Phase 3 focuses on the setup of Inventory Templates and the taking, reviewing, and approving of Inventory Counts. In a periodic inventory system, performing accurate Inventory Counts is crucial to obtaining accurate Cost of Goods Sold.
Phase Goals
Inventory Count Template built for all Locations
Managers trained on how to perform inventory
Admin team understands the first count beginning balance process
Alignment with Accounting Processes, including creating the Fiscal versus Operational Calendar, when you should take counts, when all invoices should be approved for Item Costing, etc.
Establish DWM Tasks for Inventory
Timeline: 2-3 weeks
Advanced Topics
Take at least test count
Review the Actual vs Theoretical Analysis report
What is coming up in the next phase?
How to build recipes
POS Menu Item to Recipe Mapping
Menu Profitability Reports