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From Data to Decisions: How Modern Stocktaking Transforms Menu Pricing
The Era of Data-Driven Hospitality Gone are the days when a Dublin publican could set the price of a pint based on what the pub down the road was charging. In today’s volatile economic climate, pricing must be a science, not a guess. A modern Stocktake Company in Dublin does far more than count bottles; we generate the data that drives your most critical business decisions.
The Menu Pricing Trap Many businesses fail because they do not understand their true costs.
Example: You sell a burger for €16. You think it costs you €4 to make, giving you a healthy margin. But have you factored in the 20% increase in beef prices last month? The waste from the tomato ends? The cost of the new brioche bun?
Without regular food stocktaking, you are operating on historical costs, not current ones. You might be selling that burger at a loss without realizing it until the end of the month when the bank account looks empty.
How Stocktaking Dictates Pricing Strategy Hospitality Partners provides "Menu Engineering" reports. We analyse the profitability of every item you sell.
Stars: High profit, high popularity. (Keep these, maybe raise prices slightly).
Plowhorses: Low profit, high popularity. (These drive footfall, but you need to reduce the cost of ingredients to make money).
Puzzles: High profit, low popularity. (Why aren't these selling? Do they need a menu rewrite or a promotion?).
Dogs: Low profit, low popularity. (Kill these immediately. They are wasting stock and space).
Optimising the Supply Chain Stocktaking reveals the truth about your suppliers.
Price Creep: Suppliers often increase prices by small increments hoping you won't notice. Our systems flag every cent of variance. If a supplier hikes the price of milk by 5c, over a year that adds up. We empower you to call them out or switch suppliers.
Order Efficiency: Are you sitting on €10,000 of stock? That is cash that could be used for wages or marketing. Our "Days Sales of Inventory" (DSI) analysis helps you move to a "Just-in-Time" ordering model, freeing up cash flow.
The Role of Technology Hospitality Partners utilizes state-of-the-art inventory management software. We integrate with your EPOS system to provide seamless theoretical-to-actual comparisons.
Recipe Costing: We help you input accurate recipes into your system. If a cocktail requires 50ml of gin, and your staff are pouring 60ml, the software flags this 20% over-pour immediately.
Real-Time Reporting: You don't wait weeks for results. Our reports are available same-day, allowing you to address issues immediately.
Consultancy: Beyond the Count This is where our Consultancy service shines. We don't just dump data on your desk. We sit down with you and interpret it.
"Your Guinness yield is 92%; it should be 98%. You need to check your cellar cooling system."
"Your food waste on seafood is 15%. You should reduce the fish options on the menu or switch to frozen alternatives for chowder."
Conclusion In 2025, data is the most valuable asset a business owner has. By treating stocktaking as a data-gathering exercise rather than a chore, you unlock the ability to price your menu perfectly, negotiate better with suppliers, and maximize the return on every single item you sell. Hospitality Partners is your bridge between raw data and profitable decisions.
