FSSM'S PERFORMANCE OPTIMIZATION SERVICES

"Performance Optimization”, is simply finding and resolving inefficiencies within an organization's operating practices depriving the realization of its profit potential.

Performance optimization will not prevent business failure, due to lack of due diligence in the startup phase.  

 Your business plan financials should include revenue projections and a breakeven analysis. 

 If your breakeven revenue requirement is established at the peak of your revenue feasibility you best step back and re-evaluate.

Profit optimization is the actual end reward to optimizing your operational practices to be as perfect, effective and functionable as possible.

FSSM's management consultancy services performance optimization process begins with a baseline of data analysis, followed by observation of business practices, a business self-assessment, a documented solution strategy and an implementation of new practices and follow-up.

The business-self assessment is to identify key areas of opportunities in the organization and monetize their potential for priority implementation.

Solutions to achieve optimization of your profits will be developed directly in response to the self-assessment of the ownership practices and responsibilities, management and staff performance, and that of your supply chain.

 Many solutions to be implemented in the process may be a one-time effort in their development and have on-going use. 

The entire performance optimization process and premise is to improve all performance. Exceptional high-quality food and customer service standards are non-negotiable.

The business self-assessment will likely identify some requirements from ownership to include a clearly documented operating manual establishing the ownership groups operating parameters, expectations, practices, and methodologies for training its staff and protecting its brand.

An operation's direction, policies, practices, and performance should not be impacted as a result of management and staff turnover. The work you do through the performance optimization process will provide you with the means to operate with consistency through these management changes and may just lessen your turnover rate altogether.

An honest business self-assessment will expedite zeroing in on profit loss opportunities within your organization.

The following is a sampling of FSSM's management consultancy services business self-assessment questions that should be asked, the list is not intended to be all inclusive:

CORPORATE BUSINESS SELF-ASSESSMENT 

• Do you have a company handbook
• Do you have a documented wage structure guide
• Do you have a documented interviewing, hiring and staff orientation practice established
• Do you have a documented training program
• Do you have procurement contracts & approved suppliers
• Do you have purchasing volume approvals established
• Do you have a checks and balance between bookkeeping and deposits
• Do you have a checks and balance between payroll processing and pay check distribution
• Do your employees have the proper tools to perform their jobs at a high-level
• How often do you perform physical inventory
• How often do you produce an operating statement

F&B MANAGEMENT ASSESSMENT

• How many deliveries per week do you receive
• Do use product pars for ordering
• Who receives and puts away your F&B orders
• Are your F&B menu items cost out with recipes
• Are POS product movement reports reviewed daily
• Do you use a requisition and perpetual inventory system for your bar products
• Do you have a documented employee eating policy
• How often are prices reviewed and what is the process
• Are the right staff utilized for the appropriate prep

BUSINESS SELF-ASSESSMENT STAFFING RELATED

• Are base staffing standards established  and in place
• Are employee timekeeping policies documented
• Do you have current employee job descriptions for each position
• Are new weekly work schedules posted each week

REPORTING & TECHNOLOGY

• Do you have reviewable various P&L statement formats
• Do you have the right POS to support you data need requirements
• Do you use a payroll processing 3rd party or process your payroll inhouse.
• Do you get theoretical product cost reports from your POS 
• Do you perform DII tracking
• Do you use the standard chart of accounts for accounting