This includes your food, liquor, dry storage, cooking utensils, uniforms, or linens. Inventory includes everything that costs money in your restaurant. What is Considered Inventory for a Restaurant ? By identifying these cost variances with a restaurant inventory management system, you can proactively control your food costs in the future. This may mean there is theft or over-portioning. Ĭompare this inventory usage number with your POS product usage, and if the actual inventory usage is greater, dig deeper. You can calculate both your restaurant and bar's inventory usage. Count the beginning inventory, add purchases during the day, subtract your ending inventory at the end of the day, and you will see the amount of each inventory item that was used during the day. Inventory management and accurate inventory counts are essential to minimize and manage waste and have the right amount of inventory on hand to meet your sales demand, reducing excess inventory, waste, spoilage, and instances of poor inventory portioning or mishandling.Ĭontrol your costs by keeping a regular inventory cycle count of the top 10-15 products that comprise most of your food costs. It also helps you to know how many ingredients you need to order, minimize waste, and calculate your food costs and cost percentages. MarketMan, a restaurant inventory management software solution we will explore, helps you track each item's usage over time, which you can compare with your sales and investigate discrepancies.
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