Cut company in the Alcohol Inventory in a few clicks

Aug 6th, 2022
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How to cut company in the Alcohol Inventory

4.7 out of 5
29 votes

[CASH REGISTER] Inventory sucks. Its long, tedious, painful. It can take hours upon hours. Wisk streamlines that process that what would otherwise take hours, now takes minutes. Wisk is really simple to use. Three easy steps. Step one, download the Wisk app and start performing inventory by scanning your bottles. If you really want to be precise about your inventory, you can use our bluetooth scale that connects directly to the Wisk app. Step two, place orders to all of your distributors directly through the mobile app. And step three, identify losses by integrating with your point of sale system. All you need to use Wisk is a mobile device. To get your hands on Wisk, you can download it from the app store or sign up on our website.

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How to take a liquor inventory Follow a consistent method. Set a dedicated time for inventory counting. Keep a record of inventory received since last count. Count inventory at the front bar. Use the tenthing counting method. Repeat inventory for back bar and storage. Calculate the final numbers.
How is restaurant and bar inventory usage calculated? Inventory usage is calculated with a fairly straightforward formula: Opening inventory + purchases received - closing inventory = inventory usage.
Creating reliable and consistent records is essential to figure out how frequently you will take inventory. Most bars and restaurants choose bi-weekly inventory counts or even monthly counts; however, if you have the available personnel, a weekly schedule would offer the best inventory results.
The inventory ratio that I recommend for optimal inventory is 15%. So if your sales were $75,000, you should have about $11,000 $11,500 of inventory on-hand. In this case, that would mean you would need to cut your inventory by about $3,500 $4,000, which is a big difference.
The ideal stock to sales ratio tends to be between 0.167 and 0.25 but for growing ecommerce businesses, the value can be higher to account for growing order volumes.
Tips for organizing bar inventory Place perishable items at the front. Avoid carrying too much stock. Make sure products always go in the same place. Use labels.
12 bottles = Inventory Usage Expressed in dollars, if the average bottle of liquor costs the bar $15, the inventory usage in dollars is (12 x $15) = $180. You can use this amount to determine how you should price your drinks based on what you want your profit margin to be.

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