How do I view my Hot Item Variance Report?
This article shows users how to locate and read their hot item variance.
Overview
The Hot Item Variance reports provides users the variance between consecutive, daily hot counts. Users may have up to three hot item inventory entries per day depending on your configuration.
If you see that sales or data are missing, you will need to:
Run UDT if POS is not cloud-based
Rerun sales on End of Day if POS is cloud-based
Both POS types would then run DL Updates.
View Report
Begin by navigating to:
Reports > Cost and Variance > Hot Item Variance
Select a Store.
Select a Date Range.
Select a Time Slot.
Click Apply.
Click on a Unit of Measurement to expand the side panel.
Click on an Arrow to expand each entry to view the breakdown.
The side panel will provide a breakdown of each ingredient's beginning and ending inventory, purchases, usage, and ideal metrics for each interval, including the variance as a percentage and dollar amount. The Total Variance will appear at the bottom.
The Calculation for Variance is:
Beginning Inventory + Purchases – Ending Inventory = Actual Usage
Actual Usage – Ideal Usage = Variance
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