5 Best Restaurant Inventory Software – Which one to Choose?

Restaurant inventory software is becoming popular day by day since it plays a crucial role in controlling and managing the restaurant’s food items, their cost and in reducing the waste generated. It also helps in maintaining the stock level and prevents the overstocking of certain items. Now the question that arises is why do we need such software? The answer is quite obvious- restaurant inventory software is needed to properly manage a restaurant, control the sales so perfectly that the entire cash flow is recorded in an excellent way.

Key Features and Benefits of Restaurant Inventory Management Software

Restaurant inventory management software comes with a number of advanced features which help in increasing the restaurant’s sales and also in achieving profits in a short period of time.

Features

• Tracking food usage – A restaurant inventory software helps in accurately tracking the food usage, stock levels and allows you to identify different food trends. It prevents the shortages of any supply and eradicates any other inventory problem.
• Determining the food cost and controlling wastage – By taking the help of restaurant management software, restaurant managers can determine the food costs and control waste. It helps in keeping a regular check on the restaurant’s inventory and makes sure that the kitchen always has all the items it needs.
• Calculating the cost of goods sold – The restaurant management software provides an accurate idea about the profit margin. It also helps in budgeting your restaurant’s financial health.
• Online ordering – The popularity of online ordering is increasing day by day through mobile service which has promoted the vendor to offer online ordering. With this feature, orders can be routed from client to the system directly thereby eliminating the need to re-enter data into the POS software.

Benefits

Some of the benefits of Restaurant Inventory Management Software are as follows:

• It enables the restaurant owners to optimize their supply chain.
• It helps to boost sales and prevent losses.
• The restaurant inventory software helps to get a better idea of the food cost.
• It aids in figuring out any inventory wastage.

Top 5 Restaurant Inventory Software

1. POSist

POSist is a popular restaurant management platform which is based on SaaS. It not only helps in managing a single restaurant but can also be used to manage a chain of restaurants. POSist’s keep tight control on the stocks and works to prevent any sort of wastage or theft of resources.

Features

• Restaurant billing software
• Online ordering
• Takeaway and delivery
• Inventory management
• Time and advanced management
• Waitlist management
• Stock management
• Food Costing
• Order management

Pros

• Easy to use
• Cloud-based integration
• Clean user interface
• Low budget and easy billing

Cons

• Doesn’t support any mobile platform other than android

USP

Boost your restaurant’s profit and control the food cost appropriately with Posist’s comprehensive inventory software. It is user-friendly, so no training is required to learn using it. Its user interface is its USP which yields high attrition and saves cost incurred. This application is open for all those developers who wish to serve restaurants with Posist’s solutions.

2. SlickPOS

SlickPOS is restaurant inventory software which will help you in growing your restaurant business by analyzing the sales of your business and by making reports and analytics.

 

Features

• Integrate online orders
• Order tracking
• Table management
• Inventory management
• Point of sale
• Data import and export
• Stock management
• Cash management
• Billing and menu management

Pros

• Hassle free and Easy to use
• Great customer services
• Suitable for all sorts of businesses
• Sales analytics can be performed easily
• User-friendly
• Cloud-based POS
• Crisp and quick billing

Cons

• Limited features
• Many POS functionalities are missing
• Consumes a lot of space
• Invoicing time is slow

USP

SlickPOS is a popular hotel software since it can be customized as per the user’s preferences. It is a cloud-based POS which is very prompt, easy to use and cloud-based.

3. Upserve

With Upserve’s restaurant inventory software, the users can reduce costs and maintain stock levels that too effortlessly. It automates most of the restaurant’s task thereby saving time for other important tasks. It helps in reducing food cost by up to 55%.

 

Features

• Vendor management
• One click ordering
• Automatic inventory
• Customer relationship management
• Menu and order management
• Recipe Costing

Pros

• Excellent customer services
• Time tracking is straight forward
• User-friendly interface
• Prompt payments

Cons

• Inflexible contracts.
• The mobile app isn’t as robust as a desktop version.
• The platform is slightly unstable.

USP

Upserve restaurant inventory management software offers industry leading restaurant POS, actionable analytics and lots of amazing features and functionalities in a single platform. It provides a platform which serves everything you may need to run your restaurant business smoothly. It also provides lucrative deals which exceed the user’s expectations.

4. TouchBistro

TouchBistro is an iPad based restaurant management software that is designed to provide better restaurant management, POS and inventory management services. It helps the servers to generate more sales and provide better services. It comes with an array of features that not just keep a check on inventory, but help in managing the entire restaurant.

Features

• Menu management
• Staff management and scheduling
• Tableside ordering
• Payment processing solutions
• Reporting and analytics
• Restaurant inventory management
• Customer relationship management
• Floor and table management

Pros

• Elegant and simple design software
• Excellent for both large and small businesses
• User-friendly
• Cost-effective
• Secure onsite system

Cons

• Non-cloud-based
• Reports have some glitches
• An absence of all in one POS
• Lack of features
• Long wait times

USP

TouchBistro restaurant inventory software offers flexible POS pricing plans which can easily fit your budget and business type. Its subscription cost is low as compared to other inventory management software and it also comes with a free trial.

5. ToastPOS

ToastPOS is a robust solution for all types of food service businesses including bars, lounges, and restaurants. It presents each customer with a fair tip percentage. It has a built-in loyalty-based program. This restaurant inventory software creates a path for the restaurants to analyze which items are bestsellers and keeps a tap on all the aspects of the restaurant business.

Features

• Customer management
• Real-time monitoring
• Sales metrics
• Access to loyalty points
• Customizable loyalty rewards
• Personalized webpage
• Restaurant software updates

Pros

• Great customer services and support
• User-friendly
• Reliable
• Offers split check function
• Extremely intuitive interface
• Very responsive clicks

Cons

• Charges credit card processing fees
• Expensive
• Not fully developed

USP

ToastPOS restaurant inventory management software is a cloud-based solution to do away with the old POS while providing control as well as business visibility. It empowers its clients to improve their restaurant operations and run their business more efficiently. It offers simplified payment options for both restaurant owners and their clients