Things to Consider if you want to improve your inventory management system

Restaurant owners always want to be in demand as this means more business for them. However, imagine being a restaurant owner who’s food is in demand but they can’t avail of the opportunity because they have run out of supplies. Running out of supplies mid-service causes you uncalled-for stress and anxiety, in addition to possible monetary loss. 

Having a good inventory system would prevent such events from happening as you would be informed about your inventory accurately, notified when you are running low on supplies or when there is a sudden increase in the order of a product. Simply put, you would never be caught off guard with matters related to your inventory. So, it is clear that any restaurant needs a good restaurant inventory management software if it wants to succeed. However, what are the things you need to consider if you want to purchase inventory management? 

Restaurant Inventory Management Software
Easy to Use Interface 

No restaurant owner would like to spend money on a system that requires them to spend extra money. When a system is hard to operate, special training would be required by the staff to operate it which means more money needs to be spent by the owner. A restaurant owner investing in a system to assist him would never agree to spend even more money on the training of his staff. 

Therefore, the inventory management system should have icons and interfaces that are self-explanatory and easy to use, giving the users a gratifying experience. Helping videos and guidelines should also be available with the system.

Real-time Inventory Tracking 

If you have different outlets of your restaurant then you should have an accurate number of the stock available at each. Similarly, there should be an in-stock and out-stock feature that provides you with the details of the overall stock available at the start and the end of each day. Plus, the system needs to be vigilant enough to check the difference between the availability of ideal stock and actual stock at the end of the day. Lastly, alerts need to be generated when you are close to running out of stock or overstocked. 

Kitchen Management 

Cloud-based inventory management stores data in the cloud that can be accessed by anyone, anywhere. This means that multiple receipts can be generated and stock can also be updated from anywhere. Once a purchase order receipt is created, the kitchen management should subtract the item from the stock. 

Inventory Reporting

Inventory reporting is one of the most essential tools of an inventory system. Inventory reporting tool in an inventory management software should be of such caliber that it can generate reports on a daily, monthly and weekly basis. There should a filter to generate reports based on the products too. These reports allow a business to make more well informed and better decisions. 

Waste Management 

For any restaurant, providing fresh food is a necessity. This means that sometimes, food can go to waste too. Waste management feature in an inventory management software informs you of the total stock waste each day. This gives you an accurate idea of how much of an item you should order. You can also anticipate what products are more appreciated by the customers and which less by accessing these records. 

Conclusion: 

Inventory management software is a necessity for any restaurant; small-scaled, or big. They help restaurants in improving their performance and maintaining a good standard in the market. The worst nightmare for any business is if it gets a bad name. Thanks to social media, customers can easily voice their complaints and gather support for their claims. If a restaurant is running low on supplies, there’s a lot of chance that they can receive backlash for it and be exposed to social media.

Comments

Post a Comment

Popular posts from this blog

The Evolution of Restaurant POS Systems

Image
Human beings are comfortable with familiarity. This is one of the reasons why so many restaurants and retail stores still haven’t upgraded to cloud based POS systems for restaurants and retail from the good old cash registers. Another concern for restaurateurs and retailers is that if they start using a digital solution, their customers won’t be able to enjoy the hospitality they are used to.  However, according to research, customers have a redefined definition of hospitality. More than 70% of the restaurant-goers are of the opinion that technology improves their overall experience. The shift to online ordering and payment has revolutionized the restaurant industry. For any restaurant to be successful, real-time analytics are required and this is the reason why point of sales systems have become so popular. So, have you ever wondered how this technology evolved? What stages did it go through before it came here? Let’s delve a little into the history of POS: 
Read more

Restaurant POS for Pizza Parlours

Image
The first interface that a customer or server encounters in order to make a payment in exchange for some service or goods. The total amount is calculated; the customer pays for it and gets a receipt in response to the transaction. You’ll find Cloud Based POS Systems for Restaurants at every eatery, but especially at pizza parlours. It won’t be false to say that a restaurant POS is necessary at fast food joints.  People like to customize fast foods a lot and remembering each and every order can be hard but with a POS, you can easily take orders and maintain order history too. So, when a customer reorders from you, you get to view history and simply reorder. It’s best to use POS that is specially designed to cater to your niche than a general, all-purpose POS. The features a restaurant POS requires are different than the features needed for a retail store. So, today, let’s take a look at the key POS features required by a Pizza Joint. 
Read more

Are Ghost Kitchens, and Virtual Restaurants & Delivery Apps Our Future?

Image
The coronavirus pandemic has forced the restaurants to stop dine-in options and only focus on delivery and takeaway methods. In fact, options like takeout, delivery and order ahead have become common, and restaurants are investing into systems like cloud based POS systems for restaurants to ensure that they don’t miss any orders and provide the best customer service possible.  Ghost kitchen, virtual restaurants and third-party delivery services have observed a boost since the pandemic. The freshly prepared meal is the demand of the customer base, and these options allow food and beverage providers to fulfil it. While it’s true that third-party delivery apps like foodnerd have become pretty popular around the world, ghost kitchens and virtual restaurants are still gaining momentum to become a household name.
Read more