Revolutionising Inventory Management: Introducing Two PAR Level Ordering
Are you tired of the constant struggle to maintain optimal inventory levels while juggling fluctuating demands and special requirements? Keeping up with inventory levels amongst fluctuating demands and specific needs can be a challenge. To make things easier, our development team at Food Market Hub are pleased to present Two PAR Level Ordering. This innovative feature is designed to streamline inventory replenishment and provide store managers with unprecedented control.
What is a PAR Level?
PAR level, short for "Periodic Automatic Replacement" or also called “reorder point”, is the minimum quantity of a product that should be on hand at all times to ensure uninterrupted operations. In the context of F&B businesses, maintaining appropriate PAR levels is essential for ensuring consistent service and avoiding stockouts. Traditionally, businesses set a single PAR level based on average demand. However, this approach may not be sufficient for industries with fluctuating demand patterns, such as the restaurant industry.
Restaurants and Food Service Operators in Malaysia such as Ali, Muhtu and Ah Hock, Harold's Bakery Need Two PAR Levels
Many restaurants struggle with keeping all of their ingredients always in stock; outlets often under-order or over-order. In Malaysia's bustling restaurant scene, where demand can vary significantly from day to day, having a single PAR level may not be enough to meet the diverse needs of customers. That's where Two PAR Level Ordering comes in. A handful of our restaurant clients, including Pak Li Kopitiam, Ali Muthu Ah Hock, Cornery, and Harold's Bread, have voiced the need for two PAR levels. Why? Because they face varying demands, from regular weekdays to bustling weekends and holidays.
With Two PAR Level Ordering, restaurant owners and managers now can set different PAR levels for different days. By establishing one PAR level for regular days and another for peak periods, such as weekends or festive seasons, businesses can ensure that their inventory levels are always optimized to meet customer demand without the risk of overstocking or running out of essential items. This granular approach to inventory management not only enhances operational efficiency but also contributes to better customer satisfaction by ensuring that restaurants are well-prepared to handle even the busiest of days with ease and confidence.
Food Market Hub's Product Lead, Ikmal Suzaili explains:
“Our Two PAR Level Ordering feature is a direct response to a common request from our users, offering tailored solutions to their inventory management challenges. With the ability to set different PAR levels for regular and high-demand periods, we're helping restaurants in Malaysia minimise losses due to wastage and optimise their operations.”
How the two PAR Levels system transform the way our clients work
- Effortless Inventory Optimization
Say goodbye to manual calculations and stock level worries. Our platform automates the process, suggesting the appropriate quantity of products to order based on PAR levels. This ensures that you always have enough inventory on hand to meet customer demand without overstocking. With Food Market Hub, you can receive timely email notifications about products below the PAR level at your branch. Branch admins will be notified, and if none are available, the company admin will receive the notifications.
- Tailored Ordering Experience
Visualize PAR levels during the ordering process and customize orders to meet specific demands. Whether it's a typical weekday or a busy holiday, our platform ensures orders align with your unique requirements, reducing the risk of stockouts or excess inventory.
- Enhanced Efficiency and Accuracy
By providing clear visibility into PAR levels, our solution eliminates guesswork and minimizes the risk of overstocking or stockouts. Store managers can confidently place orders, knowing that they are aligning with both regular and special requirements. This not only enhances efficiency but also improves accuracy, ultimately leading to cost savings and improved customer satisfaction.
- Unprecedented Control and Flexibility
We understand that every business is unique, which is why our Two PAR Level Ordering feature offers unparalleled control and flexibility. Users can set two PAR levels for products in the system, with PAR level 1 for regular requirements and PAR level 2 for weekends, holidays, or other high-demand periods. Furthermore, PAR levels can be directly used to place orders. By clicking the filter "Below PAR level," users can view a list of products below PAR level and select them to place an order, streamlining the ordering process and ensuring timely replenishment. Whether you're managing a small retail store or a large warehouse operation, our platform adapts to your specific needs, ensuring seamless integration into your existing workflow.
Join the Future of Inventory Management
Join the countless businesses already reaping the benefits of our procurement and inventory management system. With Two PAR Level Ordering, we're revolutionising the way businesses manage their inventory, one order at a time. Say goodbye to inventory headaches and hello to a future of streamlined operations, increased efficiency, and unparalleled control.
Ready to experience the power of Two PAR Level Ordering for yourself? Contact us today to learn more about our procurement and inventory management solution and discover how we can help take your business to new heights.
