CANADA- Software company and restaurant point of sale (POS) system developer has launched a new inventory management and labor management software solution for restaurants.
The inventory management software offers a very interactive platform for recipe and inventory management. It ensures more efficient inventory management and reduces food costs and waiting time.
The solution is intended to provide restaurants with better cost insights and broaden their optimization capabilities.
The new software management solution also includes a recipe costing tool and food prep forecasting that ensures optimum inventory levels and, by extension, increases margins.
The solutions are intended to help restaurants streamline their back-of-house operations, improving profitability and enhancing customer experience.
TouchBistro revealed the solutions were inspired by its 2024 State of Restaurants report, which highlighted that inventory costs are a significant financial burden for more than half of all restaurant operators, with food expenditures rising 41% in 2023/24.
According to the POS developer, the integration of the new tools with the company’s POS system is especially beneficial because it ensures that data flows into a centralized system, which allows for real-time, data-informed decision-making.
The labour management software complements the inventory management tool by offering a comprehensive scheduling and staff management system.
The company also revealed it integrates well with its POS system, enhancing employee-to-employee communication, simplifying scheduling and help to control labor costs.
It achieves efficient communication by managing scheduling from a central system, reducing the probability of missed shifts and miscommunication.
The labour management software also provides real-time updates through in-app messages, emails and SMS notifications.
Samir Zabaneh, TouchBistro’s Chairman and CEO, said, “TouchBistro’s acquisition of Peachworks allows us to better serve operators through one comprehensive tech stack.”
“We deeply understand the pain points of operators in today’s restaurant industry, and our new Labour Management and Inventory Management products are a major step forward in making data-backed decisions that help them keep costs down and run a sustainable business.”
The launch is part of the software company’s growth and expansion strategy, which is focused on solutions offered to restaurants.
It was announced barely a month after TouchBistro acquired Peachworks, another software company specializing in operational management systems. The strategy strives to make TouchBistro become the top all-in-one restaurant management software solutions provider.
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