Inventory Management

Visibility and control across the whole business - from 1 to 1,000 locations

To run your business profitably you need inventory management with full transparency and complete control.

Meet Your Challenges

  • Manage cost before it is spent with the reports you need, when you need them.
  • Get full accountability across all stock items, including non-food and non-beverage items.
  • Make timely decisions with inventory results available on demand.
  • Take control of stock and reduce waste by 1-3%.

Fourth's inventory control software solution's integration with purchase-to-pay, recipe engineering and POS adds the magic ingredient to any food service operation - impeccable inventory control. Now it's easy to get the information you need.

Key Benefits

  • Detailed line-by-line stock control highlights discrepancies between actual and theoretical, so managers can act quickly.
  • Inventory management tools help you move stock easily through the business, eliminating excess stockholding and avoiding over-ordering.
  • Real-time capture of discounts and comps increases accuracy.
  • Key metrics highlight the causes of waste requiring immediate action - and theft is easily identified.

Features

Inventory Management

The Problem

Managing stockholding across the estate accurately in real time is notoriously complex. Over-ordering, wastage, theft and manual stock reporting skew the reporting and lead to poor purchasing decisions.

Our Solution
Fourth automates the whole process with inventory system management. Reliable reporting provides you with one version of the truth - and the reporting has the breadth and depth you need to make sure you always have the right stock in the right place at the right time. No more and no less.

Inventory Management: Stock Count Tour

 

Inventory Management: Wastage Tour

 

 

 

Requisitions & Transfers

The Problem

Managing vast numbers of stock items with variable sell-by dates against a backdrop of variable demand at many locations brings incredible challenges to the bottom line and stock availability.

Our Solution
With Fourth inventory management software, requisitions and transfers are child's play. Requisitions are easily handled, whether storeroom-to-outlet or outlet-to-outlet, along with standard transfers, cross-property transfers and returns. The result is total cost-by-outlet visibility.

Inventory Management: Transfers & Requisitions Tour

 


Point of Sale integration

The Problem

Errors and duplications are commonplace when the processes to manage and control stock at the back of the house are not integrated with the sales entered into the POS at the front of the house. The true picture is distorted - and any resulting decisions are therefore also warped.

Our Solution
Fourth’s inventory management system fully integrates with your POS, creating a complete business system to reduce costs and improve efficiency. You know on-hand inventory in each outlet on demand. Accompanied by smart analytics, Fourth gives you a peerless view into your operation.

 
Fourth’s inventory management system has improved our profitability by enabling great visiblity on our inventory ordering and management. Overall, there has been a fantastic 4.88% difference in GP in favour of last financial year. I expect this to improve still further.

Andy Ross Director

Fourth’s inventory management system has really improved our inventory management, and links in seamlessly with our EPOS system - especially useful for inventory audits. I would definitely recommend it for hotels.

Alain Grand-port Group Financial Controller

Specs

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