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Free Restaurant Inventory Template (Excel, Google Sheets, PDF)

Running a successful restaurant involves nailing down your inventory management, but getting your inventory up and running for the first time isn’t the easiest of tasks. This is why we’re sharing some helpful tips to help you make it a breeze, starting with our Free Restaurant Inventory Template (available on Excel & Google Sheets), and several easy-to-implement advice.

Get your free restaurant inventory template ⬇️

What you can do with our Restaurant Inventory Template

Keep track of your food business’s inventory, set and observe par levels, and order the right quantities to avoid both over-ordering (increase in wastage) and under-ordering (increase in shortage) with our template. Maintaining the right amount of ingredients in stock is both an art and a science and can be tricky to always get right. But that’s why we’re here 🙂

Within the template, you’ll be able to specify your items, their packages, category, base unit of measurement, cost, quantity in stock, stock value, par and minimum levels, and need-to-purchase quantities. You’ll also benefit from all the formulas required to count fast and accurately.

Supy’s inventory template includes Supy’s ultra-accurate item packaging configuration, which helps you count stock faster and more accurately by inputting items by their package type, rather than by their unit level. This means that Supy does the unit conversions for you. You can also use our sheet to count stock as a team by assigning a category or a side of your inventory to different team members, and let Supy do the math. You can further remove friction by opening this sheet on a mobile device to avoid pen & paper counting, which often leads to human error.

11 tips to run an a high-performance, profit-making inventory

Keeping your inventory up to date, reliable, and accurate is no easy task : it requires rigor, well-oiled processes, dedicated staff, and appropriate, friction-free tools (i.e. software). Sometimes, however, a hospitality business like yours may not be ready to invest in restaurant inventory software yet, and that’s ok !

Below are several best-practice techniques you can use in complementarity to our free sheet to get you started on running an accurate profit-making inventory !

  1. Record events as they happen
  2. Opt for digital solutions and leave paperwork behind
  3. Configure items & recipes accurately, from the start
  4. Set Par & Minimum levels
  5. Categorize your inventory
  6. Create costs & revenue centers
  7. Give clear user roles & permissions
  8. Conduct regular stock counts and spot checks
  9. Streamline purchasing processes
  10. Make time for reporting and investigation
  11. Hold employees accountable

1. Record events as they happen

Nothing goes into your inventory if you’re not recording it ! Yes, accuracy starts with recording your invoices, wastage, and depletion accurately every time you receive items you’ve ordered.

Despite this being a general-rule, numerous restaurants still struggle in keeping up, especially because of the friction that exists in registering invoices manually on paper, or because of the unfriendliness of the user experience in older Inventory Management Systems, where a difficult user experience leads teams to delaying recording the invoice (best case), or not record them at all (worst case).

To address this issue, opt for user-friendly software accessible to all team members. If you’re not ready to invest, there are several free tools available, including our own template. Equip your team with mobile devices such as smartphones or tablets, enabling them to record transactions on the go from their phones.

2. Opt for digital solutions, and leave paperwork behind

Counting stock on paper is a cumbersome and error-prone process that businesses should avoid at all costs. Firstly, the manual nature of paper-based stock counting leads to inefficiency and delays. The need to physically record and tally each item is time-consuming, hindering productivity and wasting valuable resources. Additionally, paper-based stock counting lacks real-time visibility and tracking, making it difficult to identify discrepancies or monitor stock levels accurately. In today’s technologically advanced world, embracing digital inventory management systems offers superior accuracy, speed, and efficiency, streamlining operations and enabling businesses to make data-driven decisions.

3. Configure items and recipes accurately, from the start

Building your inventory’s base accurately boosts your chances of maintaining its accuracy.

Configure your items by setting up their units of measurement, their storage location, and both par and minimum level per inventory. Specify the different packages they come in and which supplier supplies them, and at what cost. This enables you to get notified whenever there’s too much or too little of a specific item, and also enables you to count stock faster and more accurately.

Configure your recipes by clearly specifying the ingredients in easy-to-understand units of measurements. This ensures that your recipes are replicable accurately, and that your inventory is depleted to the dot whenever a sale or wastage occurs.

4. Set Par & Minimum levels

Establishing par and minimum levels in your inventory management is vital to keep your restaurant running smoothly. Par levels help you strike the right balance between having enough stock to meet customer demand without excessive overstocking. On the other hand, minimum levels act as a safety net, ensuring you never run out of critical ingredients or supplies. These levels indicate the minimum quantity of an item that should be maintained in your inventory at all times.

Strategically setting par and minimum levels enables you to optimize inventory management, reduce waste, and control costs. You can avoid tying up excessive capital in excess inventory while minimizing the risk of stockouts that can impact customer satisfaction.

