INTRODUCTION Food and Beverage Industry basically is compose of distribution & productionrelated to products & services. This industry is catering needs of all consumers, such as providing food, beverages that consumers requires. This is one of fastest growing industry in today's scenario. Present report is ondiversevarietyof food and beverage business which is expansion of present and future trends of business(Gibson and Parkman, 2018). TASK 1 P1Variety of businessesin the food & beverage industry Beverage and Foodindustry includes various different sectors that helps industry in having growth and increasing their overall revenue(Demerdash,2017). There are some sectors which are part of this industry mentioned below: Entertainment:In food and beverage industry, entertainment sector offers large variety of facilities which are used by companies to attract consumers. In changing scenario consumers
are looking not just for accommodation but they also want some entertainment facilities such as clubbing, gaming, cruise, stores and many others(Wood, 2018). Accommodationand Lodging:Thissectorhelpsinluxurioushotelsandfurther facilities includes complementary breakfast, snacks etc. there has been a complete transformation which has helped travellers in enhancing their experience of staying in hotels. Food & Beverages:This is one of importantsegment this industry posses, they are belonging to a sector that is having large customer base. This sector is also offering various food services such as catering business, restaurants, retail stores, quick establishments etc. P2Different ratingsystems used by Food and beverage industry across Globe There arevarious rating systemswhich can be used by industries who are operating infood & beverage industry, at both domestic and global level. There are main three organizations such as Visit Britain, Royal auto mobile, and Auto mobile Association (AA) used for Rating purpose. There are some margins being discussed below: ï‚·one Star: If any hotel is offering a service having a normal accommodation and basic amenities. There are no high class service being offered in such hotels who are given one star rating. They posses friendly employees and provide a separate bar to serve alcohol to their customers. ï‚·Two Star:they are more affordable in terms of hotels who have higher stars then two. They providemore comfortto customersas Compared to one star hotels. They are having high quality of food and comfortable bedrooms together contribute in having good rating. ï‚·Three star:These are having some unique amenities and they believe in providing high quality service. They offer breakfast, lunch, dinner, snacks having good quality. ï‚·Four Star: these hotels are having high quality and they provide extraordinary comfort to their customers. They provide experienced staff who are ready to provide 24/7 service to their guests(Wallace,Sperber and Mortimore, 2018). ï‚·Five star: Afive star rating hotel is famous for providing flawlessservices to their guests,for example premiumdinning options, personalized services to their customers,
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whom they treat as their guests.They believe in offering luxury toiletries to their customers. They are having well trained and highly professional staff and sophisticated atmosphere which can help who are ready to serve their customers. Above mentioned are some criteria which are used by people to judge whether a hotel is going to fulfil their requirements and expectations which they are looking for. P3Present and future trends which affect food and beverage businesses’ products & services to meet set objectives Some current and future trends which affect beverage and food industry : Tech Explosion Tech Explosion is Untitled 1best tool which can be used by companies top satisfytheir customers in Tech savy way. It helps companies that they allow their customer to operate using mobile devices, websites and applications. Organisations belongingto food and beverage industry are needed to use cloud based restorations which can help in providing personalized service to their customers. Untitled 1 Emphasis on Health and well being Individuals are giving emphasis to health and well being. It becomes necessary for Food and beverage industry that they offer quality service fitness centres, pools and spas. They also offer equipment for exercises, space for yoga, spa centre and other various facilities. Serving International customers It has been mentioned that there has been a significant rise in leisure travelling to international borders. Recently, there has been a survey and according to that Dubai international airport has been emerged as one of busiest airports. it is essential on part of companies to maintain their USP at same time modify themselves with changing culture requirements. TASK 2 P4 Illustration regarding managing food & beverage department in a restaurant There are some set related to professional skillswhich are required in a restaurant, which helps them to operate their functions and also helps them in management. Following aresome needed skills :
