oms - final presentation
TRANSCRIPT
Order Management System – A New Dimension
TEAM
ENIGMA
The food industry is a high-risk business proposition. You’ve got a lofty level of competition and a lot of details to perfect.
Common problems faced by consumers when visiting restaurants which leads to dissatisfaction; Poor Customer Service
Incompetent Staff
Great Variation in customer service between peak and off peak timings
Solution: An ‘Automated Ordering System’ at restaurants would enable customer’s to no
longer wait in queues when making and receiving orders.
Benefits to restaurant would be cost and time saving, effective resource utilization.
Market Size: Initial research by FCP suggests Pakistani’s spend over a $1bn on dine-outs in
a year
Research further indicated there are around 2000 higher end restaurants in the leading cities of Pakistan i.e. our target market
TEAM BACKGROUND
Comprising of four members;
Waqas Idris – A computer science professional who led the idea with his
technical expertise in the field and helped us develop the prototype and web
interface
Ahsan Siddiqui – An electronic engineer from a leading university, who is
helping the team by providing his valuable input concerning system
installation and working closely with Waqas as to how system needs to be
shaped in, in order to get a bug free system installed
Hammad Siraj – Finance professional providing input pertaining to product
costing and selection of appropriate vendors. Identifying potential customers
and pitching them with our idea
Abdul Muqeet – Providing support to the rest of the team pertaining all
matters
VALUE PROPOSITION CANVAS
Key Partners
- Give Guests Control- Improve Customer
Service- Cost Saving
Key Activities
- Development- Customization- Problem Solving- After sales services
ValuePropositions
- Give Guests Control- Improve Customer
Service- Cost Saving
Customer Relationships
- Packages (Service and Hardware) + Maintenance
- Discounts- Chain of
Recommendations
CustomerSegments
- Fast Food Chains- Restaurants and cafés
Key Resources
- Hardware- Software- People
Channels- Physical channels for
installations- Online
Cost Structure
- Resource cost- Servers- Licenses- Other hardware (Samsung Tab 10 inch, costing 18k each with
battery life up to 12 hrs.)- Hired services
Revenue Streams
- Product Pricing- Maintenance / After sales- Customization
Initial Business Model Canvas
ADDITIONS/DELETIONS FROM CANVAS
Additions
Same as initial canvas
Deletions
Key Partners- Hardware Providers- Computer Technician
Agencies
Key Activities- Design & Development- Customization
- Integration of services
- After sales services
ValuePropositions
- Give Guests Control
- Improve Customer Service
- Cost Saving
- Digital Menu- Feedback
Management- Menu Suggestion
System- Quick Admin Panel- Fast Ordering- Menu Rating System
Customer Relationships
- Packages (Service and
Hardware) +
Maintenance
- free color theme
- customization for initial
customers
- free maintenance for
specific period for initial
customers
- Licensing packages
- Discounts
- Chain of
Recommendations
CustomerSegments
- Fast Food Chains
- Café and sheeshaparlours
- Bakery- Ice cream parlours
Key Resources- Hardware
- Development resources
(GD, SE QA)
- Software
- People
Channels- Physical channel for
installations- Online Services
Cost Structure- Resource cost- Development software licensing
- Prototype development and testing
- Servers- Other hardware (Samsung Tab 10 inch, costing 18k each)- Hired services
Revenue Streams- Premium Pricing
- Cost Plus Pricing 20%
- Integration of services
- licensing on cloud
- Maintenance / After sales
- Customization
FINAL BUSINESS CANVAS MODEL
Key Partners
- Hardware Providers
- Computer Technician Agencies
Key Activities
- Design & Development
- Customization
- Integration of Services
- After sales services
ValuePropositions
- Improve customer service
- Give guests control- Digital Menu- Feedback
Management- Menu Suggestion
System- Quick Admin Panel- Fast Ordering- Menu Rating System- Cost Saving
Customer Relationships
- Free Color theme (initial customers)
- Free customization (initial customers)
- Free maintenance for 6 months (initial customers)
- Licensing packages- Discounts- Chain of
recommendations
CustomerSegments
- Fast Food Chains- Café and Sheesha
Parlours- Bakery - Ice Cream Parlours
Key Resources
- Development Resources (GD, SE,QA)
- Technicians
Channels
- Physical Channel- Online
Cost Structure
- Resource Costs- Servers- Development Software- Prototype development and testing- Tablet costing from PKR 12k to 18K- Hired Services
Revenue Streams
- Cost Plus Pricing (20% markup)- Integration of services- Licensing on cloud- Maintenance (After Sales)- Customization
HOW IT WORKS
CUSTOMER DISCOVERY AND PITCH IN’S
CUSTOMER REVIEW
‘Food Bowl’ - a newly opened Chinese food restaurant
Meeting Minutes with the Floor Manager
Pain Points:
Order Fulfillment Time 30-35 minutes
Customers having complaints for customer service and unfriendly attitude of staff when the restaurant is crowded
- After listening to what we have on offer, considered an option worth reviewing in detail
- Asked us to develop and present a prototype to test how effective the system would be in reality
Initial Costing Draft:
Samsung Tab 10 inches = 18k
*Number of Tables to be installed on = 15
Server cost = Approx. 50k
LCD’s 21 inch = Approx. 15k each (Quantity 2)
Miscellaneous Expenses = Approx. 25k (Wiring, Wifi, etc)
Tab holder = 1.5k each
Profit @ 20% = 78k
Draft Cost = Approx. PKR 470k
Proposed Cost Savings
Waiters = 12 @ PKR 14k + tips each
*After the system gets implemented need for only 4, therefore, savings of PKR 112k
LESSONS LEARNT
What we found:
New idea, totally untapped market
Pakistanis spend close to $1 billion a year on dining out
2000 higher end restaurants
What we learned:
Give guest control
Improve customer experience
Change our pricing strategy
Have to offer free maintenance/customization for initial period
Viable Business???
Yes tremendous market potential if devised thru proper strategy
MARKETING STRATEGIES
Gaining customer reviews
Publishing them on our web and facebook channels
Running sponsored ads on various online channels
Visiting restaurants and pitching in our idea to their management and demonstrating them our prototypes, and existing customer reviews
Initial target: To bring in no less than 10 customers on board
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