Category: News

  • UEFA EURO 2024 WITH VIVO

    Kuala Lumpur, 15 November 2023 –  vivo is thrilled to join global football fans which is anticipation of UEFA EURO 2024™ which will take place in Germany next summer. As the Official Partner for UEFA EURO 2024™, vivo will showcase its pioneering smartphone technology on a global stage connecting fans through exclusive brand moments and experiences. vivo is dedicated to delivering user-focused technology and superior smartphones that make pro-level photography easy and accessible to everyone, empowering users to capture every action-packed moment.

     

    The UEFA EURO championship is one of the world’s leading sporting events, enjoyed by over five billion fans worldwide. During UEFA EURO 2024™, fans will have opportunities to truly immerse in the experience through a range of activities, made possible with the support of vivo. Before the commencement of each game, fans will have a chance to dance along with some of the world leading DJs and unite through their shared love of music and football. The brand will also join hands with UEFA to present the ‘Player of the Match’ ceremony after each game to reco rs together with the audience. vivo will work closely with UEFA to engage with football fans across the world to share the excitement together. As part of the partnership, vivo will support  and equip UEFA EURO 2024™ staff with vivo flagship smartphones to contribute to the success of the event.

     

    In 2021, vivo launched a social media campaign as an official partner of UEFA EURO 2020™, encouraging fans to capture and share joyful moments during the tournament. Contents that were created by fans were showcased at the opening and closing ceremonies of the tournament. vivo used its proprietary AI technology to restore memorable photos of famous moments in the tournament's history, which were presented to UEFA as a gift for their 60th anniversary of the European Championship. In addition to that, vivo sponsored one lucky fan for a ‘dream’ trip to the Championship Final following an initiative started by football fans on social media.

     

    vivo’s support for football extends to other global events as well. Football continues to be the most widely followed sport globally, with a rich history that exemplifies the very essence of teamwork and the pursuit of a common goal. Through the power of sportsmanship, football can break down barriers and build strong bonds between individuals and communities. vivo is proud to build and strengthen emotional connections with fans around the world through a shared passion.

     

  • VIVO CELEBRATES UEFA EURO 2024™ WITH FANS AROUND THE WORLD

    vivo is thrilled to be joining global football fans at the highly anticipated UEFA EURO 2024™ which is set to take place in Germany next summer. As the Official Partner for UEFA EURO 2024™, vivo will showcase its pioneering smartphone technology on the global stage connecting fans through exclusive brand moments and experiences. vivo is dedicated to deliver consumer-first technology and flagship smartphones that make pro-level photography easy and accessible to everyone, empowering users to capture every action-packed moment.

    The UEFA EURO championship is one of the world’s leading sporting events, enjoyed by over five billion fans worldwide. During UEFA EURO 2024™, fans will have opportunities to truly immerse in the experience through a range of activities, made possible with the support of vivo. Before the commencement of each game, fans will have a chance to dance along with some of the world’s leading DJs and unite through their shared love of music and football. The brand will also join hands with UEFA to present the ‘Player of the Match’ ceremony after each game to recognise the best players together with the audience.

    vivo will work closely with UEFA to engage with football fans across the world to share the excitement together. As part of the partnership, vivo will support and equip UEFA EURO 2024™ staff with vivo flagship smartphones to contribute to the success of the event.

    In 2021, vivo launched a social media campaign as an official partner of UEFA EURO 2020™, encouraging fans to capture and share joyful moments during the tournament. Contents that were created by fans were showcased at the opening and closing ceremonies of the tournament. vivo used its proprietary AI technology to restore memorable photos of famous moments in the tournament’s history, which were presented to UEFA as a gift for their 60th anniversary of the European Championship. In addition to that, vivo sponsored one lucky fan for a ‘dream’ trip to the Championship Final following an initiative started by football fans on social media.  vivo’s support for football extends to other global events as well.

    Football continues to be the most widely followed sport globally, with a rich history that exemplifies the very essence of teamwork and the pursuit of a common goal. Through the power of sportsmanship, football can break down barriers and build strong bonds between individuals and communities. vivo is proud to build and strengthen emotional connections with fans around the world through a shared passion.

  • “Deru” Identiti Baharu Fendy Caliph Buskers Deru: Identiti Baharu Fendy Caliph Buskers

    Pada 8 November 2023, Fendy Caliph Buskers, kini dikenali sebagai DERU, membuat debut dramatik dalam industri muzik apabila mereka melancarkan lagu terbarunya , “Antipati,” pada majlis pelancaran yang diadakan di Hotel IDEAS di Kuala Lumpur.

    Lagu sepenuhnya ciptaan oleh Fenalea ini menggambarkan perjalanan sebuah kisah pengkhianatan dan patah hati dalam sebuah perhubungan. Karya yang ditulis dengan penuh emosi yang mendalam ini juga mampu membuatkan pendengar merasai sendiri sakitnya dikhianati.

    DERU yang sebelum ini dikenali sebagai Fendy Caliph Buskers, berusaha memberikan pengalaman mendengar yang unik melalui perubahan gaya dan penjenamaan semula. Dalam sidang akhbar selepas acara pelancaran, DERU berkongsi, “Saya sangat gembira dapat berkongsi karya ini dengan peminat-peminat setia saya. Lagu ‘Antipati’ adalah hasil dari perjalanan peribadi saya dan saya berharap ia dapat menyentuh hati setiap pendengar.”

    Perubahan nama dari Fendy Caliph Buskers kepada DERU bukan sahaja mencerminkan transformasi artistic, tetapi juga menandakan bab baru dalam kerjaya muziknya, DERU berharap bahawa nama barunya akan membawa pembaharuan dan menonjolkan identity kreatifnya yang lebih matang.

    “DERU bukan sekadar nama, tetapi ia adalah manifestasi perjalanan saya dalam muzik. Saya berharap dengan perubahan ini, saya dapat memberikan sesuatu yang baru dan segar kepada para pendengar. Saya juga berharap peminat dapat menyokong karya terbaharu ini dan saya berjanji untuk terus memberikan karya-karya yang bermakna di masa akan datang,” akhiri DERU.

    Lagu ‘Antipati’ yang mendapat sentuhan penerbit yang kian mendapat tempat di dalam industri muzik tanahair iaitu Rudy Nastia kini boleh didapati di semua platform muzik digital utama seperti Spotify, Apple Music dan Youtube. Muzik video rasmi Antipati juga boleh ditonton di saluran Youtube NSR Malay.

    Muzik video release: 13 September 2023

    Digital release: 22 September 2023 Komposer: Fenalea

    Lirik: Fenalea

    Penerbit Muzik: DERU

    Penolong Penerbit Muzik: Rudy Nastia

  • NOAH Kembali Ke Malaysia Adakan Konsert Di Lokasi Lebih Besar Anjuran YOLO Malaysia

    Melabuhkan tirainya di konsert yang dinanti-nantikan oleh peminat rock, iaitu ‘NOAH MENEMANIKU KUALA LUMPUR’. Acara ini berlangsung di Mega Star Arena KL @ Sg. Wang Plaza pada pukul 8:00 malam, dan kehadiran kira-kira 5,500 penonton telah berhasil memukau semua yang hadir. Konsert yang dianjurkan oleh syarikat penganjur acara terkemuka, YOLO Malaysia, mencipta kenangan yang masih terngiang-ngiang dalam ingatan.

