As the hospitality industry returns to the new normal, businesses in the sector must ensure that they have a good controls framework in place, and it must be integrated and agile in order to quickly identify potential risks, address areas of vulnerability, and ultimately achieve improved results.
Simply fill out the form to request a free no obligation consultation with a member of our team today!
Stocktaking is perhaps the largest area of the control framework. Effective stock control impacts everything from customer satisfaction to efficiency and profit margins. Having a robust stock control system in place is key for businesses in the hospitality industry, and it is essential that businesses in the sector regularly review their stocktaking process to ensure it is accurate and timely.
The main goal of stocktaking or inventory control for most hospitality businesses is to make the most money with the least amount of product investment while keeping customers (and staff) happy.
With accurate stocktaking, hospitality businesses can:
Capcon operates in the hospitality sector across the UK, helping single and multi-site pubs, restaurants, hotels, wine estates, theatres, casinos, hotels and major venues manage and improve stock controls within their businesses, and gain information and valuable insights on a range of key performance indicators, including:
• gross margin by product
• purchase information and cost prices
• stocking policy compliance, and more.
The effective management of central storage areas is essential, and we can review these, too. Capcon systems and reporting provide unparalleled stock transparency and control, and we’ll quickly identify issues that could affect local stock results.
Our easy-to-use Electronic Cellar Management System provides new levels of stock transfer control, with up-to-date theoretical balances. It enables any authorised user to go in, run a report and check cellar stock.
Capcon’s stocktaking services help you to:
• maximise accuracy
• improve supplier negotiations
• highlight variances
• reveal profitability, and
• use tactical promotions
As well as being skilled in using our own Management Systems our auditors have the knowledge, skills and abilities to use other available systems out there that you may have already integrated into your business systems. Our skilled auditors can verify your data without requiring you to perform in-house audits.
We’ve learnt from experience that not only are no two businesses alike, but neither are any two sites within those businesses. Because of this, we provide a range of stocktaking services that can be customised to meet your unique needs.