Of all the cost components associated with back office functions, inventory carries the greatest risk to an operator’s long-term success. Inventories require cash to produce adequate stock levels, fixed assets to store them, and human capital to manage them. Even if a restaurant is enormously successful, bloated inventories could mean that cash is declining.

Some food and beverage applications add significant tasks to store managers and costs to owners, such as the management of reams of recipes and increasing the costs associated with system implementation and training. An inventory solution should simplify store-level processes and optimize inventories by providing the necessary information to maintain stock in a cost effective manner.

MyInventory was developed with those objectives in mind. The application enables managing inventories at either a single property or multiple locations, and is integrated within the browser based myMicros.net application.