Restaurant Inventory Management Software | Best Practices (2023)

Most restaurant operators will agree that inventory management is a frustrating task. From recording stock amounts to breaking down numbers into useable data, conducting checks on a regular schedule can get a little exhausting. With the right practices in place, you can make managing restaurant inventory faster, easier, and more of a tool for success than a dreaded task. This guide will take you through restaurant inventory management best practices and show you how to get the most out of your system.

Download our Restaurant Inventory Management eBook to learn how tracking inventory can streamline restaurant operations.

The Importance of Restaurant Inventory Management

In the restaurant business, one of your most valuable assets is your supply stock. One of the core factors that will help you get ahead is how you manage inventory. Restaurant inventory includes all of the materials your kitchen staff uses to prepare menu items, from the main ingredients to the sauces and seasonings.

Your stock is an investment — one of the most significant and most frequent investments you’ll make. Typically,25 to 35% of your entire operating budgetgoes towards food. When you purchase new stock, the goal is to use as much of it as possible with little to no waste. Every completed order that makes it to a satisfied customer is a return on your initial investment. Any wasted that doesn’t make it to a customer decreases your potential profits.

Because food waste reduces your revenue, it’s essential to minimize it as much as possible. From mistakes in the kitchen to solving complaints, losing some of your stock is inevitable. However, there are ways you can reduce your losses.

(Video) Your Complete Guide To Restaurant Inventory Management

For one, use excess inventory by offering creative specials. If you have too much of an ingredient and know you can’t use it all before it spoils, create a dish you can sell for a low price, while supplies last. You can also donate surplus stock to non-profits, which saves you from having to toss unused supplies and helps people in need.

You can also cut down on the waste your customers leave on their plates. Pay attention to serving sizes — restaurant entrees are often more substantial than a recommended meal. If there are individual dishes that people often leave unfinished, try reducing the ingredients you use and serve a smaller version. You can also create a section on your menu for small plates that customers can choose from if they know they won’t finish a full entree.

These solutions are a part of initiating inventory control and management practices.

What Is Restaurant Inventory Control?

Restaurant inventory control is essential. You need it to know precisely how much your restaurant is — or could be — earning. Inventory control acts simultaneously as a tool for loss prevention and a way to more accurately measure your profitability.

When you use inventory tracking, you’ll have a record of all the supplies your restaurant receives, how much goes through the kitchen, and what you have left at the end of each night. These factors will provide you with the best understanding of how your staff is using supplies and what customers are buying. If you notice you need to reorder a specific item sooner than usual, you should know why.

While it would be excellent if all of your product went to happy customers, that is rarely the case. There are several areas of loss to which you should pay attention. The list includes accidental spills, kitchen and waitstaff mistakes, extra usage due to customer complaints, employee meals, and even theft. Not every ounce of your supplies is going to make it on to a plate, and if they do, they could still become a loss.

Once you know the percentage of your supplies that go to waste, you can accurately determine your profits for any period.


How to Take Restaurant Inventory

Understanding what inventory management is and why it’s essential to do right is the first step to implementing a better system. Next, you need to learn the best methods to use when creating a working system. Here are some of the top restaurant inventory management tips:

1. Know the Inventory Terms

Before you implement an inventory management system in your restaurant, it’s essential to have as much background knowledge as possible. Here are some of the top terms you should know:

