QSR Asset Management Software: What are the benefits?

QSR Asset Management Software What Are the Benefits

Speed and efficiency are the driving force of every successful quick-service restaurant (QSR). For anyone operating a QSR, and particularly multi-site operations, this fast-paced industry requires specific and highly efficient workflows. Hence, an impeccably organised operation is a must for providing excellent service and ensuring recurring profits.

Moreover, maintaining food quality, adhering to food, safety and compliance regulations, and making sure everything is on schedule is by no means an easy task. It is made even more complicated when the kitchen, store and delivery teams use predominantly manual processes that don’t collect data in real-time.

Utilising asset management software that is also capable of full facility management can play a huge role in helping quick-service restaurants proactively manage their facilities and uncover data that enables them to lower service costs, improve operational efficiency and ultimately provide the best possible experience to their customers with minimal disruption.


Asset Management Software in QSR Businesses

To successfully run a QSR business, you need to actively monitor and manage assets such as equipment and vehicles along with your general facilities. This is where a dedicated software solution comes in handy.

Asset management software enables you to maintain complete control over your QSR assets. You can capture all your assets digitally, with the optional aid of QR codes, to gain total traceability over any repair work that is done and associated costs for maintaining your facilities. It also allows you to schedule planned maintenance activities that keep your business running smoothly and minimises your operational down-time.

Regardless of the number of assets your facilities own, capturing and analysing detailed asset data gives you the power to transform your business. Collecting comprehensive data about your assets empowers you to make better decisions for your your restaurant whether purchasing new equipment, running day-to-day operations more profitably, reducing costs, or making long-term strategic calls that give you a key market advantage.


The Benefits of QSR Asset Management Software

The best QSR asset management software provides owners with a wide range of benefits that help to improve multiple aspects of their business. Here are just some of the key benefits that QSR businesses can expect to gain by utilising asset management software:

  • Improved Mobility: By coming packaged with a dedicated restaurant app, the right asset management software can allow you to seamlessly log service requests and manage your restaurant’s assets while on the go.
  • Integrated Analytics: Utilise analytics and dashboards to monitor your restaurant assets which helps you improve uptime, increase servicing efficiency and verify the quality of work done.
  • Scheduled Maintenance: Proactive restaurant servicing is made effortless by asset management software as you can schedule auto-dispatch recurring maintenance activities that include custom checklists for a worry-free experience.
  • Full Servicing: Asset management software that accommodates full facility maintenance will provide you with a complete overview of your vital cooking and refrigeration assets, while also addressing all of your facilities servicing needs, from hygiene and plumbing to battery, electrics, and lightbulb replacements.
  • Contractor Management: Keep your contractors updated with compliance requirements and provide them with all the information they need to service your assets effectively with the right asset management software at hand.
  • Self-Triage: Bake your operational knowledge into the platform and minimise unnecessary call-out fees with a custom-built triage process that supports your restaurant staff by recommending actions to take and rectifying issues without the attendance of a contractor.


Wrapping Up

Without minimising your business expenses, maintaining full transparency over your facilities and making the day-to-day operations as efficient as possible, you end up throwing good money after bad and run the risk of potential OH&S issues.

In today’s competitive QSR environment, differentiation has become a major challenge, and adopting innovative solutions can give you a powerful advantage.


Ready to take the next step?

Schedule a live demo with one of our product experts to get a preview of how mendrhub’s asset management software can take your quick-service restaurant to the next level.

FMCG Brands: How technology transforms the asset management process

The Fast-Moving Consumer Goods (FMCG) industry faces countless challenges due to market volatility, fierce competition, changing costs, new business models, and fast-changing consumer expectations.

For FMCG brands, a comprehensive POS Trade asset management process can help organisations face these challenges while improving their assets’ utility, maximising brand exposure and successfully managing P&L expenses in the process.

Asset management platforms are critical for enabling you to run your operations effectively by managing the entire asset lifecycle, from purchasing, branding, warehousing, the setting up phase, pre-delivery checks and logistics to in-field reactive and planned maintenance.


How Is Asset Management Software Beneficial for FMCG Brands?

Asset management is pivotal for any business that invests time, money, and resources into preserving and presenting its consumer products. Chances are, each moveable point-of-sale asset is critical, with asset downtime leading to loss of product and a major impact on day-to-day business operations and sales.

