licences  will be waived, which is expected to benefit over 60 000 licensees. The F&B industry-related licenses include General Restaurant Licence, the Light Refreshment Restaurant Licence, Factory Canteen Licence, the Food Factory Licence, the Siu Mei and Lo Mei Shop Licence and more. Extend the application period for SME Financing Guarantee Scheme to support SMEs in difficult times The government will extend 80% Guarantee Product under the SME Financing Guarantee Scheme for two years  and further extend the principal moratorium arrangement for one year.  The Government will also encourage banks to continue to adopt an accommodating and more flexible approach when processing loans by enterprises with sound repayment ability, supporting the SMEs through these difficult and challenging times.  Streamline the restaurant licensing regime to help new operators start business sooner The government will implement a “licence first, inspection later” approach for restaurant licence applications, which allows new operators with provisional licenses to begin business while seeking to complete their formal licence application. This arrangement can accelerate approval procedures and streamline administrative procedures, helping new operators start their businesses sooner. At the same time, the Food and Environmental Hygiene Department will adopt a new way to expedite the approval process for applications for outside seating accommodation (OSA) of restaurants by proactively co-ordinating with relevant departments under “joint-vetting” approach to resolve applications and escalate the processes together. The streamlined procedures include adopting standardised Government rent for OSA, allowing some applications to proceed without the requirement for increasing kitchen area and bathroom facilities and not reviewing the walkways with a remaining width of three metres or more on a case-by-case basis after the provision of OSA.  Promote pet-friendly restaurant licensing to create new business opportunities To create new  business opportunities for the F&B industry, the government will introduce a licensing arrangement allowing F&B operators to permit dogs in their restaurants or food premises. Under the new arrangement, restaurants can display clear signage to indicate that they are pet-friendly, ensuring customers are aware that dogs are welcome on the premises. Promote “Tourism is Everywhere" to explore new visitor sources  Apart from enhancing immigration experience and providing a rich array of local thematic immersive tours and mega events, the government also encourages the F&B industry to provide more Muslim-friendly facilities and food options. In view of this, the Hong Kong Tourism Board will launch a fund scheme for restaurants that have acquired Halal certification. The certified restaurants can receive a half-rate certification fee subsidy, capped at $5,000.  Inject into BUD Fund to help local F&B Operators expand overseas markets Inject $1.43 billion into the BUD Fund and expand its geographical scope to cover eight more economies, including the Belt and Road countries. The government will also enhance promotion and facilitate the participation of companies in exhibitions and export marketing activities through “Easy BUD”. Improve Enhanced Supplement Labour Scheme (ESLS) to ensure employment priority to local workers Despite the fact that importing labour on an appropriate scale helps ease manpower shortage in Hong Kong, it is crucial to ensure the employment priority of local workers. In light of this, the government will launch measures to combat the abuse of ESLS when importing waiters/waitresses and cooks. The local F&B operators should pay attention to the following new requirements: Extend the local recruitment process from four weeks to six weeks, during which employers must once a week attend an on-site job fair organised by the Labour Department (LD). Implement the manning ratio requirement more stringently such that it is calculated based on posts being applied for, but not on all posts engaged by an employer (The ratio of full-time local employees to imported workers is 2:1). In other words, an employer applying to import a waiter/waitress and a junior cook must have already employed two local full-time waiters/waitresses and two local full-time junior cooks.  Understanding Government Policies to Unlock Business Potential In the face of intense competition and an unstable economy, F&B operators should closely monitor the latest policies from the government and develop the industry to fully utilize the convenience and business-friendly measures provided by the parties. This definitely helps you alleviate operational pressure and seek new business opportunities even in challenging times!  If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting profitability, please don’t hesitate to contact our system consultants for a free system consultation and demo session here !

Xiaohongshu (The Little Red Book) is a social platform that originated in Mainland China and is likely a familiar name to many of us, even those living outside the country may have an account. However, are you aware of the increasing popularity of Xiaohongshu among Hong Kong’s F&B owners for advertising and branding purposes in recent years?  According to the “ White Paper on Xiaohongshu’s Search and Advertising 2024 ", they have over 260 million active users per month, with over 1.13 million users in Hong Kong. Among these, 80 million actively share content and the majority of whom are young people aged 18 to 35 with high purchasing power and significant influences on the market trends.  The rapid rise of Xiaohongshu as one of China's most popular social and advertising platforms is mainly due to its unique operating model. It flavours user-generated content (UGC) that encourages users to create and publish original content, share user experiences and leave reviews to boost interactions among users. Xiaohongshu is appreciated for its high level of authenticity, with over 75% of users choosing it for their search engine due to its reliability and 90% of users stating that search results actually influenced their consumption decisions. Experiencing an economy with stagnant growth, how can local restaurants leverage Xiaohongshu effectively to raise brand awareness and attract new customers?  