This is the 8647th most frequent Russian word.
отличное
Excellent.
Here, 'отличное' is used as an adjective to describe the noun 'решение' (decision), indicating its quality as excellent.
Это было отличное решение.
It was an excellent decision.
In this sentence, 'отличное' qualifies the noun 'предложение' (offer) to signify its distinguished or superior nature.
У нас есть отличное предложение для вас.
We have an excellent offer for you.
The usage of 'отличное' is to express the high quality of the noun 'блюдо' (dish) that will be served for lunch.