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Before inventory platforms came into place, restaurants had to rely on manual methods to track their inventory.
This was often a time-consuming and error-prone process, as it required employees to manually count each item in the stockroom and compare it to records of what had been sold.
It often resulted in mismatches between what was actually in the restaurant and what was shown on the menu, leading to unhappy customers.
Inventory platforms have made it much easier for restaurants to keep track of their inventory and ensure that they always have the right amount of food on hand.
95% of restauranters claim that the use of technology has improved their overall business efficiency.
Are you thinking about opting for an inventory platform for your restaurant business?
In this blog post, we will discuss the top six inventory platforms to help you choose the right one for your restaurant.
What Is An Inventory Platform?
An inventory platform for restaurants is a tool that helps them in managing restaurant inventory. It can be used to track stock levels, sales, and shipments.
The platform can also be used to create reports and analytics to help optimize inventory management.
Benefits Of Inventory Management System For Restaurants
There are four main benefits of using an inventory management system for restaurants.
1- Time And Cost Savings
It can help restaurants to save time and cost. By using inventory system software, restaurants can track their inventory in real-time and know when they need to restock their supplies.
This can help them to avoid overstocking or running out of supplies, which can save a lot of time and money.
2- Improved Food Quality
It enables restaurants to improve their food quality and safety.
With an IMS, restaurants can track the expiration date of their food items and ensure that they are serving fresh and safe food to their customers.
3- Increased Sales
It helps restaurants to increase their sales.
By using an inventory management system, restaurants can know what items are selling well and what items are not selling well.
This information can help them to make decisions on how to price their menu items and promotions.
4- Better Resource Management
With an IMS, restaurants can better manage their resources.
By using an inventory management platform, restaurants can track their use of water, electricity, and other resources.
As 75% of restaurants fail to achieve optimal costs, this information can help them to find ways to reduce their resource usage and costs.
Top Six Inventory Management Platforms
If you manage a restaurant, then you know how important it is to keep track of your inventory. After all, if you run out of food, then your customers will be very unhappy.
That’s why it’s essential to have good inventory management software in place.
There are many different inventory management platforms available, but which one is right for your restaurant?
To help you make the best decision, here are the top six inventory management platforms for restaurants.
If you’re looking for a platform to streamline your restaurant inventory, jalebi’s restaurant operation management software is a perfect choice.
Our restaurant software is designed to help you manage your inventory more efficiently, so you can focus on other aspects of your business.
With jalebi, you can track your food and beverage stock, optimize your menu choices, and streamline your ordering process through its POS, IMS, and many other features.
We also offer the following features to help you run your business more effectively.
- Real-Time Tracking
With jalebi, you can integrate your menu with the inventory to track inventory in real-time.
This means that you’ll always know exactly what ingredients you have on hand, and can make adjustments to your menu accordingly.
- Universal Menu
By using jalebi’s restaurant operating system, restaurants can create a universal menu for all their branches.
It is extremely beneficial for businesses as it allows them to keep track of what items are selling well and where they need to adjust their stock level.
- Sales Data Visualization
We provide restaurants with effective sales data visualizations that help them to predict future demand and manage inventory accordingly.
2- eZee BurrP
If you’re looking for comprehensive and effective inventory system software for your restaurant, eZee BurrP is worth-checking!
- Inventory tracking
- Ingredients viewing
- Manual stock editing
This platform is designed specifically for restaurants and comes with all the features you need to manage your inventory effectively. It’s easy to use and can save you a lot of time and money.
If you’re looking for a platform for managing restaurant inventory, inFlow is a great option.
With inFlow, you can keep track of your inventory levels, reorder points, and more. This can help you avoid overstocking or running out of items.
- Inventory control
- Integrations and API
Plus, inFlow integrates with QuickBooks, so you can manage your finances and inventory in one place.
Orderly is a cloud-based restaurant software that offers a variety of features specifically for restaurants, including inventory management.
It’s simple to use and can help you save time and money by keeping track of your stock levels.
- Supply chain management solutions
- Digital store assistant
- Mobile payments
In short, Orderly is the all-in-one platform you need to streamline your restaurant’s operations and take your business to the next level. So what are you waiting for? Sign up for Orderly today!
Lightspeed is one of the best platforms that can help you manage your restaurant’s inventory.
It is a cloud-based system that allows you to track your food and beverage items, as well as your kitchen supplies.
- Advanced insights
- Current stock on hand records
This platform can save you time and money by helping you keep on top of your inventory levels so that you never run out of the items you need.
Crunchtime is an inventory management software that can be leveraged by restaurants. It’s designed to make tracking your inventory easy and efficient.
- Automation of manual processes
- Forecasting analysis
- Supply chain optimization
With Crunchtime, you can quickly and easily see how much food you have on hand, as well as when it needs to be replenished.
This way, you can avoid running out of food, which could lead to unhappy customers, and boost your sales in no time.
Now that you have a list of inventory management platforms to choose from, it’s important to select the one that best aligns with your restaurant’s requirements.
Take into account the ease of use when selecting an inventory management platform. You’ll want to choose a system that is user-friendly and easy to learn.
A complex system will only add to the already chaotic nature of managing inventory.
The right inventory management platform can make all the difference in keeping your restaurant running smoothly. Be sure to do your research and select the system that is right for you.
Frequently Asked Questions
- What are the 4 types of inventory management?
There are four main types of inventory management: Just in time (JIT), economic order quantity (EOQ), inventory turnover, and ABC analysis.
- JIT inventory management is a system where businesses only produce or order the amount of inventory they need to meet customer demand, with no buffer stock.
- EOQ is a model that helps businesses determine the optimal order quantity for their inventory, based on factors such as holding costs and ordering costs.
- Inventory turnover is a measure of how often a business sells through its entire inventory in a given period of time.
- ABC analysis is a method of classifying items in an inventory according to their importance.
Items are usually classified as A (high importance), B (medium importance), or C (low importance).
- What is the difference between stock and inventory?
Stock refers to the raw materials or products that a company uses in its business, while inventory refers to the finished products that a company has for sale.
Stock is typically kept on-site at a company’s facilities, while inventory is usually stored off-site in warehouses.
Finally, the stock is often managed by production staff, while inventory is typically managed by sales or marketing staff.
- What is inventory planning?
Inventory planning is the process of determining the right level of inventory that a company should maintain to meet its customer’s demands.
The goal of inventory planning is to strike a balance between meeting customer demand and minimizing the cost of holding inventory.
The key to successful inventory planning is finding the right balance for your specific business needs.
There are a number of different methods and software programs available to help with this process.
Working with a professional inventory planning consultant can also be helpful in ensuring that your business has the most effective system in place.