Name Nisha Tank NetID ntan239 Group Number: 208 Website Link: http://infosys1102014fcgroup208.blogspot.co.nz/ Tutorial Details Tutor: Day: Time: Kayur Ramson Monday 12pm Time Spent on Assignment: 1 week Word Count: 1649
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2 SMART MENU INTRODUCTION What makes you choose a restaurant? One that has little wait times and good food? The problem is the inconvenience of ordering that customers experience in a restaurant. Our solution is Smart Menu, a website that enables different restaurants businesses to subscribe to and also provide each individual restaurant interractive touchscreen tables in which their customers can place their food orders efficiently and effectively through our website. 3. BUSINESS SECTION 3.1 Vision Smart menu aims to create a fun, easy reliable electronic menu system which makes ordering meals a joyful experience for everyone. 3.2 Industry Analysis: Food Ordering Kiosk Industry Industry: Food Order Kiosk Industry. Force: High/Low: Justification: Buyer power: Low In NZ, buyers dont have many options to choose from. Our product is something that hasnt been frequently implemented in New Zealand restaurants as the technology is recent and is still being developed, therefore buyer power is low. Restaurants have been slow to implement kiosks(Kiosk Marketplace, 2011). Supplier power: Low Its easy to source parts for the touch screen table within NZ and internationally. Due to our website being reliant on the internet, there are many
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3 different internet providers to choose from. Threat of new entrants: High Is high as it is a relatively easy industry to get into in terms of aquiring the right technology to implement food ordering kiosks. Barriers to entry are low, and start up costs arent too high. Threat of substitutes: High High as there are other alternatives to to an ordering kiosk such as making payments online via smart phones or tablets. Also at-the-counter customer service. According to Kiosk Marketplace, Some consumers may prefer self- service to face-to-face interactions because of the privacy, accuracy and personalization it can provide. (Kiosk marketplace, 2011). Rivalry among existing competitors: High Not many restaurants nationwide offer this service to their customers. The technology behind food ordering kiosks is still in the development stage and therefore competition is not fierce however according to QSR magazine, Restaurant industry quickly adopting 21st century technologies, this experience might soon become the norm. (QSR Magazine, 2011) Overall attractiveness of the industry: The attractiveness of this industry is relatively favourable based on the industry analysis, with buyer power being low and rivalry among existing competitors being low it may be easy for new companies to create a profit. Its a favourable industry for companies with new and unique product that differentiates their product to others in the industry and are therefore able to gain a first mover advantage.
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4 3.3 Customers and Thei r Needs Our product caters to NZ restaurants. Decreasing printing costs from menues and reducing the number of wait staff can lead to huge revenue savings for restaurants. Theyre able to improve the quality of food and decrease cycle time. Our product can increase accuracy in orders as consumers are in full control of the ordering process (Kiosk Marketplace, 2011). With the additional activities in the website (games, tv-shows etc.) restaurants will be able to improve overall customer satisfaction. 3.4 The Product and Service Smart Menu is an interactive touchscreen table with a website in which restaurants can subscribe to. This website contains an online menu therefore no paper menues are required. Customers may select food items they would like to order by inserting it into their virtual shopping cart. The payment for the meal may only be made by eftpos or credit-card; they scan the card and the payment is made. This avoids any problems with cash and to approach a faster payment method. Orders are then sent to the chefs in the kitchen who are able to view orders on their screen. During wait times, customers can pick their source of entertainment to enjoy with the meal. Smart menu can generate new revenue streams for restaurants as theyre able to cut down on wait staff. (Verifone, 2010.) 3.5 Suppliers and Partners The suppliers for Smart Menu are electronic parts suppliers whom are able to provide high quality parts to make long lasting food ordering kiosks. Our second supplier are Internet providers because without the internet we would not be able to run/update our website. Our partners are restaurants in New Zealand e.g. Nandos, Lone Star etc. as it will be a mutually beneficial relationship as we are providing them with our product which will help decrease their cycle time as well as improve customer relationships. In return they will provide us with valuable feedback which can help us further improve our product.
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5 Another partner is an iTunes Appstore whom can provide us with the additional activies such as games or tv-shows needed for our product. This will help them promote their service to our users. 3.6 Strategy: Differentiation According to Dinefind, the restaurant industry is very broad there are many restaurants in NZ, small and large, casual and formal, all offering differing styles of food(Dinefind, 2014). Therefore, the competitive scope for our company is broad market as we aim to provide our service to the many different restaurants in New Zealand. The price strategy for our company is going to be high due to the costs involved in making and implementing the kiosk and underlying systems so we will need to provide high quality materials that will last. The overall strategy is therefore Differentiation. 3.7 Value Chain Activity: Service after Sales The most important value chain activity for this business is Service after sales. Due to our overall generic strategy being differentian, Its important for us to keep up with current trends by maintaining the products performance after the product has been sold.. This involves updating the additional activties such as installing new games and tv-shows on the website and also to repair any faults. Service after sales helps ensure we can achieve our vision by creating a fun, easy, electronic menu system which makes ordering meals a joyful experience. Offering high levels of customer service differentiates our company from our competitors. 3.8 Business Processes 3.8.1. FEEDBACK RECEI VI NG PROCESS - This process involves receiving valuable customer feedback which can be collected when customers pay for their order. A pop up questionnaire will appear on the website and customers can rank satisfaction of service from a scale of 1 to 5. After analyzing the feedback, we will take action based on the results. This process allows us to analyze and improve certain aspects in ourbusiness which in turn improves customer satisfaction and increases productivity.
