Food Market Hub - Restaurant Management Dashboard and KPI Dashboard

Food Market Hub just release latest management dashboard for restaurant. Now restaurant management can view Sales vs Target, Purchase vs Budget, Sales vs Expenses, COGS, Stock holding value and percentage, and profit in live.
Restaurant no longer required to get your account admin to manually prepare accounting report after month end, now you can view online with live data.

Food Market Hub support integration with Restaurant POS and Accounting software too. For more detail, please visit http://foodmarkethub.com

Restaurant Management Dashboard (http://foodmarkethub.com)

How to control purchasing for restaurant chain

Raw Material Food purchasing for new restaurant is very complicated.

Purchasing & Receiving of food items like groceries, Bread & bakery, dairies, seafood, fresh vegetables and burgers require a complete system.

Procuring fresh and quality products, their proper receiving, storage, issuing, consumption and than re-ordering requires well established procedure and close monitoring. It is crucial to accurately define market prices.

The best tactics to accomplish this objective is to negotiate a long term contract (annual if possible) at a fixed cost with downside protection where you can get it. This allows the restaurant to control the cost. 

The amount to purchase are based on a forecast of sales, which admittedly is a guess mated without a sales history. This is helpful if you have a system like Food Market Hub to help you do the forecast of usage of the raw material and reduce food wastage.

Food Market Hub - Solution to manage your restaurants like a big restaurant chain (KFC, McDonald) that able to control your inventory control, stock balance, stock usage forecast, sales forecast, COGS, food cost, food wastage, procurement, PO and supplier control.

How to manage inventory in restaurant chain store?

How to manage inventory in restaurant chain store?

There are two main methods practicing in F&B industry now.
1) Daily Stock Balance
This is common practice where restaurant staff will perform end of day stock balance check and fill up required fill up ingredients for next 2 days.
Pro: This method is easy to practice
Cons: Very time consuming and staff may not do a proper stock check daily. Will always perform wrong inventory order and cause restaurant can't offer certain food.

2) Ingredients required through sales forecast in a week
This is a new practice where restaurant will have forecast sales for a week and system will calculate required ingredients to purchase for a week.
Pro: This method is automated and very easy to use
Cons: Not able to perform without system to pull out right UPT (usage per thousand) for your ingredients.

Food Market Hub (www.foodmarkethub.com) is a cloud inventory and purchasing control design for F&B industry where can perform Daily stock balance ordering or automated order through sales forecast.

For more details, please check www.foodmarkethub.com 

Restaurant Purchasing Solution - One solution to make your PO in one click

Purchasing Made Easy

How to control your restaurant cost and inventory effectively?
Through control your purchasing with this purchasing solution specifically designed for the Food

& Beverage industry. Users can place orders, check status and manage suppliers anytime, anywhere with

lots of other great features.

Food Market Hub

purchase order, restaurant ordering system, restaurant purchasing system

For more details, please browse www.foodmarkethub.com