Transcript

• Session Spotlight: Retail Baking: How to get your prices right, cut waste & operate a wholesale subsidiary
• Hello, my name is Luke Karl, and I'm currently the operations manager of the US market for Cybake Limited, a bakery software company. My role here at Cybake, along with my years of experience as GM of Dinkels's Bakery in Chicago, has given me a great insight into how bakeries can benefit.
• What topic/trend does this session cover and why is it important?
• So the topic that I'll be talking about is how to automate necessary admin tasks in your bakery, such as getting your prices right, cutting waste, and generally becoming more sustainable and profitable. This is really important because the retail bakery market is extremely competitive and operating an organized, efficient, and profitable business that can consistently offer high quality and affordable product to consumers is more essential than ever to stay relevant. Utilizing software solutions currently on the market can facilitate this by leveraging the data that every bakery owner already has at their disposal.
• What will attendees learn from this session?
• So at the end of my session, I hope you will gained insight into how in a super competitive sector the availability of the right products offered at the right times make a critical difference to your bottom line, and how the combination of getting a grip on product pricing with an efficient costing system and utilizing your own sales history to forecast sales it is possible to reduce waste at the same time as increasing sales, making your operations more lean and profitable. In addition, you'll understand why so many retail bakers develop a wholesale side to their business and the best ways to manage this new revenue stream. Thank you.