Track and analyze inventory levels, stock turnover, and ordering patterns to optimize inventory management and reduce costs while maintaining adequate stock levels for restaurant operations.
Report Objective
Monitor weekly inventory levels, identify stock shortages, analyze turnover rates by category, and track wastage costs to ensure optimal inventory management while maintaining service quality and controlling costs.
Inventory Levels and Par Stock Analysis
Track items below par level and total stock value trends
Questions to Consider:
How many items are currently below par level and is this trending up or down?
What is the total value of inventory on hand and how does it compare to target levels?
Are there specific categories consistently falling below par levels?
Are there consistent patterns in items falling below par?
What is the week-over-week trend in stock shortages?
Do shortages correlate with specific events or seasons?
Is the total inventory value within target range?
How does wastage correlate with total inventory levels?
Are there seasonal patterns in inventory value or waste?
Stock Turnover and Category Performance
Analyze inventory turnover rates and days of inventory by category
Questions to Consider:
Which categories have the highest and lowest turnover rates?
Are any categories showing excessive days of inventory?
How is working capital distributed across categories?
Which categories have the most efficient turnover?
Are any categories showing concerning inventory levels?
How does category performance align with storage capacity?
Ordering Patterns and Waste Management
Review emergency orders, supplier performance, and wastage costs
Questions to Consider:
Is there a trend in emergency orders that suggests par level adjustments?
How reliable are our suppliers in terms of on-time delivery?
What is the trend in wastage costs and what are the main contributors?
What is driving the need for emergency orders?
Are there patterns in timing of emergency orders?
How do emergency orders impact costs?
Is supplier performance meeting our standards?
Are there specific periods of poor performance?
How does supplier reliability affect our stock levels?