4 Ways Food & Beverage Software can boost your bottom line

Food and beverage is a leading example of an industry under constant pressure to meet regulatory requirements. A systematized food management is a must if restaurants are to sustain with health codes and this can be achieved with the use of proper food and beverage software.

Businesses in just about any industry can adapt fully integrated hotel software to not only get finances, inventory, or sales data under control, but they can also use them to gain new capabilities and insights that a basic spreadsheet could never provide – insights that have a real impact on their bottom line.

So, what can hotel software do for your food and beverage industry business? Apart from keeping track of numbers, what can be the tangible benefits of a food and beverage software for a hotel or restaurant? We’re glad you asked. Here are the 4 surprising ways a food and beverage software can help your business succeed.

1.Inventory Tracking in case of recalls

Food recalls are every food and beverage industry company’s worst nightmare. But the way, they’re taken care of can make a difference between a company that survives and goes on to succeed – and a company that struggles. 

A hotel management software integrated with food and beverage solutions connected to warehouse management system can help a business monitor each and every product in its distribution supply chain. By tracking dates, quantities for each product, as well as each one’s movement, a hotel or restaurant would quickly be able manage perishable inventory and execute product recall automatically.

2.Efficient distribution for perishable foods

When you’re managing perishable foods, every second counts. Distribution must be immediate, efficient, and accurate in order to minimize costs and maximize product quality. It’s not enough to track products as they move through the distribution supply chain – you need to be able to identify ways to continuously improve. 

With a PMS’s inventory management and CRM capabilities, integrated with hospitality solutions, a food and beverage industry company can easily take orders, find the most efficient ways of transporting products, and track every step of the process, so that inefficiencies can be eliminated and customer satisfaction – and profits – can be uplifted.

3.Restaurant management made easy

Managing a restaurant can sometimes feel like a juggling act. Especially when you’re in charge of an entire chain, it’s next to impossible. By integrating hospitality management software with the POS system, restaurant chains can create accurate daily sales reports in real-time.

Giving management the full picture at every hotel and restaurant every day, things like monitoring cash, keeping track of cost vs sales performance and predicting future sales become easy by integrating food and beverage software in your property or restaurant. 

4.Improved customer service

Restaurant or hotel dining is not just about the food, at least from the customer’s perspective. Studies found that when customers eat out, they seek an experience that leaves them feeling good. Moreover, customers are more likely to spend more money and patronize a specific restaurant or hotel more often when they feel engaged. 

An improved customer service is all about delivering quality product at a fair price and delivering when it is promised which ultimately increases customer satisfaction. A food and beverage software helps streamline business process and internal errors in real-time. As a result of cost savings, better decisions and access to data, restaurants and hotels run more efficiently showing visibility in improved customer service.

In conclusion, the food and beverage industry is very competitive and highly regulated, therefore, investing in a robust hospitality management software is vital to operational efficiency and success of a food and beverage company. Consult QiK Circle Hospitality Management Software today to find out how we can help your company in streamlining operations, increase productivity and boost customer service.

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