  • Costs of goods sold (COGS):As you use inventory, you should keep track of your COGS for specific periods. COGS is the price of all the stock used to make the meals and drinks you serve. To calculate it, first take the sum of your existing inventory at the beginning of a given period and any additional inventory purchased during the period. Then subtract the cost of your remaining inventory at the end of the period.
  • Catch weight:Typically, when you buy unprocessed foods, you’ll receive orders in approximate weights, or catch weights. For items like meats, if you purchase a certain amount of pounds per week, the weight fluctuates over and under slightly. It can affect your inventory management, so you should consider it in your inventory and expense records.
  • Sitting inventory:Either measured in dollars or the amount of product, your sitting inventory is the stock you have stored in-house.
  • Food cost percentage:The cost of the inventory it takes to create a dish divided by your menu price is its food cost percentage.
  • Inventory turnover ratio:The rate at which your kitchen uses its stock over a specific period — typically measured over a year — is your inventory turnover ratio. You can calculate it by finding your COGS and dividing it by the average of your beginning and ending inventory.
  • Par level:The minimum amount of inventory your restaurant can maintain to meet your customer’s demands, all while avoiding unnecessary waste. To calculate an estimate of your inventory par levels, add your weekly inventory and stock use and divide that number by the deliveries you receive per week.
  • Recipes:The quantities of ingredients your staff uses to create a specific dish is called a recipe.
  • Estimated usage:You can find your estimated usage of an item to see how long your stock of that ingredient will potentially last. To calculate estimated usage, divide your sitting inventory of the item by the average of how much of that ingredient you typically use over a specific period.
  • Theoretical vs. actual usage:Your servers and point of sale system may have a different count than what’s actually missing from your inventory. This discrepancy is crucial to monitor. If you don’t know about accidents, such as spilled ingredients or replaced orders, you can’t log them as food waste. Ultimately, this causes an imbalance in the usage report.
  • Variance:The variance of your inventory is the actual usage subtracted from the theoretical usage.
  • Waste:There are two types of restaurant food waste — pre-consumer and post-consumer. Pre-consumer is before the food gets to your customer, and post-consumer is anything the customer leaves unfinished once they’ve received it. You need to find ways to reduce the pre-consumer part if you want to help your bottom line and reduce unnecessary waste.

2. Organize Your Supplies

One of the most crucial parts of being able to manage inventory quickly is organization. Every item should have a place. If your staff needs to move anything, they should be expected to put it right back once they’re finished using it. If you want to ensure you and your employees can find everything quickly, organize your inventory into larger groups, and create labels for your storage shelves.

You can also create a map or spreadsheet of where each group is as sort of a cheat sheet for quick reference. Regardless of how you organize, be sure to keep your shelves and storage areas clean, and always rotate your stock to avoid food waste.

3. Have the Same Staff Members Take Inventory

Once you have your inventory organized, you should train a few reliable, long-term employees to help you track it. Your best options are likely your managers and chef. They can work closely with the inventory and identify any inconsistencies or issues. With experience and time, they’ll quickly recognize the correct patterns and flow of your inventory, as every restaurant’s usages are unique.

While training will get them on the same page, you also need to explain to your managers why their job is essential and incentivize good work. Explain how inaccurate inventory tracking affects your profits and that even small mistakes can have significant consequences. Also, consider offering monetary bonuses to your trackers when they find errors, propose useful changes, or generate savings.

4. Practice First In, First Out (FIFO)

FIFO is a method of storing and rotating your stock to ensure none of your ingredients spoil. When stocking new inventory, your staff should move older ingredients to the front of their storage area. Moving older ingredients to the front ensures your chef uses them before opening newer containers.

(Video) Best Practices for Inventory Management

One way to help avoid creating waste is by labeling stock with use-by dates or marking older containers as ingredients to finish before opening new ones. If you have a tight organization system where there’s a potential for confusion, labeling might be helpful. It’ll also keep your staff consistently aware of how much stock they’re using over time. If they can’t make it through the older ingredients before their use-by date, it may be an indicator to order less.

5. Be Consistent with Managing Inventory

To take consistent and accurate measurements of your inventory, you have to work from a regular schedule. Many of the calculations need to reference specific periods, such as a week or month. If you are inconsistent with timing, you’ll end up with data that’s all over the place. It won’t give you an exact measure of COGS, inventory turnover, par level, usage, or variance.

However, you can set different schedules for varying types of ingredients. Frequently used stock and perishables will have a faster turnover rate, so you may want to check them daily. Non-perishables and bulk will last longer, so you can check them once a week. As long as you keep the dates and times consistent, you and your management team will notice the patterns and can make any necessary changes.

6. Set Restaurant Inventory Goals

Once you understand how fast your stock shuffles through your kitchen and your restaurant’s average inventory measurements, you should start setting goals. Whether you go by sales percentages, days in inventory, or turnover, targeted objectives will help your staff aim at improvement in specific areas. You can also choose the period in which you expect progress, from weekly changes to as long as yearly.

Merely setting the goals won’t make them a reality, though. You and your management team need to monitor performance and create solutions to potential roadblocks. Work with your kitchen staff to see if there are any snags you can incorporate into a new goal.