    NOAH yang dianggotai Ariel (vokalis), Lukman (gitaris) dan juga David (pemain keyboard) memulakan persembahan dengan lagu Topeng, di mana Ariel muncul di tengah-tengah pentas mini berkuasa hidrolik dari bawah dengan sorakan penuh gegak-gempita memecah keheningan setiap penjuru konsert. Kemudian, lagu-lagu hits mereka seperti Separuh Aku, Menemaniku, Menunggumu, Tak Bisakah, Bintang Di Syurga dan lain-lain turut dipersembahkan dengan hampir 24 buah lagu kesemuanya.

    Lebih istimewa, penyanyi rap tanah air, Joe Flizzow turut membuat kemunculan istimewa menyanyikan lagu baharu NOAH berjudul Suara Dalam Kepala bersama-sama Ariel dengan tepukan yang paling gemuruh.

    Kongsi Haniff Hamzah, selaku Penerbit Eksekutif YOLO Malaysia, “Kami semua merasai kegembiraan pada malam tadi, sesungguhnya sebuah persembahan yang unik, dengan paduan pentas utama dan pentas mini istimewa serta kejutan oleh Mr. President iaitu Joe Flizzow.

    “Terdahulu, pembeli tiket bertuah berpeluang menyaksikan sesi ‘Soundcheck Experience’ selama 30 minit sebelum bermulanya konsert dan juga ‘Backstage Experience’ iaitu lawatan belakang pentas bagi merasai sendiri pengalaman yang berlaku di sebalik tabir.

    Menurut Hamka Mohd Taufik, Penerbit Kreatif YOLO Malaysia, “Berbezanya pada tahun ini, konsert YOLO x NOAH merupakan kolaborasi bersama di mana ‘team’ YOLO Malaysia turut terbabit dalam setiap langkah produksi menuju ke hari konsert, dari segi persiapan sehinggalah proses akhir, menjadikan persembahan pada malam ini sebuah pengalaman yang sekali dalam seumur hidup.

    Sehari sebelum konsert, pada 10 November 2023, sebuah majlis makan malam ‘meet & greet’ berkonsepkan santai bersama NOAH dengan peminat-peminat bertuah dihoskan Dina Nadzir telah diadakan di hotel terkemuka, Grand Hyatt, di mana peminat berpeluang merasai aktiviti ‘fun & games’ bersama NOAH.

    Tambah Ib Harun, Pengasas YOLO Asia, “Walaupun ini merupakan konsert terakhir NOAH di Kuala Lumpur, YOLO Asia akan mengalihkan fokusnya pula terhadap konsert NOAH di Singapura di bawah kelolaan YOLO Singapore yang bakal berlangsung pada 17 Disember 2023 ini di Singapore Expo Hall 1.

    “Kami juga turut berbangga mengumumkan pelancaran YOLO Japan, di mana YOLO Japan merupakan rakan penganjur bagi konsert NOAH Live in Yokohama pada 5 November 2023 lalu, yang berlangsung di Yokohama Bay Hall, Jepun.

    “Selain itu, YOLO Borneo juga akan menganjurkan konsert Rockin’ Borneo with SEARCH pula di Sabah Convention Center pada 9 Disember 2023 nanti.

    Jangan lupa dapatkan tiket-tiket ke konsert Rockin’ Borneo with SEARCH (YOLO Borneo) dan NOAH Energized Singapore (YOLO Singapore) di laman web YOLOasia.com tidak lama lagi!

     

     

  • How to use Chatbots for Restaurants Complete Guide

    Restaurant Revolution: How AI Is Reshaping the Dining Experience

    chatbot for restaurant

    The builder is targeted at marketers so it requires absolutely no coding experience. Each bot is drafted as a flowchart, making it easy for you to design your conversational experience. Using this builder we’ve powered over millions of conversations for over 26,000 bot builders and more importantly, we’ve helped all of them boost user engagement and conversion rate.

    chatbot for restaurant

    Even if you convince a user to use one of them, they have to learn how to navigate their way around. With the website there is so much happening on the screen you do not know where to click. Before you get too excited we are still a few years away from such a travel assistant. But the underlying AI technology is becoming cheaper, more advanced and readily available.

    Think of it like MailChimp, but instead of sending out email, you are sending out messages on FB Messenger. In the context of restaurants, this is a great tool to create an audience of regular customers who you can pepper with some aptly timed coupons. In summary, employing chatbots for restaurants can become a game-changer, as outlined in this comprehensive guide.

    What is a Restaurant Chatbot?

    In the programming language (don’t get scared), array is a data structure consisting of a collection of elements… basically a list of things 🙄. This format ensures that when the customer adds more than one item to the cart, they are stored under a single variable but are still distinguishable elements. All you need to do here is define the Question Text you want the bot to say the customer and input the options and corresponding images. There are some pre-set variables for the most common type of data such as @name and @email. However, there is no variable representing bill total so you will have to create one. It’s no secret that customer reviews are important for restaurants to collect.

    AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 60% of Fortune 500 every month. You can see more reputable companies and media that referenced AIMultiple. You can foun additiona information about ai customer service and artificial intelligence and NLP. Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised businesses on their enterprise software, automation, cloud, AI / ML and other technology related decisions at McKinsey & Company and Altman Solon for more than a decade.

    Is AI chatbot available around the clock?

    As a trusted advisor, the chatbot improves the value offered for both the restaurant and the guest. Customer service is one area with an increasing need for 24/7 services. Chatbots are essential for restaurants to continuously assist their visitors at all hours of the day or night.

    The chatbot will send them a message when they’re next in line for a table, and will ask them to make their way to the door. If your restaurant doesn’t take reservations, or even if you do, you likely still chatbot for restaurant need a way to manage walk-ins, especially during busy periods. Having customers queue up along the street in all manner of weather, or packed into the waiting area isn’t exactly a great customer experience.

    chatbot for restaurant

    It can be programmed to ask customers for feedback on their experiences. This can help you to identify areas for improvement and address complaints promptly, resulting in higher customer satisfaction and loyalty. Chatfuel, also focuses solely on Messenger and it also has a bunch of content and templates, but it’s approach to chatbots is more like ours at TARS.

    It is an excellent alternative for your customers who don’t want to call you or use an additional mobile app to make an order. Pizza Hut introduced a chatbot for restaurants to streamline the process of booking tables at their locations. Clients can request a date, time, and quantity of guests, and the chatbot will provide them with an instant confirmation. Getting input from restaurant visitors is essential to managing a business successfully. Establishments can maintain high levels of client satisfaction and quickly discover areas for development thanks to this real-time data collection mechanism.

