As a business that heavily depends on fresh products, a restaurant must
have proper food inventory management to succeed. Keeping track of stock
consumption across all the outlets helps you to make informed business
decisions on how to run the restaurant for maximum profit. Otherwise,
you will have to deal with food shortages, unnecessary food waste and
inaccurate forecasting – all of which can greatly hurt your cash
flow.Using retail inventory software
like Advstock Inventories small business stocktaking app helps to
mitigate these stock inventory management crises. Our barcode inventory
system makes monitoring the goods’ stock levels easier, giving you
real-time insights into what goes in and out of the restaurant’s
inventory.
A stock and inventory app allows you to pinpoint the
causes of stock loss – from accidental spills and overproduction to
theft and poor portion control – and come up with better strategies to
reduce the amount of waste. In other words, proper food inventory
management with the right stocktaking apps for food and beverage may solve the bottleneck that prevents your restaurant from achieving monetary success.
Now
that your food inventory management has been improved, check out these
excellent food inventory management practices for optimising other areas
in your restaurant operations.
Raw Material Management
Use
the stock and inventory app of your choice to make sure your raw
materials are efficiently used. For example, you can set a rule to use
older stock first (First In First Out) to reduce spoilage and create a
reorder level for each raw product to mitigate stockout. Input each
item’s purchase and expiry dates into the inventory management system
and use the filter feature to make your work easier.
Integrated Inventory Management
If
your restaurant has a bar with an independent inventory, consider
integrating it into your system to avoid stock discrepancies. Unlike
other inventory tracking systems, Advstock software offers a mix of
integrated hardware options (Handheld Scanners, iPhone and Android Apps
and Pocket Scanners) that support our self-service cloud-based stocktake
software.
Limit Access to Inventory Management System
Your
stock inventory data is an important asset for running your business, so
you should treat it with extra care. Start by limiting access to your
inventory management system to stakeholders only. Contact our team to
learn how to modify user access via Advstock’s user-friendly dashboard.
Perform Stocktake Regularly
Monitoring
sales and inventory levels every day helps your restaurant to be in a
better position to respond to changes in real-time. For instance, if you
sold much more of a menu item than expected and are running low on
ingredients, you can order them to support demand without having to
remove it from your menu.
Advstock self-service stocktake
solution allows you to leverage your own resources from anywhere. Simply
download the app and use our clip-on phone scanner to turn your mobile
device into a barcode scanner. This way, you can perform stocktake as
many times as needed cost effectively.
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