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7 3.8.2. WEBSI TE UPDATING PROCESS - This process allows us to better perform to customers needs and to keep up with current trends and will involve the actual updation of the website. This includes installing new additional activies and updating current ones. Deciding what needs to be updating is done during the planning stage. After this, our product is checked to see if an update is required. We then gather the new content and design it in a way that best fits our website. After this, we test the website to see if any problems arise. After successful updation, we inform the restaurants to let them know of any changes made. This process is essential to Smart Menu as it allows for the improvement for out product and it encourages more users to to use our product as opposed to our competitors.
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9 3.9 Functionalities 3.9.1. FEEDBACK RECEI VI NG PROCESS Sending the questionnaire to customers. Collecting and analyzing feedback received. 3.9.2. WEBSI TE UPDATING PROCESS Updating the website by installing updates Informing customers of the update. 3.10 Systems
3.10. 1. FEEDBACK ANALYSIS SYSTEM - This system provides a questionnaire upon payment to our consumers. Then it analyses all the feedback received and groups it into two categories, positive and negative. This system allows us to analyze the feedback to know which aspect of the product we should improve so we can ensure our product is reliable in turn allows us to increase the productivity of Smart Menu. 3.10. 2. WEBSI TE UPDATI NG SYSTEM - Because our aim is to differentiate our product from our competitors, its important that we live up to our vision by providing to our customers a fun new way for ordering meals. This system primarily updates the Smart Menu website with fresh new content and then tests the website to ensure everything is working correctly. Updating is important as it gives the customers a reason to return. 3.10. 3. CUSTOMER COMMUNICATI ON SYSTEM - This system involves communicating with our customers (restaurants) regarding website updates or any complaints regarding our product. This system uses instant messaging or live chat to communicate with customers efficiently. Effective communication allows us to bring satisfaction to customer needs and ensures reliability of our product. (Small Business, n.d.).
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10 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
Bavarian bergkase fromage queso 1. Feedback receiving process 2. Sending the questionnaire to customers.
3. Collecting and analysing feedback received from customers. Feedback analysis system Decision Support System 4. Website updating process 5. Installing new updates.
6. Informing customers of updates. Website updating system
Customer communication system Enterprise Resource Planning System
Customer Relationship Management System
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11 CONCLUSION In conclusion, Smart Menu is a proactive solution for the inconvenience of ordering meals that customers experience in a restaurant. Its a website with a unique food ordering method and additional activities all implemented in an interactive touch screen table. It can benefit the restaurant as a whole by reducing costs and increasing throughput. The value of IS/IT in Smart Menu allows us to have have a fresh approach for ordering meals that will help make the dining experience for consumers an efficient one. This gives it a first mover advantage in a broad market this is what differentiates Smart Menu from its competitors. REFERENCES
1. Cherryh A. Butler. (2011). Kiosks order up faster fast food. Retrieved from http://www.kioskmarketplace.com/articles/kiosks-order-up-faster-fast-food/ 2. Jordan Melnick. (2011). Giving Consumers the Magic Touch. Retrieved from http://www.qsrmagazine.com/ordering/giving-consumers-magic-touch 3. Dinefind. (2014). About Dinefind. Retrieved from http://www.dinefind.co.nz/information.php?info_id=3&dinefindSid=14s1l71ttpj8opoj3 dghe3frn3 4. Leigh Richards. (n.d.). Effective Communication in Customer Service. Retrieved from http://smallbusiness.chron.com/effective-communication-customer-service-4806.html
5. Verifone. (2010). Extending the Self-Service Revolution. Retrieved from http://www.verifone.co.nz/media/1420616/VeriFone_Self-Service_WP.pdf 6. Revel Systems Launches Consumer-Facing Ipad Kiosk. (2012). Retrieved from http://www.qsrmagazine.com/news/revel-systems-launches-consumer-facing-ipad- kiosk. 7. Carolyn Khew. (2014). Self-Service Kiosk Takes Food Orders. Retrieved from http://www.soshiok.com/content/self-service-kiosk-takes-food-orders 8. Varzan .S. Kolah. (2011). To Self-Service or Not To Self-Service? That is the Question for Hotels. An Exploratory Study of Senior Hotel Managers Perspectivest. Auckland. Retrieved from http://aut.researchgateway.ac.nz/bitstream/handle/10292/1339/KolahV.pdf?sequenc e=3 9. Laura Walters. (2014). Shopping Moves Into Fast Lane. Retrieved from http://www.stuff.co.nz/business/industries/9698449/Shopping-moves-into-fast-lane