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Stock Tracking Systems

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Manage your stock tracking processes smoothly.

The service process is a quite a long procedure within the hospitality and tourism sector. Accurate management of each step in the process, that starts with the supply of raw material to be used in the service and continues until the offer of product or service to the customer, is very important, in terms of quality of the service offered, as well as for keeping expenses under control. If this is not performed accurately, problems or losses experienced in the workflows may lead to quite serious losses overall. To avoid such issues, the business can be strengthened with technological solutions developed for the supply, stocking processes.

Manage your stock tracking processes smoothly.

The service process is a quite a long procedure within the hospitality and tourism sector. Accurate management of each step in the process, that starts with the supply of raw material to be used in the service and continues until the offer of product or service to the customer, is very important, in terms of quality of the service offered, as well as for keeping expenses under control. If this is not performed accurately, problems or losses experienced in the workflows may lead to quite serious losses overall. To avoid such issues, the business can be strengthened with technological solutions developed for the supply, stocking processes.

Manage your stock tracking processes smoothly.

The service process is a quite a long procedure within the hospitality and tourism sector. Accurate management of each step in the process, that starts with the supply of raw material to be used in the service and continues until the offer of product or service to the customer, is very important, in terms of quality of the service offered, as well as for keeping expenses under control. If this is not performed accurately, problems or losses experienced in the workflows may lead to quite serious losses overall. To avoid such issues, the business can be strengthened with technological solutions developed for the supply, stocking processes.

You may see the stock tracking solutions we offer
for hospitality businesses from the menu below:

You may see the stock tracking solutions we offer
for hospitality businesses from the menu below:

You may see the stock tracking solutions we offer
for hospitality businesses from the menu below:

Why are stock tracking solutions important?

In the hospitality businesses, cash flow and product mobility must be regularly tracked and controlled. Management and tracking of all processes that are subject to cash flow in a business, such as purchasing, sales, payment, product supply and storage management through a single center provide great benefits for the managers. This tracking and control mechanism is very important in terms of both increasing the business efficiency and managing financial and administrative processes. Missing or incorrect records can affect all business processes in a negative way. On the other hand, manual management of all information flow in the business also requires a great amount of workforce, and may not always provide accurate results since it is a method based on human interaction Due to all these reasons, managers that have a hospitality business often prefer to use technologic solutions that have a capability to operate with other software for stock tracking processes.

 

Protel’s Materials Control stock tracking and management system is a comprehensive stock tracking software that enables you to analyze the stock information of your business in real-time and make cost calculations accordingly. Materials Control that has the capability to operate in compliance with MICROS 3700 POS solution deducts the sold products from the stock instantly.

How do stock tracking systems work?

Stock tracking software operate based on digital data and objective findings. There must not be any fault in the data provided to software in order for both systems to run accurately and produce faultless results. Stock tracking software requires placement of the raw materials in the storage, as well as accurate notification of the number of products to the system. Some businesses record each product by using a barcode system at the stage the system is informed. In smaller businesses, this process is the responsibility of one person. The product that is placed in the storage and takes its place in the inventory is processed within the system. Working in integration with the point of sales systems, stock tracking software deducts each sold product from the stock and produces meaningful statistics by collecting digital data about the sales. For instance, when the stock of a product that is sold more than another product in the same category falls below a specific level, the system warns that the product must be ordered. In such a case, the new deal made with the supplier is determined according to the sales statistics. In this way, storage is used in an optimum manner, and product loss is minimized in products with approaching expiration dates.

Do small scale businesses need stock tracking software?

The most prominent contribution of stock tracking software in the businesses is to an increase in efficiency. It is thanks to the software that audits all of the processes in restaurant operations and reveals the loss-leakage and inefficiency at every stage, that businesses are able to reduce their expenses and increase their business efficiency.

 

Another advantage of using stock tracking software is the saving of workforce, effort and time that would typically be used if the processes were performed manually. After all, a small mistake that can be made at any stage of the calculation processes with hundreds of components might lead to serious differences in the grand total.