article thumbnail

Your Go-To Guide for Restaurant Inventory Management

7 Shifts

Both situations could have been prevented with proper restaurant inventory management, which gives restaurant operators better oversight over what's in stock and how it is used. Inventory Basics. The Best Restaurant Inventory Management Software. Inventory starts with counting.

Inventory 311
article thumbnail

Managing Inventory with Quality Data and Automation

Modern Restaurant Management

Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Inventory Automation. This approach has maximized savings by reducing waste and by right-sizing inventory.

Inventory 163
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Is Bar Inventory Software?

Sculpture Hospitality

Bar inventory is managing, counting and tracking liquor stock at your bar or restaurant. Taking inventory counts, and ongoing inventory management, can help you gain insight into the sales trends of different beverages so you can ensure that you always have enough stock on hand.

Inventory 113
article thumbnail

9 Ways to Improve Bar Inventory Control

Sculpture Hospitality

Bar inventory control is essential to successful bar management. proper inventory management , bars and restaurants can end up with too much inventory, which increases tied-up capital and the risk of waste, or too little inventory, which can result in lost profits.

2023 72
article thumbnail

5 Unexpected Ways to Control Supply Chain Costs in 2023

Speaker: Todd Simms and Andy Johnson

Join industry experts Todd Simms and Andy Johnson as they break down five budget line items that ballooned out of control in 2022 and strategies to control them in 2023.

article thumbnail

5 Signs You Might Have a Bar Inventory Problem

Krista Dinsmore

How are you managing your bar's inventory? No matter how in control you are of your bar's inventory, there's likely something you can do better

Article 160
article thumbnail

Restaurant and Bar Inventory: Tips For Managing Your Wine Inventory

Sculpture Hospitality

The amount of wine a restaurant or bar has on hand in their beverage inventory varies from one location to the next. Bar Inventory

Inventory 103
article thumbnail

Does A Bar Inventory Spreadsheet Work?

Sculpture Hospitality

Whether you’ve been researching bar inventory management systems for a while now, or are just starting out, the first option you’ll likely gravitate towards is a spreadsheet. Spreadsheets are an inexpensive and seemingly easy-to-use tool for managing your bar and restaurant inventory.

Inventory 122
article thumbnail

Bar Inventory Spreadsheet or Bar Inventory System: What’s Best?

Sculpture Hospitality

Counting, managing and successfully maintaining your bar inventory seems simple at first glance, yet many bars are using time-consuming, ineffective and inaccurate processes that lead to hidden costs and lost profits. Restaurant Operations Restaurant Inventory Bar Inventory

Inventory 101
article thumbnail

Restaurant Inventory Management Technology Improves Efficiency

Restaurant Technology Guys

Restaurants need the latest and most efficient restaurant inventory management tools to ensure a smooth business flow and stay completely stocked and informed. The post Restaurant Inventory Management Technology Improves Efficiency appeared first on Restaurant Technology Guys.

Inventory 125
article thumbnail

Restrictions Into Opportunities: How to Make Your Restaurant Succeed

Speaker: Patrick Cottrell and Joe English

Whether your state allows outdoor dining, takeout only, or a little bit of both, we're here to help. Join Patrick Cottrell and Joe English from Sculpture Hospitality, for a webinar on Jan. 26th, and get your restaurant to thrive in face of pandemic restrictions

article thumbnail

5 Tips for Pizza Restaurant Inventory Management

Sculpture Hospitality

Inventory makes up a significant portion of a pizza restaurant’s total expenses, next to rent, utilities and labor cost. Yet your inventory shouldn’t just be viewed as an expense, it’s an investment into the profitability of your business. Restaurant Inventory

Inventory 106
article thumbnail

What is a Bar / Beverage Inventory App?

Sculpture Hospitality

A bar inventory app is one of those tools and can be an incredibly effective way to manage your bar’s inventory. Bar InventoryRunning a bar or restaurant can be a seamless process, when you have the right tools to support you and your team.

