Liquor, beer and wine can represent substantial sales in your business and potentially lost profits. Not like your food items where a server places an order in the kitchen and waits for the meal to be prepared by a cook, alcohol is one area the bartender has control of the raw product, its service and collection of money. The only way you will be able to really maximize the profits your alcoholic beverages can generate is by performing regular inventory. But in the hospitality industry, taking inventory is often long, tedious and very inaccurate. You find yourself spending hours collecting meaningless data and the shrinkage that may exist in your business remains unchanged. Luckily, technology makes taking inventory somewhat glamorous? As we have learned from our retail friends, if you don’t count what’s on the shelf, you expose yourself to theft. They have for some time adapted inventory control software and bar code scanners to not only collect data but also help analyze the numbers by way of money saving reports and assist them in taking the proper corrective actions. We should learn from the retail industry and invest in liquor, beer and wine software technology because the profits are just too great to be just poured away. At the moment you put you and your company in a position where you can begin regular inventory of your most profitable items: liquor, beer and wine on a continuous basis, you will certainly see a change in your bottom line profits as they will have a tendency to rise and your purchases will remain the same if not decrease.
Tags: audits, cost control, inventory control, spot checks, wine inventory
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