7. Train Your Staff Effectively

While it’s essential to have a small team to help you with the logistics of inventory management, the rest of your employees should be in on it too. Managers will focus on larger jobs, such as recording inventory reports and identifying potential issues. But you and your managers need to get the rest of the staff involved daily.

Train your kitchen hands and waitstaff to be aware of inventory issues. Teach them why their actions are essential, such as keeping an eye out for variances and carefully rotating stock. Since they deal with the ingredients the most often, make your line cooks and kitchen staff responsible for recording any pre-consumer waste. Whenever they make errors or have to discard rotten food, tell them to make a note of it.

(Video) How Do Restaurants Manage Inventory?

8. Maintain a Sheet for Food Waste and Inventory Errors

Food waste and errors can significantly impact your inventory records. While you should try to avoid them whenever possible, they’re inevitable. Currently, onlyabout 47% of restaurantstrack their waste, a number that should be much higher. Creating a record sheet specifically for these mistakes will show you everything your inventory list doesn’t. Knowing how much food waste your kitchen produces over a specific period will provide you with insight on goals to save money and stock.

For example, if your kitchen staff has to toss rotten food or out-of-date ingredients regularly, you may need to order less in the future or use them faster. Or, if customers return items because they weren’t correct, your servers may need a better method of taking down orders. To maintain accurate records, you should include time and date, item, amount or weight, reasoning, and the reporting employee’s initials on your food waste sheet.

9. Forecast Food Inventory Demand

As a whole, food waste in the restaurant industry amounts to about 11.4 million tons per year, making it a huge factor in profit losses and inventory mismanagement. A large portion of this waste comes from overstocking, resulting in excess food spoiling before cooks can use it. To avoid making this mistake or minimizing your margin of error, you should include forecasting in your inventory management practices.

Forecasting involves calculating ingredient usage over a certain period and making estimates on how much you’ll need to order next. The best method is to use technology that tracks and analyzes necessary data, such as purchasing and food sales. With the right insights, you can reduce the percentage of food waste you produce and save money on your next stock.

10. Don’t Use Pen and Paper to Track Inventory

Pen and paper inventory tracking is a thing of the past. With the current restaurant technology available to all businesses, trying to keep an accurate inventory by hand will slow you down and leave more room for human error. Considering the amount of math and analysis that goes into inventory management, using a restaurant software system will significantly benefit your efforts.

Inventory tracking software makes recording more manageable and provides you with insights you can’t get from a spreadsheet. It can crunch numbers for you and analyze patterns. Some systems can even alert you when a particular ingredient may be getting low. Their convenience will take a lot of the hassle out of inventory management, and will allow your team to reach their goals efficiently.

Optimize Your Restaurant Inventory Management with Mad Mobile

Understanding how to manage restaurant inventory is an essential part of running a restaurant. Make your system as straightforward as possible with Mad Mobile. Our software solutions and informational materials will help you create user-friendly, intuitive inventory management practices. Mad Mobile’s integrated tools and ebooks will make analysis a breeze — you won’t have to dread those daily, weekly, and monthly check-ins any longer.

(Video) Inventory Management Best Practices

With the right technology and know-how, you can turn the necessary task of conducting inventory into one of your restaurant’s most valuable sources of data. For more information on how to use stock data to your advantage and the best systems for success, download our free restaurant inventory best practices ebook.

Restaurant Inventory Management Software | Best Practices (1)


What are the practices of a restaurant inventory management? ›

Inventory management best practices
  • Take inventory often. ...
  • Organize your space. ...
  • Maintain a consistent count schedule. ...
  • Improve inventory management processes. ...
  • Train your staff (yes, ALL of them) ...
  • Use the First In, First Out (FIFO) method. ...
  • Track your food waste. ...
  • Track your daily sales reports.