Beverage 115
article thumbnail

How to Create a Bar Inventory Spreadsheet

Sculpture Hospitality

A bar inventory spreadsheet can be used to help you manage your bar's inventory and costs. While it’s not as effective as an inventory management system , with the right setup, you can keep track of stock levels, pricing, and other important information related to running a bar.

2023 66
article thumbnail

Liquor Inventory: How to Choose the Best Bar Inventory Software

Sculpture Hospitality

Taking bar inventory is time-consuming, tedious and probably one of the things you drop to the bottom of the to-do list. Bar InventoryLet’s not beat around the bush.

Inventory 123
article thumbnail

Dive Into Your Inventory Data (and Add Substantial Profits to Your Bottom Line)

Speaker: Ian Foster, Sculpture Hospitality Regional Director West Coast

In this seminar, Ian Foster will discuss the basics of inventory management, including tips on how to get inventory right and how to evaluate your food and pour costs. Ian will examine the best ordering practices from our clients. Finally, he’ll share some case studies showing how well designed inventory control can uncover hidden losses from over-pouring and lost sales that will result in several thousand dollars of extra profit every month.

article thumbnail

How to use Bar Inventory Software to Set Your Bar Inventory PAR Level

Sculpture Hospitality

In our previous blog, we discussed how to calculate your bar inventory usage through the use of a simple calculation and a bar inventory management system. Restaurant Inventory Bar Inventory

Inventory 124
article thumbnail

How to Manage Your Restaurant Inventory for Greater Profitability

Sculpture Hospitality

Your restaurant inventory is the backbone of your business. The stock you buy is an asset that directly impacts how profitable your business is, yet so many restaurants aren’t building inventory management strategies that protect those assets. Restaurant Inventory Bar Inventory

Inventory 131
article thumbnail

5 Common Causes Of Bar and Restaurant Inventory Shrinkage

Sculpture Hospitality

You will find restaurant and bar inventory shrinkage when you reconcile your inventory with your accounting records and find that you have less inventory on the shelves than your books say you should. Restaurant Inventory Bar Inventory

Inventory 119
article thumbnail

How Often Should You Perform Restaurant Inventory Counts?

Sculpture Hospitality

When it comes to restaurant inventory , there is often discussion about whether doing inventory weekly or monthly is better. While there are some businesses in different industries that may be able to do a monthly, or even annual inventory count, this is not recommended for restaurants.

Inventory 113
article thumbnail

Manual Vs. Computerized Restaurant Inventory: What’s Best?

Sculpture Hospitality

Taking restaurant inventory gives you better oversight over your food and beverage stock levels, helps forecast future demand and reduces food and beverage waste. In essence, well managed inventory makes your business more profitable. Restaurant Operations Restaurant Inventory

Inventory 113
article thumbnail

How to Pick the Best Bar Inventory Software

Sculpture Hospitality

Bar inventory software, known as a bar inventory management system , is a technology that integrates with your point-of-sale (POS) system to automate and centralize the processes associated with managing your bar inventory. Restaurant Inventory Bar Inventory

article thumbnail

5 Ways To Improve Your Restaurant’s Food Inventory Management

Sculpture Hospitality

Food inventory management is a critical part of your restaurant operations. Kitchen Management Restaurant InventoryIt helps reduce food loss and the associated increase in the cost of goods sold.

Inventory 111
article thumbnail

How To Reduce Inventory Shrinkage At Your Bar or Restaurant

Sculpture Hospitality

In our last blog, we talked about what inventory shrinkage is for bars and restaurants and the top five causes. If you have already read the blog, you know that inventory shrinkage happens when you have less inventory on the shelf than is recorded in your records.

Inventory 114
article thumbnail

7 Ways Your Bar Inventory Spreadsheet is Failing You

Sculpture Hospitality

Spreadsheets are a seemingly simple tool for managing bar inventory – they can be organized by storage locations, data is easy to enter, the software does the math for you, and you can quickly produce charts and graphs to aid in decision making. Restaurant Inventory Bar Inventory

Inventory 120
article thumbnail

How Much Inventory Should a Bar Carry?