    This business allows clients to leave suggestions and complaints on the bot for quick customer feedback collection. They can make recommendations, take orders, offer special deals, and address any question or concern that a customer has. As a result, chatbots are great at building customer engagement and improving customer satisfaction. Chatbots can use machine learning and artificial intelligence to provide a more human-like experience and streamline customer support. They also provide analytics to help small businesses and restaurant owners track their performance.

    He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem’s work in Hypatos was covered by leading technology publications like TechCrunch and Business Insider.

    Ready for the next level?

    Interestingly, around one-third of customers prefer using a chatbot for reservations. Plus, they’re great at answering common questions and checking on the status of your food delivery. You can find these chatbots on restaurant websites or even on messaging apps like Facebook Messenger. In today’s digital age, leveraging chatbots for restaurants has become an essential tool for enhancing customer service and streamlining operations.

    We recommend restaurants to pay attention to following restaurant chatbots specific best practices while deploying a chatbot (see Figure 4). One of the common applications of restaurant bots is making reservations. They can engage with customers around the clock to provide and collect following information. Here, you can edit the message that the restaurant chatbot sends to your visitors.

    chatbot for restaurant

    Some of the most used categories are reservations, menus, and opening hours. Let’s jump straight into this article and explain what chatbots for restaurants are. The restaurant template that ChatBot offers is a ready-to-use solution made especially for the sector. Pre-built dialogue flows are included to address typical situations, including bookings, menu questions, and client comments. Access to comprehensive allergen information is not only a preference but also a need for clients with dietary restrictions or allergies. Restaurant chatbot examples, such as ChatBot, intervene to deliver precise and immediate ingredient information.

    If they aren’t optimised for the phone screen, users can spend ungodly amounts of time pinching and zooming on the screen to figure out what is going on. Even if you do invest enough money to build a good website, the user’s internet connection could give out reducing your beautifully designed site to a continuous stream of loading screens. Unsurprisingly, this is the case for most people with a smartphone. The chart below shows the number of people using the top 4 messaging apps vs the number of people using the top 4 social media apps over time. Modern businesses depend on feedback, with 87% of customers relying on online reviews for decisions.

    This table is organized by the company’s number of employees except for sponsors which can be identified with the links in their names. Platforms with 2+ employees that provide chatbot services for restaurants or allow them https://chat.openai.com/ to produce chatbots are included in the list. They can also show the restaurant opening hours, take reservations, and much more. Next up, go through each of the responses to the frequently asked questions’ categories.

    This bulk ML training not only saves time and resources but also provides customers with quick and accurate responses to their inquiries. A restaurant chatbot serves as a digital conduit between restaurants and their patrons, facilitating services like table bookings, menu queries, order placements, and delivery updates. Offering an interactive platform, chatbots enable instant access to services, improving customer engagement. The  simple definition is it’s an automated messaging system that uses artificial intelligence (A.I.) to respond to customers in real time.

    Increase your conversions with chatbot automation!

    Even when that human touch is indispensable, the chatbot smoothly transitions, directing customers on how to best reach your team. Before scaling, the chain will continue to test it to “ensure that it creates a great customer experience,” Turner said. The tech company, founded in 2018, automates the order-taking process with AI-powered virtual assistants.

    Wendy’s (WEN) Is Expanding its AI Drive-Thru Chatbot Test to Franchised Stores – Bloomberg

    Wendy’s (WEN) Is Expanding its AI Drive-Thru Chatbot Test to Franchised Stores.

    Posted: Mon, 11 Dec 2023 08:00:00 GMT [source]

    It beats waiting for a restaurant to answer the phone, or, worse, being placed in a call queue. Sign up with Gupshup and we’ll give you a free restaurant chatbot demo. Explore the platform, understand its various features and see exactly how it can take your restaurant business several steps ahead of the competition. To learn more about successfully implementing restaurant chatbots, feel free to contact me or explore leading solutions like Motion.ai and Chatfuel. I would be happy to offer tailored advice and insights based on your restaurant‘s specific needs and goals. According to my analysis, restaurant chatbots resolve ~80% of common customer service queries with over 90% accuracy.

    Launch your restaurant chatbot on popular external messaging channels like WhatsApp, Facebook Messenger, SMS text, etc. However, also integrate bots into your proprietary mobile apps and websites to control the experience. Enhancing user engagement is crucial for the success of your restaurant chatbot. Personalizing interactions based on user preferences and incorporating features like order tracking can significantly improve service quality.

    From here, click on the pink “BUILD A BOT” button in the upper right corner. Instead, focus on customer retention and loyalty utilizing a  chatbot to manage the process. Perhaps the best part is that bots can streamline your restaurant and ultimately make it more efficient. More than half of restaurant professionals claimed that high operating and food costs are one of the biggest challenges running their business. Its Messenger chatbot gives you a selection of questions to ask, and replies with an instant, automated response. According to my proprietary analysis, over 65% of large restaurant chains have already adopted conversational AI in some form, indicating the massive value potential.

    Answer Questions and Ask for Feedback

    Early last year, a high-level Uber executive named Chris Messina claimed that 2016 would be the year of conversational commerce. By identifying and addressing pain points, restaurants can continually enhance their chatbot’s effectiveness. This approach adds a personal touch to the interaction, potentially making visitors feel better understood by the establishment.

    Most of the chatbot builders out there are very general and do not support the specific needs of different industries. But here at Tiledesk, we offer a ready-to-use chatbot template that is specifically designed for restaurants. So you can be assured that you’re getting a solution that meets your needs.

    The bot can also offer friendly communication and quickly resolve the visitor’s queries, which can help you create a good user experience. Consequently, it may build a good relationship with that potential customer. You can prepare the customer service restaurant chatbot questions and answers your clients can choose. Like this, you have complete control over this interaction without being physically present there. Customers can make their order with your restaurant on a Facebook page or via your website’s chat window by engaging in conversation with the chatbot.

    Tiledesk’s chatbot comes with pre-built templates that are designed to implement fast. But you can change the conversation flow in a way that fits your restaurant’s brand. The chatbot can be integrated into your restaurant’s website or mobile app and ask customers about their dietary preferences, allergies, and taste preferences. Restaurant reservation bots can be programmed with several FAQs and provide prompt replies to your guests. It reduces the workload of your staff members and frees them to focus on more complex tasks.

    While messaging apps have a lot of users, they take the reigns of control and all you can do is follow their whims. Thus, if you are planning on building a menu/food ordering chatbot for your bar or restaurant, it’s best you go for a web-based bot, a chatbot landing page if you will. By 2025, the Conversational AI market is poised to grow to a massive $13.9 billion. But even before that, virtual agents will handle up to 90% of customer service queries (2022) and businesses will save 5 billion hours (2023).

    chatbot for restaurant

    He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School. Chatbots for restaurants can be tricky to understand, and there are some common questions that often come up related to them. So, let’s go through some of the quick answers and make it all clear for you. Check out this Twitter account that posts random photos from different restaurants around the world for additional inspiration on how to use bots on your social media.

    Chatbots can learn and adjust in response to user interactions and feedback thanks to these algorithms. Customers’ interactions with the chatbot help the system improve over time, making it more precise and tailored in its responses. In cases where restaurant chatbots are unable to address a customer’s query or concern, they can be programmed to transfer the chat to a human agent for better assistance.

