The Power Of Integration: Supercharge Invoice Management With Inventory Control with Plate IQ And COGS-Well
by Julia
An excellent way to gain even more value from your Plate IQ system is to add an inventory control system. An inventory control system that is designed to integrate with Plate IQ can utilize the inventory item detail that Plate IQ captures to provide you with features for added control, new insights, and increased time-savings.
Features for counting inventory, ordering, transfers, recipe costing, and menu modeling are in a good inventory control system. The system will determine your item usage and calculate your true cost of goods sold. With the addition of a point of sale interface, the system will determine your theoretical cost of sales, theoretical inventory usage, and provide menu item analysis.
COGS-Well is a Plate IQ valued partner who provides software for restaurant inventory control, menu management, and daily financial reporting. COGS-Well is architected to take advantage of the item detail data that Plate IQ captures from your invoices. COGS-Well is deeply integrated with Plate IQ via the Plate IQ APIs.
We decided to build an inventory system that leverages Plate IQ data
because the combination of our products enables us to offer an inventory management system to restaurant operators that is much faster to install and much easier to maintain. Bill Lindsey, Co-Founder, COGS-Well.
Fast, Easy, and Inexpensive Initial Setup:
Due to the deep integration between COGS-Well and Plate IQ, COGS-Well can automatically import your Plate IQ item database for a fast, easy, and inexpensive initial setup. Other inventory systems can take months to install and often have expensive installation fees. In a matter of days, however, you can be counting inventory and costing out recipes with COGS-Well.
“COGS-Well takes advantage of the digital invoice detail that we receive and store in Plate IQ. If COGS-Well’s mission is to make restaurant inventory control much faster and easier to implement, then it is a mission accomplished for COGS-Well”. Gerald Tipton, President, Lulu Buffet’s Lulu’s.
COGS-Well has great ideas about how to reduce the setup time for an inventory system. Because we had Plate IQ already, we were installed and taking inventory less than two weeks after we selected COGS-Well”. Noah Kopito, Director of Kitchen Operations, Mamahuhu.
Easy Ongoing Use of COGS-Well?
COGS-Well continually imports your Plate IQ invoices, along with the item detail. This eliminates the need for manual invoice entry. COGS-Well will also capture and alert you about any new or substitute inventory items. Any vendor packaging changes are handled automatically. These features make COGS-Well significantly easier to maintain than many other inventory systems.
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COGS-WELL – LEVERAGE YOUR PLATE IQ ITEM DATA
“It all starts with Plate IQ because digitizing invoice data saves time and
substantially lowers the error rate. COGS-Well leverages the Plate IQ inventory data and allows us to use it to increase our controls and to make better
informed decisions”. Will Strong, Senior Advisor, Andiamo! and 68 Degrees Kitchen.
“I used to have to maintain spreadsheets for all of our inventory items manually. Every month, before taking inventory, I had to search through paper invoices to update these spreadsheets before we could take ending inventory counts. With Plate IQ and COGS-Well, it is now all automated”. Nisha Manitkala, Manager of Verspertines and Destroyer restaurants.
What Products Does COGS-Well Offer?
COGS-Well provides comprehensive inventory control, menu management, and POS financial reporting. There are three product options: COGS, COGS+, and POS+. Below is a product and feature overview:
*Interfaces to Plate IQ, POS systems, and Accounting systems.
“COGS-Well is definitely faster to install and easier to maintain than our old system. Combined with Plate IQ, it works great”. Samuel Stanczack, LuLu’s Corporate Inventory, and Prep Manager.
“COGS-Well makes inventory SO much easier. The folks there are thinking about the problem from the restaurant owner’s point of view rather than just as a process problem. That way of thinking translates through to a big return on investment for us.” Will Strong, Senior Advisor, Andiamo! and 68 Degrees Kitchen.
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COGS-WELL – LEVERAGE YOUR PLATE IQ ITEM DATA
COGS-Well Customers:
COGS-Well’s products are suited for quick-service, fast-casual, and full-service restaurant operators. Their products also work well for both independent and chain restaurant companies. Almost all of COGS-Well’s customers use Plate IQ. Below is a partial list of COGS-Well customers:
The support COGS-Well has provided me has been excellent. The entire team is very dedicated to our success”. Noah Kopito, Director of Operations,
Mamahuhu.
Julia Julia is staff writer for The Counter, where he covers business, environment and culture.
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