Using formulas and ratios to better understand your inventory management is another great way to help elevate performance and better target your revenue goals. Six Useful Formulas and Ratios to Boost Your Restaurant Business This organized template should provide you with a solid guideline to help get started on tracking your inventory! 4. For example, you can incorporate additional columns and formulas that may be suitable to meet your needs. It can easily be customized and edited to meet your unique restaurant business needs. This template includes a detailed example to help with easy formatting and step-by-step instructions to guide you.
INVENTORY MANAGER APP TEMPLATE FREE
It can be difficult to know what should go in your inventory tracking spreadsheet so we have provided a free template for your restaurant. By downloading our free spreadsheet, you can set yourself up for success and customize this resource to your specific needs. From different units of measure to multiple suppliers and storage areas, having an organized system is crucial to making inventory tracking a practical and rewarding habit. It can be difficult to know where to start when creating an inventory tracking spreadsheet completely from scratch. Using an inventory tracking spreadsheet can simplify inventory counts for you and your staff. Instead, you’ll want to use an inventory management software, or at least a spreadsheet, to better oversee your inventory. Manually tracking every item in your inventory with pen and paper can be extremely time-consuming and tiresome. Use an Inventory Tracking Google Sheet or Excel Sheet Label each storage unit : Clearly label each fridge, freezer, and other storage space.īy taking the time to organize your shelves in a logical way, you can easily see what ingredients you are low on or which you have too much of, as well as easily set up your inventory data on an inventory tracking sheet or software. All meat items in Freezer 1). This can help track inventory more efficiently, as well as make it easier for staff to find items in the storage spaces.
Organize your items by food category: Group similar items together in the same storage area (ex. This will also make things easier to find for your staff. You can use the same SKU provided by your supplier if available. Use this to track inventory in your spreadsheet. Here are some simple organizing strategies that can help you make inventory tracking a smoother process:Ĭreate a unique SKU for each item : Label all your ingredients and supplies by creating a unique ID. It is important to keep your storage areas organized to prevent these issues from occurring. Having an unorganized storage space can lead to many issues including frustrated staff and unnecessary costs due to over-ordering miscounted items. The first step before you start tracking your inventory is making sure that your storage space is organized.
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