Efficiently managing inventory is essential for restaurants to enhance profit margins and minimize waste. According to NRP, approximately 15 percent of all food waste in landfills comes from restaurant establishments.

Furthermore, manual inventory management is time-consuming and prone to human errors. Thankfully, there are cost-effective technological solutions available that can automate the process and offer enhanced visibility.

In this guide, we will examine the following steps to effectively manage your inventory, maximize profitability, and utilize DizLog POS software to achieve these goals:

Step 1: Sign Up for DizLog

If you haven't yet registered for a DizLog account, the initial step towards effective restaurant inventory management is to create an account by selecting one of the available plan choices.

Step 2: Set Up Your Account and Create Your Online Store

After successfully setting up your DizLog account, you can proceed to install the DizLog app and sign in on various devices whether phone, laptop, or point of sale machine. Fill up the necessary details to start using DizLog with your business.

Step 3: Create a Product with Ingredients

Using DizLog, you have the ability to create products that include ingredients along with their respective quantities. Whenever a product is sold, the system will automatically deduct the corresponding ingredients from your inventory, ensuring accurate tracking of your stock levels.

Step 4: Track Inventory Stock with Email Alerts

As you start selling products, including their respective ingredients, at your restaurant, it's natural for your stock levels to decrease. To ensure smooth operations, it's essential to closely monitor your inventory to know when to restock. Running out of stock can be frustrating for both you and your customers.

With DizLog's Notifications feature, you can receive daily email notifications about products and ingredients that have reached the minimum quantity threshold you've set for each store. This real-time data allows you to stay informed about your stock levels, enabling you to place timely orders and avoid any potential profit loss. By knowing when to replenish items, you can ensure you never run out and can continue to serve your customers efficiently.

Step 5: Utilize Purchase Order Receiving

Once you receive notifications about low stock quantities for items and ingredients and proceed with restocking by placing orders with the respective vendors, the next crucial step is to update the quantity levels as the items and ingredients arrive.

Keeping your inventory quantities up to date is essential to always have accurate information about your current stock levels. Without this accuracy, making informed decisions regarding your restaurant inventory becomes challenging and could result in wastage and profit loss.

For instance, if your stock levels are inaccurately reported, you might end up placing duplicate orders for the same item or ingredient, leading to an excess of those items in your restaurant. This situation can be particularly problematic for perishable items that might need to be discarded if they remain unused or unpurchased for an extended period.

With DizLog's Purchase Order Receiving feature, updating your stock levels becomes a simple task. You can easily manage the stock levels of items and ingredients from each vendor and for each of your restaurant locations.

Step 6: Utilize Inventory Adjustment to Track Waste

As you may be aware, it is quite common for restaurants to encounter issues such as spoiled, lost, or damaged food items and ingredients in their stock, rendering them unusable. It is crucial, therefore, to meticulously track any adjustments made to the stock levels.

Failure to track these adjustments accurately can lead to unreliable stock levels, which in turn can result in poor business decisions regarding restocking of items and timing. This can ultimately lead to profit loss and unnecessary expenses.

To address this, DizLog offers the Inventory Adjustment feature, which simplifies the tracking process. You can easily enter the adjusted quantities for any of your food items and ingredients in the designated "Adjusted Qty" field. This ensures that your inventory records stay updated, allowing you to make well-informed decisions and efficiently manage your restaurant inventory.

Step 7: Sync Inventory with your Online Ordering Website

By employing DizLog's online ordering system, you can effectively leverage an online menu to enhance the sales of your restaurant products, leading to increased profits.

Moreover, the seamless integration between the POS and the online site enables swift synchronization of all restaurant inventory data, encompassing product images, pricing, and quantity levels, in a matter of minutes.

By ensuring a continuous flow of accurate and up-to-date data between the point of sale and the online ordering site, you can prevent any potential issues of overselling or unnecessary profit loss due to insufficient stock. This seamless synchronization will help you avoid any headaches and maintain efficient operations between your physical and online sales channels.

Conclusion

As demonstrated in this guide, it is of utmost importance to leverage restaurant inventory management functionalities through a point of sale system to make well-informed business decisions. This approach can lead to waste reduction, cost-cutting, and an overall increase in revenue.

Moreover, implementing such functionalities enables significant time savings as the inventory tracking process is largely automated. This automation frees up valuable time for more essential business tasks. Furthermore, it minimizes the risk of human error, as manual tracking of restaurant inventory data becomes unnecessary. Instead, you gain real-time insights into your inventory status.

DizLog offers numerous features for effective restaurant inventory management, such as Purchase Order Receiving, Store Transfer, Minimum Quantity Alerts, Vendor Management, and Ingredients Management, all at a very affordable price.

Start using DizLog's Restaurant Inventory Management features today to boost sales and reduce waste!