In our day to day businesses we all have one goal; increasing our sales and increasing our profits. Many of us will do drink specials or wines of the month or beer of the day. All of these brilliant ideas are created to generate more sales, but do they actually generate and increase profits? In some instances they do and the answer is quite simple. With the same efforts put into the conception and marketing of our in house promotions, the savvy operators also realizes to protect their investment they must maximize the profitability of their raw product, in this case liquor, beer and wine. The simplest and easiest way to make sure that everything that leaves the cellar, poured from the bottles at the bar or pulled from the cooler is accounted for is by taking regular inventory counts and letting the employees of your company know that not only are you counting, but they will be held accountable for any of the potential losses that may have occurred during their work cycle. In the “old days” it was the pen and paper, but today, liquor, beer and wine inventory software management systems can be as simple as aim and press on the yellow button! In the end, the numbers don’t lie, if you can compute usage and can determine most if not all the product consumed was collected for in revenues, your profits can only be on the increase because the product your are purchasing is coming back to you in sales. If you feel that your sales are not in line with the potential revenues your liquor, beer and wine should be generating, you will need solid data to take the corrective actions that will help you increase profits.
Tags: audits, beverage cost, inventory managemnt, purchasing
