Top 5 Mistakes to Avoid in the Hospitality Industry in Ireland
The Irish hospitality industry includes clubs, pubs, bars, restaurants, cafes, hotels, lounges, and resorts. While each sector has its own ups and downs, challenges, workarounds,
Optimise Profit Margin & Yield with Professional Stocktaking
Improve Stock Control & Eliminate Theft & Pilferage with Precise Stocktakes by our Food & Beverage Stocktakers
We Provide Hospitality Consulting Services with Food & Beverage Stocktaking
As experienced stocktakers, Hospitality Partners understands the value of your stocks & assets. To maintain profitability, you must ensure all your stocks are priced correctly and yield maximum returns. The food & beverage sector faces daily risks of stock wastage, theft, or loss. Regular stocktaking by our experts will help you identify whether any gaps exist between your current stock levels and inventory. With same-day reports, we will discover areas of concern and provide actionable insights to minimise losses & maximise returns for your food & beverage business.
We have an accurate system and efficient process to elevate your business to success. Comprehensive stocktakes will reveal real-time data that allows you to pivot your in-house management practices and stock control mechanisms. Each of our experts focuses on improving your profits and streamlining your sales with inventory.
Why Work with Hospitality Partners?
Hospitality Partners has been an independent stocktaker in the industry for 15 years, providing inventory analysis and consultancy to hospitality trades.
Our seasoned stocktakers help businesses pinpoint inefficiencies with comprehensive inventory management.
Cost
Reduction
We have helped single-unit as well as multi-unit establishments reduce food & beverage costs with data-driven stock management.
Greater Profitability & ROI
By optimising ROI on stocks through comprehensive stock & profit analysis, we will maximise your profit margins & eliminate stock wastage.
Theft
Prevention
Whether deliberate or accidental, employee theft and poor management practices pose serious risks to hospitality ventures. We will take measures to safeguard your inventory from theft, pilferage, and errors with regular & precise stocktakes.
Actionable Insights
Not just data, we will provide you in-depth insights on all challenges your business is facing along with recommendations so you can make informed decisions.
Services
Beverage Stocktaking
When you hire beverage specialists at Hospitality Partners, you get a dependable partner to control your beverage costs, cut down losses, and boost profits. Our beverage stocktaking & inventory control services are geared to enhance your profits by multifolds.
- Reduced beverage costs
- Data identifying issues in your beverage inventory
- Same-day reports
- Employee coaching on best management practices
- Streamlined procurement process to align stock orders with sales
- Reallocate staff to critical areas
Food Stocktaking
Food is a more vulnerable stock than beverages, and we, at Hospitality Partners, specialise in kitchen control processes with comprehensive audits of your management & systems to identify areas that need attention. Our experts will work with your staff & managers in a collaborative process to control food costs with sustainable & sound practices.
- Minimised food costs
- End-to-end menu reporting
- Reports Showing Areas where you are incurring losses
- Coaching your chef & kitchen staff to implement tighter controls
- Best Food Inventory Management Practices
- Same-day Reports
CONSULTANCY
With same-day reports, your hospitality business will get insights on how to leverage new opportunities and increase profitability in the long term. Our stocktakers will analyse real-time data to captalise on opportunities to increase sales, product margin, overall profitability, and revenue. We will help you deal with issues affecting your profitability by delivering workable solutions tailored specifically to your business.
- Actionable intelligence on how to improve profits
- Managing stocks with greater accuracy
- Maximise turnover on each product
- Making informed decisions with data-driven advisory by independent experts
Frequently Asked Questions
Bevarage Stocktaking FAQ's
Why is a regular stocktake important for a beverage business?
Regular stocktaking will conclusively verify the quantity of stocks in your beverage business’s inventory. Consistent audits will help you cut down wastage, optimise inventory levels & product pricing, maintain accurate records, and prevent overstocking or understocking at any given time.
How can beverage stocktaking reports help improve profitability?
The insights gained from beverage stocktaking aid in making informed decisions regarding stock purchases, product pricing, and marketing strategies. These insights help you to improve your operational processes by controlling inventory, reducing costs, and enhancing profitability.
Food Stocktaking FAQ's
How can food stocktaking benefit my operations?
Food stocktaking ensures your products are priced correctly & your current stock levels align with demand. It also reduces wastage by overstocking or theft and helps you identify discrepancies between your inventory levels & available stocks.
How can stock-taking help with menu pricing and supplier management?
Food stocktaking tracks food costs & identifies patterns to help you control purchasing and pricing. By analysing historical data, you can plan your menu to include in-demand & cost-effective dishes that increase product turnover and profitability while reducing waste. You can also predict future demands and order products accordingly to prevent overstocking or understocking.
General Stocktaking FAQ's
What kind of reports do you provide after a stock-take?
We provide the following reports:
- • Summary of food stock levels & gross profits
- • Profit analysis
- • Stocktake summary of sales, stock variance, & recommendations
- • Total costs & gross profits of each item on the menu
Can you help establish stock order procedures for better cash flow management?
By analysing historical data and current market trends, we will accurately forecast supplies that align with consumer demand. Our experts will ensure your inventory is accurate and create a cash flow strategy to identify problems early.
Consultancy Service FAQ's
What consultancy services do you provide for the hospitality sector?
We offer full-service hospitality consultancy, including:
- • Full Menu Costing & Profit Analysis
- • Private Investigations
- • CCTV Surveillance
- • P/L & Cashflow Projections
- • In-house Stock Control Training
- • Supplying Stock Control Software, Hardware, & Training
- • POS System
- • Menu Design & Development
How can your consultancy services help improve my business’s profitability?
Our hospitality consultants will leverage data & analytics to predict demand, control pricing, reduce cost, & increase profit margins. We will identify & address gaps in your day-to-day operations, maintain stock levels & increase product turnover, and train your staff per the best management practices to improve profitability – both in the short-term and long-term.
Do you offer support for in-house training and system setup?
Yes. We will provide extensive coaching to your kitchen, bar, & serving staff to implement optimised management practices. We will also supply a stock control system & hardware, set it up, and train your staff to use them.
Our Blogs
How to Choose the Right Hospitality Consulting for Your Business in Ireland?
Hospitality businesses need a competitive edge to stay ahead in a market where international and external challenges are a dime a dozen. One way to
The Importance of Accurate Stocktaking for Hospitality Businesses
Stocktaking is the process of taking control of your inventory. It includes a calculation of the stocks you have in-store and comparing them against inventory
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