Restaurant Enterprise Asset Management Software

November 11, 2022

How Restaurant Owners Can Make the Most of Enterprise Asset Management

As a restaurant manager, you’re tasked with making your venture as profitable as possible. It’s a tough task in such a risky and low-margin business, but it can be done. A lot of your success will hinge on how well you manage the assets in your restaurant. That’s why a lot of restaurant managers have started using Enterprise Asset Management to help them stay on top of their assets and get the most out of them. These systems are a good way to help you avoid certain risks, stay on top of asset life cycles and warranties, and minimize those operating costs. Here’s how you can use enterprise asset management in your business.

What Is Enterprise Asset Management?

Firstly, what is an enterprise asset management system? Also known as an EAM, it’s a system that allows you to keep track of all the assets in your business. In a restaurant, that’s a lot of different assets. It includes everything from food & beverage inventory to the cooking equipment to the tables and chairs in the front of the house.

You’ll typically use an EAM through a dedicated software system, and this is what will help you track what assets you have, who’s using them, who to call for servicing/repairs, and when they need to be maintained or replaced. With all that data at hand, you’ll be able to predict any future expenditures, and when you’ll need to make those maintenance checks.

An EAM can also track perishable assets (food inventory is considered an asset), so you’ll know what’s going in and out of your kitchen. As such, a good EAM will help you track every single asset you have, and ensure that there’s seldom ever downtime thanks to breakdowns, issues with supply, and so on. There are a lot of options for EAM system so take your time to evaluate which one works best for your needs.

Key Features of an EAM System

There are several different features of an EAM that will give you what you need for asset management:

1. Work management: Maintenance is key to keeping everything running smoothly in your restaurant. That of course means maintaining all your kitchen equipment, but you’ll also need to manage every other asset in your business. For example, you’ll need a functioning HVAC and ANSUL system, so keeping on top of the maintenance for them is crucial. An EAM will help you track when maintenance is needed, and book inspections and repair work before anything breaks down.
2. Inventory management: To book and get that maintenance done, you’ll need to know which items need maintenance right now. You can use barcodes, RFID, and other tools to track the location of each asset, who’s using it, and its condition. You’ll then be able to get maintenance done before a full breakdown.
3. Supply chain management: Using an EAM will help you stay on top of your supply chain. You can use it to help you secure parts, perishable assets and more, so you’ll always be prepared.
4. Shelf life management: The perishable items in your restaurant are going to have a limited shelf life, and with an EAM system it’s easier to ensure all those assets are used before they expire. You can use the system to effectively use the First In, First Out (FIFO) method, so you’ll minimize food waste.
5. Analytics: As you’re using an EAM, you’ll have access to a lot of data about your restaurant’s assets. That enables you to make more informed decisions about your asset management and improve efficiency as a result.

The Benefits of Using an EAM

You have already read plenty of the advantages of using an EAM in your business. Here are some more benefits that you’ll be able to reap:

• Get the most out of assets
• Use the FIFO method
• Comply with safety regulations
• Offer better customer experience
• Prevent some future issues

The Future and Potential Challenges of EAM

The restaurant business has changed a lot in recent years, largely thanks to COVID-19. As such, there is a need for businesses to change too in order to survive.

Having an EAM helps you manage a restaurant and lower your labor costs, taking pressure off the staff you have. Many businesses have already benefited from it.

There are several trends that are rising alongside EAM. The Internet of Things helps with tracking data on each asset, and augmented reality can present info on any asset for remote experts. Because of these benefits, we’re going to see more changes as time goes on.

EAMs are making restaurant management that little bit easier, thanks to the fact they offer a simpler way of managing assets. Everything is in one place for you, and you can take action on assets before breakdowns or shortages occur. You can understand why a lot of restaurant managers are already using them.

Author Bio: Jenny Han is a writer for Cheap Case Study, and Law Essay Help. She covers the restaurant industry and management. She’s also a contributor to Essay For Sale.

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