Product Showcase: Fourth’s Inventory and Procurement Solution Provides Process Efficiency and Excellent ROI
Fourth’s end-to-end, mobile-enabled procurement, inventory, and supply chain management platform for hotels and resorts, formerly known as Adaco, drives efficiencies across full-service organizations, including food and beverage, consumables, housekeeping, engineering, and other hotel purchasing functions. Built for hospitality, Fourth Inventory and Procurement makes it easy for operators to manage inventory costs and purchasing processes while ensuring compliance through workflow budgeting approvals to simplify back-office operations, increase margins and provide a better customer experience.
Through cutting-edge automation, Fourth guarantees hotel brands have the right products in the right place at the right price and time, allowing management to operate at maximum efficiency and focus on superior hospitality for every guest. Its inventory management, purchasing, invoicing and recipe engineering capabilities provide operators with the tools needed to count and order inventory from their mobile device, match invoices, and create profitable menu items with accurate nutritional information at the touch of a button, saving businesses money, time and unnecessary frustration.
With complete back-office integration including POS, menu publishing, accounting, and other proprietary systems, management can leverage the solution to reduce labor and food waste costs, plan with assisted ordering and recipe management, harness centralized purchasing power, and mitigate errors to provide the most coherent and productive operating system while delivering the best guest experience. Further, the Fourth solution includes an analytics module that provides management with meaningful data organized into intuitive and easy-to-read dashboards along with full visibility at both the property level and the entire organization.
Trusted by leading hotel brands for over 30 years, the solution has successfully streamlined purchasing, accounts payable, inventory, and recipe engineering functions for more than 500 customers worldwide. Fourth provides inventory and workforce management solutions for hospitality, restaurant and retail brands with a portfolio that includes HotSchedules, Adaco and the Manager’s Redbook.
Software at-a-glance:
- Inventory Management - Adaco seamlessly integrates with POS systems and allows management to access on-hand inventory across locations at any given time, reducing costs and improving efficiency. With its mobile counting app, employees can count inventory in real-time and offline. Its inventory management solution also allows management to reduce waste by 1-3% through full accountability across entire inventories.
- Purchasing - With Adaco’s purchasing capabilities, management can use mobile apps to streamline ordering and access smart procurement analytics, including predictive ordering, designed to help save time and money.
- Invoicing & 3-Way Invoice Matching - Adaco automates the 3-way matching of invoices, electronic purchase orders, and goods-received notes, reducing errors and saving money, time and paper by using mobile devices to receive goods at the delivery door and through PDF invoicing.
- Recipe & Menu Engineering - Removing the guesswork around menu engineering, Adaco provides analysis and pricing with accurate cost calculations for recipes and menu cycles, allowing kitchens to create innovative dishes while fully understanding their profitability.
- Nutrition & Menu Publishing - Adaco automatically calculates the nutritional value and allergen information of recipes, making it easy for operators to accurately label dishes with every menu change at the touch of a button.
