Answer to Question #271650 in Management for praynay

Question

. “SV caterers and party services” are into the business of catering custom made food 

menu for birthday parties, wedding receptions and corporate events. They get about 5

to 6 events a week across different places within the city. They want to look at maintaining some inventory of consumables, long lasting catering ingredients and other

feasible items. How will you advise SV caterers on their move to hold inventory?

Answer 1

The most accurate way to track inventory is to use your restaurant's point - of- sale system. Inventory management software keeps track of your restaurant's real usage, eliminating guessing and providing a more precise view of how inventory travels through the establishment.

An inventory tracking system, as previously said, assists food and beverage firms in successfully managing waste, increasing production, and controlling cash flow. Keeping a careful watch on manufacturing costs as well as the overall market worth of items is standard practice in many businesses.