In the constant challenge to increase bar profits, inventory management stands as the unsung hero. Yet many businesses owners and bar managers are failing to maximize their bar liquor inventory in a way that drives revenue opportunities.
Inventory management is a critical behind-the-scenes process that keeps operations smooth, costs in check, and customers happy. Yet for many, it’s a daunting task - but it doesn’t have to be. With the right tools and knowledge, mastering bar inventory becomes a breeze.
That’s why Sculpture Hospitality has created our brand-new guide, Bar Inventory 101: A How-To Guide.
This comprehensive guide demystifies the art of bar inventory, breaking it down into seven easy-to-follow steps. Whether you’re a novice just starting or an experienced bar manager looking to refresh your approach, this guide has something for everyone.
In this guide, you’ll find:
Signs That You Have a Bar Inventory Issue
Recognizing an issue is the first step to solving it. From running out of items and overstocking to inaccurate pour costs, our new 101 guide helps you identify the red flags that suggest your inventory process might be off track.
The Benefits of an Effective Bar Inventory Strategy
Running a bar can be difficult. The margins are razor thin, the industry is highly competitive, and staff are becoming increasingly more difficult to hire. It’s for this reason why increased importance should be placed on bar inventory management.
Everything your team does - from their pour habits, how they maintain stocked goods and how much they serve on a plate - will impact how profitable your business is. Bar liquor inventory management should be seen as an investment into the profitability of your business.
The better visibility and control you have over your inventory, the more profitable your business will be.
7 Steps to Successful Bar Inventory
To ensure that you have the know-how to manage your inventory, our guide includes 7 steps that are critical to successful bar inventory, including:
- Creating an inventory sheet
- Determining your inventory schedule
- Counting your products
- Calculating the value of your inventory
- Analyzing the results to find discrepancies
- Making adjustments to your orders
- Repeating the process
Our How-To Guide goes into more information about each of these topics, ensuring that your business has the knowledge it needs to turn what is often perceived as a stressful and tedious task into a profit-driver for your bar.
And So Much More!
Including…
- Bar inventory best practices
- How bar inventory management software will help your strategy
- The benefits of using bar inventory software
- Why you should combine technology and in-person help from an expert
- As well as answering some frequently asked bar inventory questions
Interested in learning more about how you can improve your bar inventory management process and, as a result, increase your company’s profitability? Find out how Sculpture Hospitality can help you implement more profitable bar inventory processes. Contact our team or download our new Bar Inventory 101: A How-To Guide.
