Frequently Asked Questions
Foodival is an F&B procurement & inventory management system designed to build up the foundation of your business and expand your business potential through recording, handling and analyzing food cost.
Procurement in food and beverage businesses involves the process of purchasing the necessary products for daily operations. Through using FOODIVAL, you can reduce human errors and track the entire procurement process more effectively, from order placing, confirmation to delivery and record-keeping. Effective procurement management can help prevent excessive spending and minimize waste.
Foodival is designed to cater to a wide range of players in the food and beverage industry, including restaurants, manufacturers, retailers, service providers, distributors, and hospitality businesses, facilitating their procurement needs and enhancing their operational efficiency. Catering to your business needs and scales, FOODIVAL empowers you to create your own ecosystem which is perfect for your business model by securely connecting with different systems and platforms, such as POS, human resource management and accounting systems.
Based on their order history, sales history, and our AI-powered sales prediction, restaurants can prevent overordering ingredients by knowing precisely when and how much to order. All sales and purchases are synchronized with your inventory due to our platform's link with your POS and accounting system.
FOODIVAL offers effective cost control mechanisms for restaurants. It includes low inventory level alerts to ensure timely restocking, abnormal order alerts to prevent over-purchasing and food waste, and access to operational reports for comprehensive data analysis. These features enable management to identify sources of high food costs, adjust strategies, and increase profitability.
FOODIVAL also pays great attention to flexible integration and analysis of system data. FOODIVAL comes with approximately 30 built-in reports that showcase restaurant procurement and inventory management from multiple angles, including monthly reports for each outlet, purchase order summary reports, monthly inventory balance reports, shrinkage reports and more.