article thumbnail

Your Go-To Guide for Restaurant Inventory Management

7 Shifts

Both situations could have been prevented with proper restaurant inventory management, which gives restaurant operators better oversight over what's in stock and how it is used. Inventory Basics. The Best Restaurant Inventory Management Software. Inventory

Inventory 311
article thumbnail

Managing Inventory with Quality Data and Automation

Modern Restaurant Management

Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Inventory Automation. This approach has maximized savings by reducing waste and by right-sizing inventory.

Inventory 163
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Restaurant Inventory Management Technology Improves Efficiency

Restaurant Technology Guys

Restaurants need the latest and most efficient restaurant inventory management tools to ensure a smooth business flow and stay completely stocked and informed. The post Restaurant Inventory Management Technology Improves Efficiency appeared first on Restaurant Technology Guys.

Inventory 125
article thumbnail

How Can I Streamline Inventory Management?

Modern Restaurant Management

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Taking inventory is one of the most tedious processes in restaurant operations.

Inventory 156
article thumbnail

5 Unexpected Ways to Control Supply Chain Costs in 2023

Speaker: Todd Simms and Andy Johnson

Join industry experts Todd Simms and Andy Johnson as they break down five budget line items that ballooned out of control in 2022 and strategies to control them in 2023.

article thumbnail

5 Tips for Pizza Restaurant Inventory Management

Sculpture Hospitality

Inventory makes up a significant portion of a pizza restaurant’s total expenses, next to rent, utilities and labor cost. Yet your inventory shouldn’t just be viewed as an expense, it’s an investment into the profitability of your business. Restaurant Inventory

Inventory 106
article thumbnail

5 Ways To Improve Your Restaurant’s Food Inventory Management

Sculpture Hospitality

Food inventory management is a critical part of your restaurant operations. Kitchen Management Restaurant InventoryIt helps reduce food loss and the associated increase in the cost of goods sold.

Inventory 111
article thumbnail

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.

Inventory 110
article thumbnail

Restaurant and Bar Inventory: Tips For Managing Your Wine Inventory

Sculpture Hospitality

The amount of wine a restaurant or bar has on hand in their beverage inventory varies from one location to the next. Bar Inventory

Inventory 103
article thumbnail

How Bar Inventory Management can Help Prevent Bar Theft

Sculpture Hospitality

Nobody wants to think that their employees are stealing from them, but it is an unfortunate reality at many restaurants and bars - thankfully bar inventory management can help prevent it. Bar Management Bar Inventory

Bar 122
article thumbnail

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.

article thumbnail

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

Inventory 131
article thumbnail

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

Inventory 105
article thumbnail

What to Look for in a Bar Inventory Management Solution

Sculpture Hospitality

Are you ready to make bar inventory management a more consistent, prominent and strategic component of your business? Bar Management Bar Inventory

Inventory 107
article thumbnail

Why Bar Inventory Management is Crucial to Post-Pandemic Success

Sculpture Hospitality

Since 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. Restaurant Operations Restaurant Inventory Bar Inventory

Inventory 124
article thumbnail

Why Restaurant Inventory Management is an Accounting Function

Restaurant365

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. Inventory’s place in restaurant accounting.

Inventory 124
article thumbnail

Are You Making These 5 Common Bar Inventory Management Mistakes?

Sculpture Hospitality

Bar inventory management has a number of benefits. Bar InventoryIt gives you oversight of your stock, helps you make better ordering decisions, and it provides insights on turnover, costing, and your overall bottom line.

Inventory 116
article thumbnail

What Is Bar Inventory Software?

Sculpture Hospitality

Bar inventory is managing, counting and tracking liquor stock at your bar or restaurant. Taking inventory counts, and ongoing inventory management, can help you gain insight into the sales trends of different beverages so you can ensure that you always have enough stock on hand.

Inventory 113
article thumbnail

5 Benefits of a Restaurant and Bar Inventory Management App

Sculpture Hospitality

In our blog, we’ve discussed in detail how using inventory management software to gain better visibility and control over your restaurant and bar inventory can significantly improve business profitability. Bar Inventory

Inventory 112
article thumbnail

Bar Inventory Management: Understanding Standard Pours

Sculpture Hospitality

Bar ManagementStandard pours are what bars and restaurants typically serve to guests when alcoholic beverages are ordered, and by doing them right they can help boost your overall success.

Inventory 112
article thumbnail

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

Sculpture Hospitality

Bar Management Bar InventoryPricing the drinks in your bar can be tricky.

