Inventory: From Manual to Magical

Originally aired on November 5th, 2024

This podcast episode features an exciting announcement about the integration of Nomad Go’s innovative inventory management technology with PAR Technology’s Data Central platform. David Greshler, CEO of Nomad Go, and Paul Rubin, Chief Strategy Officer at PAR, discuss how their collaboration aims to revolutionize the restaurant industry’s approach to inventory counting. With Nomad Go’s solution, operators can count their inventory more efficiently and accurately using just an iPhone or iPad, significantly reducing the time and effort traditionally spent on manual counting. The conversation highlights the challenges faced during the integration process and emphasizes the importance of data integrity and reliability. Listeners will gain insights into the future of restaurant technology, the benefits of frequent inventory checks, and the impact of emerging technologies such as AI and augmented reality on the hospitality sector.

NOTES HERE

The latest discussion on the Tech Chef Podcast introduces a groundbreaking integration between Nomad Go and PAR Technology, aimed at revolutionizing inventory management in the restaurant industry. Host Skip Kimple is joined by industry luminaries David Greshler and Paul Rubin, who explore how Nomad Go’s innovative technology allows restaurant staff to conduct inventory counts with unprecedented ease and accuracy. By leveraging spatial AI and augmented reality, Nomad Go transforms the tedious task of inventory counting from laborious manual checks to a streamlined process that can be completed in a fraction of the time. With the ability to scan shelves with a simple device like an iPhone or iPad, restaurants can now gain valuable insights into their inventory, reducing waste and improving operational efficiency. This integration not only enhances the speed of inventory management but also empowers restaurant operators with data-driven insights, paving the way for smarter inventory practices and ultimately, greater profitability.

The conversation delves into the challenges that the restaurant industry faces regarding inventory management, particularly the labor-intensive nature of traditional counting methods. David Greshler emphasizes how Nomad Go’s solution eliminates the need for manual counting, providing an intuitive interface that combines AI with human verification to ensure accuracy. Paul Rubin adds that the integration between Nomad Go and PAR Data Central will allow operators to not only streamline their inventory processes but also to access predictive analytics that can help in understanding usage patterns and managing stock levels more effectively. This level of integration presents a significant opportunity for restaurants to enhance their operational capabilities and respond proactively to inventory challenges, ultimately leading to improved customer satisfaction and increased revenue.

As the episode progresses, Greshler and Rubin discuss the future of inventory management technology, hinting at developments that will allow for even more sophisticated inventory tracking and reporting. They emphasize the importance of adaptability in the face of changing industry demands, suggesting that the ability to quickly adjust inventory practices will be crucial as restaurants navigate ongoing challenges in the post-pandemic landscape. The episode concludes on a hopeful note, with both guests expressing their commitment to innovation and their eagerness to continue improving how restaurants approach inventory management, setting the stage for a new era of operational excellence in the hospitality sector.

Takeaways:

• The integration of Nomad Go with PAR Technology significantly simplifies the inventory counting process for restaurants.
• Using augmented reality and AI, Nomad Go enables users to count inventory with a simple scan.
• Both companies emphasize the importance of accuracy and time savings in inventory management for restaurants.
• Frequent inventory checks can lead to better management of food waste and theft detection.
• The partnership between Nomad Go and PAR Technology reflects a growing trend of technological collaboration in the restaurant industry.
• Customers can expect enhanced data insights and operational efficiency from the new integration.

Links referenced in this episode:

• gainadvisors.com
• nomadgo.com
• skipkimpel.com/
• magicgate.com

Companies mentioned in this episode:

• Growth Advisors International Network
• NomadCo
• PAR Technology Corporation
• Nomad Go
• PAR Data Central
• Brink

How To Contact Me

• Website: https://SkipKimpel.com (all archived shows and show notes will be posted here)
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What’s up next?

Next week we break out a new level of technology many of you may or many not be already familiar with.  Joining me will be John Cunningham who holds many titles including President of Virtualware, Founder of Spatial Synergy and Chief Operating Officer of the VR/AR Association.  We are going to be talking about the topic of using XR in the enterprise marketplace and how hospitality can benefit from these cutting edge technologies.  What is XR you might ask?  I’ll give you a hint; it stand for Extended Reality.  Search for the hashtag #wiredup on LinkedIn if you would like to get a heads up about this dynamic world of innovation.