As straight forward as you may believe purchasing liquor for your bar may be, there is a thought process behind it. Your liquor purchases are an important investment your business is making towards income generating inventory and there are many factors that making the best investment for the least amount of money.
Purchasing and recording your liquor purchases are very important parts of your business in large part because liquor has a mass appeal. If you don't take care of your liquor investment, you expose your business to shrinkage and waste. The major reason we purchase liquor for our business is to well stock our bars so we can sell more drinks and make more sales at a cost that helps us maximize our profitability. To do so, as operators, we should be following these steps to always stay in control of our liquid assets:
Plan our orders correctly: when placing our liquor orders, it is very important we first verify our stock levels and ask several suppliers to be certain we are getting the best pricing.