Inventory 124
article thumbnail

9 Ways to Improve Bar Inventory Control

Sculpture Hospitality

Bar inventory control is essential to successful bar management. proper inventory management , bars and restaurants can end up with too much inventory, which increases tied-up capital and the risk of waste, or too little inventory, which can result in lost profits.

2023 72
article thumbnail

5 Things to Consider When Choosing Your Restaurant Inventory Manager

Sculpture Hospitality

A restaurant inventory manager is responsible for ordering and stocking supplies, maintaining inventory records and working with other team members to ensure that your restaurant always has the food and bar stock needed to run efficiently and profitably. Restaurant Inventory

article thumbnail

5 Ways To Improve Your Restaurant’s Food Inventory Management

Sculpture Hospitality

Food inventory management is a critical part of your restaurant operations. Kitchen Management Restaurant InventoryIt helps reduce food loss and the associated increase in the cost of goods sold.

article thumbnail

How to Manage a Bar Inventory: Your Complete Guide

Sculpture Hospitality

Managing a bar can be a lot of work. The good news is, you can keep your bar well stocked, organized and profitable by implementing the right inventory management processes. Bar Inventory

article thumbnail

Improving Restaurant Inventory Management to Beat Rising Food Prices

Restaurant365

Restaurant inventory management plays a key role in overcoming rising food prices. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes to help overcome rising food prices.

Pricing 124
article thumbnail

What to Look for in Inventory Management Software for Restaurants

Sculpture Hospitality

So, you have decided to improve your restaurant inventory management strategy. Inventory management can help provide better insights, reduce waste, save time and improve your bottom line. Restaurant Inventory

article thumbnail

5 Signs You Might Have a Bar Inventory Problem

Krista Dinsmore

How are you managing your bar's inventory? No matter how in control you are of your bar's inventory, there's likely something you can do better

Article 160
article thumbnail

What is the Importance of Inventory Management in Restaurants?

Sculpture Hospitality

Restaurant inventory management is the process of monitoring your food and beverage stock to gain better control and visibility over your inventory. Restaurant Inventory

article thumbnail

Does A Bar Inventory Spreadsheet Work?

Sculpture Hospitality

Whether you’ve been researching bar inventory management systems for a while now, or are just starting out, the first option you’ll likely gravitate towards is a spreadsheet. Spreadsheets are an inexpensive and seemingly easy-to-use tool for managing your bar and restaurant inventory.

Inventory 122
article thumbnail

10 Things To Look for In Inventory Management Software For Restaurants

Sculpture Hospitality

You’re ready to start using inventory management software for your restaurant so that you can benefit from consistency and accuracy. Accurate inventory management provides the information and insights you need to be successful. Restaurant Inventory

article thumbnail

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

Inventory 101
article thumbnail

How to Create a Bar Inventory Spreadsheet

Sculpture Hospitality

A bar inventory spreadsheet can be used to help you manage your bar's inventory and costs. While it’s not as effective as an inventory management system , with the right setup, you can keep track of stock levels, pricing, and other important information related to running a bar.

2023 66
article thumbnail

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.

Inventory 103
article thumbnail

What is a Bar / Beverage Inventory App?

Sculpture Hospitality

A bar inventory app is one of those tools and can be an incredibly effective way to manage your bar’s inventory. Bar InventoryRunning a bar or restaurant can be a seamless process, when you have the right tools to support you and your team.

Beverage 115
article thumbnail

Save Inventory, Time and Labor Cost with IoT Monitoring

Modern Restaurant Management

This article will cover how implementing automation tools like IoT monitoring can save your business money, protect your inventory, and save time. This also allows management to reallocate time to serving customers, preparing meals, and keeping your establishment clean.

Inventory 135
article thumbnail

Sculpture Hospitality Launches Brand-New Inventory Management App

Sculpture Hospitality

Sculpture Hospitality Launches Brand-New Inventory Management App to help Restaurants and Bars Manage Tight Margins as they Come Out of the Pandemic.

Inventory 114
article thumbnail

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. Bar Management Kitchen Management

Inventory 113
article thumbnail

5 Bar Inventory Management Tips and Best Practices

Sculpture Hospitality

Taking inventory in your bar or restaurant is time-consuming, and one of the things that most bar managers or owners push down to the bottom of their to-do list. Bar Management

Inventory 105
article thumbnail

Your Complete Bar Inventory Management Glossary of Terms

Sculpture Hospitality

Managing 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. Bar Management Bar Inventory