Food costs account for 30%+ of a restaurant’s outgoings, which means that being profitable depends on having visibility and your restaurant point of sale platform giving you control of what you’re buying, what’s on the shelves, and what you’re selling.
The good news is that an inventory solution can help. By implementing Oracle Hospitality Inventory Management, you can reduce variances from 7% - 8% to under 3% within 4 weeks, giving you far better visibility of where your money is going.
The even better news is that Oracle’s Enterprise Menu Management service (EMM) can run your inventory management for you. Expert analysts at Oracle will work with you to ensure overall accuracy in your stock control, allowing you as a business to make key decisions to improve your overall margins. Our stringent configuration processes mean reliable and accurate inventory data, resulting in confidence and trust in stock analysis which can lead to a reduction in site level checking.
Some ways in which you can improve your inventory control:
Menu Item Linking allows your menu items to deplete inventory definitions. If this module is not correctly set you might find several issues in stock depletion. A great way to deal with this is using the Menu Item Auto Link module which enables automatic synching of sales definitions to inventory definitions.
Getting your internal communication in place is key to organising how and when your configuration updates are configured.So often, detail is missed or not completed in time due to simple lack of process.Make sure you have firm methodology in place to not allow this to have an impact on your inventory results.
Inventory Management offers a number of approaches to achieve any goal. Choose the one that fits your business and avoid complications, especially if you are a global organization.
Inventory Management comes with several interfaces which are standard for the industry – great news, as you don’t need to duplicate all of your manual receiving.
If you would like to speak to a consultant about introducing EMM configuration into your business and taking back control of your inventory – contact firstname.lastname@example.org.