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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Keeping a close eye on your Cost of Sales percentage is crucial for the success of any restaurant, as it enables you to take actionable steps to enhance operations and, in turn, boost profitability. Whether you're running a fast food outlet, a fine dining establishment, a catering service, or an institutional foodservice, grasping the interrelation of the three food cost principles is vital for determining the fate of your business. Shrinkage, which can be bluntly described as theft, poses a significant threat to profitability. This shrinkage reflects the gap between the ideal or theoretical food cost and the actual cost incurred in practice, with discrepancies typically ranging from 2% to 15%. Such variances translate into lost profits that can account for a substantial share of sales, often distinguishing between a thriving food service operation and one that faces closure. Every food service entity inevitably experiences some level of shrinkage, making it imperative to identify and mitigate its sources effectively. By addressing these issues, you can significantly enhance your operational efficiency and safeguard your bottom line.

Description

We help supermarkets and online grocery shops to recover the full value and reduce food waste by using AI-powered dynamic pricing. The Wasteless pricing engine is designed to adapt to the buying habits and mindsets of your customers, pushing AI to the limits to provide the best shopping experience and maximize profit. Find out how it works. Matching product offerings to real-time demand will increase sales. Sell at the lowest price possible with minimal shrinkage. Rotate products more quickly to maintain shelf freshness. Make sure products are sold before expiring and go to waste. Wasteless's pricing engine uses reinforcement learning, a branch in machine learning that aims to maximize revenues and reduce waste. This allows our engine quickly to learn how consumers react to dynamic pricing and then to determine the best discounting policy.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Ideal Software

Country

South Africa

Website

idealsoftware.co.za/ideal-stock-control/

Vendor Details

Company Name

Wasteless

Country

Israel

Website

www.wasteless.com

Product Features

Food Service Management

Costing No 
For Cafeterias No 
For Healthcare Facilities No 
Free / Reduced Meals No 
Inventory Management No 
Menu Planning No 
Nutritional Analysis No 
Online Payments / Funding No 
Point of Sale (POS) No 
Purchasing Yes 
Recipe Management Yes 
Schools No 
Tray Tracking No 

Product Features

Pricing Optimization

Channel Analysis No 
Competing Product Analysis No 
Forecasting No 
Market Analysis No 
Multi-Store Management No 
Price List Management No 
Price Optimization Automation No 
Pricing Analytics No 
Profitability Analysis No 
Scenario Planning No 

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