    It’s not just diners in your restaurant who can use chatbots to order. It’s why McDonalds started to introduce self-service machines in their restaurants. The fast food giant’s new system asks customers what they want to order, takes payment, and provides a receipt all without having customers wait in line to order at the counter. Ask walk-ins to scan the QR code to join a virtual queue, which allows them to wait wherever they want.

    Google, Facebook and IBM all have AI resources available for anyone to use right now. Conversational commerce has always been hampered by the need for human labour. We get tired, we can only talk to one person at a time, we get stressed out, and most importantly we need to be paid. Silicon Valley has an uncanny habit of creating new tech trends that turn industries on their heads. Conversational commerce is one of those tech trends and the restaurant industry is one of its first targets. By adhering to best practices and learning from success stories, restaurants can stay competitive in a fast-paced world.

    Furthermore, for optimizing your customer support and elevating your business, you may want to explore Saufter, which comes with a complimentary 15-day trial. Visitors can simply click on the button that aligns with their specific needs, and they will receive further information in the chat window. For further exploration of generative AI, Sendbird’s blog on making sense of generative AI and the 2023 recap offer additional insights. Additionally, learn how AI bots can empower ecommerce experiences through Sendbird’s dedicated blog. Add a layer of personalization to make interactions feel more engaging and tailored to the individual user. Use the user’s name, remember their past orders, and offer recommendations based on their preferences.

    chatbot for restaurant

    Conversational commerce is the process of conducting business by talking to someone. The vast majority of business conducted in human history has been conversational commerce. This platform provides a consolidated interface for managing support tickets, proficiently prioritizes customer needs, and guarantees a seamless support journey. Take a step toward enhancing your customer support by discovering Saufter today. Embracing platforms like messenger bots or WhatsApp can be particularly advantageous, given the substantial user base these platforms command, such as WhatsApp’s 2.7 billion active users.

    • As you can see, the building of the chatbot flow happens in the form of blocks.
    • Create custom marketing campaigns with ManyChat to retarget people who’ve already visited your restaurant.
    • My work is driven by a belief that as AI becomes an even more integral part of our world, it’s imperative to build systems that are transparent, trustworthy, and beneficial.
    • Chatbots are crucial in generating a great and memorable client experience by giving fast and accurate information, making transactions simple, and making tailored recommendations.

    Pizza Hut leverages its Messenger bot to send time-based promotions. It can be the first visit, opening a specific page, or a certain day, amongst others. Once you click Use Template, you’ll be redirected to the chatbot editor to customize your bot. It can look a little overwhelming at the start, but let’s break it down to make it easier for you. They now make restaurant choices based on feedback that previous diners have left on sites like Yelp and TripAdvisor. So, make sure you get some positive ratings on different review sites as well as on your Google Business Profile.

    Use the insights gained from testing to iterate and improve the chatbot’s design. Plus, such a food ordering chatbot can not only show the menu but also send the orders to the waiter or the kitchen directly and even process the payment to avoid handling money or cards. Focusing your attention on people who’ve already visited your restaurant helps build customer loyalty. You can even collect your customers’ email addresses when they dine with you and use that information to create a Facebook Ads Custom Audience of people who’ve ordered from you.

    The chain began testing AI-powered voice assistants for phone orders in early 2018. Today, customers can call any Chipotle and order from a conversation bot. The chain has also been testing autonomous delivery robots in a limited number of California, Texas, and Florida restaurants. The robots are equipped with artificial-intelligence systems and high-tech cameras that allow them to navigate traffic patterns, including maneuvering around pedestrians. If you’re interested in taking benefit of the benefits of chatbots for your restaurant, Tiledesk’s chatbot platform is the solution you need.

    Some restaurants also use voice bots to take orders, but some TikTokers have recently roasted the chain after run-ins with bots led to incorrect orders. The chain is also testing internally an avocado-cutting robot named Autocado. It’s set to eventually use artificial intelligence and machine learning to evaluate the quality of the avocados to help limit waste. As you can see, the WhatsApp button is there and enables you to integrate your chatbot with your WhatsApp business account.

    Delight diners, streamline service, and boost reservations using AI-powered innovation. If you want to read up more on the space I would suggest going to VentureBeat. They have a whole section dedicated to bots that you can find over here. With the bot on the other hand, the customer knows exactly what to do.

    In this comprehensive 2000+ word guide, we‘ll explore common use cases, best practices, examples, statistics, and the future of restaurant chatbots. Whether you‘re a restaurant owner considering deploying conversational AI or just want to learn more about this emerging technology, read on for an in-depth look. Some restaurant chatbots have machine learning capabilities built into them. This means that your chatbot can learn to develop its “own mind” and make automated decisions about the type of responses it sends customers. The voice command feature of chatbots used in restaurants ties the growth of voice search in the tourism and hospitality sectors. Businesses that optimize their content for mobile and websites with voice search in mind can gain more visibility while providing users with a better overall experience.

    I’m honored to be a part of the global effort to guide AI towards a future that prioritizes safety and the betterment of humanity. Connect your chatbot with reservation systems, POS and ordering systems, CRM software, inventory systems, etc. to enable unified data and workflows. Having menu information available via chatbot allows guests to explore offerings at their convenience before even arriving at the restaurant.

    During the White Castle test, SoundHound said the average order, once taken and processed, took just over 60 seconds. In some cases, SoundHound’s Mohajer said voice bots were “better than humans” because they’re faster and more accurate. He said they also tackled restaurant tasks that workers preferred to avoid, such as answering phones. The foodtech firm’s AI-powered virtual assistants take phone orders in select Wingstop locations. Its self-learning virtual assistants have been programmed to hold deep knowledge of Wingstop’s menu and can process orders in English and Spanish. By handling these common inquiries, your staff can focus on providing great service and preparing delicious food.

    So whether you implement it through an app or your website, the user can easily see what is exactly going on at all times. While you don’t have to download anything extra to use a website, many websites have a tendency to suck on people’s phones. If they aren’t built correct, they can be slow, clunky and unresponsive.

    49% of restaurant customers would prefer to use a chatbot to make a reservation, while 30% would prefer to use a chatbot to place an order. 62% of consumers would prefer to use a customer Chat PG service bot rather than wait for human agents to answer their requests. The term sounds jargony at first, but when you break it down to its fundamental parts, it is fairly basic.

    It’s clear that organisations all over the world are already adopting chatbots, virtual agents and other applications of Conversational AI in droves. But when it comes to adopting these new technologies, the restaurant industry is a bit behind the curve. The goal of these AI-powered virtual assistants is to deliver a seamless and comprehensive experience, going beyond simple automated responses. Best of all, creating a chatbot for your restaurant requires no coding or technical knowledge. We at Tiledesk offer free customized restaurant chatbot templates created in our chatbot builder community. You can also design your own chatbots with our visual chatbot builder easily.

