How does bar inventory work?
Fundamentally, taking bar inventory is the process of counting everything you have in stock twice. Then you use those numbers to calculate how much product you used during that time, which is your inventory usage. That number, in turn, allows you to calculate a whole host of other useful metrics.
How do you calculate beverage inventory?
How do you calculate bar inventory? The easiest and most commonly used method for calculating bar inventory is to visually note how much liquid is in each bottle, separating it into tenths. Look at where the line of liquid stops and estimate how full the bottle is by tenths (half full=0.5, a third full (0.3), etc.).
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 measure liquor bottles for inventory?
The easiest (and most commonly used) counting method is to visually take note of how much liquid is in each bottle, separating it into tenths. Take a look at where the line of the liquor falls, and estimate if the bottle is half full (0.5), a third full (0.3), etc.
How do bars keep track of inventory?
The easiest (and most commonly used) counting method is to visually take note of how much liquid is in each bottle, separating it into tenths. Take a look at where the line of the liquor falls, and estimate if the bottle is half full (0.5), a third full (0.3), etc.
How often do bars do inventory?
Well-run bars are counting inventory at least every two weeks, and a weekly schedule is typically ideal in order to maximize benefits you receive from the inventory process. You can determine the right frequency for your bar based on the improvement youre seeing in your performance.
How do you count bottles?
We recommend counting bottles using the tenthing method. Inspect each bottle and note how much liquid is left inside, separating it visually into tenths. For example, round a bottle that is a third of the way full to 0.3, or 30% full. Repeat this for each bottle at the bar, including spirits, wine, bitters, etc.
How much inventory should a bar carry?
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.
How do you weigh liquor bottles for inventory?
Place a bottle on the scale and record the weight. Bottle weight - tare weight = fluid ounces in bottle. To calculate your usage for each bottle, subtract the ending weight data from the starting weight data. Its important to remember to keep track of new bottles that are added between the start and end.
How do you record bar sales?
Track total sales of alcoholic beverages over each inventory tracking time period. One way to automate tracking is to set your cash registers to tally liquor sales for a given period. Total all alcoholic beverage purchases made during the tracking period. Take an ending physical inventory and calculate its value.
