what can be the sales forecast, evaluation and control plan for bluebottle coffee.
The success of Blue Bottle’s depends mainly on the ongoing availability of a sufficient, fresh supply of specific pastry options, thus it it’s important that the cafe leaders must maintain a sufficient inventory for such items several times a week. Blue Bottle Coffee’s can make the demand predictions and sales forecast based on sales history, growth predictions, and current inventory with high accuracy. Accurate sales forecast would ensure the best approach in balancing between desired profit and reasonable waste, increasing customer satisfaction of Blue Bottle cafes.
The sales prediction and evaluation can be performed with artificial intelligence and machine learning such as Amazon SageMaker Batch Transform and Amazon SageMaker Training. Forecasting pipeline can be used for obtaining the data to be run through the model. It applies best hyper-parameters in S3 for making a demand prediction. It is recorded in S3 and RDS, and can be applied in reports on demand forecasting in the platform’s dashboard of Cafe. Sales forecast can be performed once a week with subsequent updates on daily basis based on the updated data from the Blue Bottle cafes. It can help to aligns with their motive of increasing the revenue and zero waste goals. With following the predicted orders and a close monitoring the sales can be evaluated the control plans can be developed to cut waste, and improve food utilization.
what can be the sales forecast, evaluation and control plan for bluebottle coffee.
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