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Ratings and Reviews 0 Ratings
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What is Ideal Stock Control?
Monitoring your Cost of Sales percentage closely is essential for a restaurant's success, as it allows you to implement strategies that improve operations and increase profitability. Whether you operate a quick-service eatery, an upscale restaurant, a catering company, or a foodservice for institutions, understanding the relationship among the three core food cost principles is critical for the future of your venture. Shrinkage, often equated with theft, represents a considerable menace to profit margins. This shrinkage indicates the difference between the ideal or expected food cost and the actual costs incurred, with discrepancies often falling between 2% and 15%. Such variations can lead to significant profit losses that may represent a considerable portion of sales, frequently determining whether a food service business thrives or faces potential shutdown. It is inevitable that all food service operations will encounter some degree of shrinkage, which underscores the importance of identifying and addressing its sources effectively. By tackling these challenges, you can greatly improve your operational effectiveness while protecting your financial health. Ultimately, taking proactive measures against shrinkage will not only enhance your restaurant's performance but also ensure its long-term sustainability in a competitive market.
What is FoodCo?
FoodCo showcases a cutting-edge suite of professional food-costing software designed to boost profitability within the foodservice sector. By focusing on critical areas such as menu development, stock control, production management, and sales forecasting, this dependable all-in-one solution enables foodservice establishments to manage their operations effectively while significantly enhancing their profit margins. Furthermore, the software is highly compatible with various POS systems, vendors, and accounting platforms, featuring powerful tools that address food cost management, inventory supervision, menu creation, and in-depth reporting. These capabilities not only streamline workflows but also foster improved efficiency across the board. Such comprehensive integration is vital for businesses striving for smooth operations and superior financial outcomes, ultimately supporting their long-term success.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Ideal Software
Company Location
South Africa
Company Website
idealsoftware.co.za/ideal-stock-control/
Company Facts
Organization Name
FoodCo
Date Founded
1981
Company Location
United States
Company Website
www.foodcosoftware.com
Categories and Features
Food Service Management
Costing
For Cafeterias
For Healthcare Facilities
Free / Reduced Meals
Inventory Management
Menu Planning
Nutritional Analysis
Online Payments / Funding
Point of Sale (POS)
Purchasing
Recipe Management
Schools
Tray Tracking
Categories and Features
Food Service Management
Costing
For Cafeterias
For Healthcare Facilities
Free / Reduced Meals
Inventory Management
Menu Planning
Nutritional Analysis
Online Payments / Funding
Point of Sale (POS)
Purchasing
Recipe Management
Schools
Tray Tracking
Recipe Costing
Analytics/Reporting
Demand Planning
Inventory Management
Menu Management
Nutrition/Allergen Management
Online Ordering
Point of Sale
Recipe Management