From Search to Purchase: How Xiaohongshu's “Seeding” Culture Changes Consumer Behavior? As mentioned above, 90% of users are accustomed to searching in Xiaohongshu before making a purchase as they rely on users’ authentic reviews as reference. They typically begin by searching broadly for brands that suit their needs. Once they have a preliminary understanding and a firm grasp of what they need, they then conduct more targeted searches and comparisons to finalize their decisions. This close connection between "online search" and "consumption decision" is not only commonly observed in beauty and luxury goods. Over 70% of users applied this pattern when choosing restaurants, food and drinks. This phenomenon is known as "Seeding" in China, describing users’ desire to purchase can be triggered by continuous searching and recommendations. Ultimately, they may become the “Seeder” (also known as Key Opinion Consumers, KOCs), who are willing to share their reviews and opinions with other users online proactively. This creates a ripple effect of “Awareness-Seeding-Purchasing-Sharing”, giving every user an opportunity to become an influential KOC in Xiaohongshu. Due to the impression of KOCs being more authentic, relatable and trustworthy, their recommendations are often seen as more persuasive and influential than those of Key Opinion Leaders (KOLs) nowadays. A Xiaohongshu’s Must-Learn Guide for Hong Kong's F&B Industry Despite the fact that many of us have a certain understanding of Xiaohongshu, it is essential for the local F&B industry to pay extra attention to the following aspects for implementing effective promotion on the platform:  Collaborating with “Seeder” for Word-of-Mouth Marketing  The local F&B industry often has limited understanding of the mainland market and the community rules of Xiaohongshu with insufficient experience in operating on mainland social media platforms, making collaboration with the KOCs (Key Opinion Consumers) at the beginning stage more beneficial and cost-effective. KOCs can serve as a valuable entry point into Xiaohongshu due to their influence and budget-friendly collaboration fee, which best suits restaurants with limited resources for online marketing. By partnering with KOCs, the local F&B industry can not only gain exposure but also build brand reputation. Since most Xiaohongshu users prioritize authenticity, they are more likely to trust the experiences shared by “real” and everyday consumers, facilitating the "Seeding” process to build up users' perception and understanding of the brand online. Mastering Search Trends to Expand Reach Apart from collaborating with KOCs for ongoing exposure, restaurants should pay attention to search and keyword trends on Xiaohongshu. Understanding current hot topics empowers them to carry out the "Seeding" process in more relevant contexts, which in turn help trigger the emotions and desires of their target audience to drive actual sales. When creating promotional content, restaurants should highlight key brand features, signature dishes, purchasing methods and incorporate popular keywords in titles and tags—such as "best Hong Kong Cha Chaan Teng (Hong Kong Styled Cafe) “ or "Restaurants in Hong Kong That People Hope Will Stay Open", to enhance visibility and exposure in search results. Maintaining Active Online Engagement for Maximum Exposure Xiaohongshu evaluates content quality and recommends posts based on exposure, readership and interaction data. Therefore, new users should maintain a consistent posting frequency and actively engage with others online. This includes responding to comments, asking questions and participating in trending discussions initiated by other users or the platform. By fostering interactions, restaurants can gain more exposure opportunities and stimulate user interest in their brand. Hong Kong Restaurants Reviving Through Xiaohongshu It is not surprising to find numerous local restaurants in Hong Kong have gained popularity through Xiaohongshu in recent years. The platform helps them achieve steady business growth despite the current economic challenges and market competitions. A chicken hotpot restaurant in Mong Kok is a prime example, with the owner becoming the brand “icon” and accumulating nearly 3,000 followers on Xiaohongshu. Their engaging posts cover a wide range of topics, from signature items, daily operations to local cuisine recommendations and even funny but trending dance performances. Moreover, by using hot keywords in titles and responding positively and frequently to users’ comments, they attract significant attention online, serving as a valuable reference for restaurants looking to enhance their online promotion through Xiaohongshu. Utilizing Government Funding to Enhance Competitiveness If your restaurant lacks sufficient staff and resources for effective online promotion, it’s time for you to consider leveraging government funding to hire suitable service providers. The HKSAR Government's "Digital Transformation Support Pilot Scheme (DTSPP)" covers not only specific management systems but also online advertising and promotion solutions, to provide SMEs a valuable opportunity for accelerating their digitalization footsteps. Eligible restaurants can engage in online marketing to boost brand awareness and strengthen market competitiveness under budget, getting a chance to stand out in a highly competitive industry. If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting profitability, please don’t hesitate to contact our system consultants for a free system consultation and demo session here !

Since establishment, FOODIVAL has been staying on top of market trends and actively listening to customer needs. We continuously enhance our system features to ensure mutual growth with our clients, helping them maximum their business potential. To this end, FOODIVAL has launched two major new features targeting the procurement department's invoice reconciliation processes and frontline’s stock management. These enhancements aim to further assist our F&B clients in simplifying cumbersome and time-consuming workflows so as to save time, reduce manual operations, and improve overall operational efficiency! Let’s take a look at our latest features now! AI-powered Invoice Reconciliation: Upgrading Procurement Department to the “Master of Time Management” 💥 What are the Challenges Faced by the Procurement Department? FOODIVAL understands that invoice management and reconciliation are often considered one of the most tedious and time-consuming tasks in restaurant operations. Without a systematic approach, the central procurement department needs to regularly collect order-related documents from different outlets, such as purchase orders, supplier invoices and delivery notes, in order to verify order details and proceed relevant payment to suppliers. This process also ensures that the procurement department can gain deeper insights into the restaurant's food costs and allocation.  However, since frontline staff typically place orders with the suppliers through traditional methods like using WhatsApp and making direct phone calls, making it difficult for them to accurately record all order details and track order status, leading to frequent data gaps and discrepancies. This makes it particularly challenging for the procurement department to comprehensively understand the procurement status and costs across all branches, let alone to fully integrate all documents and invoices for attaining accurate reconciliation.  If the number of branches is huge, the procurement department may take a  month or even longer to complete the entire process of data collection, integration and reconciliation, making it difficult to avoid human errors and severely impacting the overall efficiency of the department. 