Purchase-to-Pay and Inventory

Powerful analytics to keep you on top of your recipes, purchasing, inventory and your suppliers.

You need intelligent reporting on the purchase-to-pay process, and your recipe and menus in a heartbeat. Your business would benefit if it could analyse your data any way you like, at any time.

FAP2P

 

 

Meet Your Challenges

  • See how well the business is really doing using the demand forecasting and sales mix features.
  • Understand the true effectiveness of your procurement process and where compliance and efficiency can be improved.
  • Easily see which recipes are your best performers and those that are not profitable.
  • Analyse the quality of your inventory management.
  • See your best suppliers and those that need improvement with the supplier balanced scorecard.

With Fourth Analytics, you can now draw meaningful conclusions with charts, graphs and interactive dashboards delivered to you at the touch of a button.

Key Benefits

  • Relevant teams can take immediate action by receiving automated reports and updates.
  • Data is freed from silos, transformed into intelligence and put into the hands of the operation.
  • Decisions can now be made based on the latest facts with one version of the truth to reference.

Features

Purchase-to-Pay

The Problem
Understanding, and acting upon, the trends and patterns in your purchase-to-pay data is the dream. The reality is often the opposite, with many streams of data needed to generate meaningful information, rendering it almost impossible to get the real story behind your processes.

Our Solution
Fourth Analytics dashboards show you everything you need to know. Automated purchasing compliance reporting enables you to benchmark all vendors on delivery and pricing compliance. Now you can negotiate better prices and streamline your supplier base.

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1. See at a glance the variance in sales vs. cost of purchase
2. And drill down to see detail on each product and ever supplier
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1. See your suppliers’ performance at a glance
2. See stock ordered vs. deliveries
3. See which suppliers are the best – and the worst – at getting it right

Inventory

The Problem

No matter the number of outlets, managing cost before it is spent, identifying causes of waste, avoiding over-ordering and excess stockholding, and reducing theft can be time-consuming, labour intensive and, at times, impossible.

Our Solution
Fourth's inventory control software and interactive analytics dashboards work together to show who's accountable across all stock, including non-food and non-beverage items. Inventory check results are analysed to spot trends. Smart charts highlight discrepancies between actual and theoretical. Excess stockholdings are eliminated and waste is typically reduced by 1-3% through full accountability.

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1. Highlights opening to closing inventory: how optimal is the stock movement?
2. Days of stock on hand clearly shows stock efficiency

Want to find out more? Contact Us

Purchase-to-Pay and Inventory blog posts for you

Internet of Things ushers in the connected restaurant

Written by: Christian Berthelsen, Chief Technology Officer, Fourth

Restaurants and hotels are only just beginning to use the power of the Internet of Things to automate tedious operations and make sense of huge amounts of data. From keeping employees engaged to tailoring the customer experience, IoT (Internet of Things) changes everything. Learn more about what it can do and how to best set up the connected restaurant and hotel.

Big Data’s day in the life of a restaurant

Written by: Mike Shipley, Analytics and Insight Solutions Director, Fourth

Big Data brings together large amounts of siloed information in one place to make it more meaningful and useful. But it has a different impact on each hospitality worker. Check out how work life gets easier and more efficient for each restaurant persona after data is harnessed.
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.

John Bradshaw Head of Commercial

Specs

All you need to run Fourth’s products is a device with an internet browser. Yup, that’s it.