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Stock Taking. Why Bother?

If there’s plenty of cash in the drawer that’s all that matters right? Well of course. Folk like your product, you can buy in plenty of stock, and sell it at a price that puts money in your [...]

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FOOD PROFITABILITY, FOOD WASTE AND THE 13.5% VAT INCREASE

It’s absolutely paramount that any food business knows their food gross percentage margin GP% at least once a month. But it’s even more important what action is taken with the result. It’s also [...]

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Purchasing & Procurement, Cost Saving and Supplier Negotiations

“Purchasing should be a proactive main management function” Irish Institute of Purchasing and Materials Management Dempsey O, (editor) (2005), Purchasing and the Commercial Environment, IIPMM [...]

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Stocktaking, Cost Saving and the 87/13 Rule

Stocktaking, when done correctly, and combined with purchasing and accounts payable can be a powerful tool for making strategic decisions in hospitality. It was noted from a Failte Ireland study [...]

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StockMan

We are pleased to announce the introduction of our own Profitwatch stocktaking software, “StockMan”. Stockman is the product of 20 years development with some of the best stock takers in the [...]

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Profitwatch – Part of the Age Friendly Energy Awareness Charter for County Monaghan

Look what just arrived ! Profitwatch is part of the Monaghan County Council age friendly charter offering independent advise for all your energy needs ( domestic & commercial). If you, or a [...]

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Irish Times – Food Waste vs Profit

Turning food waste into profit A restaurant loses €24,000 a year to food waste, a hotel €150,000 – so tackling it makes sense Irish householders throw away between €700 and €1,000 worth of food [...]