The Optimal Price Per Menu Item, Per Channel, Per Location
Pricing with Data
The days of cost-based menu prices are over.
Traditionally, restaurants have set their menu prices based on cost. Menu prices should be based on demand. Restaurants should ask "What is the customer willing to pay" rather than "How low am I willing to go."
While restaurants have a handle on cost, measuring demand is much more difficult. JUICER provides the solution that automatically measures and forecasts demand based on a variety of factors. We then implement the optimal price, per menu item, per channel, per location. The solution then continuously makes micro price adjustments automatically. It's time to stop leaving money on the table.
HOW IT WORKS
JUICER builds an accurate forecast of demand per menu item based on historical sales.
Optimal prices are updated automatically into your POS or Digital Ordering System, within guidelines that you set.
Layering on our proprietary intelligence incorporating competitor pricing, event calendars, and even the weather.
Here at JUICER, we strive to improve the industry through collaboration with partners and customers. It's part of our mandate to provide the lessons of what we have learned and what we still need to learn to help our wider industry see the value of data-driven decision making.
"THE TIME FOR DYNAMIC PRICING HAS ARRIVED."
JOE MONASTERO / TEXAS RESTAURANT ASSOCIATION
"THERE HAS NEVER BEEN A MORE IMPORTANT TIME FOR ENTERPRISE BRANDS TO UNDERSTAND HOW RESTAURANTS CAN BETTER USE DATA TO OPTIMIZE REVENUE."
KATE COLE / FORMER PRESIDENT, FOCUS BRANDS
“RESTAURANTS CAN LEARN SO MUCH ABOUT THE BENEFITS OF DYNAMIC PRICING FROM THOSE THAT MADE IT HAPPEN IN HOTELS AND AIRLINES."
PROFESSOR SHERRI KIMES / CORNELL UNIVERSITY
Meet our team.
Behind every great company is a team of experts with a shared vision. Individually we're serial entrepreneurs, thought leaders and afficianados in the pricing world.
Together, we are JUICER.