Customer serving skills:Itbecomes important for companieswho are engaged in this food industry that they are having a customer centric approach. There is a strong need for companies who are working on this food & beverage industry that they satisfytheir customers and provide them highly customized services.It is a keyfactor which can help company to survive for long term and maintain loyalty of their customers(Svensson and Wagner, 2015). Organisation skills:It is important that managers havea responsibility to manage different costs related to food and beverage. Various costs includes pricing, shipment, work schedules, cleaning etc. with this food manager is also required to maintain overall qualityof food to satisfy their targeted customers. Laws:There are some legal set of laws and regulation which have to be done by managers working in this food and beverage industry, to properly understand such laws. This is very important from company point of view as these laws are related to customers and they help them to ensure safety of their customers in company. Also, it is a necessity that each law has to beadhered by staff working in restaurant, hotel and other related industries. Legal laws a re made by the government of every country an strictly those have to be followed by companies on which they are applying. P5Analysing importance & value of meetingregulatory requirements and various implications of failing to meet overall requirements on overall performance of company The various types ofrules & regulations being followed in food & beverageindustry in relation to production, manufacturingand processes used for distribution it is important for companies to in this industry to properly follow all regulations so that they are able to effectively conduct all daily operations(Singh and et.al 2017). Regulations regarding Food safety:Food and safety regulations are necessarily to be followed in all organisations to handle their food segment in an effective manner. It is a requirement for Hotels and restaurants that they ensure they are providing food with required labelling and tempering. Also, if any restaurant is willing to offer liquor they need to obtain a legal license for offering such services.
Food Labelling policies:It is also a requirement offood as well as beveragesector that theyneed to do labelling of their food, withadequate measures and directions. This helps in ensuring that quality is up to required level especially in case of dairy products such as poultry, meatandegg.Failuretocompliancethemcanleadtolevyingofheavypenaltyon company(Mohammad, 2017). Food import regulations:whenever there is import being done by a company it is essential for them to adhere to licensing requirements. There are some rules related to VAT and excise duty which have to be compulsorily followed by company so that there are no hindrance in overall procedure of importing food and other related products from other countries. Above mentioned are some of legal laws which all companies who belong to this industry have to comply with. TASK 3 P6Comparing different marketing & operational technology used in food & beverage business It is analysed that with changing technology and rapid advancements being made, expectations of customers are also increasing. Especially in caseof food and beverage industry there has been lot of rapid advancements are happening. Technology plays a very important part in this industry, as this can help company in tracking the quality of food and work on its restocking and other requirements(Lelieveld, H.L., Holah, J. and Gabric, 20). There are some techniques which are given below related to food and beverage sector,which are necessary properlymanage their operations: Operational technology: Advancement of Technology:It is analysed that automatic vehicles are sometimes misunderstood with Food and beverage industry. Despite of the fact that technology is offering wide range of benefits to people. In today's changing times, food and beverage industry IS moving towards technological innovations and this has lead to usage of AGV technology to enhance efficiency in overall operations. In this technology driven world industries are taking advantage of cars which are self driven to manage warehouse operations and this attempt helps in reduction of errors. Online ordering:Companies which are part of food and beverage industry has toadapt themselvesthe changing trends taking place in the external environment of business. Nowadays,
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there is a growing trend of usage of E-commerce in this industry. There are many additional features which can be provided by these companies to their customers through this e commerce advancements(Jones, Comfort and Hillier, 2017). Marketing technology: Usage of social media: Digital media is gaining a lot of popularity this has lead companies operating in food & beverageindustry to use it as a means of advertising and promoting their brand.This is a most effective tool as mass number of customers can be approached and this is cost effective also for companies. This helps in enhancing business performance as customer's get awareness and information about various companies operating in this industry and innovations which they are bringing for their customers. Hosting events:Nowadays, companies in food & beverage industry are involved in hosting food festivals. Also, occasionally and seasonally companies areusing this toolto promote their offering and approach their target market(Gibson and Parkman, 2018). They also try to provide free beverages, snacks in such events to attract large number of people to attend that event. These events help companies in approaching large number of customers at particular point and then persuading them to buy the products and service they are dealing with. This helps in increasing overall sales and productivity of various hotels, cafes, restaurants etc. Above mentioned are some of effects ofoperations & marketing technologywhich affects food and beverage industry ans helping them in their smooth and proper functioning. TASK 4 P7 Investigation of various factors that have influence on consumers’ decision while choosing a food and beverage outlet There are some factors which is affecting overall decision of customers, when they are making a choice of restaurant, cafe and other decisions related to food and beverage industry.There are Some basic factors which is affecting consumer decision making is loyalty, quality, selecting a particular brand, quality of food and other features related to physical environment.
