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Launching ChefQuant Solutions – A Restaurant-level Data Analysis and Quantitative Modeling Service
ChefQuant Solutions is a data analytics and quantitative modeling service for restaurant owners, managers and executive chefs.
By: Homequant, Inc.
Unlike trade organizations that focus on macro industry trends and generic industry solutions, ChefQuant Solutions will offer customized service and solutions to individual restaurants, effectively mining and modeling their sales and survey data. Sid' new Book 'ChefQuant – A Practical Guide to Data Analysis and Modeling for Restaurant Owners, Managers and Executive Chefs' spearheads the launch.
While the vast majority of independent and non-chain restaurants have access to their customer data, they do not necessarily possess sound know-how to explore and mine their own data reservoir. Sid contends that each restaurant has its own unique micro market, often significantly bucking its (macro) industry trends and nuances. A restaurant's data reservoir is therefore its own internal goldmine with hidden answers and solutions waiting to be harnessed for their success and profitability.
Industry-level data solutions are too broad-based to be plug-and-play for all; consequently, one-size-fits-
The reason Sid published the Book ahead of launching the consulting service is to demonstrate as to how his proposed solutions could be of tremendous help for all restaurant owners – successful or not-so-successful. Even those who are contemplating opening new restaurants or adding new locations can benefit immensely from his services.
Since ChefQuant solutions are based on a restaurant's own data, rather than borrowed generic data from the competition or the industry as a whole, they are totally custom tailored, addressing their own unique issues and challenges, hence incredibly result-oriented.
Depending on the individual needs, ChefQuant Solutions will provide solutions ranging from customer survey analysis to demographic analysis for new locations to identifying deficiencies in existing menus to advanced sales and seasonality analysis to sales forecasting to internal performance and service metrics, to name just a few possibilities. Needless to say, ChefQuant uses sound statistical, econometric and operations research techniques in mining and modeling all data.
In a recent conversation Sid mentioned, "The independent restaurant market is one of the most competitive markets out there. One of the reasons many succumb to the competition is that they do not attach much importance to data analysis and modeling, which in most cases hold the key to their success or failure. Granted, restaurant owners, professional managers and chefs are not expected to be trained quantitative technicians, which obviously created a dire need for external professionals to step in and work with the industry to develop custom solutions. I urge all restaurant owners, managers and chefs to read my new Book and decide for themselves what we have to offer. Moreover, our solutions carry 100% satisfaction guarantee, so what do you have to lose? Bring your data to us and we will show you the path to continued success and profitability."
Page Updated Last on: Oct 16, 2016