Food and beverage wastage is a significant, pervasive issue in the hospitality industry. According to the UN, the world generates over 1 billion tonnes of food waste annually, which not only impacts businesses but also has a detrimental impact on the global economy and the environment. On the business side of things, the global hospitality […]
How to Prevent Stock Loss? As a food & beverage business, competitive edge doesn’t always mean spending on flashy ads or rolling out new, in-demand products that your competitors thrive on. Often, something as simple (yet not so simple) as proper inventory management can do the trick. Optimising the minor details of your operations can […]
The Irish hospitality industry is renowned for its warmth, comfort, and a welcoming charm. But today’s digital age calls for more than a friendly smile and a warm hearth to remain relevant and competitive. Customer service is constantly evolving in today’s dynamic world. Hospitality operators must stay relevant in these changing times. The fluctuating needs […]
As a small business owner, you have to perform multiple roles. From managing day-to-day operations to capitalising on marketing opportunities, the success of your venture hinges on the multifaceted responsibilities you take on every day. However, one of the most challenging and time-consuming jobs that needs your attention is stocktaking. For a small business, catering […]
The hospitality sector is a vital contributor to the Irish economy, creating employment, tourism, and cultural exchange opportunities. Ireland’s hospitality industry is diverse, perfectly complementing the warm spirit of its people and the breathtaking natural beauty of the country. However, the sector isn’t without its own growth opportunities and challenges. Knowing what can make or […]
Technology has brought about sweeping changes in the hospitality industry, it has redefined how operators manage customer experience and operations. From automated guest services to real-time inventory tracking, the digital era presents several growth opportunities for hospitality businesses. To stay ahead, hospitality leaders need to go beyond adopting new technologies, they need to completely rethink […]
Managing inventory is amongst the most complex tasks for any hospitality business, albeit an essential one. One way to control inventory is by regular stocktaking. Stocktaking is the process of manually counting stocks at hand and comparing it with records to identify discrepancies. Any mismatch may indicate loss, wastage, or theft, helping operators address such […]
Running a hospitality business without a grip on your inventory is like shooting in the dark. Regular stocktakesminimise the risk of stockouts, overstocking, and theft, leading to accurate pricing, sales, and happy customers. Without proper inventory management, your records will be inconsistent or outdated, potentially disrupting operations and profits. Stocktaking helps operators identify fast and […]
The hospitality industry is a dynamic niche, posing several opportunities and challenges to operators. One of the most common challenges that establishments face is efficiently managing inventory. This is where professional stocktakers come in. Stocktaking is the practice of counting stocks and comparing them with records to identify discrepancies. Any mismatch may indicate stock loss, […]
Stocktaking is the process of calculating the number of stocks you have and turning it into a report. The report informs a hospitality business of the quantity of stocks they have, their value, and their comparison against previous inventories. While there are a host of benefits of stocktaking, most hospitality operators only stocktake once a […]
