Main Line Munchie’s seeks to provide a quick, easily accessible, and affordable food service to the Main Line’s population of college-aged individuals. Food Trucks are “Trending” › Rutgers, Drexel, Penn…why not Main Line? › 100 colleges have university-run food trucks Lifestyle of College Students › Low-price, quick, affordable options › Late night crowd Main Competitors › Campus Corner › Winger’s / Nova Grill › On-Campus Dining Core Competencies › Location and Accessibility › Speed › Low Cost Core Processes › Service Logistics and Delivery › Market Research and Analysis College students and Main Line Residents ages 18-25 Mobile Solution along Lancaster Ave 4 Colleges/Universities › › › › Bryn Mawr College Haverford College Rosemont College Villanova University Average Tuition: $53,000 Local Average Income: $144,500 Most similar to a service process › Customization › Consistent quality › Customer driven High customer involvement › Hoagie contest Flexible but routine processes Flexible workforce Focus on: › Convenience › Speed › Price Customer satisfaction primary goal Defined guidelines in place Correct Correct Inputs Analyze Outputs Analyze Honor Foods – Philadelphia, PA › 275 brand name suppliers of frozen/dairy products; McCain, Hormel, Perdue, etc. › Ranked #1 amongst customers in area Penn Jersey Paper Company – Philadelphia, PA › Paper products and commercial grade equipment › Diverse product line › Proximity to location Periodic Review System › Most efficient in terms of stock › Large quantity order discounts › Ex: Annual Demand (D) Order Cost (S) Unit Holding Cost (H) Optimal Order Quantity (EOQ) 10608.00 0.18 0.01 617.97 # of working days/weeks 32.00 Review Period (P) 1.86 Expected demand/time (d) 331.50 Standard deviation of demand per unit time 32.67 Lead Time 0.00 Expected demand during protection interval 617.97 Standard deviation of demand during protection interval 44.61 Cycle/Customer Service Level (CSL) 0.95 Safety Stock (SS) 73.37 Target Inventory Level (T) 691.34 Expected Annual Cost 6.91 Customer demand › › › › Seasonal (open for 32 weeks a year) Highest demand: Thursday-Saturday Lowest demand: Sunday-Tuesday 1683 customers to break even Range: 50 customers (Mon)- 450 customers (FriSat) Average product profit: $2.57 › 2,188 products a week, 312 products a day › Each customer will buy 1.3 products We plan to manage any potential queues, or lines, that form by having some product ready to meet demand › Maintain fast service › Menu items can be customized to individual taste › We also plan to have efficient staff One out of every four nights out, students choose to buy late night food 36.71% are only willing to walk 0-5 minutes to get food 88.61% are only willing to walk 0-10 minutes to get food 49.37% of customers do not want to wait longer than 10 minutes for their food We bring fast, cheap food to you! Menu Item Level 1 Hoagie (1/2 lb) Level 2 Hoagie (3/4 lb) Level 3 Hoagie (1 lb) Sides Egg and Cheese Bacon, Egg and Cheese Drinks/Sodas Price $5.50 $6.50 $7.50 $3.50 $3.50 $4.50 $2.00 Cost $2.34 $3.51 $4.68 $1.17 $1.24 $1.89 $0.21 Profit $3.16 $2.99 $2.82 $2.33 $2.26 $2.61 $1.79