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How to Encrypt Alcohol Inventory

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In this video, Dave Allred shares effective methods for counting open liquor bottles during bar inventory, highlighting both the best and worst approaches. He underscores the importance of accurate counts and cost percentages, emphasizing that incorrect methods can lead to significant discrepancies. With over 30 years in the industry and 11 years running his inventory business, Allred has extensive experience in helping bars optimize their inventory management. He aims to teach viewers how to achieve accurate readings when counting open bottles, outlining essential practices that can improve inventory processes.

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What is the importance of bar inventory?

Why is bar inventory important? Inventory is the lifeblood of your bar and poor management can be a killer. With too little inventory, your bar misses out on sales and tarnishes its reputation. On the other end, too much inventory is a major cost for your bar and creates the need for additional storage space.

How do I create a bar inventory spreadsheet?

How to Create a Bar Inventory Spreadsheet Step 1: Decide on the columns. The first step in creating a bar inventory spreadsheet is to decide what information you want to track. Step 2: Decide how you will maintain your information. Step 3: Input information. Step 4: Set up formulas. Step 5: Save and back up.

How often should you do liquor inventory?

How often should you do bar inventory? The most efficient bars and restaurants do bar inventory every 2 weeks. Some bars even do inventory weekly to maximize their benefits from the inventory process. You can determine the proper frequency for your bar based on its performance and size.

How do you organize a liquor store inventory?

Organize your liquor storage areas so every bottle has a designated place. You should group like-products together. Set up a shelf for your vodkas, a shelf for tequilas, a section for wines. Make sure that when liquor orders are delivered each new bottle of liquor, beer, and wine is put in the correct place.

How do you keep track of bar stock?

10 Habits for Better Bar Stock Control 1) Follow the First-In, First-Out rule. 2) Count inventory consistently. 3) Keep track of fluctuations in your stock. 4) But, be realistic about waste. 5) Be detail-oriented. 6) Double-check your work. 7) Mark upcoming holidays. 8) Optimize the type of alcohol you order.

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How do you keep track of alcohol inventory?

Liquor inventory can be taken by following these steps: Use a spreadsheet or inventory software. Start at the front bar. Record other places where you keep alcohol. Note how much liquid is in each bottle. Add up your totals.

How do you manage bar inventory?

How to manage a bar inventory Step 1: Determine what your bar needs on hand. Step 2: Reduce spoilage and unnecessary carrying costs. Step 3: Take inventory regularly. Step 4: Place orders on schedule and as needed. Step 5: Train staff to assist with inventory management. Step 6: Update inventory as deliveries come in.

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Encrypt Alcohol Inventory