CrunchTime
CrunchTime is an in-branch inventory management system that automates ordering and calculates accurate COGS. Implementing it reduced COGS by 9%, improving accuracy and efficiency.
Transforming Inventory Management
Implementing the CrunchTime Inventory Management System revolutionized the operations. Here’s a snapshot of the project and its impressive impact.
From Manual to Digital
We transitioned from manual stock tracking, ordering, and sales tracking to a tailored digital system, streamlining our inventory processes and generating COGs.
Precision in Recipe and SKU Importation
Verified and imported all company recipes with the head chef. Updated warehouse SKU descriptions for professional, accurate stock management and defined categories and GLs for better reporting outcomes.
System Configuration and POS Integration
Configured system settings to align with business requirements. Integrated the Aloha POS system for all recipes, resulting in precise COGS calculations.
Custom Reporting and Training
Developed custom reports for the Cost Controller, Finance, and Operations teams. Delivered a comprehensive 5-day training program for effective system usage throughout the kingdom.
Financial and Inventory Calendars
Established synchronized financial and inventory take calendars, ensuring accurate COGS calculations and seamless inventory management across the business.
Enhanced Cost Tracking
Achieved a 30% improvement in inventory accuracy and a 25% reduction in stock discrepancies. The vendors in the past could increase prices and it’d go unnoticed, with the implementation of the Costs and invoices input into the system, even the smallest of price increases is detected, leading to complete control of the purchase impact within the business as a whole.
Empowering People Through Systems
Before implementing CrunchTime, we had no systems in place for inventory management. This lack of structure made control and consistency a challenge. Introducing CrunchTime not only brought control to our business but also significantly advanced our team’s development.
Career Growth and Troubleshooting Skills
With the new system, our staff learned to troubleshoot their COGS within their stores. They gained valuable skills, understanding the direct impact of their actions through analytical reports. This knowledge was crucial for their professional growth, transforming them into more capable and informed team members.
The Impact of Analytical Insights
The ability to analyze reports empowered our staff to make better decisions, fostering a deeper understanding of inventory dynamics. This was a major step forward, creating a culture of continuous learning and improvement within our organization.
CrunchTime didn’t just streamline our processes—it empowered our people, driving both individual and business success.
The overall Impact
- 20% increase in operational efficiency
- 9% reduction in overall business-wide COGs
- 5% reduction in inventory costs
- 1300+ hours saved annually across the business.
- Significant time savings for the Finance Department, Operations, Supply chain & cost controller!
The CrunchTime system not only enhanced the inventory accuracy but also drove efficiency and cost savings across the board. This project underscored the transformative power of technology in inventory management, delivering measurable benefits and elevating our business operations.
Project Resources:
Training Introduction Video: Click Me!
Presentation Update: (Tap the screen to watch the animations and automatically advance to the next slides)
Training Material Document: