TracRite Software: State-of-the-Art Inventory Management for the Hospitality Industry

Jeff Hands, President, TracRite SoftwareJeff Hands, President
Founded in 1997, Canada-based TracRite Software stands to revamp the hospitality industry’s traditional and manual style of food and beverage inventory management with its flagship Optimum Control software. Hundreds of food and beverage providers throughout the U.S. and 60 other countries leverage this product to overcome the quandaries associated with recipe management, food cost determination, stock forecasting, inventory reporting, and many others. “Optimum Control has been designed from a restaurant operator’s standpoint. It knows what a chef wants or what the management requires to increase PROFITS,” says Jeff Hands, President at TracRite. Additionally, the software can produce more than 70 different types of compelling and detailed reports, from usage and purchase summary, item activity to budget variance, and all these are available in different formats, including Excel, PDF, and Word.

To serve clients better, TracRite Software continually adds new features and functionalities to Optimum Control—with client feedback in mind—rendering it suitable for diverse business environments. Optimum Control can be easily integrated with many popular POS systems, such as Aloha, SQUIRREL, SILVERWARE, and Micros to name a few as well as accounting systems, including QUICKBOOKS, Great Plains, and MAS 90 and suppliers like Sysco and USFoods.
Owing to such high levels of compatibility, TracRite Software’s clients do not need to entirely overhaul their existing infrastructure, which saves them lots of capital expenditure.

After integrating Optimum Control within their environment, users can streamline several functions, including recipe costing, prep calculation, ordering and purchasing. For example, understanding the cost of preparing a recipe and deciding the price of food items are the most critical aspect of any hospitality business, be it a restaurant or a bar. Determining food costs through manual calculation is almost like blind archery. It takes time, and often the set price fails to increase profitability. Also, the ingredient purchase cost for every recipe does not always remain the same. Utilizing the built-in food costing functions of the Optimum Control software, business owners can easily decide the best selling price of their menu items that will not reduce the number of customers or hamper the brand reputation for being over-priced. Also, caterers can employ this software to have a better understanding of what they should charge per person or what to buy for a particular event. This enables them to increase profitability while saving hours of time doing manual calculations. Additionally, leveraging this product, TracRite Software’s hospitality clients can do complete menu engineering, including menu items’ profitability and popularity analysis, calculation of nutrition as well as allergens, and printing of recipe books with proper method instruction.

In a nutshell, the Optimum Control software has become a one-stop-shop for every inventory management need of the hospitality business. Most importantly, being incredibly user-friendly, restaurant entities can make every employee acquainted with it after minimal training and can help them execute their everyday operation more seamlessly within stipulated timeframes.

Backed by the prowess of such a unique product, TracRite Software has gleaned a legion of clients across the globe. A couple of years ago, the company redesigned the entire platform to make it suitable for Windows 10 and other Microsoft tools. Currently, the company is working on adding more functionality to the web-based version of the software. Apart from this, TracRite Software will expand geographically by bolstering its presence in the markets of England and the United States with a focus on New York and California. “Over the past 22 years, our company has grown exponentially with new entities leveraging the Optimum Control software. In the next couple of years, the growth rate is going to be significantly higher, and the software will be more customer-centric,” Hands concludes.
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Company
TracRite Software

Headquarters
Manitoba, Canada

Management
Jeff Hands, President

Description
Founded in 1997, Canada-based TracRite Software stands to revamp the hospitality industry’s traditional and manual style of food and beverage inventory management with its flagship Optimum Control software. Hundreds of food and beverage providers throughout the U.S. and 60 other countries leverage this product to overcome the quandaries associated with recipe management, food cost determination, stock forecasting, inventory reporting, and many others. Additionally, the software can produce more than 70 different types of compelling and detailed reports, from usage and purchase summary, item activity to budget variance, and all these are available in different formats, including Excel, PDF, and Word.

TracRite Software
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