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Inventory Management Overview

We get it inventory management is hard. You're flat out busy. And you're staff are barely keeping up with the dozen other things you trained them to do. So it's no wonder why you're scrawling orders on napkins, tracking orders through voicemails, and resorting to half-baked spreadsheet inventory counts.

But your cost of goods is one of the biggest expenses in your business - so what happens if you don't do it right? 

Fear not, inventory management doesn't have to be a hassle.

With Lightspeed, you can place & track orders with your suppliers from one place, keep waste under control, easily maintain the right stock levels, and report on it all in just a few taps. With the proper Insights into your inventory, you can take real action to reduce your expenses, increase your profitability and, potentially save your business thousands. It's the easy way to not become just another hospitality statistic.

 


Inventory - What you can do

 

Monitor cost

Right after labour cost, the cost of goods is one of the biggest expenses in your business. Stay on top of your spending - monitor your cost of goods side-by-side with your revenue and gross profit.

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Add supplier contacts

Centralise your communications with suppliers. Keep supplier details in one place that’s accessible to all. No more lost, outdated contact details - no more guesswork.

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Set default suppliers

Now you can make purchasing stock even quicker. Link suppliers to the stock items you regularly buy to make ordering a breeze.

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Send purchase orders

No more lost, redundant, or forgotten orders. With Purchase, getting stock into your business is simple, traceable, and connected to your inventory and accounting systems for dreamlike efficiency. It’s so easy, it’s fun.

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Make recipes that update stock levels

In the high-pressure environment of hospitality, manually monitoring stock is added pain and time. So why wait if you can automate? Track your stock levels of ingredients with every product sold. 

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Generate automated stock counts

Stock counts automatically sync with your purchases, sales, and wastage so that inventory management reaches a whole new level of ease. 

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Track wastage

Managing wastage is a challenge for many businesses in the hospo industry - where to even start? Track your wastage (the why, who, and how much) and sync your inventory data automatically - giving you the visibility you need to act. 

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