🌟 How FOODIVAL's Upgraded Features Assist the Procurement Department? FOODIVAL not only offers a range of thoughtful features that allow frontline staff to place orders and quickly capture delivery notes through the system, but also provides a comprehensive backend for the procurement department to process invoice reconciliation. This enables users to access order data such as delivery documents and order statuses from various outlets any time online for verification , eliminating the need for manual collection of related documents. As a result, the procurement department can save over 90% of the time spent on data collection,  consolidation and reconciliation. Notably, FOODIVAL has fully upgraded its invoice reconciliation feature by incorporating the latest AI technology. The system can now automatically read and cross-check different invoices, instantly analyzing the consistency between invoice details and corresponding orders within the system. This helps the procurement department quickly identify discrepancies. For example, when the system detects any discrepancies in quantity or price listed on a supplier's invoice compared to the original procurement order, the item will be highlighted in red, along with the reason for the difference. The procurement department can therefore verify the information and modify the data when necessary. With this groundbreaking AI feature, FOODIVAL empowers the procurement department to swiftly identify discrepancies which helps effectively prevent wrong orders and miscalculations of payment, strengthening procurement cost control even further. Moreover, it significantly reduces the time required for data entry at the frontlines while enhancing the efficiency for invoice reconciliation at the backend, saving up to 70% of time required for such cumbersome tasks! Scan to Track: Upgrading the Frontline to ”Stock Take Master” 💥What are the Challenges Faced by the Frontline? For frontline restaurant staff, effectively and efficiently managing inventory data without system support is almost impossible due to the fast consumption of ingredients and supplies along with a higher frequency of restocking in the F&B industry when compared to other sectors. Therefore, it is essential for the frontline to carry out regular stocktaking to effectively monitor inventory levels and stock values. However, the vast inventory and diverse range of products may make the stocktaking process extremely labor-intensive, time-consuming and resource-heavy. Some restaurants may even need to hire additional part-time helpers to assist with the counting of stock and handling of related data. Such exhausting tasks often discourage many F&B practitioners to perform regular stock take, making it difficult for them to establish a reliable and accurate inventory database. 🌟 How FOODIVAL's Upgraded Features Assist the Frontline?  FOODIVAL's brand new stock take function – "Scan to Track" allows frontline staff to directly scan product labels or barcodes during the stocktaking process with our FOODIVAL App to accurately record product information and quantities. This new feature not only significantly reduces manual data entry and calculations, but also enhances the accuracy of the inventory database and accelerates the entire stocktaking process. Once the inventory data is confirmed, it is instantly synchronized with the FOODIVAL system's database, enabling backend users, including the procurement department, to monitor inventory levels across all outlets with ease any time, which greatly improves transparency for all departments and inventory data! Looking ahead, FOODIVAL will continue to work closely with our valued customers to develop more thoughtful and innovative features that meet the needs of your restaurant procurement and inventory management, allowing you to  "worry less and save more" while enhancing business competitiveness. If you are interested in learning more about FOODIVAL's latest features, please click   here  to contact our system consultants and schedule a free system consultation!

We sincerely thank all industry friends for visiting our booth at HOFEX 2025 and joining us in witnessing the latest developments in F&B technology. This year's expo was vibrant, with our booth attracting numerous industry professionals for visits and interactive exchanges, making it one of the focal points of the exhibition. Let’s take a moment to revisit the highlights of this annual event! From Technical Collaboration to Market Win-Win We are honored to participate in this year’s HOFEX as a member of the "Greater Bay Area Retail and F&B Technology Association" together with our valued partners, including hardware suppliers and POS developers, jointly creating a comprehensive F&B management solution for achieving seamless integration from front-end marketing to back-end management. Innovative Insights: Uniting Industry Leaders for the Future of Food Tech During this year's expo, we had the privilege of engaging in in-depth discussions with local and international F&B technology experts, partners and clients, sharing the latest industry trends and practical experiences. Notably, on the first day of the panel discussion session, FOODIVAL was invited by RITA to join representatives from Eats365 POS, Juicysuite CRM, and NAP TEA (a Taiwanese beverage shop) to discuss how the technology ecosystem can help the local F&B industry expand its business and enter overseas markets, generating an enthusiastic response from the audience. Throughout the forum, FlexSystem also took the opportunity to share our latest achievements in intelligent management systems, demonstrating how technology can enhance operational efficiency, optimize decision-making processes, and inject new momentum into business expansion. Innovative Tech x F&B Future This year at HOFEX 2025, FlexSystem returned triumphantly with our new intelligent management solutions. The atmosphere at our booth was vibrant, attracting numerous industry experts and practitioners to experience our offerings. Whether it was "automated management" or "data-driven operations," attendees showed great interest, leading to active discussions and fostering intensive exchanges of ideas. At our booth, we displayed multiple screens showcasing our latest features, including “AI-powered invoice reconciliation” and “Scan to Track - Stocktake features". Visitors had the opportunity to personally experience these functions firsthand, gaining insights into how they can simplify daily workflows and enhance operational efficiency for their F&B businesses. This interactive experience not only provided a comprehensive understanding of our solutions but also promoted collaboration and communication among industry peers, making it one of the highlights of the exhibition. During the expo, we were thrilled to engage face-to-face with many existing and new clients, gaining deeper insights into their daily operational needs and challenges. We are grateful to every visit at our booth; many expressed strong interest in our solutions and arranged follow-up meetings to explore the system further. Several partners also initiated concrete discussions about future collaborations. Each interaction and exchange serves as a driving force for our innovative development and service enhancement. Once again, we sincerely appreciate your support and trust, and FlexSystem looks forward to continuing our partnership by bringing more innovative values and  opportunities for your business growth!