5. Categorize your inventory

Organizing your inventory into categories such as food, beverages, perishables, and supplies offers numerous advantages. Firstly, it simplifies the tracking of items, allowing you to quickly locate specific products and maintain accurate stock records. By categorizing items based on their nature, you can easily identify fast-moving products, anticipate demand, and ensure that popular items are always well-stocked. Similarly, categorization helps identify slow-moving products, enabling you to take appropriate actions like offering promotions or adjusting purchasing quantities. Additionally, organizing inventory into categories enhances your ability to plan for restocking, ensuring that essential items are replenished in a timely manner while minimizing the risk of overstocking. This systematic approach streamlines operations, optimizes inventory management, and ultimately leads to improved efficiency and customer satisfaction.

6. Create cost and revenue centers

Separating your inventories within a single location, such as a bar inventory and a kitchen inventory, is important for effective inventory management. Here’s why it matters :

Cost tracking: By creating separate inventories (or cost centers), you can track expenses accurately for specific areas of your restaurant. Whether it’s the kitchen, bar, dining area, or other departments, having distinct cost centers allows you to monitor and analyze the costs and profitability associated with each one. This insight enables you to make informed decisions and identify areas for improvement.

Inventory and variance control: Maintaining separate inventories for each area enables better control and tracking of stock levels. You can assign designated staff members to oversee each inventory, ensuring proper management, timely restocking, and reducing the risk of shortages. This level of control helps prevent both overstocking and understocking, resulting in smoother operations and enhanced customer service.

Feel free to make copies of our free template and assign a copy to each of your inventories.

7. Give clear user roles and permissions

The number one reason for wastage is over-ordering, which often happens due to a lack of user control, and a buying decision process based on intuition rather than on data. Attribute clear user roles to everyone in your team. Provide rights such as “drafting an order” and “sending an order” early on, and decide who should be given the right to send the Purchase Order, varying from your sous chef, to your chef, or procurement manager or cost controller.

8. Conduct regular stock counts and spot checks

Variance is calculated by comparing your theoretical stock value to your actual stock value. If the actual value is higher, then you may have not recorded for items accurately, and should perhaps check if your employees are recording the invoices correctly. If the actual value is lower, then you have a serious discrepancy to look into, from theft to unrecorded wastage. And the best way to find out that there is a discrepancy and to take action is to count your stock as regularly as you possibly can.

9. Streamline purchasing processes

Establish relationships with reliable suppliers to ensure timely and consistent deliveries. Regularly review and evaluate your suppliers for quality, reliability, and cost-effectiveness. Furthermore, recording your invoices regularly and accurately ensures clean, accurate supplier performance data that enables you to see which supplier is best to do business with. Another reason to stay on top of your invoices ! Measure savings per suppliers, quantities bought per supplier, and negotiate better deals.

10. Make time for reporting and investigation

Regular reporting allows you to gain insights into your inventory performance and make data-driven decisions. By analyzing reports, you can identify trends, patterns, and areas that require improvement. Reports can provide valuable information on inventory turnover, stock levels, and sales trends. Allocating dedicated time for reporting ensures that you have a comprehensive understanding of your inventory status, enabling you to optimize ordering, reduce costs, and improve overall efficiency.

Allowing time for investigation is crucial when discrepancies or issues arise in your inventory. Whether it’s inventory shrinkage, stock variances, or unexpected changes in inventory levels, investigating the root causes is essential. By conducting thorough investigations, you can identify potential errors, inaccuracies, or even instances of theft. This enables you to take corrective actions, implement preventive measures, and maintain the integrity of your inventory management system.

11. Hold employees accountable

Holding employees accountable ensures accuracy, compliance, and continuous improvement. By establishing clear expectations, monitoring performance, and providing feedback, you foster a sense of responsibility and ownership. Accountable employees are more likely to follow established procedures,
accurately record inventory data, and promptly report any issues. This accountability promotes reliable inventory information, minimizes errors, and enhances overall operational efficiency.


Keeping your food inventory accurate, reliable, and up to date, is no easy feat, however there are some techniques you can practice to stay on top of this crucial task.

  1. Record events as they happen to avoid delaying and forgetting. Leverage mobile-friendly solutions.

  2. Opt for digital solutions and leave paperwork behind. Paperwork tends to increase the risks of human errors, and reduces productivity significantly.

  3. Set a high standard of accuracy for your inventory from the start, by configuring your items and recipes accurately.

  4. Establishing par and minimum levels in inventory management is vital for a smoothly running restaurant. Par levels strike a balance between customer demand and overstocking, while minimum levels ensure critical supplies are always available. By strategically setting these levels, restaurants optimize inventory, reduce waste, and control costs.

  5. Categorize your inventory to better monitor the performance on a per-category level, giving you more granular control over your inventory.

  6. Separating inventories for the bar and kitchen within a single location improves organization, efficiency, and control.

  7. Assign clear user permissions within your team to establish greater control and accountability.

  8. Perform regular stock counts to update your inventory’s content as regularly as possible in order to identify discrepancies and address them before they get repeated.

  9. Streamline your purchasing processes to ensure timely and consistent deliveries.

  10. Dedicate time for reporting and investigation, as it provides insights into the performance of your inventory and frees some time to take data-driven decisions.

  11. Holding employees accountable fosters responsibility, accuracy, and compliance, leading to reliable inventory information and improved operational efficiency.

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