Name Geolook Ma NetID gma391 Group Number: 422 Website Link: http://infosys1102014s1group422.blogspot.co.nz/2014/04/blog- post.html Tutorial Details Tutor: Day: Time: Mira Lee Friday 11am Time Spent on Assignment: 27 hours Word Count: 1644
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2 OMNISCIENCE INTRODUCTION In the mordern days, people always look for something faster than ever. No customers like waiting for their food and beverages in their limited amount of time like when they are picking up the coffee in the morning or getting lunch or snack. If that happens often then the business will have such negative impact. (Pruyn & Smidts, 1998) Therefore, many businesses are trying to seek any possible way to increase their speed of service to survive in this competitive industry. We change your daily operating system to maximize your service speed and we will let you know everything about your customer what you need to know. 3. BUSINESS SECTION 3.1 Vision Omiscience - Knowing your customers and knowing your business. The best guidence to optimize your business and make the world more efficeint. 3.2 Industry Analysis: Business Service Management Industry Industry: Business Service Management Industry. Force: High/Low: Justification: Buyer power: High Buyer can have many choices as there are many companies offer tailered service for the customer in each different business type. Supplier power: Low There are several IT companies can develop a application, web-base payment system, and customer record managing software. That would imply that we can have many option when we
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3 select our supplier. Threat of new entrants: Low Developing the system to manage the business service is not only costing significant amount of money, but also it takes long time. Therefore, that would discourage people to start the new business. Threat of substitutes: High Customers can hire a conventional business consultant and there are various form of businesses exist to help enhance the business service. Rivalry among existing competitors: High As there are many business exist in the business service management industry and limited number of customer, it would make rivalry among exisiting competitors high. Moreover, each firm would compete to maintain their reputation high. Overall attractiveness of the industry: High competitiveness among exsiting company and high start-up cost in the beginning seems to be the most challenging part in this industry. However, as once the business is established, when business gains possitive reputation in the market business can have competency in the industy. 3.3 Customers and Thei r Needs We are targeting the food and beverage businesses which has to accompany with fast service. For example, cafes, bakeries, take-away retaurants and so on. For this kind of business, service speed is dicrctly related to their profit and maintaining their business in the market. Peterson (as sited in Gray, 2005) mentioned that This is a game of seconds, for kind of business. Furthermore, Koch(2011) indicate that 20% of clients usually account
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4 for 80% of profit. This means that business need to focus its most valuable customers. Therefore, potential customers would like to increase their customers service experience by faster and precise service and also they would always want to focus on their most valuable customer. This way, the business owner of fast service based food and beverage business to be successful even leading to higher revenue and lower costs. 3.4 The Product and Service For most of the food and beverage businesses, they do not take to long time to make th product they serve. According to Gray(2005), for the cafs the actual drink making time is less than 90 seconds. That can we interpreted as there are other things that affect the speed of survice. Generally food are consumed in 3 specific time of the day. Majority coffee shops has most of sales are focused at the morning and afternoon. Which casue delay on the service as each business has limit to utilize its resource in allocated volume of sales. Moreover, traditional ordering sytem does not suit for the regualar customers as it cause long delay. Regular customers tend to consume what they usually have and they do not need extra explanation about the product. They know what they want. Therefore, we would offered the two kind of service to help them to manage business service. First, we would supply the specially designed wireless ordering and payment system for their customer to avoid waiting time on the que. That system will provide a inforamtion to the their customers about waiting time depending on how busy the restaurant/caf is, as indicating expected waiting time can lead customers to have higher satisfaction (Wang, 2011). This would increase better allocatoion of labour for the. However, this wireless ordering and payment service would more recommanded to regualr customer as business would still need to focus on people conection with their non-regular customers as that would promote non-regualr customer to repurchase a product in future(Masters, 2013).
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5 Secondly, for the business itself, we offer tailered information of customers who use the wireless ordering and payment system. Information is collected from the survey conducted time to time in the system and also businesses can deliver a message about promotion or any events for customers. This will also offer personalized suggestions or reward system. 3.5 Suppliers and Partners To create the wireless base ordering and payment system, we need IT technology. We can source IT companies. If the IT system is constructed, we would also need supplier who can establish infrastucture for the wireless communication system between the business and the server. We would have card companies as partner. Wireless technology does not deal with the physical money so offering card payment service can make it more comfortable. By offering additional service for the customer, like accounting ,with the information we have. We can also be a partner with accounting company like Xero. 3.6 Strategy: Focused Low Cost Our service is targeting small part of hospitality industry as we are focusing business which put emphasis on quick service. Thus, Our scope is narrow market. For the customers to make their business to be more efficeint with the fix amount of resource, our service needs to focus on low cost stretegy. The overall strategy is therefore Focused Low Cost. 3.7 Value Chain Activity: Service after the sal e The most important value chain activity for this business is Service after the sale. We are the service providing company which need to uphold its reputation. Since our offering is centered at tailed service for each type of business, so maintaining the service effectivness is most important thing for the business. If we fail to meet the customers expectation, we will be out of the market.
