Bar Inventory Software
Frequently Asked Questions
How can bar inventory software help my establishment?
Implementing bar inventory software or a bar inventory control system into your establishment can greatly increase your bottom line profits. The average bar with little to no inventory control loses on average 20% of retail profits to their employees over-pouring drinks, giving away drinks, and pocketing money on cash sales. If you've never put in place a tight inventory control system, not all but some of your employees will take advantage and you will lose money. Bar inventory software is designed to help you efficiently track your product stock from the beginning to the end of an inventory period, allowing you to see your profit losses and help you make the adjustments needed to put an end to theft.
What features should good bar inventory software offer?
Although there are different kinds of bar inventory software and inventory systems on the market, all bar inventory software should show you product usage, costs, losses, and potential profits in it's calculations to give you the data points and information needed to make the correct decisions and changes needed to stop the losses. Bar inventory software should also be easy to use and accurate in it's calculations.
How can I know which bar inventory software is right for my business?
Knowing which bar inventory system is right for your establishment will depend on a few factors such as, how large your inventory stock is, how much time you or a trusted employee has to perform taking inventory, and the upfront costs associated with purchasing the bar inventory software. Because there are different types of functionality between different systems, it's important to first determine the above factors as a starting point to making a final decision.
There are so many different types and prices, how do I decide?
Bar inventory software or bar inventory control systems come in many different variations, from complex automated pouring systems, to scanners or handheld computer programs, to simple programs that are used on a laptop or back office computer. All of these variations of systems will give you different ways to take physical inventory like weighing your open bottles and tapped kegs, to doing the less accurate way of point counting. The price of a bar inventory system will ultimately depend on how complicated and how much hardware is needed to run the software. The key factors to deciding what bar inventory control system is right for your business, should be based on features, ease of use for your establishment's needs, and initial investment cost (or ongoing costs if paid monthly).
What is the difference between bar inventory software and POS software?
Most POS software program have some type of inventory functionality built-in, but that type of inventory tracking is usually very different from bar inventory software. Point of sale software inventory tracking is typically for making orders and calculated based on what your bartenders or waitstaff is ringing into the POs system. Bar inventory control software is made to track inventory usage and any employee that might steal from you should not have access to it to keep the numbers and calculations from being corrupted. Once your bar inventory software has calculated your true usage numbers, you can then compare that information to your actual POS sales and narrow down product theft.