INTERPRETATION OF
FINANCIAL STATEMENTS
Food and Beverage (F&B) Industry * Food & beverage services comprise establishments engaged in the sale of prepared food and drinks for immediate consumption * Integral part of Singapore’s economy * Caters to local consumption and tourism industry
2011 Key Indicators (F&B Industry) INDUSTRY | ESTABLISHMENTS | EMPLOYMENT | OPERATING RECIEPTS | OPERATING EXPENDITURE | OPERATING SURPLUS | VALUE ADDED | | | | | TOTAL | COST OF PURCHASES SOLD | REMUNERATION | OTHERS | | | | NUMBER | THOUSAND DOLLARS | Food &Beverage Services | 8,018 | 111,444 | 7,499,335 | 7,201,973 | 2,527,914 | 1,992,084 | 2,681,975 | 530,561 | 2,577,956 | Restaurants | 2,843 |
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A lot of planning and thought is placed in the locations of these outlets, taking into consideration the composition of the surrounding stores and the presence of competing bakeries within the vicinity. 5. Experienced management
The BreadTalk Group is headed by the Chairman, Mr George Quek, who has more than 20 years of experience in the F&B industry. His management team have about nine years of experience in the industry each. Their reign and strategic business plans have helped hoist the BreadTalk brand name to the soaring heights and success it is enjoying now.
Internal Weaknesses 1. Higher rents and failure to renew existing leases
All current BreadTalk outlets are leased from third parties. Rental costs constitute a 20% of the group’s operating expenses. Moreover, upon the expiry of leases, landlords have the right to review rental rates which may not be favourable to the organization. Therefore, costs are highly sensitive to increases in rentals which could have a material adverse effect or potentially erode their profit margin and, ultimately, their earnings. In addition, BreadTalk may not be able to renew existing leases on the revised terms and conditions implemented by their landlords which may not to the advantage of the business. 2. Dependence on senior management staff
BreadTalk is highly dependent on their senior management staff which includes Mr George
If you work this problem as a group assignment, each group member should be prepared to
The products/services offered are a large supermarket, a wide range of food and non-food e.g. cd/video, books, pharmaceuticals, a cook shop, food includes:- bakery, meat, fish produce, dairy, frozen foods, tinned/packets, also a customer restaurant and a petrol station.
An internal influence that also plays a big part in a business in Location, location is important for profit in a business, closer to the buyers means easy to make profit, especially a walk in shop also appeals to customers, as we see in the articles Masters Taree is placed before taree and closer to Tuncurry, Tinoee and Old Bar, this makes it closer to them then Bunnings does this means a quicker trip from this destination this is a smart idea, also
Last of all, in Marion Nestle essay, “The Supermarket: Prime Real Estate” she states that supermarkets manipulate you on buying extra things you do not need. During her research, she realized there were a lot of different studies for designing the layout of the stores (Nestle 499-500). For instance; Stores do not use a lot of islands, they put certain things in the back of the store and put
Layout of Store- A great layout is vital for success. Grocery shopping can sometimes be tedious, so it is essential that the layout makes the process as easy as possible for a consumer. If a customer is having trouble finding things then they might start shopping elsewhere. Also, things that will spoil are usually in the back left of a store because that is where the customer will finish shopping thus reducing the time the product will spend not being refrigerated.
“This U.S. industry comprises establishments primarily engaged in (1) preparing and/or serving a specialty snack, such as ice cream, frozen yogurt, cookies, or popcorn or (2) serving nonalcoholic beverages, such as coffee, juices, or sodas for consumption on or near the premises. These establishments may carry and sell a combination of snack, nonalcoholic beverage, and other related products (e.g., coffee beans,
This position of Food and beverage manager presupposes the responsibility for management of food and beverage service at every venue in hotel, restaurant, resort, institutional affiliation, etc. His primary task is to oversee the food and beverage service, evaluate the possible profits and losses, hire and resign the restaurant personnel. He considers food and beverage service for special parties, wedding receptions, conferences, and official meetings. This person thinks about the ways to promote special events to attract the attention of the publicity and business.
Problem Statement: While Panera bread has incorporated a great strategy by provided their customers with an upscale, high-quality dining experience in the specialty Café category, they have fallen slightly behind in their pricing strategy in order to remain competitive when so many competitors are offering a similar experience with lower prices.
In a retail marketing mix, location is very important. The place is part of the biggest investments of the business person, as it has to be located in an easily reachable location. The more accessible a place is, the more expensive it is to get it. And also, the location includes the nearest competition.
One of the cornerstones of the new retail operations is to create uniformity for all four outlets. This included consistent décor, same opening and closing times and days and staffed by smartly dressed sales staff. The action plan created by the new project team listed the need to identify the locations of the four stores as top priority and that negotiating leases would be the responsibility of the project manager. The plan also called for staffing each store with two sales assistants and one store manager. The marketing department would be staffed by one individual to start and the administration department would require a full time human resources
Bread Talk started up in Singapore in 2000, which gives priority to invest bread and cake shop with high-quality goods. It’s also the first brand of bread and cake industry in Singapore. In 2002, Bread Talk has owned more than 80% of the popularity in people of Singapore, meanwhile, it has been honored with the best brand, the most famous brand, the most potential enterprise and so on. In 2003, Bread Talk was allowed to come into the stock exchange of Singapore. It has set up 23 stores in Singapore in just a few years. Each shop designs with modern interior decoration, the most spectacular and compare with other bakeries which manage with general factory distribution mode, the
The placement of the store is vital to becoming a success. The layout of the restaurant must be very pleasing to the eye and allows a sense of openness and visual ability to view several TV screens.
A food and beverage control system is a means of computerizing best practice within a restaurant or catering operation. It gives managers a better idea of the flow of food through the restaurant, enabling them to plan cash flow and stock control more effectively. At the sharp end, it provides chefs with a more structured way of planning menus, taking into account nutritional and financial considerations.
Place refers to the distribution channel of a product. The consumers will only buy the product that are available and only if the firm sells or promote the product. Therefore, distribution has a huge effect on profitability of Subway Juicy Fruity. Subway has to set up their outlet at the place whereby the human traffic flow is heavy like tourist spot, amusement park, business centers and train station. As there are the places where most potential profit can be generate from.
The summary of the project will be illustrated explicitly in the following order, what the project is about, objectives of the research, significance of project, how it is interdisciplinary, implications of findings, ethical considerations, methodology used, and findings of report. The research deeply analyses the behaviour of supermarket shoppers in Palmerston North, New Zealand that is affected by the physical positioning of products. The objective of the research is to find out what physical product positioning strategies that are being carried out by New Zealand supermarket stores. Besides, the researcher would like to know the ways that the strategies benefit the