Welcome

Introducing

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Managing the Money on your $helve$

DISCOVER HOW TO IMPROVE YOUR INVENTORY EFFI¢IEN¢IES

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Objectives

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PLANNING YOUR NEXT MEAL – BROUGHT TO YOU BY, CN DIRECTOR IN KENTUCKY…

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1,2,3,4

The Process

Maintain Perpetual

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(FIFO) First In First Out

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This method is the true inventory valuation

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Credit to SC Digest.com

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The Process

Reduce On hand Inventory

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The Process

Count Everything

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Do you notice the similarities?

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In the Eye of the Beholder

Typical pallet received at a warehouse

Would you treat this pallet differently than a pallet of rice?

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Where is Inventory Found?

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Where is Inventory Found?

Store Room Cooler Freezer

Baking Area Cooking Area

Warehouse Dish Room

Under the Serving Line Cashier Stands

Cleaning Closet Condiment Station

Commodity StorageNJ-SNA

Neat and Orderly Storage Areas

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Evaluate Inventory Efficiency

Evaluate Inventory Efficiency

Improper Fractions

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Evaluate Inventory Efficiency

Verify Received Against Order

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Evaluate Inventory Efficiency

Receiving Temperatures

Damaged Items Guessing weight

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Evaluate Inventory Efficiency

Proper Valuation

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Commodity Valuation, FMV, Shipping, Storage & Processing Fee

Formulate an Action Plan

There’s Always Room for Improvement

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Formulate an Action Plan

•Evaluate Inventory Access•Spot Check Inventory•Shadow during Inventory•Waste Report/Spoilage Report•Use a Scale

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Formulate an Action Plan

•Double check Deliveries• Production Pull•Invoice Reconciliation•Use Correct Valuations•Use the Best Size and Value for Production•Review your Line Service

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Formulate an Action Plan

Revenue•Charge Policy•Claiming•Cash Flow•Expensive Products•Track Invoice Credits

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Additional Thoughts

•Inventory Turnover• Inventory as Percentage of Revenue•Inventory Aging Report

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Credit to American Bar.org

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Inventory 1/15/2016

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Lets Get Started

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Don’t Hesitate

Get STARTED

Thank You

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