How to Manage Your Restaurant Inventory for Greater Profitability

Sculpture Hospitality

Your restaurant inventory is the backbone of your business. The stock you buy is an asset that directly impacts how profitable your business is, yet so many restaurants aren’t building inventory management strategies that protect those assets. Restaurant Inventory Bar Inventory

Bar Inventory Spreadsheet or Bar Inventory System: What’s Best?

Sculpture Hospitality

Counting, managing and successfully maintaining your bar inventory seems simple at first glance, yet many bars are using time-consuming, ineffective and inaccurate processes that lead to hidden costs and lost profits. Restaurant Operations Restaurant Inventory Bar Inventory

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

The New Sculpture Hospitality Dashboard for Inventory Management

Sculpture Hospitality

Are you struggling to gain complete visibility and control over your restaurant or bar’s inventory ? Bar Management Restaurant Inventory Bar Inventory

How to use Bar Inventory Software to Set Your Bar Inventory PAR Level

Sculpture Hospitality

In our previous blog, we discussed how to calculate your bar inventory usage through the use of a simple calculation and a bar inventory management system. Restaurant Inventory Bar Inventory

Restrictions Into Opportunities: How to Make Your Restaurant Succeed

Speaker: Patrick Cottrell and Joe English

Whether your state allows outdoor dining, takeout only, or a little bit of both, we're here to help. Join Patrick Cottrell and Joe English from Sculpture Hospitality, for a webinar on Jan. 26th, and get your restaurant to thrive in face of pandemic restrictions

Why Bar Inventory Management is Crucial to Post-Pandemic Success

Sculpture Hospitality

Restaurant Operations Restaurant Inventory Bar InventorySince the beginning of the COVID-19 pandemic, bar owners around the world have learnt a number of lessons about managing their businesses during challenging times.

Make Doing Inventory Fast, Easy and Fun

Crunchtime

Accurate inventory management is a foundational pillar for your restaurant operation. Yet, inventory counting is one of the single most tedious tasks in the restaurant’s back of house - until now. Anyone who has taken inventory in a restaurant knows that it’s usually a chore.

R365 Inventory Product Overview

Restaurant365

The post R365 Inventory Product Overview appeared first on Restaurant365. Videos

Boost Profitability With These 5 Restaurant Inventory Purchasing Tips

Sculpture Hospitality

Restaurant inventory management is a process that helps your business monitor the food and beverage products that you have coming in and going out of your restaurant on a weekly, monthly or quarterly basis. Restaurant Inventory

Bar Inventory Best Practices: How to Prevent Overpouring

Sculpture Hospitality

Bar Management Bar InventoryIn our last blog , we discussed how liquor shrinkage (also known variance) can have a huge impact on the profitability of your bar.

The Problems with Managing Inventory in Spreadsheets

Hot Schedules

The Problems with Managing Inventory in Spreadsheets. U sing spreadsheets for hospitality inventory management is inaccurate, inefficient, and unwise. Learn how poor inventory management could be making operators crazy and hurting your business. All Posts Inventory Management

Dive Into Your Inventory Data (and Add Substantial Profits to Your Bottom Line)

Speaker: Ian Foster, Sculpture Hospitality Regional Director West Coast

In this seminar, Ian Foster will discuss the basics of inventory management, including tips on how to get inventory right and how to evaluate your food and pour costs. Ian will examine the best ordering practices from our clients. Finally, he’ll share some case studies showing how well designed inventory control can uncover hidden losses from over-pouring and lost sales that will result in several thousand dollars of extra profit every month.

Food Inventory Control – Taking Inventory

Chef's Resources

Managing Restaurant & Hotel Food Inventory – (Part 1 of 4) One of the most important components of managing your food cost is managing your inventory process. The post Food Inventory Control – Taking Inventory appeared first on Chefs Resources.

