What is a Food and Beverage Sales Dashboard?
Food & Beverage (F&B) Sales Dashboards are considered revenue analysis tools and are used by venue managers and financial managers to monitor key sales metrics related to F&B revenues from venues and events/games. Some of the main functionality in this type of dashboard is that it displays charts focused on vendors, food and beverage categories, payments and service level. Information includes: 1) Each vendor’s percent of total F&B sales, 2) Time to serve versus quantity sold, 3) Payment methods used, 4) Sales ranked by vendors, 5) Revenue ranked by F&B category, and 6) F&B sales by event/game. You find an example of this type of dashboard below.
Purpose of Food and Beverage Sales Dashboards
Sports organizations use Food and Beverage Sales Dashboards to give managers a clear view of F&B performance metrics. When used as part of good business practices in Financial Planning & Analysis (FP&A) departments, a company can improve its revenues and optimize decisions related to venue restaurants, and it can reduce the chances that poor performing vendors and F&B categories lead to sub-optimized sales.
Example of a Food and Beverage Sales Dashboard
Here is an example of a F&B sales dashboard with vendor, item and payment analysis.
You can find hundreds of additional examples here
Who Uses This Type of Dashboard?
The typical users of this type of dashboard are: Revenue managers, financial executives, venue managers, F&B managers.
Other Reports Often Used in Conjunction with Food and Beverage Sales Dashboards
Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Food and Beverage Sales Dashboards, along with detailed F&B sales reports, profit & loss reports, KPI dashboards, sales budgets and forecasts and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100â€™s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Sports industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards