TAMPA, FL, October 23, 2019 — Revenue Management Solutions is proud to announce that its Chief Executive Officer, John Oakes, was named to the Tampa Bay Business Journal’s 2019 “40 Under 40” list. Oakes was chosen from a record field of 300...
Franchisors and franchisees benefit from powerful SaaS solution that assesses global financial health TAMPA, Fla.–Revenue Management Solutions, a global enterprise providing patented, data-driven solutions that drive sales and profitability for over 100,000...
Study uses eye-tracking software to reveal how digital natives and non-natives react to menu medium and design TAMPA, Fla., Oct. 1, 2019 — Revenue Management Solutions has partnered with the newly opened Center for Marketing and Sales...
TAMPA, FL, September 17, 2019 — Narrowed from a field of 300 nominations, Jana Zschieschang was named one of Tampa’s most powerful and influential businesswomen by the Tampa Bay Business Journal. The group of 29 trailblazing women was chosen...
What role does our brain play in the way we read menus? In the first in a series on menu design and engineering, we take a look at current industry practices on how operators use menu design to drive sales. The saying goes that we eat with our eyes and there’s...
Our CEO, John Oakes, sat down with Full Stack Talent to talk about his career, RMS and our methodologies. Read the full interview in Full Stack Talent here.
While restaurant traffic was down in 2018, many restaurants saw flat to positive sales growth due to increases in average check size. And while many brands raised their prices between 2–4 percent in 2018, others were able to achieve higher check growth through...
Most convenience stores have made huge strides in foodservice but are uncertain of the “next step.” Quick-service restaurants (QSRs) and fast-casual brands have spent more than 50 years examining every aspect of customer behavior, so their experiences can...
More states around the U.S. are raising the minimum wage in 2019. In total, 20 states will raise their minimum wage this year, with substantial increases of $1 in some states. For example, Maine’s increase will be 10 percent, Massachusetts’ is 9 percent, and...
TAMPA, Fla. & HOUSTON– Revenue Management Solutions (RMS), a leader in providing data-based solutions for pricing and menu optimization to restaurant clients, has partnered with restaurant branding agency Norton Creative. The partnership brings two uniquely...
Graduate students worked with Revenue Management Solutions to determine the effects of such changes as menu prices and marketing TAMPA, Fla., Sept. 24, 2018 –Revenue Management Solutions (RMS), a leader in taking a data-based approach to restaurant...
Many restaurant operators are taking advantage of dynamic pricing, but is it the right move for your brand? A few restaurants have been successful in executing dynamic pricing as a core part of their strategy, with the most well-known being Chicago restaurant Next,...
Andrea CastilloWPAndrea Have you considered partnering with a private-equity firm to grow your restaurant? For restaurant operators that want to grow and need funding, partnering with a private-equity investor can be a good place to start, as long as operators fully...
These days, most jobs involve knowledge work, where an employee’s main contribution is subject-matter expertise, which in turn drives a growing need for individuals to take responsibility for managing their own performance. Consequently, the role of “managers” is...
TAMPA, Fla., Oct. 30, 2017 — Revenue Management Solutions (RMS), which provides a data-based approach to menu pricing and optimization to leading restaurants worldwide, has promoted Jana Zschieschang, its President of EMEA (Europe, Middle East and Africa)...
With consumers seeking convenience, it is no secret that the delivery trend is here to stay. The strong drive towards on-demand delivery has led many third-party providers including UberEATS, Deliveroo and Just Eat to enter the market. With a vast number of delivery...
Planning and a smart approach to menu strategy can mitigate the effects. Restaurant operators may see dramatic prices increases for certain products several times a year. In 2015, the cost of eggs spiked due to avian flu, which reduced the count of table-egg-laying...
Just as restaurant managers figured out how to hire and retain Millennials, Generation Z (born after 1995) is looking for job opportunities. They have been described as being smarter than baby boomers and more ambitious than Millennials. Generation Z employees look...
Mine transactional data to understand customers and make smart decisions If you are the leader of a smaller, rapidly growing restaurant, you have to make decisions every day that may have a long-term impact on the concept’s success. Here are just a few examples: How...
For years, many restaurant operators have traditionally charged the same prices whether the menu is being used inside the restaurant, at the drive-through or for pickup, delivery or catering. But with the ever-increasing popularity of eating outside the restaurant via...
Relationship with Southern California company is a good example of how up-and-coming restaurants can benefit from RMS’ 20 years of industry leadership experience TAMPA, Fla., July 6, 2017 — Fresh Brothers Pizza, a fast-growing award-winning chain of...
Last week, we broke a record at Revenue Management Solutions and had our youngest intern at our Tampa office. Stefan Miller, from Robinson High School, joined us for a week to experience what it’s like to work at RMS. While a typical high school student may be...
Wage increases are happening across the U.S., with one of the next big hikes taking place Independence Day weekend in the restaurant mecca of Los Angeles. The minimum wage will jump from $10.50 to $12 for larger employers there on July 1. That’s a 14 percent...
Small fixes can make a big difference Now that the economy is improving and the overall 2016 outlook for the restaurant industry is positive, brands are shifting focus to individual underperforming units. Many operators default to opening new units as a way to...
Revenue Management Solutions (RMS), the industry recognized leader in providing sustainable profit building pricing solutions to clients in the foodservice and retail industries, announces the granting of U.S. Patent No. 8,417,564, A Method for Allocating Advertising...
Revenue Management Solutions (RMS), the industry recognized leader in providing item level price recommendations to chain restaurants in the food service industry, is pleased to announce that U.S. Patent No. 7,702,518 has been awarded to inventors Tom Kelly and...
