Why Successful Bar Inventory Requires Both Tech and Expert Support

Why Successful Bar Inventory Requires Both Tech and Expert Support
- February 08, 2021 Written By: Krista Dinsmore

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Taking bar inventory can be time-consuming and frustrating. Yet most hospitality businesses are still using inefficient and ineffective manual spreadsheets to complete their bar inventory management. 

These manual spreadsheets typically lead to time-consuming processes, human error that impacts your entire inventory counts, and ineffective processes that lead to no real visibility into inventory costs.

That’s why many hospitality businesses are turning to bar inventory systems to enhance how they are managing inventory - yet even though these systems are a significant improvement, users still need expert advice to use them correctly.

With that in mind, this blog from Sculpture Hospitality will look at what a bar inventory management system actually is, how your bar can benefit from using this technology and why expert advice combined with technology is the key to any successful bar inventory management strategy.

What is a bar inventory management system?

A bar inventory management system is a software platform that is designed specifically to help your bar improve ordering, reduce bar shrinkage, record your inventory in real-time and provide insightful data that allows your bar to make more strategic inventory decisions in the future. 

By using automated technology to track your beverage inventory, a bar inventory management system provides your bar with the functionalities you need to perform precise counts and analyze the performance of your bar inventory processes.

A bar inventory management system helps you to increase cost savings and improve the profitability of your bar. 

What are the benefits of an inventory management system? 

There are a number of reasons why restaurant and bar owners will benefit from the investment into a bar inventory management system, here are a few of the key benefits.

Complete visibility into your inventory: It’s easy to lose money in your inventory, and that can take a significant dent into your bottom line. Inventory management systems give you clear visibility into where you are making poor inventory decisions - perhaps you are overordering, maybe your team members are overpouring or possibly bar shrinkage is a huge issue within your business. You’ll know exactly where missing inventory is when you use an inventory management system. 

Cost savings: Did you know that poor bar inventory control is actually one of the leading causes of lost money for bars and restaurants? Put a stop to those hidden costs by using an inventory management system to gain complete visibility and analytics into your inventory processes and decisions. 

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Improved efficiency through automation: Using manual spreadsheets is incredibly time-consuming, time that employees could be spent on higher-value tasks that help your business grow. Bar inventory management systems will automate these backend processes, allowing your team to focus on higher-value responsibilities. 

Improved ordering decisions: Bar inventory management systems remove human error from your inventory processes and give you clear visibility into your inventory. This allows your bar to optimize inventory orders so that you always have the right amount of product in stock.

Why bar inventory software must be combined with expert advice

A common mistake that many bar owners and managers make after the implementation of a bar inventory management system is relying on technology forums and customer support for help maximizing their ROI and optimizing their use of the technology. 

Unfortunately, many bar inventory management software providers have let this happen. 

To truly make the most of a beverage inventory management system, technology must be combined with expert advice - specialists who understand how the software works and what features will specifically help your bar grow.

That’s why Sculpture Hospitality stands out in the industry. Not only have we developed an innovative bar inventory management system, we also have a team of local industry experts to help you implement it successfully.

No matter where in the world you are based, our team of hospitality experts are on hand to offer your business in-person (or video during COVID) interaction and support to help you customize your bar inventory management system to suit your business’s unique budget and requirements.  Want to learn more about the benefits of bar inventory management systems and how Sculpture Hospitality’s team of locally-based industry experts can help? Contact us today. We would love to answer any questions that you may have.

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A Complete Buyer's Guide to Food & Beverage Inventory Management Systems

With around 25 to 35 percent of a restaurant’s operating budget dedicated to purchasing food (that’s not even taking into account beverage inventory costs for the bar), proper inventory management can significantly improve expected revenue.

To maximize profits you need to improve visibility and control over your restaurant or bar’s inventory. 

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