Description
A restaurant’s revenue is affected by the strategies and tactics that it implements. To optimise profits, restaurants would need to take into consideration various elements and these include demand, revenue, and supply management.
These courses will provide you with an overview of revenue management and its relevance; equipping you with the skills needed to establish useful data and metrics to enhance your restaurant’s performance. Subsequently, you will get to find out about management of supply and demand techniques as well as demand management which will enable you to better appreciate the impact customers’ demands have on a restaurant’s revenue.
The third course will discuss the role of supply management in realising revenue optimisation. You will also be introduced to pricing techniques, menu engineering, and analysis to complement the various strategies in place for revenue optimisation.
