Are you still counting your bottles of bourbon by hand?
With the hundreds of bottles you have on your shelves and in storage, liquor inventory management can be challenging. If you’re not taking advantage of liquor stocktaking software, your inventory management process is probably inefficient — and possibly even inaccurate.
In this blog, we’ll explain what liquor stocktaking software is, and three steps that will help your liquor store run more smoothly.
What Is Liquor Stocktaking Software?
Liquor stocktaking software is a valuable tool that helps liquor store owners manage their inventory by automating the process of tracking each bottle — from the moment it arrives at your store to the minute your customer takes it home.
Integrating liquor stocktaking software into your inventory management process will save you time, ensure inventory accuracy, and protect your bottom line. Here’s everything you need to know about how liquor stocktaking software can transform your small business.
1. Save Time on Liquor Inventory Management
Counting your inventory manually is time-consuming, taking countless hours out of your team’s workday. Plus, tracking inventory by hand (especially when dealing with hundreds of liquor bottles) often leads to errors that cause stockouts or excess product.
Liquor stocktaking software eliminates these tedious and error-prone tasks by automating the inventory management process, making it more efficient and accurate. This tool updates as new stock arrives at your store and as customers make purchases, ensuring that you can always access a real-time overview of what you have on hand.
2. Automate Your Reordering Process
When your customers visit your liquor store, they rely on you to provide their favorite liquors, wines, and mixers. If your bestselling bottle of tequila is out of stock, you’ll lose sales and see a dip in customer satisfaction.
That’s why it’s so important to reorder the right products at the right time. To ensure that your store is always well-stocked, many liquor stocktaking software options include an automated invoicing feature.
Automated invoicing allows you to set a minimum inventory threshold, and when a product’s stock falls below that threshold, your software automatically creates an invoice to reorder the product.
Features like automated invoicing save you time and guarantee that your customers are always able to find what they need in your liquor store.
3. Boost Your Sales and Customer Satisfaction
Ensuring that your store is always well-stocked is not the only way liquor stocktaking software can keep your customers happy; it can also give you valuable insights about what your customers want.
Your liquor stocktaking software is a powerful tool that provides you with the information you need to tailor your store’s operations and inventory to your customers’ preferences and habits. For example, your software should generate detailed sales reports to help you understand how your store is performing.
The best liquor stocktaking software options also include a feature called automated ranking, which shows you a ranked list of which of your liquors are selling the most, and which are selling the least. This information helps ensure that your budget and store space are being used wisely, plan successful promotions, and create effective marketing campaigns — boosting your sales and elevating the customer experience.
Get Started With Liquor Stocktaking Software
Liquor stocktaking software is an invaluable tool for your small business; it streamlines your inventory management process, saves you time, and boosts your bottom line. But finding the right fit for your liquor store might seem like a daunting task.
To guide you on your journey, here’s our checklist of must-have liquor stocktaking software features:
- Real-time inventory updates
- Centralized database of common liquor SKUs
- Case breaking
- Automated invoicing
- Detailed sales reporting
- Automated ranking
- Customer relationship management and customer loyalty program
Ready to transform your inventory management process with liquor stocktaking software? Schedule a live demo with one of our liquor industry experts today!
