Daffodil International University
Faculties and Departments => Tourism Concept => Tourism & Hospitality Management (THM) => Business & Entrepreneurship => Tourism Trends => Topic started by: Kamrul Hasan Bhuiyan on May 30, 2019, 04:23:46 PM
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Smarter and More Efficient Operations
Operational efficiency is a buzz word for manufacturers, and every company in the F&B industry is aiming to achieve it. Operational efficiency can be increased by integrating workflows and reducing manual processes, connecting business groups and systems, streamlining processes to make better decisions, and implementing process improvements to turn growth into profits.
Let’s take smart vending machines as an example to understand this. According to Business Wire, “ The global vending machine market is expected to grow at a CAGR of over 3% during the period 2018-2022.” Players in the market are introducing innovative vending machine technology that allows these machines to accept payments that are