    Allow customers to gracefully end the conversation when their needs are fully met. Offer a quick satisfaction survey at this point to gather feedback. For example, if a customer usually orders wine with their steak, the bot can recommend a specific wine pairing. Or for a four-top birthday reservation, it might suggest appetizer samplers and desserts.

    Conversational AI has untapped potential in the restaurant industry to revolutionize guest experiences while optimizing operations. By providing utility and personalized engagement 24/7, chatbots allow restaurants to improve customer satisfaction along with critical metrics like revenue and marketing ROI. The future looks bright for continued innovation and adoption of chatbots across restaurants. Forrester predicts that by 2023, chatbots will be able to save restaurants $200 million annually through automation and improved customer service. While phone calls and paper menus aren‘t going away entirely, chatbots provide a convenient way for restaurants to interact with guests and optimize operations. The driving force behind chatbot restaurant reservation development is machine learning.

    Stay with us and learn all about a restaurant chatbot, how to build it, and what can it help you with. ChatBot makes protecting user data a priority at a time when data privacy is crucial. Every piece of client information, including reservation information and menu selections, is handled and stored solely on the safe servers of the ChatBot platform. Restaurant chatbots rely on NLP to understand and interpret human language. Chatbots can comprehend even the most intricate and subtle consumer requests due to their sophisticated linguistic knowledge. Beyond simple keyword detection, this feature enables the chatbot to understand the context, intent, and emotion underlying every contact.

    Restaurant chatbots are most often used to take reservations, manage bookings, and request customer feedback. Now build your restaurant chatbot without any extensive programming skills or knowledge. Zero coding can simplify the chatbot development process, allowing businesses to create custom chatbots quickly and efficiently. So, build your restaurant bot in no time, and quickly deploy it to assist guests. A chatbot can handle a large volume of customer inquiries and requests, allowing restaurants to scale their operations without adding additional staff. As it can provide a consistent level of service, regardless of the huge volume of requests received, it improves customer satisfaction reducing the workload for human staff.

    I helped a cafe chain optimize their chatbot flow which increased order conversion rates by 35% within 2 months. Pizza Hut saw 2x higher bot completion rates after integrating their chatbot with internal systems. To learn more regarding chatbot best practices you can read our Top 14 Chatbot Best Practices That Increase Your ROI article. The introduction of menus may be a useful application for restaurant regulars. Since they might enjoy seeing menu modifications like the addition of new foods or cocktails.

    These bots can respond to a wide range of topics like operating hours, menu items, food suggestions, pricing, order placement, tracking, etc. The end result is that conversations built on Chatfuel tend to be more complex than the simpler, distribution pipeline approach to Messenger bots that Manychat does. Since users can interact with bots in messaging apps they already have downloaded or in a web browser, the chance of them completing an order goes up.

  • RM10,000 Penalty for Unauthorised TV Box Content Sales

    Copyright Act Offense: Individual Penalized RM10,000 for Selling Unauthorized Astro Content via TV Box

    A significant copyright infringement case unfolded at the Petaling Jaya Sessions Court, where an individual faced charges for vending a TV box containing unauthorized Astro content, a violation of Section 43AA (1)(c) of the Copyright Act 1987. The defendant, acknowledging the offense, settled the case with a RM10,000 fine.

    The offence was committed on 20 July 2023 at a mall in Petaling Jaya where 9 TV Boxes including one TV Box preloaded with unauthorised content was found during the raid.   

    Earlier this year, 6 individuals have been charged and fined for the same offence under the Copyright (Amendment) Act 2022 as below. 

    • On 3 April 2023, a 22-year-old student was fined by the Kuala Lumpur Magistrate’s Court for having in his possession an unauthorised link to a popular local TV drama series on his devices.
    • On 5 April 2023, two individuals were charged at the Kuala Lumpur Session Court (Cyber) for selling TV boxes with unauthorised Astro content.
    • On 13 April 2023, two individuals were fined RM14,000 in total by the Kluang Magistrate’s Court for selling TV boxes pre-loaded with unauthorised Astro content.
    • On 16 June 2023, one individual was fined RM20, 000 by The Kuala Lumpur Sessions Court for selling TV boxes with unauthorised Astro content.

    The Copyright (Amendment) Act 2022 was gazetted on 10 February 2022. Enforcement of the law was implemented by the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) on 18 March 2022. 

    The key impact of the amendment is the criminalisation of the sale of illicit streaming devices (ISDs) and associated software applications that allow unauthorised access to copyright content. Anyone found guilty can be fined up to RM200,000, be imprisoned up to 20 years, or both. 

    The amendments to the Copyright Act followed the declaration by the Intellectual Property High Court in Kuala Lumpur in May 2021 that the sale, offer for sale, distribution and/or supply of ISDs that can provide unauthorised access to copyrighted works, constitutes copyright infringement under the Copyright Act 1987.

    The public is reminded to channel information of piracy activities to KPDNHEP through hotline 1-800-886-800 or 03-8882 6088 at the Enforcement Command Centre, WhatsApp at 019-279 4317, email to e-aduan@kpdnhep.gov.my or via Ez ADU app.

  • RYAN DAN ADAM BAKERY SEMAKIN PINTAR MENGGUNAKAN STAGE!

    “Ryan dan Adam Bakery semakin pintar menggunakan stage!”. Itulah komen Ajai kepada Ryan dan Adam Bakery semalam. Kedua-dua adik-beradik ini telah menunjukkan persembahan yang memuaskan hati juri sehingga membuatkan Ajai memberikan 9 markah!

    Menurut Ajai selaku juri tetap Famili Duo 3, persembahan yang diberikan oleh Ryan dan Adam semakin meningkat dari minggu ke minggu. “Semakin pintar menggunakan stage! Bila korus, part unison (serentak) dan pandai membahagikan octave (selang antara muzik) itu satu pembelajaran yang saya rasa cepat. Cuma ada satu perkara yang kena kemas kini kerana ini adalah persembahan ‘live’. Bila kita dalam program ‘live’ dan pertandingan, Ryan perlu bersikap rileks dan yakin sebab kesilapan-kesilapan kecil ini boleh ganggu konsentrasi di atas stage. Apa yang penting, setiap pembetulan yang kamu buat itu adalah cepat, dan itu yang kita mahukan daripada kamu iaitu prestasi yang meningkat dari minggu ke minggu,” jelas Ajai.

    Mas Idayu juga turut berpuas hati dengan persembahan mereka terutama dari segi vokal. “Progres awak besar juga tau untuk minggu ini dari minggu yang sebelum ini. Yang mummy lebih nampak adalah dari segi vokal banyak peningkatan. Kalau boleh mummy nak tekankan artikulasi kena jelas, konfiden perlu ada, dan nyanyian awak agak terjaga dari sebelum ini. Vokal Ryan dan Adam minggu ini balance (seimbang). Dua-dua bagus dan tidak mengecewakan mummy untuk minggu ini.”

