Syrve MENA Reports: Over 60% of its Middle East Restaurants Leverage AI for Sales Forecasting
Syrve MENA, a leading provider of all-in-one POS solutions in the Middle East, today announced that over 60% of its food & beverage industry customers are now using AI for sales forecasting.
The number of restaurants participating in the research is 1600, representing 8 countries of the Middle East including the UAE, Egypt, Qatar, Oman, Jordan, Saudi Arabia, Bahrain and Morocco. Among them 1142 restaurants from the UAE. This cutting-edge technology provides daily insights into the number of orders and the average order amount, with the flexibility to adjust these parameters by hours and order type.
AI sales forecasting is revolutionizing the restaurant business by providing companies with a powerful tool to optimize inventory, reduce food waste, and enhance profitability. With 95–98% accuracy, AI forecasts are automatically generated based on comprehensive sales statistics, allowing restaurants to make data-driven decisions about food ordering and purchasing practices.
Syrve MENA’s AI system generates forecasts three weeks in advance, updating them at the beginning of each week. The forecasts can be tailored according to each client’s preferences, proving invaluable for calculating quantities needed for meal preparations and distributor orders. Furthermore, Syrve’s AI system seamlessly integrates weather forecasts into revenue planning. By simply inputting the restaurant’s address, users can access weather forecasts and adjust their sales forecasts accordingly, ensuring preparedness for varying weather conditions.
AI offers superior accuracy compared to traditional manual methods, enabling businesses to forecast sales revenue more precisely. Additionally, AI empowers enterprises to develop enhanced product and service offerings by leveraging predictive analytics to identify future customer needs and trends. With this feature restaurants are able to refine their menu offerings, optimize staffing levels, and effectively allocate resources. By adopting an AI-driven sales forecasting system, businesses can achieve many benefits, including improved profit margins, enhanced forecast accuracy, elevated customer satisfaction, and sustainable practices.
“Integrating AI into the food industry, particularly in restaurants, is not just a trend; it’s a necessity,” emphasizes Alex Ponomarev, CEO of Syrve MENA. “AI enables businesses to transform their operations, promoting sustainability, enhancing customer experiences, and optimizing profitability. Our customers are seeing real benefits from using AI for sales forecasting. One of our clients, a popular fast-food chain, reduced its food waste by 10% and improved its inventory management by 15% after implementing our AI solution.”
As Syrve MENA continues transforming the Middle East region’s restaurant and retail landscape through its innovative AI-powered solutions, the company also reaffirms its commitment to sustainability at the COP28 climate summit. The company is committed to reducing its environmental impact and promoting sustainable practices.
About Syrve MENA
Syrve is an international comprehensive all-in-one POS and MENA’s second-largest Restaurant Management Software solution. The company is working on innovative solutions for the food service market in UAE (+47 countries) to automatize bars, restaurants, and hospitality businesses.
