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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 FreshIQ?

The FreshIQ platform provides extensive management capabilities for your fresh inventory with user-friendly tools aimed at increasing sales, reducing costs, and improving operational efficiency. By utilizing real-time data insights, you can enhance your store operations, while also fostering revenue growth through the optimization of production and ordering processes. Moreover, the platform prioritizes product safety by ensuring thorough food traceability, which is essential for maintaining consumer trust. Additionally, it helps minimize waste through efficient inventory management and shrink control. Ultimately, FreshIQ empowers your business to make well-informed decisions, paving the way for long-term, sustainable growth in a competitive market.

Media

Media

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

Applied Data Corporation

Date Founded

1989

Company Location

United States

Company Website

www.applieddatacorp.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

Bakery

Accounting Management
Customer Management
Inventory Management
Labor Cost Calculator
Nutrition & Ingredient Labels
Nutrition Analysis
Production Management
Recipe / Formula Costing
Recipe / Formula Management
Sales History
Sales Management

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

Food Traceability

CRM
Order Management
Product Lifecycle Management
Production Management
Quality Control
Recall Management
Recipe Management
Traceability
Traceback & Traceforward

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

Recipe Costing

Analytics/Reporting
Demand Planning
Inventory Management
Menu Management
Nutrition/Allergen Management
Online Ordering
Point of Sale
Recipe Management

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