Practice Of Datum Analysis To Catering Enterprise

With sustained economic growth and rise in disposable income, the catering industryhas experienced great changes in the thirty years since the reform and opening-up inChina. Certain industries, such as manufacturing, real estate, and the financial sector,have created job opportunities. As such, employees and investors alike choose to notonly work but also invest in these industries. In contrast to these traditional industries,the market power in the catering industry is relatively dispersed as no single companyhas a market share in excess of one percent. The high-yields in the catering industryhave been attracting more and more investors to enter into this industry. Cateringindustry is becoming a perfect competition industry which makes the catering marketratio higher. There will be a lot of restructuring and reconsolidation of the cateringenterprises as more catering companies choosing to enter capital market.Traditional catering industry relies on traditional material and tools to make deliciousfood for consumers. The difference between traditional and modern catering industryis that modern catering industry also supplies value-added services to consumers suchas food presentation, dining environment, and employee service. The industry isbecoming more complicated with as the number of factors affecting the businessadministration and the profitability of a catering company increases. These important factors include raw material costs, rental costs, human resource costs, and so on.Therefore, it is important for a decision maker to analyze data in order to assessoperating conditions and make right decision for a company.This article explores the importance of data analysis for the catering industry by usingsome useful model from operation data. As a side note, for interest on the profitabilityof the business and entrepreneurship, the author of this article made an investmentpractice in Shanghai. The article will strengthen the exploration on data analysis withthe real datum from the investment practice.