External environment:this is one factor which affects a consumer maximum as compared to other factors. Here, physical environment consists of combination of people, physical facilities, materials and others. For companies who are operating in food and beverage industry it becomes verynecessaryfor them toprovide to customers having high quality facilitiesand amenities. Ratings are given to hotels and restaurants based on quality of services being provided by such companies and how different it is from other companies who are dealing in similar services and with same target group of customers(Demerdash, 2017). Affordability:This is one factor which affects decision making of customers as every consumer wants to get maximum benefit by paying minimum price for it. They always want to maximize the overall satisfaction from any product or service which they are purchasing. So, this is reason why customers try to analyse choice they are going to make from point of price they are paying for it. It is very necessary forfood & beverage industryalso that they are able to keep prices of their products within a range which is easily payable by their target customers. Also, quality is something which must be given adequate importance by such companies. P8Strategies adopted by companies in food and beverageoutlets for attracting customers & having loyal customers Customer loyalty is a tool which helps every company to survive and sustain in a market for long term period. It has been analysedthat when a customer is not able to switch ro another brand and is switching to a particular company for a long period of time this automatically denotes that company has been successful in able to build customer loyalty. To build a large customer base every company needs to make timely innovations and modification with changing demands of customers. This is very useful in building goodwill and establishing brand image of company in market in comparison to their competitors(Dopson and Hayes, 2015). This also helps company in their overall promotion and marketing activities as indirectly through mouth publicity positive aspects of brand are shared. Addition to it, this tool is very useful in identifying andthen understanding needs of their customers. Company will be bale to build a large customer base. Acquisition of some new customers, retention of already existing customersare two most important function which is performed by ensuring brand loyalty of customers. Apart from this there is reduction in overall marketing cost which company otherwise have to incur if there is no
customer loyalty. Loyal customers also help in solving some problems faced by other customers. This factor also helps company in attaining a strong position in market in comparison to other competitors. Another benefit on part of company is that they are able to get honest and loyal feedback from customers, it is necessary for companies to know whether they have been able to satisfy their customers or not. This helps in further planning of company's operations and functions(Bohari, Hin and Fuad, 2017). Customer Feedback:it is important for every industry that they have are bale to get honest feedback from their customers, but in case offood & beverageindustry this becomes more important to tale regular feedback from customers. With the advancements of technology, companies have many options through which they can use to obtain feedback of their customers. Social media platforms are major example of this source which can be used to understand customers feedback and know whether company has been able to satisfy their customers through their service and product quality. If there has been dissatisfaction then appropriate measures can be taken by the company(Belyakov, 2015). Loyalty Program:It is one of best ways which will help companies operating inFood & beverage industry that will help in increasing satisfaction of customer in proper manner. Loyalty programs deals with providing free beverage, complementary breakfast, using loyalty cards, discount vouchers, memberships in club are also some very good options which can be used by companies in enhancing their satisfaction level of their customers. Engagementofcustomers:customerteenageisalsoatoolwhichcanusedby companies infood & beverage sectorto attract customers and involve them. This can be done through ways like company should take their customers opinion whenever they are planningto launch something new or are trying to bring a innovation their existing products. Customer engagement can also be measured by using tools such as repeat customer purchase, frequency of purchase by a particular custom,er and many othermeasures(Bakalis, Knoerzer and Fryer, 2015). CONCLUSION Above discussed topics clearly indicate thatinnovation happeningin digital media has lead to growth of companies. Companies who re operating in Food and Beverage industry can get maximum benefits from this new advancements. Delivering of products through online
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mode, orders placed using online available applications, tracking of orders are some features which has lead to growth of this industry. Understanding of consumer behaviour can also be done through these technological measures. With changing trends companies have realised that they can obtain a distinctive position in market only when they are able to provide some innovation in their products or services.
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