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6 3.8 Business Processes 3.8.1. DATA COLLECTI ON PROCESS From the intial stage, when their regular customers using a system to place order and make payment, this process allows to collect possible data about customer, receive feed back, and do survey. start Check whether registered Entering personal information eg. Date of birth and personal favorite drink Yes No Enter payment method and payment detail Data Recorded Personal details, and payment method Ordering System Retrieve customer information from Database Continue on ordering Data Recorded Selected or not Personal ordering option 1 Yes No Personal ordering option 2 Yes Personal ordering option 3 Create new order Yes Loyalty program No Payment System Waiting time information Survey or Feedback Suggest Current promotion or special offers Select option 1 Select option 2 Select option 3 Customer option Record Data Sales data saved Save Data Survey result and Feed Back recorded End Time consume is recorded and order place time is also recorded
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7 3.8.2. DATA PROCESSING PROCESS From collected data, we offer tailered information to our customers about their customers. Start Sales and customer Data Valued customer data Sales Management Categorize customer by Personal preferance Categorise by frequency of visit and product purchase amount Analyze Sales trend in a Day, Week, month and Year Categorize customer by type of product option Valuable customer Product development and quality assurance Analyze for possible revenue growth and possible promotions Yes No Data management System Generate customized information by business preference End
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8 3.9 Functionalities 3.9.1. DATA COLLECTI ON PROCESS Enables faster and accurate payment system with technology. Collect the customers data and sales information and suggest personilze promotion and special deal for each customer. 3.9.2. DATA PROCESSING PROCESS Organize and restructure the sales and customer data. Analyize and offer tailered information for the customers. 3.10 Systems
3.10. 1. WIRELESS ORDERI NG AND PAYMENT SYSTEM With this system, business can avoid tranditional one-to-one based serving for the people who knows what they would like and just need to finish payment. This allows their customer to make order and payment in the remote distance so which would eliminate unnecessary waiting time. 3.10. 2. CUSTOMER AND SALES DATA COLLECTI ON SYSTEM While the ordering is proceed, for each stage, this system colllects the customer data and this would enable to conduct the quick and easy survey to collect the additiona customer data. Plus, it will let the business to receive the feedback from the customers immidiatly. 3.10. 3. CUSTOMER AND SALES DATA MANAGEMENT SYSTEM From the collected data, system sort and organize the information about their valued customes and and the sales trend, product selling trend and so on. And by processing this data, system will generate personalized suggestion for each customers and critical information for the business.
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9 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
Service
After
Sale
1. Data collection process 1. Enables Faster ordering and payment
2. Collect data from customers and recommand according to personalized preference Wireless payment and ordering system
Customer and sales data collection system
Customer and sales data management systme Wireless-transaction processing system
Customer relationship management system 2. Data processing process 1. Organize and restructure date from customers
2. Analyze business trend and offer personalized information for business Customer and sales data collection system
Customer and sales data management systme Knowledge management System
Decision support system
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10 CONCLUSION Our business is offering faster and personalized information for both fast service food and berverage business and their customers. We emliminate the turnel neck in the business and increase customer satisfaction which will enventually lead business to leading position in this competitive environment. To make that realize, our business stucture will be built over the support of information system and information technology. With IS and IT there will be unlimited possibility to tailer our customers business to maximise its efficeincy.
REFERENCES
1. Gray, S. (2005). Coffee on the double. The Wall Street Journal, 1-2. Retrieved from http://www.kellogg.northwestern.edu/course/opns430/modules/process_analys is/Readings_ProcAnal/Module2Starbucks2005WSJ.pdf
2. Koch, R. (2011). The 80/20 principle: the secret to achieving more with less. Random House LLC
3. Masters, M. (2013). The Importance Of Human Interaction Over Technology. Retrieved from http://www.business2community.com/marketing/importance- human-interaction-technology-0701897#!P6RO8
4. Pruyn, A. & Smidts, A. (1998). Effects of waiting on the satisfaction with the service: beyond objective time measures, International Journal of Research in Marketing, 15, 4, 321-34.
5. Wang, P. C. (2011). How can Restaurant Waiting Time Experience Influence on Different Customer Groups Waiting Time Satisfaction?. Retrieved from http://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1263&context=gradc onf_hospitality