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Managing your inventory to minimise waste and loss

A EPoS (Electronic Point of Sale) system can be a valuable tool for managing inventory and stock in a hospitality business.

Here are 5 ways an EPoS system can help Managing your inventory to minimise waste and loss:

1. Automated tracking: An EPoS system can automatically track inventory levels as items are sold, so you always know how much stock you have on hand. This can help you avoid overstocking or running out of popular items.

2. Real-time updates: A good EPoS system will provide real-time updates of inventory levels, so you can make informed decisions about what items to order and when.

3. Set re-order points: You can set re-order points for each item, and the system will automatically alert you when the inventory falls below that point. This can help you ensure that you always have enough stock on hand to meet customer demand.

4. Forecasting: An EPoS system can analyse sales data and forecast future demand, allowing you to make data-driven decisions about which items to order and how much stock to keep on hand.

5. Track waste and theft: By tracking inventory levels, an EPoS system can also help you identify any instances of waste or theft. This can help you take action to reduce these issues and minimise their impact on your business.

Fluctuations in the cost of ingredients can make it difficult for businesses to plan their menus and forecast costs. By automating tracking, providing real-time updates, setting re-order points, forecasting future demand, and tracking waste and theft, you can ensure that you always have the right amount of stock on hand to meet customer demand while minimising waste and loss.

For more information on how Uniware can help you manage your inventory to minimise waste and loss contact us today

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