In any business, regardless of its size, it is fundamental to monitor revenue and costs. Many still try to make calculations using pen and paper despite the numerous technologies available on the market, without considering the potential consequences. Consequences which might appear of minor importance but that in the long run could also undermine business performance. Using a software for inventory management is fundamental in hospitality industry.
Automatize the management of orders and stock levels with a reliable and accurate software system
The inventory module, which can be activated on all ericsoft software solutions, allows to configure and link together an unlimited number of stockrooms. This software not only offers an accurate cost analysis and grants access to the historical data relating to the sales terms agreed with vendors, but it also allows to calculate the cost of the materials used and to compare vendor terms of sale in order to determine the most convenient one. To have greater control over the activities performed, we can export multiple reports from the inventory module, among the most common we find:
Analysis of inventory activity by date and level: loading, unloading and transfer activities performed in the stockrooms grouped by date and level.
Warehouse inventory: items in stock in terms of value and quantify for each stockroom.
Items under stock: list of items that appear to be understock compared to the minimum level of stock set in the system as required
Weighted average purchase cost: accurate cost analysis of the items present in the stockroom
Cost analysis of single items on meals: obtained by displaying quantity, cost, price and margins of articles sold in a specific time frame
Choose ericsoft for your inventory management
The inventory module allows to automatically manage unsold items, calculate stock and send orders to vendors. During configuration you will need to set purchase items and the relative minimum and maximum stock levels desired. The software will automatically recognize under stock items and will create an order of the amount necessary to reach the limit previously set. Subsequently this order will be transformed in an invoice and the relative quantities received will be automatically added to the stock level.
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