GOALS & COMPARISONS
Performance Zones
Benchmarking today is not reliable. The data sample is too small, and is gathered through questionnaires--not direct from the data source. The data is not standardized making it skewed, and by the time it is compiled and published--its over a year old. In its current format, it is difficult to assimilate into operational decision-making.
Prime Cost % Sales Performance Zone
Liquor Cost Performance Zone
Performance Zones is the next generation of gauging your business's performance--utilizing a data warehouse of source data that is standardized, and updated in a real-time environment. It becomes actionable intelligence when incorporated into the measures that drive your bottom-line. Look beyond the walls of your business to be the best you can be.
Target Zones
Liquor Cost Target Zone
Goals are the pathway to achieving desired results. Goals create team focus and individual accountability. They can be most powerful when tied to incentives. It is possible to change behavior and increase performance levels by providing the access and visibility into measurable goals.
Target Zones is the next generation of implementing goals at the individual, location and corporate level for all measures that affect the bottom-line. You can easily set criteria based on past performance, or in relation to other businesses performance levels. You can set a score in the 90th percentiles of how other businesses performed for a given measure. Target zones can be set on a range of numbers or just one.
Prime Cost % Sales Target Zone
Comparisons
Performance Gaps is a powerful by product when Target Zones are compared to Performance Zones. Whether you are comparing past performance from within the business, or competitors across town or across the country; Performance Gaps will tell you what level of performance the business can realistically achieve. Also, by monetizing each performance gap, the earning potential of the business can be tracked and monitored. It is a new window into under-performance, and it brings a whole new meaning to leaving money on the table. Now, financial goals can be met by re-capturing lost dollars utilizing existing resources.