As a small business owner, you understand it takes a lot to run a successful business. Over 70% of businesses fail less than 10 years after opening, and it can be a challenge to keep up with the changing demands of the market.    One common challenge is finding the ideal Point-Of-Sale or “POS” system. The POS is the most essential aspect of your business — it’s where your money comes in. And you want the transaction between you and your customers to be as seamless as possible to ensure they keep coming back.    But finding the right POS system for liquor stores with a bar can be difficult. Many POS systems are not set up to handle the unique requirements of a liquor store that also serves alcohol.    Here are three things to look for when selecting the best POS system for your liquor store. Inventory Tracking Are you still tracking your inventory by hand? Having separate spreadsheets to track inventory and invoices is a thing of the past. Not to mention a huge headache.   A good POS system will have integrated inventory tracking. In other words, your POS should tell you exactly how much inventory you have based on sales, having to cross-reference many separate documents. Not only is this time the same, but it reduces the chances of accounting errors.    While many POS systems today can track inventory, few offer solutions for both bar AND liquor stores. A liquor store that also operates as a bar requires a POS system that combines retail and service-based features.   Finding a POS system with both will help you place orders more efficiently, track down missing stock more quickly, and streamline your business.  Online Ordering For the last decade, the United States has seen a major shift towards online ordering. This has only increased with the pandemic and is likely to continue. People like convenience, and that means being able to order online.    Having a POS system that can accommodate online ordering, curbside pick-up, and delivery is becoming standard. If your current POS can’t do all this, it’s time for an upgrade.  Customer Relationship Management (CRM) Customer Relationship Management sounds like a big technical term. But it’s just a fancy word for staying connected and engaged with your customers.    Expectations for technology are rapidly changing. Most major retailers offer these services which draw customers away from small businesses.   CRM is essential for keeping your customers coming back. It allows you to collect customer data, like email addresses and phone numbers. With this information, you can create loyalty programs for returning customers. This enables you to reward those who continue to choose your business over the competition.   You can also send out promotions through email, push notifications, and texts. Your regulars won’t miss out on any deals or special events Best POS System for Liquor Store Need the best POS system for liquor stores? Modisoft offers a POS system for nearly every type of retail small business, including liquor stores and bars.  Bring your business to the next level. Request a callback today to get started with their seamless POS system and high-powered back-end metrics.

Inventory has been a headache since time immemorial. Traditionally, businesses had to reserve specific days to count each item in stock and determine how much they had. Then, administrators would use this data to gauge how much stock to order for the next period.    This system made managing inventory inaccurate and inefficient. Fortunately, inventory technology is rapidly improving the process.   Inventory management technology makes counting stock easier, faster and more accurate. This frees up your workers to spend more time focusing on the jobs that matter day-to-day.    There are several ways you can use these changes to streamline your inventory! We’ll explore three ways new inventory management improvements that your company will love in the guide below.    1. Managing Inventory Daily The most significant change in your inventory management is that you can now track your stock daily. As mentioned before, workers used to count inventory by hand and document the supply.   Now, inventory management software has changed this process. Companies can now use Radio Frequency Identification (RFID) to track their supply. This technology uses a system of tags and scanners to track and identify objects.    All you have to do is place a tag on each product. When that product enters or leaves your scanner radius, it will send alerts to your system. This way, you can track inventory changes in real-time.   This technology allows you to eliminate mistakes and maintain greater accuracy. In doing so, you’ll improve your customer service and have accurate data for decision-making.    2. Developing More Inventory Management Software In the past, inventory management software developed at a slower rate. Because of this, businesses often had to use the same software industry-wide for managing their stock.  Now, technology updates at a speed never before seen. Several software options exist for managing inventory, creating a new diversity of choices. This helps businesses by providing software tailored to their needs. Smaller companies no longer have to use software designed for massive corporations.  The increased diversity also makes prices more competitive. So, your business can find the solutions it needs for prices you can afford.    3. Smart Technology and Mobile Apps Finally, inventory technology has evolved to allow access from any location. All you need is a smartphone/device app, and you can access your data anytime!   Smaller businesses can thrive by incorporating this technology into their operation. Workers and managers can check on information anytime and make adjustments when necessary.    However, use caution when using mobile apps. These systems may require manual input, which opens the path to accidents.    Find the Inventory Management Services You Need As you can see, technology has changed how businesses are managing inventory. Inventory tracking has become quick and manageable through inventory management software. There are also more choices than ever before. So, you may wonder which software choice is best for your business. If so, we humbly suggest using our services! We offer inventory management software for industries ranging from restaurants to grocery stores. We also offer our services for affordable rates. Sign up with us today to learn more about our packages!

Most bar owners and restaurant managers dread taking inventory, and mostly because the old way of maintaining order simply does not work for most places anymore. When the bar liquor inventory is done correctly, it decreases overall costs and increases profits more than most managers would expect. Setting up an efficient inventory system requires a couple of steps and can go a long way in managing your business. With a straightforward system, you can spend more time doing the things you enjoy about your business. Why Liquor Inventory Matters Keeping inventory is an important step in managing a restaurant or bar. The liquor inventory consists of the entirety of liquors you have in stock. By knowing what you have in stock on a regular basis, you can ensure you are not purchasing too many of one item, or have perishable items that may turn sour. It is also a good way to monitor bartender use to ensure they are not pouring too much or giving away amounts of liquor. Poor management of inventory can make or break many businesses. If you have too little in stock, you risk losing customers. With too much in stock, you may be overspending when you do not need to. Learn More and Save Money Having a clear management system for inventory helps all employees understand the process better and for you to save more time. An organized inventory decreases space issues and the issue of bottles missing, forgotten, or misplaced in the wrong area. It also helps avoid waste from ingredients that are added to drinks. Too much waste can equal losses in profit, which in turn hurt your business. With an organized system, you can know exactly what is on the shelf and when you need to order more. An inventory system also helps you learn more about what your customers enjoy and what they keep returning to again and again. By knowing what cocktails are popular, you enjoy greater profits and happier customers along the way. How Liquor Inventory Works Taking inventory no longer has to be pen to paper. There is now advanced technology with POS systems that help you manage inventory with ease and access information from anywhere. Inventory Software Inventory software tracks everything you have, including amounts left and what needs to be shelved or replaced. While some owners still use spreadsheets, it may be a worthwhile investment in software that helps you have time and access information for multiple locations. Count Bottles and Keep Categories Count each bottle and track the alcohol type, name, brand, and bottle size that is on the shelf. Make sure all categories have their own column and record where other bottles of the same kind are. That includes keeping track of what is available in the bar and the storeroom. From there, separate the bottle into tenths and determine what the liquid level is at. Repeat the process for each bottle and record based on categories of spirits, wine, beers, etc. Add It All Up Add the totals for each category and repeat the process again when your inventory period has ended. With inventory software, you can keep track of weekly, monthly, and yearly use to ensure there are no losses and that your business continues to thrive with an organized system.