Is your current liquor store inventory management system really working?
Effective inventory management is key to customer satisfaction, boosting sales, and accurate reporting — but keeping track of all those bottles is no easy task without the right tools.
This blog will discuss five signs that you need liquor inventory software. Plus, we’ll share some features to look for on your journey to finding the perfect software for your liquor store.
1. You Carry a Wide Range of Spirits
The more diverse your liquor store’s inventory is, the more complex inventory management becomes. If your store stocks a wide selection of everything from tequilas and bourbons to beers and mixers, you need liquor inventory software.
Keeping track of inventory using manual methods takes up valuable hours in your day, and counting bottles by hand can result in incorrect inventory counts, stockouts, and inaccurate sales reports.
Liquor inventory software shows you at a glance exactly what you have in stock and automatically updates when a customer makes a purchase or places an order. These real-time updates make keeping accurate inventory records a breeze.
2. You’re Losing Track of Inventory
If you find yourself running out of popular items or overstocking slow-selling ones, it's a clear sign you need liquor inventory software.
Keeping your store well-stocked is critical to keeping your customers happy. If they’re not able to find their favorite liquor brands in the size they need, you’ll lose sales and, potentially, customers.
Liquor inventory software helps you keep a close eye on your stock levels so you can easily notice when an item is low in stock, prompting you to reorder on time and ensuring that your customers’ favorites are always waiting on the shelf for them.
3. You Care About Quality Customer Service
Crafting a curated experience for your clientele sets your liquor store apart from the competition. As a local liquor store owner, your customers trust you to guide them to the perfect vermouth or to suggest a new and exciting brandy.
Liquor inventory software can act as a valuable sales partner in your efforts to provide top-shelf customer service, helping you make excellent recommendations and upsell high-value liquors.
When a customer comes in with a question or request, your liquor inventory software should display exactly what you have on hand, along with the details of each product, empowering you to point them in the right direction and help them make informed purchasing decisions.
4. You’re Struggling With Pricing
Pricing can be a challenge in a liquor store, especially when juggling a diverse range of spirits and launching frequent promotions.
Liquor inventory software can simplify pricing and give your liquor store’s profitability a boost, enabling you to easily set prices from one convenient place. Liquor inventory software should also support case breaking, which means that you can set prices per bottle or per case, and sell either while seamlessly maintaining inventory records.
Liquor inventory features like this case breaking reduce pricing errors and maximize the success of your liquor store.
5. You Want To Grow Your Business
If your goal is to grow your business, you need access to the valuable insights that liquor inventory software can provide.
Liquor inventory software breaks down your bestselling liquors, sales trends, and historical sales data into an easily digestible format, providing the information you need to make informed decisions for your business.
Equipped with a well-oiled inventory management system and valuable insights about your store’s performance, you’ll be able to fine-tune your liquor store’s offerings and operations to take your small business to new heights.
Finding the Right Liquor Inventory Software
If you’re looking to grow your liquor store, provide the best customer service in the neighborhood, and keep your business running smoothly, you need liquor inventory software. Let’s explore what features to watch for on your journey to finding the right option for your liquor store.
Features To Watch For
With so many liquor inventory software options available on the market, finding the perfect one can seem daunting. Here are a few top features to look for to help you narrow down your choices:
- Real-time inventory tracking to display what’s in stock at any time
- Centralized database of common liquor store products to make importing inventory easier
- Automated ranking to show which products are selling the most and least
- Automated invoicing to update your inventory as new stock orders arrive
- Case breaking to allow the seamless sale of everything from one bottle to a full case
These liquor-specific features can streamline your inventory management process and keep your business operating more efficiently.
Our Pick For Liquor Inventory Software
If you’re looking for liquor inventory software with all those features and more, check out Bottle POS, an all-in-one point of sale solution specifically designed for the liquor industry.
Bottle POS has helped hundreds of liquor store owners like you eliminate time wasted on manual, inefficient inventory management and recording processes — giving you more time to spend with your customers.
Schedule a demo today to see how Bottle POS can transform your liquor store.