As consumers have become increasingly receptive to AI technologies and applications, the Food & Beverage Industry is gradually keeping up with the trend to apply different kinds of AI technologies in various workflows in order to accelerate operational efficiency and boost customer experience. Yet, with a wide variety of AI technologies growing and thriving, which ones in particular are suitable for the F&B industry? How can these technologies be effectively implemented and sustained in the industry? Meanwhile, what factors should F&B owners pay attention to when undergoing digital transformation in their businesses?  Let’s delve into the latest AI trends and explore how these AI-empowered systems are leading the F&B industry to a new digital era!  Four Major AI Trends in the F&B Industry AI-Empowered Kiosk  Last year, a research company in Taiwan partnered with a F&B group to develop the world’s first "AI Kiosk" that integrates three types of AI applications. In addition to standard ordering functions, this AI Kiosk features a wider range of capabilities such as AI-driven personalized marketing, multilingual menu translation and voice ordering. For instance, in personalized marketing, the AI Kiosk utilizes image recognition technology to categorize customers by gender before they place their orders via the kiosk. A virtual assistant within the kiosk then provides personalized menu recommendations based on their gender. For example, if the kiosk detects that the customer is male, the virtual assistant will be transformed to a female in the interface to provide recommendations, and vice versa. The analysis conducted by the AI Kiosk is based on a vast database that includes not only the F&B group's own customer dining preferences and consumption habits, but also data collected from consumers around the globe to ensure a relatively precise prediction and personalized marketing. AI-Empowered Food Delivery Robot    Delivery robots are becoming increasingly common and popular among the F&B industry worldwide, with many local and international restaurants introducing the robots in the hope of reducing the workload of frontline staff and enhancing workplace safety. In Taiwan, the Industrial Technology Research Institute (ITRI)  has developed the first delivery robot integrating with a POS system. This robot, the "Cubot ONE", combines C-V2X ( Vehicle-to-Everything) technology, 3D positioning system and navigation technology with 5G connectivity and a patented vehicle design. Users can easily manage takeout orders and assign delivery tasks to the robot through the existing POS system, significantly reducing manpower demands and frontline workload as frontline staff can focus on in-store tasks and customer services. This automated process also helps prevent situations where restaurants become understaffed during peak hours, such as lunch and dinner period. AI-Empowered Restaurant Operation System Apart from developing various machines and systems integrated with AI technology, A Chinese telecommunications company has partnered with a restaurant chain to jointly launch "AI Smart Restaurant”. The project aims to create a restaurant with integrated operational capabilities by combining "5G + AI" technology with Cloud technology and new intelligent terminals. For instance, the restaurant owner can monitor customer service quality by using AI cameras to recognize customer locations and behaviors. These cameras can detect if a customer is waving or seeking assistance, significantly reducing their waiting times and enhancing customer experience. Meanwhile, the AI cameras can also check whether employees are dressed according to employee handbooks so as to monitor hygiene conditions, for example to check whether kitchen staff are wearing masks and disposable caps or whether there are any pests like mice. Through the AI management system, restaurants can hence strengthen hygiene monitoring, creating a safer, cleaner and more comfortable dining environment for customers for a better dining experience.  AI-Empowered Procurement & Inventory Management System  Noteworthily, there is a procurement and inventory management system designated for the F&B industry which recently incorporated AI technology to enhance the efficiency of procurement departments. With the system, frontline staff can simply take photos of invoices and upload them upon receipt of goods, allowing the procurement team to verify the information in real time. The system automatically cross-checks the invoice details with the relevant orders within the system, helping the procurement team to identify discrepancies. This feature helps prevent wrong orders and strengthens cost control even further. What’s more, this AI feature significantly reduces data entry and improves accuracy and efficiency of invoice reconciliation process, saving up to 70% of the time spent on such "matching" tasks. In addition, the system also offers a "Scan & Track” feature to streamline the stock take process. This feature enables frontline staff to directly scan product labels with barcode scanners to record product information, greatly reducing data entry and accelerating the entire process. When choosing a procurement and inventory management system for your restaurants, owners should not only consider whether the system's features are up-to-date or include AI capabilities, but also ensure that the system is comprehensive and suitable for your daily procurement and inventory management needs. For readers interested in learning more about the specialized features of procurement and inventory management systems designed for the restaurant industry, feel free to read FOODIVAL's blog  (only Chinese available).  Digital Transformation in the F&B Industry: Restaurant Resources, System Usability & Security？ As AI technology becomes increasingly prevalent across various industries, restaurant owners have to carefully consider different factors when choosing and adopting different types of AI systems. Digital transformation should be implemented only within your budget and resources available.  Many solution vendors offer various modules with Cloud subscription plans, allowing flexibility and system scalability for F&B clients to choose the most suitable options based on their operational needs and capabilities. Furthermore, the F&B industry should also pay special attention to the design of the system interface and the usability before implementing the systems. This ensures that the system is user-friendly enough for employees to easily be familiar with, facilitating a smoother implementation and transition to digitalization. Last but not least, the security of the systems is crucial. When utilizing AI functionalities to implement retail and marketing campaigns, F&B owners must ensure that customers are fully informed of how their personal data or preferences will be accessed, used and analyzed. It is important to obtain customer consent before engaging in personalized marketing to protect consumer data and privacy as well as to reduce any sense of insecurity regarding AI among customers. If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting competitiveness, don’t hesitate to contact our system consultants for a free system consultation and demo session here !