Most FMCG industry brands promote their products inside retail stores using assets such as display refrigerators, freezers, food warmers, vending machines and digital signage.

For example, Red Bull refrigerators are a common sight in retail stores, serving the primary goal of selling their product while promoting their brand to new and existing customers and keeping their product cold for consumers to enjoy.

Let’s say a refrigeration unit has an issue that needs to be sorted out urgently. You need to quickly locate the faulty equipment, issue a service request, potentially order a replacement part, and remove the bottleneck without affecting the bottom line and the workflow. This is impossible to achieve at scale without a comprehensive asset management system in place.

Point-of-sale assets must be monitored regularly, as evidenced by three critical factors that impact profitability within the FMCG industry:

  • Safety and Relocations: Moveable assets can be an easy target for theft and are vulnerable to accidental or deliberate displacement. Monitoring these assets with a system that supports geo-tagged locations and complete tracking of asset movements is pivotal for a successful relocation and prevention of asset displacement.
  • Ensuring Product Quality: There are cases when unmonitored refrigeration units unexpectedly turn off or deviate from their ideal temperature range. This can significantly impact the quality of perishable products and negatively affect consumer experience. A system that can track connected assets, Internet of Things (IoT), will instantly detect performance faults and can trigger automated workflows to rectify the problem.
  • Preventing Asset Misuse: FMCG brands can also face misuse of their assets, mostly from brand contamination where competitor branded products are displayed in their free on loan display merchandisers. This compromises brand merchandising standards, display planograms and brand value. By capturing service data and asset images through asset management software you can ensure that your assets are being deployed to best promote your brand.

So, are there any software solutions on the market that can provide you with all the benefits listed above and much more? The answer is a resounding yes!

There are countless benefits for FMCG brands using mendrhub as their complete end-to-end asset management software. With mendrhub you are not just investing in a powerful asset management platform built for moveable mission-critical equipment, you are also investing in a digital transformation bringing you the very best in automation, data-driven intelligence, and efficiency.

  • An integrated platform: The mendrhub platform embraces cutting-edge technologies and dashboards designed to make managing your asset fleet easy by enabling continuous improvement within your business.
  • A complete self-service system: Giving you unlimited support that is always there when you need it, mendrhub lets you take control and make the changes you need when you need them.
  • Real-time data and analytics: You can collect rich data and use mendrhub’s comprehensive, actionable data visualisations, reports, and business intelligence to deliver continuous value for your FMCG brand.
  • Interconnected systems: mendrhub allows you to integrate any third-party ERP & CRM platforms by using an out-of-the-box API and webhook configuration to help you automate workflows and redefine business efficiency.
  • Customer app and service requests: Your customers can log and track service & logistics requests through the mendrhub online portal or a dedicated custom-branded mobile app.
  • Equipment troubleshooting self-triage: Your customers can undertake self-triage diagnostics via a custom branded booking app, with the rules easily adjusted through a powerful, configurable tool that embeds business knowledge.
  • Contractor management and risk mitigation: You can manage compliance, site inductions, accreditations, COVID-Safe Plans, insurance, skills, geographic coverage, business hours, rates, van stock and more.
  • Field and workshop repairs and refurbishments: Mobilise your technicians, third-party contractors, auditors and field managers on a single platform, empowering them to manage all requests from start to finish while on the go.
  • Scheduled field and workshop repairs: With mendrhub, you can schedule recurring, auto-dispatched workshop activities and repair jobs ahead of time to service your equipment and arrange other required services on a proactive basis.
  • Scheduled asset movements: Manage asset pick-up, delivery and swap-overs across outlets and warehouses, with customers able to request preferred times and logistics providers able to attach proof of delivery for auditing purposes.

mendrhub is all of the above and so much more!

It’s context-rich embedded intelligence that operates through a seamless user interface, simplifying complex processes and providing you with powerful data that helps you to continuously learn from and improve your business operations.

We provide asset management solutions that fit the requirements of any industry, including FMCG, Quick Service Restaurants, Equipment Manufacturers, Equipment Distributors, Fleet Asset Managers and Equipment Service Providers.

We’d love to show you how mendrhub can help you reach your asset management goals. Contact us today to book your personalised demo, and we’ll be in touch promptly.