What are the 5 steps to effective inventory systems your answer? ›

5 Steps to Successful Inventory Management
  • Create a System to Get Accurate and Accessible Information on Your Inventory. ...
  • Create a Unique Process Customized for Your Business Type. ...
  • Keep an eye on Contemporary trends in the industry. ...
  • Be prepared for fluctuations in supply and demand.
29 Sept 2021

What is the best practice for inventory management? ›

10 Inventory Management Best Practices for Improving Your...
  • Categorize Your Inventory Using ABC Analysis. ...
  • Optimize Your Pick and Pack Process. ...
  • Establish Your Inventory KPIs. ...
  • Use Batch Tracking. ...
  • Use an Accurate Reorder Point Formula. ...
  • Carry Safety Stock Inventory. ...
  • Optimize Your Inventory Turnover Rates.
11 Nov 2017

What software do restaurants use for inventory? ›

Top 10 restaurant inventory management software
  • Magestore. Magestore is the top POS system for restaurant based on the Magento platform and has a dedicated application for inventory management. ...
  • Square for Restaurants. ...
  • MarketMan. ...
  • TouchBistro. ...
  • Shopventory. ...
  • Lavu. ...
  • Upserve. ...
  • CrunchTime.
15 Nov 2022

What are the 4 main steps in inventory management? ›

A good inventory management process means you can easily identify what stock you have on hand and the value of it.
Manage your inventory
  1. Assess what you have now.
  2. Review what you had.
  3. Analyse sales.
  4. Identify items to repurchase or retire.
2 Sept 2021

What are the 4 types of inventory management? ›

The 4 Types of Inventory Management

The types of inventory management are Raw Materials, Works-In-Process, Maintenance, Repair and Operations or MRO and Finished Goods.

What is the golden rule for inventory? ›

Count free – Poorly arranged inventory and spares inside the warehouse is bound to result in messy storage and pathetic accountability. This will further result in wastage of time and incur extra work. Hence, inventory should be neatly arranged and should be made visible and count free.

What are the 3 major inventory management techniques? ›

In this article we'll dive into the three most common inventory management strategies that most manufacturers operate by: the pull strategy, the push strategy, and the just in time (JIT) strategy.

What are the 4 basic reasons for keeping an inventory? ›

The reasons for holding inventories can vary from case to case basis.
  • Meet variation in Production Demand. ...
  • Cater to Cyclical and Seasonal Demand. ...
  • Economies of Scale in Procurement. ...
  • Take advantage of Price Increase and Quantity Discounts. ...
  • Reduce Transit Cost and Transit Times.

What are the 8 basic best practices for supply chain management? ›

  • Set up a supply chain council. ...
  • Establish a supply chain structure. ...
  • Leverage technology. ...
  • Create alliances. ...
  • Focus on the total cost of ownership. ...
  • Strategically source suppliers. ...
  • Move contract management to the supply chain. ...
  • Optimize inventory for reduced cost.
15 Dec 2020

What is the most commonly used inventory method? ›

First-In, First-Out (FIFO)

The FIFO valuation method is the most commonly used inventory valuation method as most of the companies sell their products in the same order in which they purchase it.

How do restaurants set up inventory? ›

How Do Restaurants Take Inventory?
  1. Create a table. Create an inventory table with five columns across the top. ...
  2. List items. List all items in individual rows on the inventory table. ...
  3. Record the amount. Record the amount of an item by a logical unit of measurement. ...
  4. Record price. ...
  5. Determine cost. ...
  6. Use par inventory sheets.
9 Feb 2021

What is the best software for restaurants? ›

The 5 Best Restaurant POS Systems of 2022
  • Toast: Best for Contactless Ordering.
  • Clover: Best for Quick-Service Restaurants.
  • TouchBistro: Best for All-in-One Restaurant Management.
  • Revel: Best for iPad Users.
  • Lightspeed Restaurant: Best for Cafes.
16 Nov 2022

What is the most common method used in restaurants? ›

Heat. There are three methods of using heat to sanitize surfaces – steam, hot water, and hot air. Hot water is the most common method used in restaurants.

What are the 5 objectives of inventory management? ›

Objectives of Inventory Management System
  • Material Availability. ...
  • Better Level of Customer Service. ...
  • Keeping Wastage and Losses to a Minimum. ...
  • Maintaining Sufficient Stock. ...
  • Cost-Effective Storage.

What is an inventory checklist? ›

Inventory Checklist is a record of the items stored in a specific area or department of a company. It helps in tracking and controlling the goods in an organized way. This document can be also be used for inspection because all items in the inventory are recorded here.

What are the 2 methods of inventory control? ›

There are two key types of inventory control systems.
  • Perpetual inventory system. A perpetual inventory control system tracks inventory in real-time. ...
  • Periodic inventory system. A periodic inventory system is kept up to date by a physical count of goods on hand at specific intervals.