Since the Central Government resumed the  “Multiple-Entry Individual Visit Scheme” for Shenzhen permanent residents, and expanded the arrangement to Shenzhen residence permit holders last year, the visa holders are allowed to visit Hong Kong more conveniently and freely without any restrictions on the number of visits. This new measure is expected to boost Hong Kong’s economy by attracting a larger number of tourists and stimulating consumption. It is also hoped that the policy will inject new impetus to the local tourism, retail and F&B industries. The local F&B industry should seize this opportunity by keeping up with the latest tourism trends and enhancing customer experience, service and offerings in order to attract more tourists and consumption.  2025 Keywords for Hong Kong Tourism According to the latest research and data from Wisers and the Hong Kong University of Science and Technology on Tourism, we can observe from the OTA platform such as travel forum and social media like Xiaohongshu, the changes in the focus of mainland tourists towards Hong Kong Tourism by integrating and analyzing the topics and keywords mentioned online. This data can help us understand and predict the major trends for tourism in Hong Kong in 2025. Below are the three keywords that are particularly noteworthy for the local F&B industry: Free The discussion volume for the term “Free” has reached 4 million times online in Chinese internet in 2024, which reflects a shift in the consumption attitudes of mainland travelers. They have become increasingly conservative in making purchase decisions and tend to seek free offers from stores or restaurants in order to reduce travel costs. Local restaurants can therefore adjust their sales strategy based on the new consumption habit and practice of the Mainland travellers by experimenting with various reward-based promotional campaigns so as to attract them. Examples include organizing free tasting and offering rewards upon making a certain number or amount of purchases. Such promotional activities not only cater to “consumption downgrade” travel strategy promoted by the mainland travellers, but also help attract repeat customers. Moreover, such promotional campaigns may encourage travelers even further to share these offers with friends and family, helping boost brand awareness and reputation.  Hong Kong Culture  Despite fewer online discussion volumes when compared to the term “Free”, “Hong Kong Culture” has gone viral on the Chinese internet too, reaching up to 100,000 times of discussions. As a special administrative region in China, Hong Kong has the distinctive edge of  “having strong support from the motherland and being closely connected to the world” where Eastern and Western cultures are well blended, making it a prime location for holding international mega events. Additionally, Hong Kong has preserved its unique local culture in which dining and food culture has stood out as a food paradise, attracting tourists from around the globe for an unforgettable cuisine journey. If local restaurants can make good use of Hong Kong’s strength and inject new elements to the traditional food culture, they will be able to attract more tourists. Many local restaurants are therefore actively experimenting innovative cuisines that combine localness and innovative elements, such as Hong Kong-style milk tea egg waffles, mango sago flavoured pineapple buns, and citrus and honey flavoured doughnuts. These offerings perfectly blend various popular Hong Kong flavors with western food culture, providing travelers with a refreshing and unique taste experience.   District Tourism  Apart from “Free” and “Hong Kong Culture”, “District Tourism” is also noteworthy, with a volume of 22,000 mentions in 2024 online in China. This trend indicates that more and more Chinese tourists are interested in exploring the history, attractions and unique stores and restaurants of different districts in Hong Kong, looking for a more in-depth itinerary design and immersive experience of the authentic Hong Kong culture. Mr. Xia Baolong, the Director of the Hong Kong and Macao Affairs Office of the State Council, has advocated the concept of "Tourism is everywhere in Hong Kong", in the hope of encouraging tourists to uncover the potential and uniqueness of Hong Kong’s 18 districts. The Hong Kong government has also rolled out a series of themed ‘City Walk” routes, such as Old Town Central. In addition, according to the “Development Blueprint for Hong Kong's Tourism Industry 2.0”, the government will continue to enrich these "City Walk" routes and themes by incorporating elements and cuisines from local classic films to attract more tourists for an immersive experience in various districts.  Meanwhile, local restaurants should seize this opportunity by offering unique culinary experiences that highlight the uniqueness of different districts. This may encourage tourists to include certain restaurants in their "City Walk" itinerary. For instance, the world-famous Hong Kong movie, "Twilight of the Warriors: Walled In", which features nostalgic street snacks and scenes of the peculiar Kowloon Walled City, has sparked a wave of nostalgia among the audiences and made Kowloon City a popular destination for "City Walk". Restaurants can take advantage of this momentum by launching related food experiences to attract tourists and stimulate spending.  Keep up with the Times by Undergoing Digital Transformation In addition to understanding market trends and tourists’ travel patterns and spending habits, the local F&B industry has to keep up with the times by incorporating digital solutions for enhancing dining experience and service quality, ultimately retaining the interest of customers. For instance, restaurants can implement electronic ordering and payment systems at the frontline to improve the customer experience by reducing the risk of misunderstandings and disputes caused by language barriers. Additionally, restaurants can adopt POS systems to record daily sales data and utilize procurement and inventory management systems tailored for the F&B industry to enhance efficiency.  One notable example is FOODIVAL - Restaurant Procurement and Inventory Management System, which has received industry recognition for its comprehensive features and user-friendly interface design. This minimizes training time and allows users to easily manage daily tasks at restaurants. By leveraging various systems, restaurants can systematically manage procurement and inventory operations and significantly enhance cost control. This capability enables F&B operators to monitor the actual performance of different outlets, including procurement costs, ingredient costs, menu analysis and more, achieving "data-driven decision making” for formulating more suitable and targeted operational strategies, which contribute to sustainable business growth in the long run. If you wish to improve the procurement and inventory management of your restaurants while strengthening cost control and boosting competitiveness, don’t hesitate to contact our system consultants for a free system consultation and demo session here !

