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Does Your Hotel PMS Efficiently Help In Materials Management?

Managing the entire operations at a hotel with ease is a challenging task. For hoteliers and their staff it is vital to manage both front of the house and back of the house operations with equal importance. Back office activities like bar effectively optimizing stock, inventory control and vendor Management are quite important aspects of a hotel’s daily operations. However, manual handling of these critical parameters can lead to both inaccuracies and wastage of time. This is where a new age Hotel PMS with a materials management module can play a major role.

Materials Management Made Easy By IDS Next

Materials management module of IDS Next hotel management software simplifies inventory management to a large extent. Many critical operations like purchase of food and beverages, housekeeping items and their stock management and vendor management etc happen simultaneously in inventory. Keeping track of all these activities manually is a daunting job. And if not done appropriately it can lead to revenue leakage, wastage and theft. Materials management module of IDS Next hotel software helps track all these effectively. With this, users can predict demand and supply rate with great accuracy and reduces the chance of error. Besides all this, it also helps users in vendor management. In simple words, this module helps users handle both purchase management and store management quite effectively.

Key Functionalities

  • Multiple stores can be created for various stores. Also the system can handle main stores, sub-stores concept and transactions.
  • Store valuation can be defined with different industry standard methods like weighted average / last purchase price /FIFO
  • Allows purchase managers to analyze ABC/FSN reports
  • Engage in indent management and acquisition management
  • Authorization level control for purchase order/Purchaserequisition/Indents
  • Access item stock level and stock variance reports
  • Engage in vendor analysis and quotation maintenance
  • Auto generation of purchase requisition based on minimum,maximum and re-order levels
  • Attach scanned purchase order to the system
  • View average consumption per day, expected last days andbudget
  • Butchery management
  • Physical stock entry can be updated monthly. Auto updation of variance and physical stock variance report can be extractedfrom the system.

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This post first appeared on Hospitality Technology Solutions: What To Opt For?, please read the originial post: here

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Does Your Hotel PMS Efficiently Help In Materials Management?

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