Fourth Procurement and Inventory

Fourth Procurement and Inventory

Fourth Procurement and Inventory

Overview

Reviews

Fourth is number one

10
It is used across the business for the purchasing and control of all food and beverage products. It helps address the issue of not …

Fourth

5
We still have some issues with the counting app, the app deletes anything from someone counting on a computer so you cannot do a …

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What is Fourth Procurement and Inventory?

Fourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Product Details

What is Fourth Procurement and Inventory?

Fourth's purchasing and inventory software ties together ordering, invoice processing, inventory management and recipe and menu management. It’s fully integrated and mobile friendly, and uses predicted sales functionality and robust analytics, allowing the user to forecast demand more accurately, to make better decisions.

Fourth Procurement and Inventory Features

  • Supported: Inventory Management
  • Supported: Purchasing
  • Supported: Invoicing

Fourth Procurement and Inventory Screenshots

Fourth Procurement and Inventory Video

Visit https://www.fourth.com/en-gb/resource/p2pi-video to watch Fourth Procurement and Inventory video.

Fourth Procurement and Inventory Downloadables

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Fourth Procurement and Inventory Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Mobile Web

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Frequently Asked Questions

What is Fourth Procurement and Inventory?

Fourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.

What is Fourth Procurement and Inventory's best feature?

Reviewers rate Support Rating highest, with a score of 7.4.

Who uses Fourth Procurement and Inventory?

The most common users of Fourth Procurement and Inventory are from Mid-size Companies and the Hospitality industry.

Reviews and Ratings

(5)

Ratings

Reviews

(1-4 of 5)
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Score 9 out of 10
Vetted Review
Verified User
Review Source

We use Fourth to procure & manage inventory for food & beverage and SPA.

The product is user friendly and robust which has given the flexibility to strengthen our internal controls without spending too much time. The stocktake has significantly reduced due to the capability of the system to set up locations & the use of mobile scanners to do the stocktake. The GL interface has automated the process and eliminated manual posting, thus reducing manual errors and increasing efficiency.


  • Custom reports: It is very easy to link the tables and extract the required reports. We use it to verify the data entered (e.g. report to verify if particular recipes have been pushed to all the properties, dates of the fiscal calendar, etc.), compile MIS reports, etc.
  • Procurement: Integration with Trade Simple has played a significant role in increasing the efficiency in terms of quality of data, receiving & processing of invoices, updating of prices, etc.
  • Wastage: it is very difficult to track waste and include it in the COS report. We do not have any provision to record wastage. The only option provided was to set up a new outlet and transfer the wastage. Ideally, there should be a functionality to record waste in the cost centre so that it becomes easy to track.
  • Brand Name: we do not have any report to extract information based on brand name. This will help when we need to compute the retros (discount provided by the vendor at the end of the year for reaching a certain turnover, etc.).

The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports.

It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.

The support has improved a lot. The team knows what they are doing and aims to provides resolution within 24hrs.
December 06, 2019

Fourth is number one

Score 10 out of 10
Vetted Review
Verified User
Review Source
It is used across the business for the purchasing and control of all food and beverage products. It helps address the issue of not achieving cost of sale targets as it contains all the necessary tools to control food and beverage to in turn maximise profits.
  • Links very well to the point of sale
  • Accurate and quick stock taking
  • Managing suppliers and products
  • Invoicing and cost price control
  • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
  • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
  • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
I've used other systems the past few years and every time I use Fourth again, it's so clear how brilliant it is for the hospitality industry. If you cannot provide the man power to maintain the system in your business it's not for you. The one issue with Fourth is if it gets messy and unorganised, it's difficult to clean up.
When I raise a case with Fourth, it's always answered within 24 hours.
December 04, 2019

Fourth

Score 5 out of 10
Vetted Review
Verified User
Review Source
We still have some issues with the counting app, the app deletes anything from someone counting on a computer so you cannot do a reconciliation. We need more help in setting up new EDI clients.
  • Locks down prices.
  • Staff find easier to use than competitor.
  • Can find staff that have used it before.
  • It can be difficult to understand or it can give false answers.
  • Batches are problematic.
  • Projects take too long.
  • Projects are very expensive.
We are always trying to find something better with each new project, but staff retention and other suppliers' bad experience have led us to feel best in not great bunch.
Too long to get an answer.
Score 8 out of 10
Vetted Review
Verified User
Review Source
The restaurant brand I work for uses Fourth across all of its sites to keep track of all inventory. What works well is its ability to keep track of all stock both in and out of the business.
  • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
  • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
  • I occasionally feel there are small glitches in the stock numbers during my stock takes, which more often than not will reflect the opposite the following week. i.e, -1 on an item one week, +1 the next.
  • When several users are using the system it can be slow and jittery.
We have weekly stock takes in my company, and Fourth makes everything straightforward in that you can easily and quickly reflect back on the previous week's inventories, transfers, and stock periods. The one time I experienced a system shutdown during a stock take, I contacted Fourth and was assisted in a fast and professional manner, with the person I spoke to personally following up on everything with me through my own personal email.
On the small number of times I have had to contact Fourth with an issue they have been swift and efficient in rectifying the problem. It always seemed personal and the same operator would always follow through with the issue until its conclusion.