It goes without saying that managing inventory effectively is crucial for restaurants, regardless of their size and diversity of the menu. After all, the more you have on the shelves, the more money you have tied up in the stock on hand. Now, if any issues arise with your stock, such as spoilage or theft, or you commit the common mistake of over-stocking, it will affect the bottom-line. Over time, this could mean losses of thousands of dollars. This is where inventory management software can help you keep things streamlined and ensure you don’t lose any money because of inventory related issues.Inventory Management Software

Using an inventory management tool can help you boost sales and prevent losses. In addition, you will be able to get a better idea of the food costs your business incurs periodically and also find any inventory waste. All of these are preventable problems, which you can deal with once you know what to change and how to change it. All of this is possible with inventory management software. Using the software provided by Altametrics Enterprise Office, you can boost your sales by up to 2% by preventing wastage and minimizing losses. This means the change will directly affect your bottom-line.

How to Make the Most of Automated Inventory Management Software

Using the inventory management software, you can automate inventory control at your restaurant. To make the most of the new system, there are a few measures you can take:

  • Have consistent recipes for all of the items on your menu. This will ensure that the orders you place are consistent, minimizing the hassle of ordering different items each time, smoothening the supply chain.
  • Define adequate but fixed portion sizes for the items, which cost you the most. This includes any items that you use in a majority of your recipes.
  • Make sure your staff checks the inventory and takes stock every week to stay on top of your requirements.
  • You shouldn’t have more than a week’s stock on hand at any given time. Beyond that, you have more money tied up in inventory than industry experts recommend.
  • Last, but not least, do not let perishable items lie around for too long. Keep rotating so that the risk of waste is decreased.

Incorporating all these measures before investing inventory management software will deliver the best results.

The Benefits You Get

  • When using modern inventory management software, you don’t have to rely on outdated spreadsheets
  • All your inventory-related data is up to date
  • Your staff can identify inventory patterns and place orders accordingly
  • You receive accurate food cost reports. You can define food cost as the main KPI for performance bonuses for your staff
  • Identify the items on which you are unwittingly making a loss
  • Streamline supply chain processes to boost efficiency and profitability

It is plain to see how inventory management software can benefit your restaurant. Invest in a tool now to reap the benefits in the future.