00:00:01,766 this is Jamie with bar I in this video
00:00:04,100 we're going to show you five insights that are down to
00:00:06,066 the serving approach to bar inventory provides
00:00:08,500 on average bar I clients who sign up
00:00:11,166 reduce their overall liquor cost by 3
00:00:12,966 4 percentage points so
00:00:14,800 the first insight that your inventory system
00:00:17,000 probably doesn't currently provide
00:00:18,433 is to know the accountability percentage
00:00:20,166 for every product category
00:00:22,066 and for your overall bar
00:00:23,766 the accountability percentage shows you
00:00:25,633 what percentage of the product poured
00:00:27,500 was actually sold so we see for this pale ale
00:00:31,033 they sold 82% of the beer that was poured
00:00:34,466 that score was 90.1% for draft beer
00:00:37,466 and 91.5 for the bar overall
00:00:39,833 that means that eight and a/2 percent of the product
00:00:41,900 poured during the period was not accounted for
00:00:45,966 the second insight
00:00:46,800 is to be able to see the dollar value
00:00:48,600 of what's missing in this case for Jack Daniel's
00:00:51,500 this bar is missing 10 basically
00:00:53,366 ten and a half servings
00:00:54,900 at a cost of eleven dollars and fifty five cents
00:00:59,033 for the liquor category
00:01:00,033 they're missing $377 and for the bar overall
00:01:03,633 that number was $1,378 with a liquid cost of about 20%
00:01:10,166 one way of
00:01:10,800 interpreting that is that we could have sold all this
00:01:13,066 missing product for five times its wholesale cost
00:01:16,800 which would have been significantly over $6,000
00:01:21,633 the third insight
00:01:23,466 is to be able to look at your liquor cost
00:01:25,466 and compare it to your achievable cost
00:01:28,366 in this case
00:01:29,033 for Quarters Light this bar is missing 18 bottles
00:01:31,400 or three quarters of a case
00:01:32,833 that resulted in a liquor cost of 23% for the product
00:01:36,366 which should have been 20.8%
00:01:38,466 without those missing bottles
00:01:40,233 for the bar overall
00:01:41,833 their liquor cost today landed at 19.9%
00:01:44,700 but would have been 17.5
00:01:46,600 if every drink was poured correctly
00:01:50,233 a key part of the Bar Eye
00:01:51,400 process is the variance report
00:01:53,433 after we perform initial analysis
00:01:55,466 we send back a list of items
00:01:57,033 that need to be double checked
00:01:58,200 let's show the result of three adjustments
00:02:00,466 that resulted from this process
00:02:02,500 for Budweiser account correction
00:02:04,633 by finding six missing bottles
00:02:06,666 we determined that actually
00:02:07,800 we are only missing two bottles
00:02:10,266 in the case of Milagro Silver
00:02:11,700 we had an adjustment to the sold amount
00:02:14,033 after investigation the manager told us
00:02:16,066 we are missing the recipe for a particular Margarita
00:02:18,466 which resulted in the loss
00:02:20,066 going from 37 servings to just 1.29
00:02:23,800 and finally a correction on the invoiced amount
00:02:26,066 from a missing invoice
00:02:27,166 on this stem cider discovered that in fact
00:02:30,300 we did not have more than we should have
00:02:32,300 we rang 38 cans we served 38 cans looking good
00:02:37,500 and then finally in addition to scoring your bar
00:02:40,433 we score your managers
00:02:41,666 so we can get in a sense of how well they're executing
00:02:44,366 on the bar
00:02:46,100 in this case we scored 8 out of 10
00:02:47,866 with room for improvement on invoicing
00:02:50,000 because we are missing
00:02:50,866 some information about what's delivered
00:02:52,633 and also on organisation
00:02:54,266 we had a large number of adjustments
00:02:56,366 and items to investigate
00:02:57,966 by following our zone count process
00:02:59,700 we could have reduced the amount of time and energy
00:03:01,866 in producing these accurate results
00:03:03,900 so
00:03:04,100 that's how bar I uses a down to the serving approach
00:03:07,366 to yield a level of insight
00:03:09,000 accuracy
00:03:09,700 and confidence that most bars struggle to achieve
00:03:13,066 thanks for watching
.png)
