MICROS’s myinventory enterprise solution provides unit and corporate-level operators a comprehensive tools for the daily tasks associated with managing in-store and company-wide inventories. The myinventory application provides cumulative, daily, and ad hoc reporting related to ordering, receiving, waste, inventory counts, as well as and controlling the business processes of Vendor Bids, Ordering, Receiving, Invoice Approval & Reconciliation, and Inventory. Based on real-time menu item sales gathered from the point-of-sale (POS), the application calculates product usage and depletes values from stock on hand, waste, transfers, and actual inventory. Reports can be generated by item groups, items, vendor, cost center, and enterprise. Manage your inventory efficiently without the need for installation at the store level by using the myinventory web browser to quickly retrieve data and save your business money.