Point counting inventory
In Bar Cop, you can point count your open liquor, wine, and tapped kegs. If you are concerned about theft, then we do not recommend point counting because the margin of error is too high to accurately determine if you have a theft problem.
What is point counting?
1) Point counting is also known as "weightless inventory", "eye-balling", or "tenthing". In the simplest explanation, it is estimating how much product is in a bottle by visually guessing where the product level is.
2) These guesses are calculated by points. An open bottle's point count range would be .01 through .99, so if a bottle looks half full it would be called a .5.
3) Point counting has a large margin of error because; bottle sizes, shapes, glass thickness, glass color, and product color all distort our visual ability to estimate the correct product level.
4) And yes, inventory apps that slide a bar up and down the image of a product until you stop at a spot on the bottle is still just guessing or point counting.
So should you point count or not?
It really depends on what you want to achieve with your inventory control. For an accurate inventory, we recommend weighing products and only point counting products that do not sell very often.
How to enter point counts:
Product point counts are entered in the "Current Inventory" section in each inventory location that you have setup. When point counting liquor products, you enter bottle point counts in the "Point Counts" column.
If you have multiple open bottles of the same product, you can list that product again in the same inventory location or you can create another inventory location for additional bottles. For example: If you have two speed wells at one inventory location and each speed well has duplicate products you can setup the inventory location to match the bottle layout of the speed wells or you can optionally create a separate inventory location for each speed well.Have any questions? Contact us.