Reduce Wastage with Food Stocktaking
Nov 11 2019
If your business got sizeable food operations, it is highly imperative to consider the benefits of having regular and accurate food stocktaking. Much like the liquors, food stocktaking can essentially find extra margin where you were unaware of its existence previously.
Generally, stocktaking pertains to physical verification or evaluation of conditions and quantities held in inventories in basis for accurate valuation and audit. Food stocktaking is just one type and this has been given huge importance by many different beverage and food business today. The main reason behind food stocktaking is to identify and reduce early food wastage to the minimum. This allows business to have more efficient operations obtaining expected profits and achieving excellence in service.
Food Stocktaking – A Critical Component to Ensure Business Success
Food stocktaking is highly important in running successful businesses such as hotels, restaurants and more. Without accurate procedure in place, the margins can quickly deteriorate and with beverage and alcohol sales decline more and more individuals rely on foods as their main sources of revenue. Therefore, food stocktaking is a process which has never been more vital in running successful outlets. To ensure the success of your business, you need to monitor your stocks and facilitate proper food stocktaking to achieve the best possible margin and to experience many other benefits of doing this procedure.
Food Stocktaking and its Vital Role in Preventing Food Wastage
Proper food stocktaking allows you to discover and reveal irregularities and anomalies which are happening in your kitchen. Through food stocktaking, you will be able to develop effective and reliable stocking methods so no foods will be wasted. You can also correct erroneous ones and as a result, you do not just prevent food wastage but also minimize the food cost which further results to increased profitability of your business.
Aside from preventing food wastage, there are still many other benefits you can get from proper food stocktaking as you go along with this process. If you are not using food stocktaking before, now is the best time to make use of this process and be surprised with the many amazing things you can gain from.
Other Benefits of Food Stocktaking
Portion control is an effective method to improve gross food profit but this can only be done right after systematic and proper food stocktaking. Through this process, you can get ideas on the right quantity of ingredients to be used per serving or per plate.
Highly efficient and precise food stocktaking reveals the most crucial figures that are often needed to reduce stock levels or prevent wastage. This is also considered as one means of improving gross profit on food operations and reducing costs.
Through proper food verification, every item is guaranteed to match ideal size or quantity and this helps in increasing inventor accountability. All of these amazing benefits resulting from precise and competent food stocktaking significantly help in improving not just the gross profit but also profitability and success of the entire food venture.