Track Every Aspect of Your Supply Chain
Control costs with comprehensive reporting on price inflation, menu engineering, inventory management, and the gap between theoretical and actual costs. Fourth’s Procurement & Inventory Analytics enables operations, finance, and supply chain teams to take immediate action to reduce wastage and improve margins.
Manage Recipes and Menus
Develop and modify menus by understanding the most profitable sales mix, and plan for seasonal changes by evaluating what ingredients are readily available at the right cost and what is popular in that region.
Identify which ingredients are going up in price and how this is affecting your profitability, as well as price changes and alternatives by supplier and by category.
Reduce wastage by understanding the cause, easily identifying which lines and in which areas of the operation. Evaluate and compare inventory holding amounts by location and category over time to ensure operations are ordering and storing goods efficiently.
Benchmark suppliers on delivery and pricing compliance, negotiate better prices and streamline your supplier base.
Built for Hospitality
Our platform has been serving the hospitality industry since 1999, so you can be confident that we have the depth of functionality you need. It’s hospitality technology redesigned from the inside out.
“Fourth gives me two things: economically sound information for decision making around menu development and pricing, and consolidated results for my operation as often as I want them at the touch of a button. It provides information we never had before and I can see at a glance which are problem products and where the wastage is – at company level, at regional level and by brand. I absolutely love it.“