It goes without saying that the restaurant industry has been hit extremely hard by the COVID-19 pandemic. Across the country, most bars and restaurants were forced to shut down for close to two months, causing revenue to disappear entirely during this time. Since reopening, lower capacity has ...
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The restaurant industry is no stranger to challenging circumstances. Even before having to navigate the current health pandemic, restaurant owners faced considerable obstacles to running a profitable business. Some of the most pressing issues they must address include:
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While counting bar inventory is a tedious task, it is very important. These counts provide you with a lot of important information that will help you run your bar at optimal levels of efficiency and profitability. In particular, your inventory efforts can significantly help you
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The benefits of using a sophisticated bar inventory system are very clear. These systems provide a much faster, more efficient process. In addition, when you use a system that provides the accurate data required of level 3 ...
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Everyone hates counting liquor inventory. It’s one of the most tedious aspects of running a bar. As a result, you should have an innate desire to complete this process as fast as possible without ...
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In the bar industry, the term shrinkage refers to the use of product or inventory without a matching sale. Many bars experience a much higher level of shrinkage than they realize, and this can significantly ...
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Compeat is one of the leading restaurant management software platforms available. It allows you to manage all aspects of your operations in one system, including accounting/payroll, sales data, scheduling and inventory. The timely, accurate data generated by this system allows you to more ...
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There’s no hard-and-fast rule regarding the ideal frequency of bar inventory counts. This must be determined by the unique needs of your bar and the goals you’re looking to achieve from the inventory process. That being said, if you want to
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If you’re considering upgrading your liquor inventory system, it’s important to do your research. Not all inventory systems are created equal. Some only provide basic functions, such as:
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If you’re considering upgrading your liquor inventory system, it’s important to first think about the goals you would like to achieve out of the inventory process. This will help you narrow down your options to focus on the solutions that address your specific goals.
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