10 Ways to Fix Your Broken Inventory System with Integration
Knowledge is power, especially when it’s the power to cut your food costs and waste. Anyone who runs a restaurant knows that inventory costs make up a big chunk of your budget, and with margins already as thin as they are, keeping track of your stock is vital to profitability. You may already have an […]
Knowledge is power, especially when it’s the power to cut your food costs and waste. Anyone who runs a restaurant knows that inventory costs make up a big chunk of your budget, and with margins already as thin as they are, keeping track of your stock is vital to profitability. You may already have an inventory management process in place, but if your inventory system isn’t integrated with your suppliers and POS, those hard-earned dollars can slip through the cracks.
How Supplier Integration Steps Up Your Inventory Game
- Prevent order errors that cost you money and get more time back with automatic order generation based on par-level data and one-touch order submission.
- Don’t let orders get lost in the shuffle. Automated order confirmation gives you confidence that your orders are on their way and gives you the tools to hold your suppliers accountable is something’s missing.
- Did you spend more money than you expected this month? Become more accurate at estimating food costs with automated catalog updates that include up-to-date pricing information.
- Shopping around is great, but are you taking advantage of supplier’s competition for your business? Get the best bang for your buck with a cost comparison between your vendors’ similar items with catalog imports.
- Are the numbers just not adding up? Make sure your suppliers deliver with automatic receiving reports that prefill with order quantities.
Restaurant Inventory Software Integrated With Your POS Pays Dividends
- Not ordering enough or throwing away too much? Let your inventory application tell you what to order based on sales, sales mix, and usage variance data.
- Calculation errors because your par levels off? Make sure your pars are always accurate by analyzing sales data and updating more frequently.
- Knowing what you ordered and sold, but not having to have a Ph.D. in accounting to calculate how much of each item you should have after the sale. Automatic inventory depletion allows you to make sure your actual stock levels match your theoretical values.
- A few unexpected lunch rushes might cause some items to get 86ed before your next delivery. Make sure you have the most accurate on-hand report to make sure you don’t run out.
- You’re missing some items, but you can’t put your finger on why. Variance reporting and Item Analysis reporting helps you identify problem areas like breakage, portioning, counting mistakes, shrinkage or theft down to the transaction level.