Bar Inventory Management: How to Reduce Liquor Shrinkage

Sculpture Hospitality

Bar inventory management is a crucial aspect in understanding exactly how your business is performing compared to your key performance indicators (KPIs). The insights your bar gains from accurate inventory reports can help to drive up the profitability of your business.

Restaurant Inventory: Calculating Food Cost Variance to Boost Profits

Sculpture Hospitality

Kitchen Management Restaurant InventoryRestaurants are all about customer experience and sometimes it’s easy to forget that a restaurant is a business, and any successful business needs good accounting.

How Restaurant Inventory Management Software Can Reduce Food Waste

Sculpture Hospitality

Restaurant InventoryAccording to Restaurant Hospitality , about 63 million tons of food is wasted every year in the US alone. In the restaurant industry, food waste amounts to a staggering cost of $25 billion each year.

Bar Inventory Management: How Do I Correctly Price a Drink?

Sculpture Hospitality

Bar Management Bar InventoryPricing the drinks in your bar can be tricky. Set your liquor prices too high and you run the risk of driving customers away, but set your drink prices too low and you may not be bringing enough money in to even cover your costs, especially if volume fluctuates.

Restaurant Inventory Management System

Lavu

Inventory management is at the heart of running a successful restaurant business. With food ingredients costing a dime and requiring frequent replenishment, a restaurant inventory management system is necessary. Components of a Restaurant Inventory Management System.

Mastering Restaurant Inventory Management in 10 Easy Steps

Restaurant365

When it comes to restaurant inventory, there are a lot of moving pieces. Understanding how to master restaurant inventory management is an invaluable skill. Your inventory control tracks what is coming in and out of your restaurant and what is left over during a certain period of time.

Your Complete Bar Inventory Management Glossary of Terms

Sculpture Hospitality

Bar Management Bar InventoryManaging a bar is complex. It requires the ability to manage your employees, understanding of the hospitality industry, expertise in creating products that your customers will enjoy and the skill to build an establishment that attracts new business.

Your Complete Restaurant Inventory Management Glossary of Terms

Sculpture Hospitality

Restaurant InventoryWhether you’re the owner of a restaurant or the day-to-day manager, you likely got into this career for the love of creating delicious dishes and delighting customers.

Bar Inventory: What is Pour Cost Percentage and How is it Calculated?

Sculpture Hospitality

When it comes to owning or managing a bar, it’s likely you know just how important successful bar inventory systems and processes are for the profitability of your business. Bar InventoryUnderstanding your costs is vital for making informed business decisions.

FIFO Vs LIFO Vs WAC: What Restaurant Inventory Costing Method is Best?

Sculpture Hospitality

Restaurant inventory management is critical if you are to run a successful, and profitable, business. The financial health of your restaurant, and how profitable it is, largely depends on the goods held in your inventory. Restaurant Inventory

What is inventory management?

Izettle

Inventory management is a way for business owners to track the products or goods that they’re going to sell – from sourcing raw materials to storing and selling items in a store. Why is inventory management important? Benefits of Zettle Go inventory management.

Restaurant Inventory Management: Why Accounting Integration is Important

Restaurant365

You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control.

Restaurant Inventory Spreadsheet for Getting Started with Inventory Management

Restaurant365

Restaurant inventory management is the process of monitoring the food and beverage ingredients in your restaurant. Knowing these essential metrics enables you to make more informed supply orders, and tight inventory control helps you reduce food waste, adding to your bottom line.

4 Reasons Why Restaurant Inventory Management Matters

Sculpture Hospitality

Running a restaurant is a dream for many people. The truth is, however, that running a successful restaurant isn’t just about crafting amazing meals. It takes a remarkable amount of work and an extensive amount of business acumen to run a successful restaurant

Why Successful Bar Inventory Requires Both Tech and Expert Support

Sculpture Hospitality

Taking bar inventory can be time-consuming and frustrating. Yet most hospitality businesses are still using inefficient and ineffective manual spreadsheets to complete their bar inventory management

Sculpture Hospitality’s Inventory Management Solution Makes the News!

