Why Inventory Controls Are Crucial To A Restaurant's Long-Term Success
When most business owners think of the word inventory, they envision large-scale retailers that routinely match their sales records to their current stock levels to identify areas of discrepancy. Though it is prevalent in the retail industry, it is also a beneficial practice for a variety of other businesses that maintain a stock of goods, such as restaurants. Restaurant owners often struggle to understand the benefits of inventory controls, but the following provides a quick look at the many reasons they are a crucial element in ensuring long-term success.
Internal theft is a significant concern for companies of all sizes, and even food establishments face the added expense of employees that help themselves to the various raw goods that are used to create dishes. Regular restaurant inventory management not only helps identify areas of possible loss, but it helps discourage a staffing team from engaging in the practice of theft.
Eliminate Product Waste
Another significant benefit of conducting an inventory audit is that it helps to reduce product waste by preventing unnecessary product orders. One of the most expensive line items for a restaurant is the cost of spoiled food, and an excess of raw goods is likely to expire before it is used. Make the most of the products used and prevent financial waste by routinely checking the amount of food currently available to a requisition before submitting an order.
Failing to maintain equipment properly will likely lead to expensive repair bills in the future, and cause a restaurant's kitchen operations to come to a screeching halt. In addition to auditing supply levels, an effective inventory process should also examine the maintenance schedules of the equipment that a business relies on daily. It helps to streamline the budget oversight process and reduces the likelihood of costly downtime.
Nearly every local government requires a business that serves food to undergo extensive inspections, which are designed to ensure safe food handling practices and that proper cleaning and sanitizing techniques are utilized. Another crucial aspect of a routine inventory management program is auditing these aspects of restaurant management. It will help a business avoid costly fees and a poor reputation due to a less than stellar inspection.
There are a lot of unknowns involved in running a restaurant, but the proper protocols will remove them from the equation and mitigate risk. The team at Restaurant Solutions Incorporated is standing by to help and offer bespoke inventory services that will keep a food establishment running smoothly. Check out their website to learn more about the services they provide and take the first step in streamlining a restaurant of any size.