Mirus Reporter

What a great conference this year! I want to thank everyone who joined us, especially the presenters and panelists. This year we made it back to lively and always exciting Vegas strip. Check out our photos here.

Has Data Become More Valuable Than Oil?

Read an article on this very subject. Think about it, every day you can find something in the news about businesses using data to make more money. With that in mind, I wondered if Mirus clients were ahead of the curve? If they are, could their actions of leveraging data be paying for itself?

The Foundation

For the purpose of this article, let's make the assumption that the multiple restaurants you oversee have, in some form or another, a POS system, an established holiday calendar, weather data, customer satisfaction surveys, kitchen timers, and a labor management system.

If you only have a few of these systems in place, that's okay. I just wanted to name the data source systems that could be leveraged for this reporting overview.

A look back on 2016

Listening and Improving

I asked Dina Misener, Manager of Application Development at Mirus to share her thoughts on what Mirus has accomplished in development during the 2016 year. Here's what she had to say:

"When asked to summarize what the Mirus development team accomplished over the past year, I paused and smiled. In my 15 years as a Mirus development team member, it gives me enormous pleasure to recognize we have had one of the most accomplished years in our history. Mirus underwent a major architectural and visual overhaul. The highlight of the year included the delivery of our new Smart Dashboard and Report View. Both of which were no small task and all teams, not just development participated in making our launches in March and September, a successful one."

You'd think employees of restaurants know why it is important to collect customer feedback, right? Not to say that your employees don't care about customers in general, but I wonder if they understand that the data customers give management can be leveraged into profits and improve job satisfaction! Let's take a look at how this could be.

Restaurant Scorecards

Restaurant scorecards have long been used to monitor the success or struggles franchise locations may be going through at any given point in time. Similar to a grade school report card, operators can get a glimpse of unit sales, costs, execution, media spending, revenue bands, area demographics, and more.

Now days, there are systems that can take operating data and use that information to compare unit to unit or geographical area to area. It can be a quick and effective way to reward and offer assistance to franchisees.

So why is it important to scorecard each location to it's granular level? Below are 3 examples!

Save Time, Save Money

Is time really money? I think so, you only have so much time in a day. If you could save time by making your job more efficient, then you can effectively save money. Improving business efficiency can be achieved through exception based reporting.

What is a KPI?

Before we delve into our KPI discussion, let's discuss what exactly is a KPI?

A Key Performance Indicator or "KPI" is a measurable business metric used to evaluate factors that are crucial to the success of an organization. A set threshold is used to gauge whether a KPI metric is performing better or worst than your threshold.

Employee Spotlight:

Matt Brock, UI Developer, Mirus Restaurant Solutions

At Mirus, we have an exceptional team of people that all strive to serve our clients in the best way possible. Our clients are our highest priority and we understand that without their ongoing support, we would not be able to continue in any worthwhile direction.

Asking the right questions, is just as important as finding the proper answers

In order to find the proper answers, I wanted to understand what's the difference between product mix and market basket analysis? What are the advantages and disadvantages to those reporting methods? Is it more appropriate to use one method over the other? I sat down with a few Mirus employees to understand a little more about the two different analytical techniques.