What is the inventory formula? ›

The first step to calculating beginning inventory is to figure out the cost of goods sold (COGS). Next, add the value of the most recent ending inventory and then subtract the money spent on new inventory purchases. The formula is (COGS + ending inventory) – purchases.

What are the two main systems for inventory? ›

Two types of inventory are periodic and perpetual inventory. Both are accounting methods that businesses use to track the number of products they have available.

What is the 80/20 rule in inventory? ›

The 80/20 rule states that 80% of results come from 20% of efforts, customers or another unit of measurement. When applied to inventory, the rule suggests that companies earn roughly 80% of their profits from 20% of their products.

What is the first rule of inventory management? ›

Rules of Inventory #1: Have Enough Inventory to Service Demand. In the past, when inventory ran out, companies would simply issue a backorder while they purchased or manufactured more items.

What are the three 3 classifications of inventory? ›

Raw materials, semi-finished goods, and finished goods are the three main categories of inventory that are accounted for in a company's financial accounts. There are other types as well which are maintained as a precautionary measure or for some other specific purpose.

What is ABC technique of inventory control? ›

ABC analysis is a method in which inventory is divided into three categories, i.e. A, B, and C in descending value. The items in the A category have the highest value, B category items are of lower value than A, and C category items have the lowest value.

What are the 6 types of inventory? ›

The 6 Main classifications of inventory
  • transit inventory.
  • buffer inventory.
  • anticipation inventory.
  • decoupling inventory.
  • cycle inventory.
  • MRO goods inventory.
29 Sept 2020

What are the 9 types of inventory? ›

9 Inventory types: From raw materials to finished goods
  • Raw materials inventory. ...
  • Maintenance, Repair, and Operating (MRO) inventory. ...
  • Decoupling inventory. ...
  • Work In Progress (WIP) inventory. ...
  • Finished goods inventory. ...
  • Safety stock and other types of stock. ...
  • Packing materials inventory. ...
  • Pipeline (or in-transit) stock.
3 Dec 2021

What are the two main problems of inventory control? ›

9 Inventory Control Challenges
  • Supply chain complexity.
  • Changing demand.
  • Challenging stock.
  • Inaccurate data.
  • Manual stock taking and documentation.
  • Managing warehouse space.
  • Poor order management.
  • Lack of experienced staff.
7 Dec 2021

What is the best way to keep inventory? ›

The best way to keep track of inventory is with an easy-to-use, robust inventory management software system. With inventory management software, you can get real-time alerts, add meaningful pictures to your inventory list, and utilize barcodes and QR codes to automate otherwise tedious, error-prone processes.

What is the most important function of inventory control? ›

Efficient warehouse management, including goods movement, transfer and storage, is one of the most important elements of inventory control.

What are the 4 P's of supply chain management? ›

To conclude, organizations looking out for a strategic supply chain partner, don't give prime importance to Product, Price, Place and Promotion.

What are the 5 most commonly known principles to improve logistics? ›

The five elements of logistics
  • Storage, warehousing and materials handling.
  • Packaging and unitisation.
  • Inventory.
  • Transport.
  • Information and control.

What are the 7 R's of supply chain management? ›

So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

Which inventory system is the best? ›

The Best Inventory Management Software for 2022
  • Best Overall: Cin7 Orderhive.
  • Best for B2B Companies: inFlow.
  • Best for Retail Stores: Lightspeed Retail.
  • Best for Restaurants: Upserve.
  • Best for Manufacturing: Megaventory.
  • Best Free Option: Zoho Inventory.

Which inventory model is most effective? ›

EOQ (Economic Order Quantity) Model

This model focuses on the most economical amount of items a business needs to order to reduce costs and maximize value in the restocking and ordering process.

What are 4 factors that must be considered for accurate inventory valuation? ›

There are four accepted methods of inventory valuation.
  • Specific Identification.
  • First-In, First-Out (FIFO)
  • Last-In, First-Out (LIFO)
  • Weighted Average Cost.

How do restaurants keep track of inventory? ›

Restaurant managers install point of sale systems, also known as POS systems, at the check-out counter. This is usually where customers use cash or credit cards pay for the product. POS systems link to the actual inventory count, so that it updates the quantity with every purchase recorded.

