Why switching your hospitality EPOS is not as painful as you think

How to control stock in a restaurant or bar with stock management software

If stock control isn't your favourite management task, you're not alone. For many operators, stock control is fragmented and frustrating – if it happens at all. And this is a problem. UK restaurants create £628 million worth of food waste every year (according to Business Waste UK). With operating costs spiralling and customers demanding more, venues simply can’t afford to let that amount of profit drain away.

This is where the right tech comes in. Embracing bar and restaurant inventory management software not only transforms how you work, but also how you think and feel about stock control. It slashes the hours it takes to carry out those monthly, weekly and daily tasks. Real-time inventory tracking puts you back in control and, dare we say it, you might even start to enjoy it once you notice your venue’s books looking healthier.

With that in mind, let’s look at why stock management is so critical to your venue's success, some best practices, and how the right tech makes it possible.

Save time and labour with smarter processes

Let's start with the bigger picture. The less time you (and/or your managers) spend on stock management tasks, the more time you have to oversee Front of House, support team members, interact with customers and do your job more effectively.

Feedback from our users suggests streamlining the stock ordering process can save up to 2 hours a week – and that’s just one element of stock control. Factor in time savings in other tasks such as stocktakes, price updates, automated ordering, and waste management, and those saved hours can really add up. Assuming a typical manager’s rate of £15 per hour, that can translate to hundreds of pounds in labour costs saved every month.

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