On-demand Hospitality Solutions -
Stock Control
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WHY CHOOSE
FOURTH?
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Fourth has
saved clients an average of
between 2% and 7% in both wages
and cost-of-sales
The system
enables the business to reduce,
manage and sustain KPI's
By using
Fourth, full compliance with
current legislation is adhered
to
Users find it
easy to learn and simple to use
The
application is built
specifically for the Hospitality
industry
The system
significantly reduces central
administration and managers
admin time
Fourth
provides complete on-demand
business intelligence &
reporting - one version of the
truth
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Stock control, recipe
and menu engineering and online ordering.
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Modules include: |
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Stock
Control
Recipe
and menu engineering
Promotions and brand
management
Events and production planning
Online ordering
Invoice management
Comprehensive management
reporting
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Stock Control
Allows detailed line-by-line
stock control, fully
integrated to menu engineering
and purchasing.
Provides...
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1. |
Line-by-line
reporting of actuals
Vs theoreticals
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2. |
Drill down reports
on stock variance
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3. |
Stock result
availability within
hours rather than
days, enabling timely
reaction
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4. |
Central control and
visibility throughout
entire estate
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5. |
Integration to
majority of EPOS
systems and property
management systems
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Recipe and menu engineering
Fully integrated recipe and
cost management allows you to
track daily actuals Vs
theorecticals including
detailed recipe costing.
Provides...
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1. |
Daily,
line-by-line sales mix
analysis with actuals
Vs theoreticals |
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2. |
Recipe costing,
batch recipes and
yield management |
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3. |
Unlimited levels
of recipe within
recipes |
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4. |
Detailed tracking
of current and
historical cost of
each dish |
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5. |
Full integration
with stock and
purchasing systems
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6. |
Recipe costing
based on actual
purchasing and stock
information
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Promotions and brand
management
Enforces and underpins all
supplier promotions and
special offers to ensure that
all units gain full advantage
while allowing head office to
maintain control.
Provides...
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1. |
Enforced centrally
negotiated promotions
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2. |
Access to
cost-effective
supplier offers
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3. |
Unit flexibility
within corporate
parameters |
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4. |
Ability to manage
products, recipes and
selling prices on a
brand-by-brand basis |
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Events
and production planning
Production planning for
central production facilities,
events and functions.
Provides...
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1. |
Integration with
central recipe costing
database
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2. |
Aggregating of
items for purchasing
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3. |
Up-to-date cost
and sales prices |
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4. |
Clear break down
of costs and
anticipated gross
profits |
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Online ordering
fnb manager requires that
the supplier provides an
electronic product and price
list which allows you to
control what is purchased at
all times. This leads to a
range of business benefits
meaning you save money while
increasing transparency across
your business estate.
Provides...
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1. |
Real-time
visibility and control
of spend
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2. |
Reduction in admin
overhead that releases
staff to front of
house
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3. |
Elimination of
maverick spending |
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4. |
Improved gross
margins |
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5. |
Total purchasing
compliance and
guaranteed rebates
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Invoice management
Reduces the error and cost of
invoice processing through the
automated checking and
matching of inbound invoices
against electronic purchase
orders and goods received
notes.
Provides...
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1. |
Reduction of
overhead in accounts
payable
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2. |
100% line checking
against contract price
to eliminate erroneous
pricing
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3. |
Accurate
visibility of invoice
commitment |
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4. |
Automated credit
note management to
further reduce costs
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5. |
Automated
integration with
accounts package to
eliminate re-keying
and errors |
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Comprehensive management
reporting
Both standard and tailored
reporting is available to meet
all needs.
Provides...
1.
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Real-time
visibility of all
spend commitments,
accruals and actual,
meaning there are no
holes in your
accounting
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2. |
Greater management
control of spend Vs
budget
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3.
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Vendor performance
reporting enabling you
to monitor whether
your vendors are
delivering against
promise |
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