10 Things To Look for In Inventory Management Software For Restaurants

10 Things To Look for In Inventory Management Software For Restaurants
Restaurant Inventory - December 20, 2022 Written By: Krista Dinsmore

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

The problem is not all inventory management systems are made the same. To help ensure you are looking at the best software for your restaurant, here are 10 things to look for:

  1. User-friendliness

The software you choose should be designed for ease of use and require minimal training. This will help you get it up and running quickly, reduce errors and ensure any onboarding of new staff goes smoothly.

  1. Reporting and analytics

The software should allow you to generate comprehensive reports on your inventory levels, cost of goods sold (COGS), sales, and more. This data is vital to making informed decisions about your restaurant, inventory, and overall business strategy.

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  1. Compatibility

When choosing an inventory management software for your restaurant, it should be compatible with the devices and software you already use in your restaurant. This includes your point-of-sale (POS) system, accounting software, and other existing applications.

That’s because the best inventory management software will integrate with your existing systems to provide essential functionalities such as forecasting, reporting, and more.

  1. Automation

The software you choose for your restaurant should automate as much of the inventory process as possible, from ordering and receiving inventory to counting and tracking items. This will free up your time so you can focus on other areas of running your restaurant.

  1. Access from anywhere

You should be able to access your inventory management software from any device, at any time, and from any location. This will give you the best oversight over your business and let you make well-informed inventory decisions no matter where you are.

  1. Ability to handle various types of products

You want a restaurant inventory management software that's designed to track any product, including food, beverages, ingredients, and supplies. This will make it easier to keep track of your inventory and make adjustments as necessary.

  1. Recipe and menu costing functionality

The software should have the ability to track recipes and menu items so that you can accurately cost your dishes. This is essential for restaurants that want to control their food costs and ensure they are pricing their menu items correctly.

  1. Fully customizable

The software should be fully customizable to ensure it meets the unique needs of your restaurant. This includes being able to add, delete, or modify the product information, as well as edit reports and analytics.

  1. Does it have the features you need?

Some inventory management software comes with all the bells and whistles. Others are simpler. While extra functionality can be beneficial, it may also add more complexity. By evaluating your business needs, you can determine what features you need and which can be left behind.

  1. Expert advice

Expert support is crucial to maximize the ROI you receive from your inventory management software. When technology is combined with industry expertise from those who understand precisely how the software works and what features are best for your business, your restaurant can significantly improve its profitability. 

If you keep these 10 things in mind as you evaluate options for your restaurant, you can be sure that you are choosing the best software to help you succeed.

Need further help? Contact Sculpture Hospitality today. Our team of inventory management specialists would be more than happy to answer your questions. 

Contact your Local Inventory Consultant Today

 

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A Complete Buyer's Guide to Food & Beverage Inventory Management Systems

With around 25 to 35 percent of a restaurant’s operating budget dedicated to purchasing food (that’s not even taking into account beverage inventory costs for the bar), proper inventory management can significantly improve expected revenue.

To maximize profits you need to improve visibility and control over your restaurant or bar’s inventory. 

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