Who is responsible for inventory in a restaurant? ›

While the restaurant owner or manager is likely the one responsible for ordering, each employee should report inventory needs and shortages to the restaurant management team. This reporting can be as simple as writing down low-stock supplies on an inventory sheet.

What is average inventory for restaurant? ›

A healthy inventory ratio for a bar or restaurant is typically between 4 and 8 – selling your entire inventory between 4 and 8 times each month; whether your ratio is a high or low number can also tell you some things about your business.

What are the features of a good restaurant management software? ›

Nobody wants to be making calls to the support team to make simple menu changes.
  • Integrations and built-in features. Smooth integrations matter. ...
  • Tracking restaurant finances. ...
  • Analytics and reporting. ...
  • Marketing, CRM and Loyalty. ...
  • Support when things go wrong. ...
  • Technology features of your restaurant management system.
30 Oct 2022

What is restaurant management software? ›

A restaurant management software, at the basic level, is a system that includes all of the operational, and marketing components you'll need to run your business. It handles payment processing, order management, and day-to-day reconciliation and streamlines operations and marketing.

What is the objective of restaurant management system? ›

The Restaurant Management System helps the restaurant manager to manage the restaurant more effectively and efficiently by computerizing meal ordering, billing and inventory control.

What are the five 5 most important factors in choosing a restaurant? ›

5 factors to consider when choosing a restaurant
  • Of course, the food. It is evident that when we decide to go out to eat out, the first thing we want is to eat well. ...
  • Comfort and atmosphere. ...
  • The Service. ...
  • Prices. ...
  • Recommendations.
25 Dec 2020

What is the most important selling tool in a restaurant? ›

The Restaurant's #1 Selling Tool – The Menu!

A customer's perception of a restaurant is made up of more than just the food options on the menu.

What are 3 things that are imperative to making sure a restaurant runs smoothly? ›

Focusing on these six areas of improvement will help your business have the resources you need to keep delivering excellent service every day.
  • Adapt To Feedback. Customer service is your number one priority. ...
  • Advertise and Market. ...
  • Streamline Your Menu. ...
  • Disciplined Cash Management. ...
  • Motivate Your Team.
8 Jan 2018

What are the good practices in restaurant? ›

8 Best Practices to Ensure Maximum Operational Efficiency in...
  • Ensure that all staffs are aware of the safety and health regulations. ...
  • Plan out how to manage your restaurant's inventory effectively. ...
  • Plan out your training programmes in detail. ...
  • Reduce food waste to reduce your overall costs.

What is inventory management in food industry? ›

What is Food Inventory Management. Food inventory management is your system for tracking what stock comes into your restaurant, what inventory leaves your restaurant, and what's leftover. A good food inventory management system is also the most useful tool for gaining insight into the ways you may be losing money.

What are the five elements of inventory management? ›

5 Key Elements of Inventory Management
  • Track your activity. As a business owner, you ought to know about any movement in your stock. ...
  • Daily counts. Managing your inventory is a daily inventory management task. ...
  • Manage out-of-stock products. ...
  • Clear description. ...
  • Organized work environment.
21 Sept 2016

What are quality best practices? ›

Best practices in quality management focus on the prevention of mistakes and/or defects during the manufacturing process. Adherence to its principles helps to streamline production and ensure the company's exacting standards are met throughout the design, development, manufacturing, and delivery processes.

What are the 9 best practices for restaurant operators? ›

9 best practices for restaurant operators
  • Focus. ...
  • Build strong teams. ...
  • Serve better. ...
  • To sell is to serve. ...
  • Watch your waste. ...
  • Always be marketing. ...
  • Out-teach the competition. ...
  • Lead smart.
26 Oct 2012

What are the 3 types of inventory? ›

There are three general categories of inventory, including raw materials (any supplies that are used to produce finished goods), work-in-progress (WIP), and finished goods or those that are ready for sale.

What are the 3 forms types of inventory? ›

Manufacturers deal with three types of inventory. They are raw materials (which are waiting to be worked on), work-in-progress (which are being worked on), and finished goods (which are ready for shipping).

What is the 80/20 inventory rule? ›

The 80/20 rule states that 80% of results come from 20% of efforts, customers or another unit of measurement. When applied to inventory, the rule suggests that companies earn roughly 80% of their profits from 20% of their products.


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