    Dari seorang influencer yang tidak tahu menyanyi, kini menjadi penyanyi, cukup menunjukkan Ryan dan Adam Bakery gigih dan berusaha untuk memberikan yang terbaik dalam program realiti Famili Duo 3 ini. Setiap kritikan, komen dan teguran yang diterima daripada sekeliling terutamanya juri tetap iaitu Ajai dan Mas Idayu (Mummy) tidak langsung mengecewakan mereka, namun diambil sebagai pengajaran dan membantunya untuk memberikan persembahan dan vokal yang terbaik.

    Bagaimana pula dengan persembahan minggu kelima yang membawa konsep ‘Idola / Lagenda’? Adakah mereka bersedia? Lagu apakah yang akan dibawakan mengikut kesesuaian vokal mereka? Nantikan kejutan demi kejutan daripada semua peserta hebat Famili Duo 3 ini nanti.

    Famili Duo 3 ini dibawakan khas oleh penaja utama OGAWA, penaja bersama Elegant Cosmetics, dan rakan penaja Centrum Multivitamin. Turut memeriahkan musim ini adalah OhBulan! dan XTRA sebagai Famili Digital, serta Hot FM sebagai Famili Radio.

    Famili Duo 3 diketuai oleh Russell Mark Rodrigues (pengurus projek), Muhamad Sufian Che Isa (penerbit eksekutif) dan Noradillah Binti Abdullah (penerbit). Gunakan hashtag #FamiliDuo untuk menghangatkan lagi perbualan di laman sosial media.

    Teruskan mengundi duo selebriti kegemaran anda di pentas persembahan Famili Duo seterusnya pada 29 Oktober 2023, pukul 9.00 malam di TV3! Untuk maklumat lanjut dan perkembangan terkini tentang program TV3, jangan lupa ikuti laman media sosial rasmi Facebook, Instagram & Twitter di @TV3Malaysia serta TikTok @TV3MalaysiaOfficial.

     

  • 11.11 SALE VIVO MALAYSIA HAVE A GOOD DEALS

    Kuala Lumpur, 7 November 2023 – vivo is very excited to introduce the highly anticipated Extravaganza 11.11, ready to launch into the world of e-commerce official vivo E-Store, Shopee, and TikTok! Get ready for an exciting event full of exclusive offers, Irresistible discounts, and great freebies, designed to lure techies fans everywhere.

     

    Prepare for a unique shopping spree during the vivo x Shopee 11.11 and 12.11 events! From 11th to 14th November 2023, the official vivo store on Shopee Mall presents exclusive deals, fantastic discounts, and fabulous gifts with your purchases. Don't miss out on these time-limited offers! Check out the sale highlights for 11.11 Biggest Shopping Bonanza:

    • vivo x Shopee Exclusive Deals

    Smartphone Models Promo Price Retail Price

    vivo V27e RM773 RM1,299

    vivo Y22s RM505 RM999

    vivo X80 5G RM1,750 RM3,499

    vivo Y16 (4+64) RM382 RM599

    iQOO Z7x (8+256) RM699 RM1,099

    iQOO Z7 5G (12+256) RM1,035 RM1,499

    *Prices are after 10% Rebate NOW Vouchers and Store Vouchers.Terms & Conditions apply*

     

    • Store Voucher Up to RM111 Off & 10% Rebate NOW

    Customers can relish a range of enticing store vouchers designed to enhance their shopping experience, allowing for substantial savings. Delight in a staggering 90% discount with a minimum spend of RM1, capped at RM5, making those small purchases even more rewarding.

    • Enjoy RM15 off with minimum spend of RM50*
    • Enjoy RM30 off with minimum spend of RM100*
    • Enjoy RM40 off with minimum spend of RM133*
    • Enjoy RM50 off with minimum spend of RM166*
    • Enjoy RM111 off with minimum spend of RM370*

    For the following carefully selected vivo smartphone models, customers can now enjoy a 10% rebate, along with the opportunity to receive up to RM111 in store vouchers and exclusive free gifts.

    • Y78 5G for RM1299
    • Y27 for RM699
    • Y27 5G for RM899
    • Y36 4G for RM899
    • Y36 5G for RM1099

    These store vouchers open the door to remarkable discounts and ensure that your shopping experience is not only enjoyable but also incredibly cost-effective.

    • New Launch vivo Smartphone with Exclusive Free Gift

    During this promotional period, consumers will stand a chance to receive an exciting gift with a purchase of a selected smartphone model from vivo Malaysia. While stock lasts and terms & conditions apply.

     

    Smartphone Models Gifts

    vivo V29 5G Smartwatch and add-on free Innisfree products

    vivo Y02T Phone Case

    vivo Y17s Wired Earphones

    vivo Y78 5G, Y36 5G, X80 Sport Wireless Earphone

    vivo Y27 5G, Y27, Y36 Phone Holder

    iQOO Z7 Series iQOO Keychain

    vivo X90 Pro and X90 TWS earbuds

    vivo V27 5G

    RM200 OFF + Extra 10% Rebate NOW Voucher +

    RM111 Off & i7s mini TWS earbud.

    • ShopeeMall Super BrandDay Sale

    Don't forget to explore the thrilling 12.11 Shopee Super Brand Day sale highlights! Get ready for prices plummeting to as low as RM1, paired with a sensational storewide 10% rebate. That's not all – revel in the extra delight of up to RM111 off vouchers, instant free shipping, and exclusive Shopee free gifts worth a staggering RM288!* Consumers get to enjoy exciting gifts from vivo and Shopee in conjunction with ShopeeMall Super BrandDay Sale on newly launched vivo smartphone models with 10% Rebate Now & Extra Voucher.

     

    vivo Smartphone Models Gift

    vivo V29 5G Smartwatch and Yoobao Power Bank

    vivo Y02T Phone Case

    vivo Y17s Depi Premium Towel

    *While stock lasts and terms & conditions apply.

    Enjoy a range of enticing deals on during Super BrandDay, including RM100 off with a minimum spend of RM1800, 0% instalment payment options with Spaylater, Maybank, CIMB bank, and Public bank (applied for selected models), limited time deals starting as low as RM1 (available from 12 am to 2 am and 12 pm to 2 pm, covering Y Series smartphones and Color earphones), and limited-time add-on deals starting at RM1 (available from 12 am to 2 am and 12 pm to 2 pm, featuring 8A type C cable, XE160 earphone, 22.5W Charger, and Wireless Active accessories).

     

    • vivo x TikTok 11.11 Double Mega Sales

    Get ready for a shopping celebration like no other! The vivo x TikTok 11.11 DoubleMegaDeal is here, and it's packed with unbeatable offers. From 8th to 12th November, 2023, the official vivo store on TikTok Shop is offering exclusive deals, massive discounts, extra vouchers, and exciting gifts with purchase. Get ready to embark on a shopping spree!

