Food waste is one of the fastest-growing problems around the world. It is relatively a small issue as compared to others but the amount of food wasted is on a large scale. It is estimated that 1.3 billion tonnes of food are wasted globally, out of which 40 percent comes from restaurants and other food businesses.

According to the case studies held by Champions 123, investing money for reducing food waste at your restaurant can help them make more money.

Champions 123 reviewed 114 restaurants from 12 countries and they found that nearly every restaurant gets a positive return, with an average saving $7 for every $1 invested in preventing food waste at their restaurant’s kitchen.

The report also found:

In the first year, the restaurants reduced their kitchens food waste by 26 percent on average, and over 75 percent of restaurants recouped their investment. And in two years, 89 percent of restaurants recouped their investment.

Every site has its total investment below $20k.

The figure comes from small restaurants with annual sales of $400,000, all the way up to multi-million-dollar restaurants with annual sales of $17.3 million. The report explains the kinds of investments they did and how they benefited financially.

Source:  Champions 123: Business Case for Reducing

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Norway, Oslo: TotalCtrl, a leading food waste prevention company, today announced that Johan Forshällen will be joining TotalCtrl as an Advisory Board member. 

Johan will be joining TotalCtrl after selling his company, Smiling, a brand that offers quality organic & Fairtrade-labelled snacks products such as nuts, juices and snack bars, where he was Co-Founder from 2015 to 2019. Johan will be bringing his experience as a FMCG strategist from the food & beverages industry to help TotalCtrl scale. 

Additionally, Johan’s experiences that will benefit TotalCtrl moving forward include: 

  • Marketing Management 
  • Business Development 
  • Sales 

“Fun to be onboard and fun to see such a forward-looking company. It looks extremely promising and I look forward to an exciting journey,” says Johan Forshällen 

For more information on Johan Forshällen, visit his profile here 

About TotalCtrl: TotalCtrl is the world’s first cloud-based food waste prevention system. This company simplifies management of inventory and expiry dates. TotalCtrl helps clients in the food industry save time, money and prevent food waste by providing real-time data on inventory based on expiration date. Together with Johan Forshällen TotalCtrl will help the world prevent food waste faster. 

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Norway, Oslo: TotalCtrl, a leading food waste prevention company, has released a new product. TotalCtrl Restaurant is a real-time inventory and stock count solution that offers a new way for restaurants to save time and money on inventory while preventing food waste. 

Together with several restaurant chains in Norway, TotalCtrl has spent Q4 2019 developing what will be the most effective stock count and inventory solution for the restaurant industry. After researching opportunities in the HoReCa market, it was quickly revealed that there was a need for a solution that could give restaurants an overview of their inventory in real time to increase control over cost of goods and reduce time spent on inventory. 

To test the market, TotalCtrl launched a Welcome Campaign of € 39/month, and in less than 30 days, over 450 restaurants around the world had signed up for the TotalCtrl Restaurant app. In December, version 1 was released on the App Store and Google Play. TotalCtrl Restaurant currently has an average sign-up rate of 55 new restaurant customers a week. 

To ensure future customer value, TotalCtrl continues to develop new features and updates with experts and customers. 

For more information on TotalCtrl Restaurant, visit www.totalctrl.com/Restaurants. 

About TotalCtrl: TotalCtrl is the world’s first cloud-based food waste prevention system. This company simplifies management of inventory and expiry dates. TotalCtrl helps clients in the food industry save time, money and prevent food waste by providing real-time data on inventory based on expiration date. The advantage of this solution is that it is easy-to-use and inexpensive as it runs on the cloud. 

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Yes, it’s that time of the year again! No, we are not talking about the annual Christmas party or New Years, but the infamous physical inventory count! Hated by (almost) everyone but a necessary evil for the business. The time of the year where the entire inventory is counted manually and there are several reasons why we do this: 

  • For income tax reporting: many retailers are mandated by law to do this and have to report this in their tax forms. 
  • To minimize theft and loss: it’s important to keep track of inventory to spot losses or theft. If your inventory is disappearing but you can’t see that they are sold, then you need to take a look into it. 
  • To get rid of out of date products: if products are not being sold and will expire, you need to get rid of them. 
  • To evaluate specific items: if there are products that are not being sold at all, you need to evaluate if it is even necessary to have it in the store. 

 

Inventory counting is a time-consuming task and it can be costly if not done correctly. How much time spent is depending on how big the business is and how many people are involved in the counting. Some bigger businesses hire a third party to do the inventory for them to save time and money, while smaller ones do it themselves. But there are ways to make it easier and maybe even fun to do inventory count:

  • Plan: The business should be tidy and the counting products should be accessible for the staff to count. Give everyone tasks so that nothing is counted twice.
  • Train your staff: Show your employees that are partaking the inventory count how to do it and it has to be taken seriously. They need to know what to look for and what needs to be done, especially if there is any deviation. 
  • Use inventory software: To save time and money some tools and solutions can make the inventory count less time consuming and less manual. 
  • Make it fun: Yes, inventory counting may be boring, but there are ways to make it fun. Order in pizza (or anything else) to show your appreciation for the staff being there and maybe even throw an after-party when all the tasks are done. 
  • Do cycle counts: It is easier to spot theft or other reasons why products are disappearing when you do inventory count more often. The more often the staff does this, the easier and faster it will be when it is made into a routine.
  • FIFO: Implement the “first in, first out” principle when stocking and it will be easier to detect products that are expiring or have expired. 

 

These are just suggestions on how it could be done since there are no “right” ways to do this. Businesses vary from size and personnel and it is up to the managers to figure out the best way for their business. Hiring third party to do inventory is not for everyone either, because it depends on what you sell. Expensive and fragile products should be counted by qualified personnel that is trained to handle it. Although there are no right ways to do it, you can always show appreciation for the personnel by ordering food and drinks – we do work faster and more efficient when we are full and energized. 

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