Secret Benefits of A Good Inventory Management System
Beyond the taste of your food and price, the internal operations of your restaurant can define the success of your restaurant. From sales tracking to customer loyalty, there are a lot of moving parts that a restaurant needs to take care off.
But what if you can automate one part; the inventory management side of things so that you can focus on the other areas of the restaurant? The following are 3 benefits that a good inventory management system can bring to your restaurant.
#1. Savings
One of the biggest advantages of having a robust inventory management system is that you can save a lot of money in the long run. If you think about it, how many times do you spend money on unused ingredients, only for it to spoil later and for you to top up again?
By knowing what are the fast-moving ingredients and little used ingredients in your restaurant, you can manage the quantity and frequency of purchase to keep freshness of ingredients and reduce waste.
This also helped you to make bulk purchase where necessary which can help you save on your ingredient cost.
#2. Optimisation
If you know what are best-selling menu items, you can decide to:
- Introduce set meals for the best selling-items or non-performing menu items
- Replace the non-performing menu items with something new entirely.
But what if you get a deeper insight, whereby you know what particular ingredient that your customers prefer?
This will allow you to create menu items around the particular ingredient which allow you to introduce a variety of dishes without the variety in ingredients.
For instance, if you know that “duck” is one of the best selling ingredients, you can create new dishes that leverage on “duck as the core ingredient.
#3. Customisation
Though this benefit is not exactly obvious but a good inventory management system can help elevate your customer satisfaction. For instance, if you constantly run-out of ingredients to make a popular dish, your customers won’t be happy.
If the situation keeps repeating itself, one day your customers will no longer return to your restaurant to avoid disappointment.
A good inventory management system helps you avoid this situation by allowing you to plan in advance.
However, inventory management as a standalone system will not be effective. You will need it to work together with a sales tracking system, order management system and more for it to be effective, and Slurp! Restaurant POS can do just that.