Sculpture Hospitality

When operating a bar, one of your main inventory goals is to ensure you have the perfect amount of stock on hand at any given time. Too much or too little inventory can have a huge impact on your bottom line. Bar Inventory

article thumbnail

How To Improve Your Restaurant Inventory Management Strategy

Modern Restaurant Management

Controlling a restaurant kitchen’s inventory is a key to proper restaurant management and can help avoid wasting food and space. When it comes to your livelihood, any gaps in inventory are more than mere annoyances — they could be hurting your ability to make a profit.

Inventory 149
article thumbnail

Why Bar Inventory Management is Crucial to Post-Pandemic Success

Sculpture Hospitality

Restaurant Operations Restaurant Inventory Bar InventorySince the beginning of the COVID-19 pandemic, bar owners around the world have learnt a number of lessons about managing their businesses during challenging times.

Inventory 124
article thumbnail

The New Sculpture Hospitality Dashboard for Inventory Management

Sculpture Hospitality

Are you struggling to gain complete visibility and control over your restaurant or bar’s inventory ? Bar Management Restaurant Inventory Bar Inventory

Inventory 105
article thumbnail

How Much Inventory Should A Restaurant Carry?

Sculpture Hospitality

Restaurant InventoryThere’s nothing worse than having to eighty-six a popular menu item. Not only is it frustrating for chefs and kitchen managers, but it can also have a huge effect on customer satisfaction, leading to lost customers and negative reviews.

Inventory 102
article thumbnail

10 Benefits Of Using Bar Liquor Inventory Software

Sculpture Hospitality

Liquor inventory software can be a massive help if you own a bar. Bar InventoryIt can help you keep track of stock, manage orders, and even help with bookkeeping. All of these things not only improve your operational efficiencies, but increase your profit margins as well.

article thumbnail

The Problems with Managing Inventory in Spreadsheets

Hot Schedules

The Problems with Managing Inventory in Spreadsheets. U sing spreadsheets for hospitality inventory management is inaccurate, inefficient, and unwise. Learn how poor inventory management could be making operators crazy and hurting your business. All Posts Inventory Management

Inventory 110
article thumbnail

How Bar Inventory Management can Help Prevent Bar Theft

Sculpture Hospitality

Nobody wants to think that their employees are stealing from them, but it is an unfortunate reality at many restaurants and bars - thankfully bar inventory management can help prevent it. Bar Management Bar Inventory

Bar 122
article thumbnail

Why Restaurant Inventory Management is an Accounting Function

Restaurant365

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. Inventory’s place in restaurant accounting.

Inventory 124
article thumbnail

Save Inventory, Time and Labor Cost with IoT Monitoring

Modern Restaurant Management

This article will cover how implementing automation tools like IoT monitoring can save your business money, protect your inventory, and save time. As an operator, you’ll be able to catch failure early, protect your inventory and reduce time on tasks – which all help with margins.

Inventory 135
article thumbnail

5 Myths About Restaurant Inventory That Will Damage Your Profits

Sculpture Hospitality

Your restaurant inventory is your company’s investment into profitability. The better you manage your inventory and control costs, the higher your profit margins will be and the more success your restaurant will have. Restaurant Operations Restaurant Inventory

Inventory 111
article thumbnail

How to Minimize Liquor Inventory Loss Behind Your Bar

Sculpture Hospitality

Are you taking the proper measures to ensure your bar is looking after its liquor inventory ? Bar Inventory

Inventory 119
article thumbnail

5 Benefits of a Restaurant and Bar Inventory Management App

Sculpture Hospitality

In our blog, we’ve discussed in detail how using inventory management software to gain better visibility and control over your restaurant and bar inventory can significantly improve business profitability. Bar Inventory

Inventory 112
article thumbnail

Top 10 Restaurant Inventory Best Practices

Sculpture Hospitality

This means creating a menu that is profitable, reducing food and bar waste, as well as properly managing your orders and controlling the amount of inventory you hold at any one time. Restaurant Inventory

article thumbnail

What is a Restaurant Inventory App?

Sculpture Hospitality

One of the most important steps for improving your restaurant’s profits is implementing an inventory management program. Bar Inventory