If you run a hotel, restaurant or resort, you already have a good idea about inventory management and the many headaches it can bring. The term ‘inventory management’ is a broad term that covers many aspects of running a hospitality business and in this short article, we take a closer look at how cutting-edge software is revolutionising the industry.
What is inventory management software?
Keeping track of all stock items is an essential aspect of running a restaurant, bar or hotel and customisable software allows real-time barcode scanning to keep track of in-house stock. Imagine having the ability to instantly know precisely what you have on the premises at any given time! This is what inventory management software can do for your business. Staff can use their own smartphone camera to scan items in or out by using a mobile app.
Recipe management
One very powerful feature is recipe management, where you can store all recipes and menu items; a cloud-based storage system that is password-protected, ensuring that your confidential data is secure. Once the system is set up you can easily import your existing recipes for easy access and with real-time updating, everyone is on the same page. Once you start using a cutting-edge recipe management system, you will wonder how you ever managed to get by without one.
Effortless stocktaking
Real-time tracking empowers the manager by giving them an instant read-out of all stock; you can set notifications so you will never run out of essential stock items. You no longer need to spend hours checking stock, as the barcode system gives you the information you need to make the right decisions.
Procurement
Ordering supplies can be very time-consuming, which is why you should set up automated ordering in your inventory management software. Another benefit is a global list of suppliers and cost analysis software that keeps you within your budget. Access product catalogues with real-time pricing and the system is compatible with EDO and OCI connectivity, along with a transparent approval system. Click here for information on recruitment and the benefits of using an agency.
Maintain prompt payment cycles
Automated invoicing ensures bills are paid promptly and that is good for all parties; you can go paperless by migrating your invoicing to the cloud, which removes the need for those bulky filing cabinets. Simply scan all paperwork and store the scanned images on your cloud network. Of course, you can retain your local suppliers and a long list of additional suppliers is waiting should you wish to place orders.
If you would like to learn more about inventory management software, start by searching the web for a leading global developer and take a look at their digital products; there are software packages that are designed for the hospitality sector.
If you have yet to migrate your business data to the cloud, now is the perfect time to make the switch and at the same time, you can set up an inventory management system to boost your business.
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