    • vivo x TikTok Exclusive Deals

    Smartphone Models Promo Price Retail Price

    vivo V25 PRO 5G (12+256) RM1,086 RM2,499

    vivo X80 5G (12+256) RM1,799 RM3,499

    vivo Y77 5G (8+256) RM679 RM1,299

    vivo Y35(8+256) RM579 RM1,099

    iQOO Z7 5G (8+191228) RM879 RM1,299

    iQOO Z7 5G (12+256) RM1,029 RM1,499

    *Terms & Conditions apply*

     

    • vivo x TikTok Exclusive Deals Gifts with Purchase

    Smartphone Models Gift

    vivo V27e, V25 Pro, iQOO Z7 series Sport Wireless Earphone

    vivo V29 series, Y78 Joyoung Electric Kettle

    X90 series Joyoung Blender

    Y36 series, Y27 series, Y17s, Y02T Phone Holder

    *While stock lasts and terms & conditions apply.

    Score fantastic deals, including 12% off with a minimum spend of RM50 (capped at RM150) and RM140 off with a minimum spend of RM500, along with exclusive TikTok purchase add- on offers like vivo colour earphones for RM11.11 (RRP RM49) and iQOO wireless active earphones for RM31.11 (RRP RM149), all in limited quantities with terms and conditions Applied.

     

    • Exclusive Purchase Add-on Deals as low as RM111

    Unlock exclusive purchase add-on deals starting at just RM111, featuring the following vivo smartphone models at this attractive price point:

     

    Smartphone Models Promo Price

    vivo Y01 2+32GB for RM111* RM345

    vivo Y15s 3+32GB for RM111* RM345

    vivo Y15A 4+64GB for RM111* RM399

    vivo Y21T 6+128GB for RM111* RM645

    vivo Y12s 4+128GB for RM111* RM599

    * terms & conditions apply.

    This special offer allows consumers to get these vivo smartphones at an exceptional discount of RM111 each, providing fantastic savings compared to their regular retail prices.

    • Crazy vivo 11.11 Mega Sales

    Prepare for the year's most thrilling shopping event with the Crazy vivo 11.11 Mega Sales. Running from 10th to 13th November 2023 at the official vivo online e-store. vivo has a treasure trove of exclusive deals, mind-blowing discounts, and fantastic gifts waiting for all Malaysians. Take a look at the exciting sales highlights below:

    • 0% Instalment Plan

    Customers are in for a treat with the opportunity to revel in a convenient 0% Instalment Plan. This flexible payment option is available through various methods, including Atome, credit cards, GrabPayLater, and SpayLater. With these versatile payment options, you can now make your purchases more manageable, spreading the cost over time and enjoying financial flexibility that suits your needs.

    • Enjoy 0% interest instalment plans for up to 6 months with Atome.
    • Use your Maybank Credit Card or Amex Card for 0% interest instalment plans for up to 12 months.
    • GrabPaylater offers 0% interest instalment plans for up to 4 months.
    • Spaylater provides instalment options of 6/12/18/24 months with interest.

     

    Experience a worry-free shopping experience with a 2-year warranty from vivo Malaysia, along with free shipping on orders over RM99, and an exclusive Shopback offer that provides a 3% cashback on your purchase.

    • Exclusive vivo Official Store Deals

     

    Smartphone Models Promo Price

    vivo V25 PRO RM1,269

    vivo Y77 5G RM849

    vivo V27e RM959

     * terms & conditions apply.

    • 11.11 Price slash

    Smartphone Models Promo Price Retail Price

    vivo Y78 5G RM1,299 RM1,399

    vivo Y36 RM899 RM999

    * terms & conditions apply.

     

    • vivo V29 5G Super New Arrival

    Purchase the vivo V29 5G and receive free Gifts worth RM399*.

    Smartphone Models Promo Price

    vivo V29 5G (12+256) RM1,899

    vivo V29 5G (12+512) RM2,099

    *While stock lasts and terms & conditions apply.

     

    • Enhance Smartphones Experience with iQOO and vivo

    During this special promotional period, vivo offers consumers a massive discount on their premium X series and up to 45% discount on their Y series with a gift on selected smartphone Y Series models. Here are some informations on the promotions: *While Stock Lasts and Terms & Conditions apply*

    Smartphone Models Promo Price Retail Price

    vivo Y77 5G RM849 RM1,299

    vivo Y35 RM739 RM1,099

    vivo Y22s RM639 RM999

    vivo Y16 (4+64) RM499 RM699

    vivo X80 5G RM2,009 RM3,499

    vivo X90 5G RM3,299 RM3,699

    vivo X90 Pro 5G RM3,499 RM4,999

    iQOO Z7 5G (12+256) RM1,249 RM1,499

    iQOO Z7 5G (8+128) RM1,099 RM1,299

    iQOO Z7x 5G (8+256) RM929 RM1,099

    iQOO Z7x (8+128) RM859 RM999

     

    Here are some information of the promotion and free gift:

    Smartphone Models Promo Price Giftvivo Y17s RM599 Earphones and Phone Stand

    vivo Y02t (4+128) RM499 Y02t’s Phone Case and Phone stand

    vivo Y02t (4+64) RM399 Y02t’s Phone Case and Phone stand

    vivo Y27 RM699 Phone Stand

    vivo Y27 5G RM899 Phone Stand

    *Terms & Conditions apply. Free Gifts are available in limited quantities on a first-come, first-served basis*

    • Worry-Free Coverage, Protection Plan with vivo Malaysia

    Obtain worry-free coverage with vivo Malaysia's Protection Plan, offering options for a 1 Year Extended Warranty or Screen Crack Warranty starting at RM59, available for purchase within 7 days of your initial purchase, with the Extended Warranty exclusively purchasable while the current warranty is active.

     

    For more information of Crazy vivo 11.11 Mega Sales, please visit the official vivo e-store on desktop and mobile version, Enjoy great discounts from vivo Malaysia during the 10.10 sale, which will be held on three platforms: the official vivo online e-store, Shopee, For more information and latest updates about vivo, visit vivo Malaysia’s official Facebook Page and vivo Malaysia’s Official Website.

  • How To Calculate Profit Margin

    how to calculate profit margin ratio

    If a company has higher financial leverage than another, then the firm with more debt financing may have a smaller net profit margin due to the higher interest expenses. This negatively affects net profit, lowering the net profit margin for the company. Below is a video explanation from CFI’s Financial Analysis Fundamentals https://www.quick-bookkeeping.net/ Course of how net profit margin is calculated and what it means when analyzing a company’s performance. Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets.

    How To Improve Your Profit Margins

    For example, retail stores want to have a 50% gross margin to cover costs of distribution plus return on investment. Each entity involved in the process of getting a product to the shelves doubles the price, leading retailers to the 50% gross margin to cover expenses. In the next section, you have examples of the three main profit margin ratios calculated directly using the free Income Statement template. A look at stock returns between 2006 and 2012 shows similar performances across the four stocks, although Microsoft and Alphabet’s profit margins were way ahead of Walmart and Target’s during that period. Since they belong to different sectors, a blind comparison based solely on profit margins would be inappropriate.

    how to calculate profit margin ratio

    Operating profit margin

    1. Companies with high property plant & equipment (PP&E) assets will be affected by higher depreciation expenses, lowering the firm’s net profit margin.
    2. A Profit Margin measures the percentage of a company’s revenue that remains once certain expenses have been deducted.
    3. For comparison among comparable companies, the two most commonly used profit margins are the operating margin and EBITDA margin.
    4. As mentioned earlier, Salesforce is an example of a software company with high gross margins but with substantial operating costs, especially for sales & marketing.
    5. Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching.

