At BevSpot, we often run into bar owners and managers who suffer from “FORO,” or fear of running out. This fear usually stems from a lot of guesswork, influencing their bar inventory and ordering decisions. They order too much and end up needlessly sitting on a lot of extra products–costing them capital that could be used elsewhere.
With BevSpot, bar owners and managers use real-time data to make wiser ordering decisions. BevSpot’s Smart Cart feature helps reduce an establishment’s sitting bar inventory, while eliminating the fear of running out of product.
The best part about BevSpot’s Smart Cart feature is that it doesn’t require you to do anything fundamentally different. All you have to do is click on the Smart Cart button on the Cart Builder page and decide if you would like to order based on usage or pars. Once you decide, you can review the information and, at the very least, gain some immediate insights into your ordering habits that would have been difficult to find otherwise.
For example, after using BevSpot, co-owner Stephen Julia of Curio discovered they weren’t even keeping a week’s worth of inventory. This discovery enabled them to confidently push their pars to their appropriate levels.
We know that nobody gets into the bar and restaurant industry to take bar inventory or reconcile orders. By using BevSpot’s Smart Cart effectively, you’ll spend less on bottles collecting dust and unlock more money to reinvest.
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