With more and more Hong Kongers spending their holidays across the border to Mainland China, many Chinese restaurants have become a big hit among the locals. These popular brands, such as Tai Er Chinese Sauerkraut Fish,  HaiDiLao Hotpot, HEYTEA have seized the opportunity to extend the reach of their brands to Hong Kong, hoping to leverage the city’s distinctive edge of “strong support of the motherland and being closely connected to the world” to enter international market. Undoubtedly, the emergence of  mainland brands will intensify competition in the local F&B market. Yet, the growth of the Hong Kong F&B industry has remained subdued in recent years since the pandemic. Such a challenging business landscape has led some small-and-medium restaurants in Hong Kong to closure due to high operational costs and rents. While many industry professionals are concerned about the increasingly fierce competition, some believe that healthy competition may drive innovation and improvement in the Hong Kong F&B industry. In face of all these challenges, how can the local F&B industry maintain its competitiveness?  Avoid Cut-Throat Price Competition The costs of opening and running a restaurant are significantly high when compared to mainland China due to high wages and soaring rents. It is therefore unwise for the F&B owners to attract consumers by solely relying on continuous price-cutting approaches. Unlike the retail sector, restaurants cannot effectively apply “a small profit margin and sell more” strategy. In fact, such a strategy may pose greater risks in the long run, as restaurants may need to lower the quality of their food and services in order to reduce the operational costs for sustaining their businesses, which may eventually result in a financial loss. Such an approach may not only tarnish the reputation of the brand, but also lower competitiveness. Instead, the local F&B industry should develop cost-effective strategies and prioritize improving the quality of their offerings. By focusing on improving food quality and service standards with strengthened cost monitoring, restaurants can cultivate a strong brand image and reputation, thereby attracting and retaining loyal customers.  Enhance Operational Efficiency via Digitalization To develop cost-effective strategies for enhancing operational efficiency, F&B owners should actively engage in the digital transformation trend by implementing various systems to reduce manual operations and strengthen cost control. Some local researchers have suggested the F&B industry adopting an electronic ordering system to replace traditional manual methods. This transformation can not only increase ordering efficiency but also enhance customer experience while minimizing labour cost and  reducing workload for frontline staff.  On the other hand, it is beneficial for restaurants to adopt a POS system for recording daily sales data, as well as to implement a food procurement and inventory management system specifically designed for the F&B industry like FOODIVAL to effectively manage relevant data. FOODIVAL can assist F&B owners in implementing systematic procurement and inventory management with its comprehensive functionalities and user-friendly interface design. It can not only help enhance the control over procurement costs, but also monitor actual business performance, including procurement costs, food costs, menu analysis and more, ultimately facilitating data-driven decision making and the formulation of more targeted operational strategies. Attract Consumers with Innovations Keeping abreast of the latest F&B market trends and consumer preferences can help F&B owners generate innovative ideas and improve their offerings, satisfying the ever-changing market demands. According to recent F&B trend research , many research institutes have pointed out that consumers will pay more attention to personalized dining experiences, fusion cuisines and local elements. It is crucial for the F&B industry to catch up with the trends by creating innovative cuisines that blend local and international features, providing a more diverse and customized favours to their customers for cultivating a stronger brand image. In fact, while many Chinese F&B brands have actively expanded in Hong Kong in recent years, numerous brands have underestimated the costs and challenges of running a business there. Last year, some once-popular Chinese F&B brands announced their decision of closing their branches and restructuring their businesses in Hong Kong. For instance, “LMM Perfume Lemon Tea”  in Mong Kok is one such example. Therefore, whether Chinese F&B brands can establish and stabilize their operations in Hong Kong still remains to be seen. Yet, the positive competition that Chinese F&B brands bring to Hong Kong's F&B industry is undeniable.  If you aim to optimize your restaurant's performance through improved procurement and inventory management, along with effective cost control strategies to boost overall competitiveness, we invite you to reach out to our system experts  and reserve a complimentary consultation to explore the latest functionalities of FOODIVAL!

As we approach 2025, many F&B businesses are preparing themselves for a resurgence by proactively reviewing their current operational strategies to better accommodate consumer demands and integrate into the digital era in order to seek new business opportunities. According to the “ Provisional statistics of restaurant receipts and purchases for third quarter of 2024 ” issued by The Census and Statistics Department, HKSAR last November, the value of total receipts of the restaurants sector in the third quarter of 2024, provisionally estimated at $26.7 billion, decreased by 1.3% over a year earlier. Over the same period, the provisional estimate of the value of total purchases by restaurants decreased by 0.1% to $8.8 billion. There is no doubt that the performance of the Food & Beverage (F&B) industry in 2024 was unsatisfactory, mirroring a subdued growth. The F&B industry must proactively improve its business performance through revenue-generating and cost-cutting strategies, as well as enhance customer satisfaction to encourage consumption. It is essential for businesses to understand the latest market trends before they can improve their offerings and seize new opportunities.  Without further ado, let’s take a look at the hot F&B trends highlighted by various research institutes and media from around the globe!  