Leading Inventory Management System
We use Fourth to procure & manage inventory for food & beverage and SPA.
The product is user friendly and robust which has given the …
Fourth Procurement and Inventory
Fourth Procurement and Inventory
Fourth Procurement and Inventory
Overview
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...
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Pricing
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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
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- Competitors
- Tech Details
- Downloadables
- FAQs
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 Competitors
Fourth Procurement and Inventory Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Mobile Web |
Fourth Procurement and Inventory Downloadables
Frequently Asked Questions
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.
Compeat, with Ctuit Radar, CrunchTime!, and Restaurant365 are common alternatives for Fourth Procurement and Inventory.
Reviewers rate Support Rating highest, with a score of 7.5.
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Reviews and Ratings
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January 27, 2020
Leading Inventory Management System
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.).
- Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
- Integration: GL Integrations have increased the efficiency and quality of data.
December 16, 2019
Fourth Procurement from the view of a restaurant professional
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 certainly has an easy-to-use interface that becomes quickly more familiar the more you use.
- With the quick options for me to see the state of my stock at any given time, Fourth has helped me in making decisions on when is necessary on buying more stock.
December 06, 2019
Fourth is number one
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.
- In doing weekly accurate stock takes it helps identify issues, action them and ensure we hit cost of sale targets.
- Month end reporting is difficult for any hospitality group, having an accurate system with all the spend on food and drink helps our finance team turn around the P&Ls so much faster.
December 04, 2019
Fourth
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.