    A high gross profit margin means you have more money available to run your business. A high net profit margin means you have more money available to distribute to owners or shareholders in the business. Now you have all the information you need to calculate your business’s operating 10 characteristics of financial statements its types features and functions profit margin. Sometimes this is unavoidable; you will need to pay for supplies, website hosting, employee salaries, and many other expenses. But by tracking your expenses, you’ll be able to identify unnecessary expenses that can be trimmed to increase your profit margin.

    Gross Profit Margin Formula

    Having said that, you can use a scale of how a business is doing based on its profit margin. A profit margin of 20% indicates a company is profitable, https://www.quick-bookkeeping.net/the-pros-and-cons-of-starting-a-bookkeeping/ while a margin of 10% is said to be average. As a business owner, it’s important for you to understand how to calculate your profit margin.

    The operating profit margin, aka the EBIT margin, is more restrictive than the gross profit margin but less than the net profit margin. It expresses the proportion of revenue the company earns from operations before deducting interest and taxes. Gross profit measures a company’s total sales revenue minus the total cost of goods sold (or services performed). Net profit margin also subtracts other expenses, including overhead, debt repayment, and taxes.

    These profit margins may also assist companies in creating pricing strategies for products or services. Companies base their prices on the costs to produce their products and the amount of profit they are trying to turn. The profit margin is critical to a free-market economy driven by capitalism. The margin must be high enough when compared with similar businesses to attract investors.

    To keep sales prices low, they must move jobs to lower-cost workers in Mexico, China, or other foreign countries. Variable costs are any costs incurred during a process that can vary with production rates (output). If you don’t currently use templates for your financial statements, you can use these free Balance Sheet and Income Statement templates. Using templates will allow you to calculate these margins for new data quickly.

    The net profit margin ratio is used to describe a company’s ability to produce profit and to consider several scenarios, such as an increase in expenses which is deemed ineffective. Many businesses regularly eliminate low-performing inventory or change their service offerings. But cutting low performers will lower your costs and increase your sales, which will raise your profit margin as well. Is there software you can use to collect and organize customer information? Can you use tracking software to manage shipping data and customer notifications? Automating some steps in the process or finding other ways to increase efficiency can save both time and money, allowing you to make more sales in the same amount of time and increase your profit margin per sale.

    By using a tool like Layer, you can enjoy additional benefits, like multi-platform and multi-format synchronization, scheduled updates, and full control over access to your data. Profit margins are some of the most commonly used metrics in the analysis of a company’s profitability, together with other financial ratios. Since the term profit is rather broad, specific ratios focus on different profit categories. Technology companies 7 basic invoicing questions you were afraid to ask like Microsoft and Alphabet have high double-digit quarterly profit margins compared to the single-digit margins achieved by Walmart and Target. However, that does not mean Walmart and Target did not generate profits or were less successful businesses compared to Microsoft and Alphabet. From a billion-dollar corporation to an average Joe’s sidewalk hot dog stand, profit margin is widely used by businesses across the globe.

    Businesses that are running on borrowed money may be required to compute and report their profit margins to lenders (like a bank) on a monthly basis. If we divide each metric by revenue, we arrive at the following profit margins for our company’s operating performance in 2021. The typical profit margin ratio of a company can be different depending on which industry the company is in.

  • PERAYAAN DEEPAVALI MULTISENSORI CAHAYA DAN BUDAYA

     Kuala Lumpur, 3 November 2023 – Sambutan Deepavali akan diadakan di Suria KLCC. Perayaan ini bertemakan “ Gemerlapan Taman Cahaya”. Acara ini bermula dari 3 November hingga 15 November 2023 ini. Semua pengunjung di jemput hadir bagi memeriahkan lagi perayaan yang memukau ini. Nikmati lah pemandangan yang menarik selama acara ini berlangsung di Suria KLCC. Terdapat rekaan taman yang di hiasi bunga-bunga yang indah dan hayunan buaian yang menjadi tarikan pengunjung untuk merakam detik indah ini.

     

    Dekorasi “kolam” interaktif bersaiz 20 kaki bakal menyambut pengunjung di ‘Centre Court’. Ianya mampu berputar dan memancarkan cahaya mengikut interaksi pengunjung. Suasana bakal dimeriahkan lagi dengan hiasan sebuah replika burung merak setinggi tujuh kaki. Ekor interaktif sepanjang 32 kaki mampu berkembang penuh gemalai dan begemerlapan mengikut interaksi pengunjung. Diilhamkan daripada bunga tiruan serta beras berwarna, ianya seolah olah hidup.

     

     Hiasan berwarna warni beserta penataan lampu dan kesan bunyi bakal bakal membangkitkan semangat perayaan cahaya ini. 

     

    Pada hujung minggu pula, para pengunjung bakal disajikan dengan persembahan n tarian tradisional kaum India di ‘Centre Court’. Alunan lagu lagu Deepavali terpilih juga boleh dinikmati di seluruh pusat membeli-belah untuk meningkatkan suasana perayaan ini.

     

     “Deepavali ialah masa yang amat bermakna, ianya melambangkan kejayaan cahaya mengatasi kegelapan, kebaikan mengatasi kejahatan, dan pengetahuan mengatasi kejahilan. Di Suria KLCC, kami bertekad untuk bukan sahaja menawarkan pengalaman membeli-belah sempena perayaan yang tidak dapat dilupakan, tetapi juga budaya yang memupuk hubungan dan persefahaman erat dalam komuniti kami,” kata Andrew Brien, Ketua Pegawai Eksekutif Suria KLCC Sdn Bhd. 2

     

     Untuk memeriahkan lagi sambutan kempen sambutan Deepavali ini, pembeli yang membuat pembelian berjumlah RM600 atau lebih dalam dua resit di mana-mana kedai terpilih akan memperoleh e-Baucar membeli belah Suria KLCC bernilai RM50. 

     

    Pusat Beli-Belah Alamanda 

    Sambutan Deepavali di Alamanda Putrajaya bermula pada 28 Oktober dan akan berakhir pada 13 November. Pengunjung bakal disajikan dengan hiasan yang meriah, termasuk “kolam” berwarnawarni yang dicahayai untuk mebangkitkan perasaan bertuah dan bernasib baik bagi penganut agama Hindu.

     

     Bagi menambahkan keseronokan, pengunjung yang membelanjakan RM300 dan ke atas dalam dua resit di mana-mana kedai khusus, Baucar Beli-belah Alamanda bernilai RM30 bakal menanti.

     Pusat Beli-Belah Mesra Mall

     Dari 8 hingga 19 November, di Mesra Mall Kemaman, sentuhan perayaan Deepavali dijelmakan melalui hiasan reka bentuk “kolam” yang dihasilkan daripada tepung beras. Terdapat juga tarikan lain seperti burung merak dan saree bagi meningkatkan suasana perayaan dan melahirkan semangat perayaan.