Sustainability & Local Sourcing According to the “ What’s Hot in 2025 – Culinary Forecast " conducted by the US’s National Restaurant Association last year, “Sustainability & Local Sourcing” has become the top of the chart in 2025, replacing “World Stage Soups & Stews”. This implies that more and more consumers will pay attention to green dining and environmental conservation. In the other words, when consumers are choosing F&B services, they tend to care more about the sources and production methods of the fresh ingredients. For example, they concern whether the restaurants support local sourcing to reduce carbon footprint in the delivery process; or whether the suppliers adopt sustainable methods in the farming and production process. It is therefore vital for the F&B industry to advocate "sustainable dining” in their businesses. This can not only help maintain biodiversity and thus ensure a stable supply chain of ingredients, but also attract like-minded consumers by offering healthier and diverse culinary options. Noteworthily, Innova, an international global market insights provider from the Netherlands, predicted that “Food Culture – Tradition Reinvented” will be one of the Top Ten Food and Beverage Trends for 2025 , coincidentally resonating with the trend related to “local” elements highlighted by the National Restaurant Association. They both believe that “local” elements will come into the spotlight. Consumers tend to preserve their local dining cultures and tastes, of which they are proud, while experiencing diverse cultural exchange. The Rise of Fusion Cuisine Photo source: Hong Kong Tourism Board & Time Out Hong Kong   As the pandemic subsides and international trade and travel fully resume, consumers' desire for diverse dining experiences is increasingly intensifying. Creative and palate-stimulating fusion cuisine is expected to become a new global trend by 2025. On the other hand, many F&B businesses have realized the challenges of crafting a complete foreign dining experience with imported ingredients after the pandemic due to international transportation restrictions and increased costs associated with logistics and imported food. Therefore, more and more restaurants are starting to reconsider how to create fusion cuisine using local ingredients, adding a touch of local flavours to exotic tastes. In Hong Kong, there are quite a number of popular fusion restaurants recognized by Michelin . “Whey” offering Singaporean mixed with western cuisine is one of the examples. Their Singaporean chef uses both local and organic ingredients to create South-East Asian cuisine with western cooking techniques. Some of their signature dishes include reinterpreted Bak Kut Teh, French bread with black fruit jam and Nyonya flavors and Musang King durian ice cream paired with caviar, immersing their customers into an extraordinary feast brought about by the integration of diverse food cultures and ingredients. Moreover, the third major F&B trend highlighted by Innova is “Flavors–Wildly Inventive”, which further reinforces the new wave of fusion cuisine in 2025. The survey indicates that more than half of consumers worldwide are interested in trying new flavours. In addition to the fusion cuisine presented by various restaurants, several well-known food brands have also launched a series of limited-edition co-branded products, such as "Coca-Cola x Oreo" cola and cookies, to attract consumers with unprecedented flavours and surprises.  Customized Dining Experience Many research institutes and media have also pointed out that consumers will increasingly focus on health, nutrition, wellness and other personalized demands in the future. This is also reflected in the The Top Ten Food and Beverage Trends for 2025 . The second, fifth and seventh trends highlighted are “ Health–Precision Wellness”, “Plant-based–Rethinking Plants” and “Beauty Food–Taste the Glow” respectively. The F&B industry needs to adjust its menu, ingredients and cooking methods based on personalized demands of different consumers to accommodate diverse dining habits by providing consumers with healthier options. For instance, adding vegan options to the menu or offering choices such as low-calorie, low-sugar or low-salt items. Currently, such personalized dining services are more common in bubble tea shops and coffee shops, where customers can design their drinks according to their preferences, including flavor, temperature, sweetness and milk foam, creating a bespoke experience. In Hong Kong, some Japanese ramen shops also allow customers to choose the thickness and texture of their noodles, making the dishes more tailored to individual tastes. Utilization of Operational and Sales Data  To improve operational efficiency and create better dining experiences, F&B businesses cannot rely solely on employee experience to adjust strategies. Instead, they have to collect relevant data about their operations, including costs, sales and customer preference etc., in order to understand the actual performance and make data-driven decisions. A targeted operational and sales strategies can not only help generate revenue and reduce costs, but also attract customers. Apart from the POS systems commonly-used by restaurants to record daily sales data, an increasing number of restaurants have started to implement food procurement and inventory management systems tailored to the F&B industry. Such systems can assist restaurants in systematically managing procurement data and strengthen food cost and procurement cost control for formulating better cost-saving strategies. Moreover, the system provides active inventory monitoring and recipe analysis functions. Users can conduct regular stock take and connect to the POS through the system for automatically integrating inventory and sales data for in-depth analysis, further understanding the restaurant's operations and performance. With built-in reports and management dashboards, operators can gain insights from multiple perspectives, including procurement costs, wastage, stock value, ideal and actual dish costs, supplier analysis and even the profit and sales distribution of each dish in your menu. The above data is useful for formulating new procurement and sales strategies to enhance business performance. As we enter 2025, the F&B industry will encounter various challenges and changes, but it will also present new opportunities. F&B operators must seize these opportunities by embracing digital transformation to replace time-consuming manual processes with automated systems. By utilizing more robust data, they can enhance decision-making and implement targeted improvements while progressing towards sustainable development. If you are interested in exploring digital transformation for your restaurant, please don't hesitate to reach out to us . Our system consultants would be happy to discuss the best digital solutions with you!