Sculpture Hospitality

Sculpture Hospitality is delighted to announce that our innovative inventory management solution for restaurant and bars has hit the news, featuring on a recent episode of NewsWatch - a trusted source for breaking consumer, technology, travel, health and entertainment news on the AMC Network and ION Network. Company News

Bar Inventory Programs: Are You Leaving Money on the Table?

Bar and Restaurant Coach

Does your bar or restaurant operation have an inventory program or an ordering program? Often, people believe they are running an inventory program, or consider both practices one and the same. It’s largely due to the way venues manage their inventories. Inventory Program. Here’s a shameless plug: Barmetrix is known worldwide as the experts in outsourced liquor inventory control. Factor in pre & post inventory positions.

Should Your Restaurant Take Inventory?

Xtra Chef

Every hospitality vet knows that taking inventory sucks. It’s time-consuming to write down the numbers of every single item in the walk-in by jotting notes on a printout, then transferring the notes to an Excel spreadsheet or directly into an old-school inventory management system.

Restaurant Inventory Management All-time Best Practices

Crunchtime

It's as unavoidable as death and taxes: we're talking inventory management. Counting inventory can be a restauranteur's least favorite part of their job - but, it doesn't have to be. There are several ways to make taking inventory a little easier and less painful.

Restaurant Inventory Software Tips

The Restaurant Expert

Restaurant inventory software is a fast and efficient way to get a better handle on your restaurant inventory processes. If you’ve tried using the inventory module in your POS system and ended up with nothing more than a countdown of what you have sold, then you know the frustration of overpromising. Watch this video or read below to learn what restaurant inventory software should do for your restaurant. Why restaurant inventory matters.

Protected: Liquor Inventory – The Ultimate Guide for Bars and Restaurants | Barmetrix

Bar and Restaurant Coach

To view it please enter your password below: Password: The post Protected: Liquor Inventory – The Ultimate Guide for Bars and Restaurants | Barmetrix appeared first on Bar and Restaurant Coach. Bar Operations Business Growth bar inventory liquor inventoryThis content is password protected.

Restaurant Inventory Management: 4 Ways to Maximize Restaurant Profits

Sculpture Hospitality

Did you know that improving your food and beverage inventory management processes can help your business to garner better profit margins Are you looking for ways to improve your restaurant’s profitability?

Why Manual Restaurant Inventory Management Is Eating Your Profits

Restaurant365

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management?

Bar Inventory: How to Create a Signature Drink Your Bar is Known For

Sculpture Hospitality

Building a successful and profitable bar is all about creating a brand story that customers’ buy into. The better your story, the easier it will be to attract new guests and the more likely it will be that existing guests stay loyal to your bar. Bar Management

Bar 124

5 Tips for Restaurant Inventory Revenue Maximization

MBB Hospitality

Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management.

Forecasting for Restaurants: Implications for Inventory and Labor

Restaurant365

Inventory forecasting is calculating the precise amount of future inventory and production needs for your restaurant, and it also takes into account historical consumption patterns and the shelf life of finished goods. How to forecast your restaurant inventory.

Three Ways to Improve Your Inventory Management as You Scale

Crunchtime

Your inventory management operations play a critical role in how well you optimize and maintain your food costs. As your restaurant grows and your inventory becomes more complex, it can be harder to maintain the level of inventory management efficiency you had at a smaller scale.

2019 106

6 Restaurant Inventory Management Best Practices You Need to Know

Sculpture Hospitality

It may be repetitive and time-consuming, but restaurant inventory management really is one of the most important aspects of your job as a restaurateur.

The Ultimate Guide to Restaurant Inventory Management

Xtra Chef

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. But having too little inventory makes it difficult to meet customer demand.

Managing Restaurant Food Inventory When Moving to Delivery Only

Restaurant365

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. No matter what business model your restaurant is operating on, managing your restaurant inventory helps you prevent waste, lower your food cost, and maximize your bottom line.