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Hi, Im Jamie with Bar-i. In this video Im going to talk to you about the variety of liquor inventory systems which are available today. So, first would be the status quo, what we see most bars doing. At the end of the month, they count their inventory, value it, and use it to calculate their liquor cost for the month. There are a few problems with this approach, but the main problem is that you dont you detailed information which you can use to manage your business. One step of an improvement from here is developing in-house spreadsheets at a bar. These are often used to give a little bit more detailed performance information and these days we see alot of bars taking their inventory on a weekly basis. The main problem with this is that liquor cost still tends to mask problems amongst your changing product mix. Another option is to buy a third party hardware and software solution. Typically these start at around a few thousand dollars, and crucially allow you to look at the performa
