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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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Learn from top reviewers

Leading Inventory Management System

Rating: 9 out of 10
January 27, 2020
IncentivizedVetted ReviewVerified User
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 inter...
Continue reading
Naga Vasiraju
Analyst - Finance and Accounting
F&B Data Analyst / Database Manager
Radisson Edwardian Hotels London
Fourth Procurement and Inventory5 years of experience

Fourth Procurement from the view of a restaurant professional

Rating: 8 out of 10
December 16, 2019
IncentivizedVetted ReviewVerified User
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 o...
Continue reading
Verified user
Professional
Fourth Procurement and Inventory4 years of experience

Fourth is number one

Rating: 10 out of 10
December 6, 2019
IncentivizedVetted ReviewVerified User
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 contain...
Continue reading
Martin McHugh
Manager - Finance and Accounting
Group F&B Manager
Goodman Restaurants
Fourth Procurement and Inventory6 years of experience

Fourth

Rating: 5 out of 10
December 4, 2019
IncentivizedVetted ReviewVerified User
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 u...
Continue reading
Sarah Winter
Board Member - Finance and Accounting
Finance Director
Ibérica Restaurants
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Pricing

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Fourth Procurement and Inventory

Fourth Procurement and Inventory

N/A
Unavailable

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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Alternatives Pricing

SAP S/4HANA Cloud

SAP S/4HANA Cloud

N/A
Unavailable
What is SAP S/4HANA Cloud?

SAP S/4HANA Cloud is a modular cloud ERP. Embedded with AI and analytics, it helps business run anywhere, in real time. SAP S/4HANA Cloud can be deployed either on premise, in the cloud, or in a hybrid combination.

QuickBooks Desktop Enterprise

QuickBooks Desktop Enterprise

$1,261
per year
What is QuickBooks Desktop Enterprise?

QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999…

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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

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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 Competitors

Fourth Procurement and Inventory Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple 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.

The most common users of Fourth Procurement and Inventory are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(6)

Reviews

(1-4 of 4)
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Leading Inventory Management System

Rating: 9 out of 10
Incentivized
January 27, 2020
NV
Naga Vasiraju
F&B Data Analyst / Database Manager
Radisson Edwardian Hotels London (Hospitality, 1001-5000 employees)
Vetted Review
Verified User
Fourth Procurement and Inventory
5 years of experience
Use Cases and Deployment Scope

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.


Pros and Cons
  • 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.
Likelihood to Recommend

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.

Return on Investment
  • 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.
Support Rating
9
The support has improved a lot. The team knows what they are doing and aims to provides resolution within 24hrs.

Fourth Procurement from the view of a restaurant professional

Rating: 8 out of 10
Incentivized
December 16, 2019
Verified User
Vetted Review
Verified User
Fourth Procurement and Inventory
4 years of experience
Use Cases and Deployment Scope
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.
Pros and Cons
  • 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.
Likelihood to Recommend
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.
Return on Investment
  • 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.
Support Rating
9
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.

Fourth is number one

Rating: 10 out of 10
Incentivized
December 06, 2019
MM
Martin McHugh
Group F&B Manager
Goodman Restaurants (Restaurants, 51-200 employees)
Vetted Review
Verified User
Fourth Procurement and Inventory
6 years of experience
Use Cases and Deployment Scope
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.
Pros and Cons
  • Links very well to the point of sale
  • Accurate and quick stock taking
  • Managing suppliers and products
  • Invoicing and cost price control
Likelihood to Recommend
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.
Return on Investment
  • 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.
Support Rating
10
When I raise a case with Fourth, it's always answered within 24 hours.
Other Software Used

Fourth

Rating: 5 out of 10
Incentivized
December 04, 2019
SW
Sarah Winter
Finance Director
Ibérica Restaurants (Hospitality, 201-500 employees)
Vetted Review
Verified User
View profile
Use Cases and Deployment Scope
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.
Pros and Cons
  • Locks down prices.
  • Staff find easier to use than competitor.
  • Can find staff that have used it before.
Likelihood to Recommend
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.
Support Rating
4
Too long to get an answer.
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