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Restaurant inventory management is the process of monitoring and controlling the food and beverage ingredients within a restaurant's stock. It involves keeping track of what supplies enter and leave your inventory, analyzing usage, predicting future demand, and making decisions about when and how much to order.
When inventory management is done right, it helps restaurants reduce waste, save on costs, improve menu planning, and ultimately increase their profitability. The use of inventory software greatly improves the accuracy and efficiency of the inventory management process.
When choosing an inventory solution, consider its user-friendliness, integration with existing systems, real-time tracking capabilities, insightful reporting and analytics, reliable customer support, and cost-effectiveness. And don’t forget to ensure it has all the features you need for your restaurant.
Effective restaurant inventory management directly impacts vital financial metrics such as your Cost of Goods Sold (COGS) and Prime Cost. It optimizes food cost control by preventing overstocking or understocking, and reduces waste. Lower your COGS by making smarter purchasing and menu pricing decisions using accurate data.
Taking inventory with WISK is designed to be simple and intuitive:
WISK’s platform supports multiple units of measurement and partial quantities, simplifying measurements for items like open wine bottles or bulk goods. With WISK, inventory becomes a fast, efficient, and transparent process.
Yes. In fact, we recommend using bluetooth scales to make the inventory taking experience even easier. There are specific, cost effective scales that we recommend using with WISK.
Yes. All of your data is saved within WISK, even when there is no WIFI. Once you connect to the WIFI, your data will then update within WISK automatically.
WISK tracks inventory using a combination of barcode scanning, manual input, and real-time data synchronization. After the data is entered, inventory data is synchronized and updated in real time on WISK’s platform. Inventory levels, usage patterns, and variance are then analyzed and made available to users, delivering valuable insights on managing their stock effectively.