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January 27, 2020
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.).
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- It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.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.
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.
December 16, 2019
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.
Fourth Procurement and Inventory Scorecard Summary
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.
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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 Pricing
- Does not have featureFree Trial Available?No
- Does not have featureFree or Freemium Version Available?No
- Has featurePremium Consulting/Integration Services Available?Yes
- Entry-level set up fee?No
Fourth Procurement and Inventory Support Options
| Paid Version | |
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| Forum/Community | |
| FAQ/Knowledgebase | |
| Social Media | |
| Video Tutorials / Webinar |
Fourth Procurement and Inventory Technical Details
| Deployment Types: | SaaS |
|---|---|
| Operating Systems: | Unspecified |
| Mobile Application: | Apple iOS, Mobile Web |