An innovative approach to transform your F&B productivity

Presentation byPrima Computer Systems

In the past few years, Singapore’s F&B Industry have grown and evolved tremendously, fuelled by

higher demand both within Singapore and from other ASEAN economies.

A large number of entrepreneurs have come up with different type of innovative products and solutions into the food industry.

Although starting a business in the food business is a much easier staying relevant and competitive on the long term and making a return on investment and profit from it have become very challenging.

Current Status of F&B Industry

It has become common to see many F&B establishments vanishing and shutting down within a short time period.

This is why it’s enormously important for most experienced F&B industry professionals to face the challenges associated with such an endeavour and to come up with innovative approach to address these challenges to transform F&B industry.

Shorter time span of F&B concepts - Depending on customer

requirements, technological changes and industry practices there is a need to continuously develop and improve upon new concepts to stay competitive

Increasing cost of labour and labour scarcity - Due to stringent rules it is becoming very difficult to obtain skilled labour

Lack of proper IT and system adaptation - Low adoption of IT and innovative practical technological solutions to streamline F&B business

Difficulties in overseas business expansion - Due to high operating cost, lack of kills and financial resources

Huge initial capital cost - Setting up a retail space requires tremendous capital investment together with high material construction and equipment costs

Some key challenges faced by F&B sector

Streamline business processes and use automation to drive up productivity –

Use F&B sector process automation to compensate for labour shortages

Redesign F&B workflow with the use of latest technology - Reassign retail staff doing less productive work for more productive work

Process Integration & change management - Integrate people, processes and technology (and data) to improve business agility

Leverage on business intelligence - Advanced BI approaches enabled by cloud computing to obtain F&B business critical information to decision-makers in a few clicks

Expand and enter overseas markets with cloud technology solutions – Support multiple retail business under one holding company

Tap into available & relevant government grants for IT solutions – Pilot new & innovative F&B sector solutions with iDA, SPRING, PIC grants etc.

Some solutions & recommendations to transform F&B industry

Solutions by Prima Computer

Systems

Visit us for an in-depth demonstration on how these solutions work

www.pcspos.com.sg