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- Learn the terminology. Sitting Inventory. The amount of product (or dollars worth of product) in-house. Depending on your business, you should refer to sitting inventory as either dollars worth or physical amount.
- Choose your system. Automated Inventory Management. The most accurate way to track inventory is to manage it through your restaurant POS system. Inventory management software tracks your restaurant's actual usage, taking the guesswork out of their usage for a more accurate picture of how inventory moves through the restaurant.
- Organize your space. Organization is key to getting started with inventory tracking and management. Labels are crucial here — all food in containers should be dated and labelled, no matter what.
- Train your staff (yes, ALL of them) Inventory management cannot fall entirely on one person. Managers and shift leaders should be delivering detailed inventory reports whenever they clock out and alerting the team of any major outages or issues.
- Accommodate seasonal items. Keep in mind what's seasonal in your restaurant and plan ahead accordingly. For example, if your peppermint hot chocolate doesn’t tend to move post-holidays, your inventory tracking will tell you how long to leave it on the menu.
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