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Restaurant bar inventory software solutions can dramatically improve your bar and restaurant. If you take inventory manually, you know that it can be an overwhelming and time-consuming process. However, there are numerous tech solutions that can simplify such tasks. Besides, there are a number of other benefits that will coincide with an inventory management system. But before we jump into those, let's define what we're talking about! Read on.
What Is Restaurant Bar Inventory Software?
Restaurant bar inventory software is a digital product that allows bars and restaurants to easily track inventory. More specifically, it’s the tool that keeps track of beer, wine, spirits, mixers, and so on. Just think of anything you might need for a bar to turn a profit–bar staff can track all those products within a restaurant bar inventory platform. Now, read on to discover five benefits of such a system.
Top 5 Benefits of Restaurant Bar Inventory Software
Once you invest in restaurant bar inventory software, you’ll quickly notice improvements in your business. Whether you need to improve operational efficiency or maximize profits (or both!), these tools might do the trick! See below for our five favorite benefits we notice amongst software users:
1. It Can Make Your Business More Profitable
There’s a likelihood that you’re overspending on beverage inventory if you don’t have a software solution to reference. For instance, opening a new bottle of wine for just one glass might be driving costs. Or, the cost percentage for particular recipes might not be profitable. These are just two of countless metrics that a restaurant bar inventory platform can display, showcasing ways to be more profitable.
2. It Helps You Save Time Taking Inventory
Manually taking inventory can take hours but a system will show you how to manage a bar inventory with ease! Meanwhile, this is time that can be spent elsewhere, like tending to customers. Or, your staff might even be able to clock out a bit earlier. When you’re able to quickly scan barcodes to update inventory levels, the time it takes to count bottles can be cut in half. Plus, automating the process helps to ensure accuracy.
3. Automating Inventory Tracking Reduces Work Overload
Bar and restaurant duties keep you busy and are not for the faint of heart. By adding manual inventory tracking to an employee’s workload, they'll immediately have a lot on their plate. But similarly to our point above, using a restaurant bar inventory software can eliminate work overload by reducing the time spent counting bottles and updating a spreadsheet.
4. Your Inventory Storage Stays Organized
By utilizing a restaurant bar inventory software solution, you’ll be able to quickly take inventory with a barcode scanning device. This system helps to organize your liquor storage cabinets or wine cellar. Not only can an organized space help reduce wait times, but it will lead to employee satisfaction.
5. It Ultimately Leads to Customer Satisfaction
When you have accurate numbers regarding the beverages you have available, you’ll know exactly when to place new orders. Therefore, you should always have everything available to serve all the drinks on your menu. As a result, customers will have a positive experience. It can leave a very negative impression when a server or bartender has to deny a customer a menu item. But when you’re always able to keep up with inventory levels, this issue is never a risk.
Frequently Asked Questions About Restaurant Bar Inventory
Are you still interested in learning more about restaurant bar inventory? If so, you’re in luck! Read on for a brief selection of frequently asked questions about the topic at hand.
What Are Some Companies That Offer Restaurant Bar Inventory Solutions?
BinWise stands as the industry’s leading restaurant bar inventory software provider. From small restaurant brands to hotel enterprises, our solutions allow businesses of all sizes to keep track of their stock, place new orders with ease, and maximize revenue.
How Often Should I Take Restaurant Bar Inventory?
If you run a busy establishment, you should take restaurant bar inventory daily. But if wine and spirits aren’t selling consistently, taking inventory weekly should be sufficient. It all depends on what your offer, your restaurant’s par levels, and so on.
How Can I Save Time While Taking Restaurant Bar Inventory?
The process of manually taking inventory can be very time-consuming. So, when you leverage a tool that practically automates the process, you can complete it in a fraction of the time it would originally take. For instance, counting bottles in a wine cellar can take hours. But if you have a barcode scanner that connects to your inventory tracking system, you can take inventory in as little as an hour.
Can Restaurant Bar Inventory Software Save Me Money?
Yes, restaurant bar inventory software can actually save you a lot of money. When you’re made aware of which beverages are selling and which ones are costing you money, you can readjust your menu. Plus, you can also reevaluate your spending habits when it comes to new purchase orders.
Is Restaurant Bar Inventory Software Expensive?
No, restaurant bar inventory software isn’t usually expensive. If a quote seems a bit steep to you, it’s important to remember just how much it can help you cut back on overspending.
Are You Ready to Reap the Benefits of Restaurant Bar Inventory Software?
Are you shopping for a restaurant bar inventory software that’s incredibly high level but extremely user-friendly? If so, BinWise should fit seamlessly into your business. From tracking drink sales to approving purchase orders, it ensures accurate data and eliminates hours of manual labor. If that sounds good to you, schedule a demo with us to learn more!