In addition to the series of modules and functionalities introduced in the previous blogs, FOODIVAL also provides a wide array of reports and efficient management dashboards. These tools help integrate various data and analyze business trends through different appealing and easy-to-read charts, empowering F&B owners to gain deeper insights into their business performance and monitor operations over time. Meanwhile, FOODIVAL incorporates a wide variety of standard reports, allowing the procurement department to extract useful data to generate necessary reports with just a few clicks. This helps restaurants save considerable time and effort on manual work such as collecting and consolidating data each month, which significantly improves work efficiency and strengthens data analysis capabilities of the procurement department.  In addition, the system seamlessly integrates with the third-party analytics tool, Power BI, which helps automatically update operational data from various data sources on a daily basis. Data may include ingredient procurement, inventory levels, stock movement, inventory value, recipes, sales, payroll and more, allowing users to analyze these operational data from multiple perspectives with greater flexibility and depth, preparing them to make data-driven business decisions! Diverse Reporting FOODIVAL comes with over 50 built-in basic reports, including monthly store report, procurement summary report, monthly inventory balance report and wastage report. Simply select the required data and time period and FOODIVAL will automatically extract relevant data and generate the appropriate reports. This feature not only saves employee’s time in collecting, consolidating and applying complex formulas to organize various data, but also enhances the accuracy and reliability of the reports. Moreover, FOODIVAL allows users to create more targeted and specialized reports by using the pivot tables function, further improving operational efficiency.  Management Dashboard Apart from standard reports and built-in reporting tools, FOODIVAL’s interactive dashboard also helps restaurants integrate and analyze data related to procurement and inventory management, such as procurement costs, wastage, stock value, supplier analysis and more. This allows management to easily monitor all major data and performance metrics in one consolidated interface. By incorporating a wide variety of presentation charts into our dashboards, FOODIVAL enables management to consolidate and analyze different data trends more efficiently and effectively. Cost Analysis & Comparison In addition to the procurement and inventory data recorded and processed by FOODIVAL, the system can integrate with third-party POS systems to regularly extract and consolidate sales data for analysis. By comparing and analyzing sales data with procurement, recipe and stock-take records, the system can easily determine the ideal and actual dish costs for each outlet. This helps management gain a deeper understanding of the restaurant's procurement costs and profits, allowing them to adjust purchasing and sales strategies based on cost effectiveness, and ultimately increasing overall profitability in the long run.    Connection with Power BI For Comprehensive Analysis If F&B owners require a more in-depth and multidimensional data analysis, they can opt for FOODIVAL's latest Power BI Dashboard which automatically updates restaurant's daily operational data from various data sources. This includes information regarding ingredient procurement, inventory levels, stock movement, stock value, recipes, sales and even payroll data, providing a broader, deeper and more comprehensive analysis. For instance, in terms of labor and ingredient expenses, the Power BI dashboard can display ratios related to profitability and manpower costs. This includes metrics such as monthly ingredient profit, average daily sales revenue and the proportion of monthly labor costs relative to total expenditures, helping the management understand the actual operational efficiency and performance of their business. Additionally, by integrating sales data from the POS system, Power BI can analyze the actual profitability of each dish based on FOODIVAL's e-recipes and procurement data. By presenting the profit and sales distribution of each dish using an XY scatter plot, Power BI allows F&B owners to quickly identify “star products” that are both popular and profitable while eliminating dishes that are neither selling well nor generating profit. Based on this data, they can develop new sales strategies by boosting the sales of profitable products that are underperforming.  In today’s challenging and fast-paced F&B business environment, if you wish to find a suitable cost-saving solution to improve operational efficiency, increase revenue and enhance business performance, you must first strengthen your data analytical capabilities in order to achieve effective “data-driven decision-making”! If you are interested in learning more, please click here to contact our system experts for a free system consultation.

Mastering the cost of ingredients and menu dishes has always been the most essential part of Food & Beverage (F&B)  operations. If operators lack this information, they cannot determine the actual profits of their business accurately, let alone formulate strategies that can help save resources and improve business.  Yet, calculating food costs cannot be done without a complete and reliable record of your procurement activities and recipes. Without a proper system, a restaurant owner may need to spend considerable manpower and resources to record relevant data before calculating related costs by using various complicated formulas in Excel manually. This traditional approach is not only time consuming, but also prone to inaccuracies. Yet, FOODIVAL’s Recipe Module digitizes food cost management for F&B owners by establishing e-recipes and calculating the ideal dish cost by extracting the purchase prices from daily procurement data following the “first-in, first-out” principle. Meanwhile, FOODIVAL can even integrate data from POS systems and regular stock take to reckon the actual cost and profit of the dishes for conducting more in-depth recipe analysis.  Create e-recipes   By leveraging FOODIVAL’s Recipe Module, restaurants can create a reliable database for their recipes, including semi-finished products like home-made sauces. Users can record the ingredients and required quantities for each dish to improve recipe management and facilitate cost calculation.  Simplify Procurement Process  When managing daily procurement, users can not only place orders based on inventory level monitored by FOODIVAL, but also simply input the number of a specific dish that they would like to produce. The system can automatically calculate the total amount of ingredients needed based on the e-recipes, streamlining the entire procurement process by saving the time required for searching each ingredient one by one.  Analyze Ideal & Actual Dish Costs By integrating with a POS sales system or importing sales data, FOODIVAL can automatically calculate the ideal cost of each dish based on the purchase prices of each ingredient. Additionally, it is possible to obtain the actual cost by taking the total amount of ingredients used through regular stocktake into account. FOODIVAL is capable of automating the calculation of these figures and comparing the actual costs with the ideal costs, assisting F&B owners in identifying operational deficiencies from the discrepancies. This insight serves as a valuable reference for owners to improve their recipes or procurement strategies to enhance cost-effectiveness.  Analyze Recipe Profitability with Power BI FOODIVAL can connect seamlessly with a third-party analytic tool – Power BI to synchronize all procurement,  inventory and recipe data for conducting a more in-depth and multidimensional analysis. Taking recipe and procurement analysis as an example, FOODIVAL can thoroughly analyze the actual profitability of each dish by integrating sales and procurement data. The result can be presented in an XY scatter graph, allowing users to identify the star products (i.e. both popular and profitable) as well as those that are profitable but not popular, or neither profitable nor popular. With this analysis, owners can review and formulate sales strategies and menu designs. For instance, they can eliminate items that are neither profitable nor popular, or implement various promotions to boost the sales of profitable products. Moreover, users can further analyze the profitability of each outlet or study the detailed breakdown of costs of the menu through the “Drill Down” function, allowing owners to refine their recipes, procurement and sales strategies.  Ingredient Substitution  Users can pre-set substitutions for each ingredient, enabling the system to automatically adjust stock level based on the pre-set substitution lists and ingredient usages. This feature helps restaurants to maintain accurate and up-to-date inventory levels. Through FOODIVAL's comprehensive recipe module, F&B operators can establish a complete e-recipe system for their restaurant, which helps centralize the management of menu design and ingredient usage. This ensures food quality while also replacing manual processes with a system that can automatically integrate data and generate various reports. This not only enhances overall efficiency but also helps restaurants make data-driven decisions to improve menu design, procurement, and sales strategies.