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HotSchedules Inventory: Rule Your Inventory with Recipe Tags

The ability to adapt is a key skill that anyone who runs a restaurant has mastered. That skill comes in handy, especially when it comes to managing your inventory. Maybe your main supplier ran out of chicken this week and you had to order from another vendor. Or, the price of eggs just went up […]

The ability to adapt is a key skill that anyone who runs a restaurant has mastered. That skill comes in handy, especially when it comes to managing your inventory. Maybe your main supplier ran out of chicken this week and you had to order from another vendor. Or, the price of eggs just went up and you need to make sure you cover those extra costs. With the new recipe tag feature in HotSchedules Inventory, you can reduce waste and save money by creating rules that prioritize how your stock is depleted.

Make Your Inventory Smarter with Rules

The ingredients in your recipes are now supplier agnostic with the recipe tag feature. If you want to use a similar item from a different supplier, don’t worry, you don’t have to make any changes to the recipes. Previously, if you wanted to change your depletion settings, you would have to manually change the recipe setup. Now, you can utilize the recipe tags to keep the same recipe, but change depletion with business rules, including:

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    • Oldest received vendor item – FIFO (First-In First-Out)

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    • Last received vendor item – LIFO (Last-In First-Out)

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    • Cost of vendor item

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    • Preferred vendor

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See How Item Changes Can Affect Recipe Costs

Even small changes can make a big difference. With this new feature, you can see how changing out a similar ingredient can affect your bottom line. Let’s say your supplier offered you bulk pricing on sugar, an ingredient that is used in most of your top recipes. By creating a tag for sugar, you can see how changing the ingredient changes the percentage of your total food cost. This insight allows you to prioritize your items and make changes to recipes to what makes the most sense for your bottom line.

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