subject: Bar Inventory Control Systems Yield 300% Roi For Bar Operators [print this page] Bars and restaurant are harnessing bar inventory control systems to decrease liquor costs and increase profits. Operators are achieving 300% ROIs.
Adoption of new technology in the bar business is typically somewhat slower than in other industries. Since many bars are independently owned, new technologies spread slowly. Following on from increasing industry acceptance of electronic POS systems, the next big thing in bars could be bar inventory control technologies. While many options have been in existence for some time, new developments present operators with an array of choices to suit any situation. Bar inventory control technologies can be broadly categorized into three types:
Full service bar inventory control systems: Before email and apps, astute bars used full service bar inventory control systems. A bar would hire a person to physically come to the bar and accurately audit performance. These systems proved extremely effective in reducing liquor inventory shrinkage. While these services are still valuable, self-service solutions have taken a bite out of sales as owners realize they can achieve the same results at significantly lower costs by doing using self-service systems.
Self-service bar inventory control systems: A number of companies now offer self-service systems which offer the same detailed performance tracking at lower cost since all the tasks are performed in house. The role of the liquor auditing company is simply to provide you with the software and hardware necessary to perform the calculations yourself. These systems can produce the same results, but the rate of success tends to be lower since clients are left to figure out technical elements like how to integrate sales data on their own. Cue hybrid bar inventory control systems.
Hybrid bar inventory control systems: You do the counting, professionals take care of POS integration, calculations and other implementation issues. The beauty of these systems is that they offer the best of both worlds: The lower costs associated with counting your liquor inventory yourself and the rate of success that professional involvement produces.
