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Stock Control
The importance of effective stock control software
Stock control is a key part of any successful hospitality business. Industry statistics show that a hospitality business with no stock control can have 10% - 20% stock shrinkage, representing an annual profit loss of $20,000 - $40,000. Conversely, higher than required levels of stock can tie up valuable capital.
While most hospitality business owners recognise the benefits of stock control, many find it difficult to implement. It takes time to set up a good system and provide the necessary staff training – time that many busy owners simply don’t have.
Our proven system enables accurate stock control that’s easy to manage
At Menumate, we provide stock control software and a 12-week training program that enables businesses to perform accurate stock reporting and analyse any discounts, credits and cancels. Our stock control software ensures stock is properly managed, accurate gross profit is reported and variances are reduced. We also offer an additional food stock control training program to help businesses understand the recipe costs of each menu item, easily update changes to food recipe costs and better manage core food items.
The end result is a more efficient business with less wastage and more profit.
We invite you to read our knowledge base articles : Recipe for Success – Stock Control in Your Kitchen and Shrink Your Shrinkage – 10 Tips to Reducing Beverage Cost of Sales for more information on stock control.
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