What We Do
Testimontial
| "Barmetrix gave us the information and advice we needed to MORE THAN HALF OUR VARIANCE- quickly!" -Ted White, GM, Maroubra RSL |
Variance/shrinkage is perhaps the most underrated, but costly problem in our industry. Too many operators simply ignore the issue or worse yet believe that they don't have anything to worry about.
Let's be clear on one thing: if you run a bar or restaurant YOU DO HAVE AN ISSUE WITH YOUR INVENTORY. There is not a bar on the planet that is not affected by this variance/shrinkage.
The question is: How much is the variance eroding profits each month?
Here is the good news - there is a direct correlation between the decrease in variance and the increase in profits. Gaining control over your inventory is simple IF you have the right tools, proper frequency and the right resources handling the job for you. Leave out one of these factors and you are simply throwing good money at bad.
Creating reliable reporting is only the first step. Knowing what to do with the information is where the difference is made. If you are monitoring your inventory internally or if you have an outsourced supplier using an outdated system, do yourself a favor - have Barmetrix run you a set of reports over 7 days to understand what your business is truly capable of.
From there you decide the next steps - no contracts, no strings!
Hundreds have benefited from getting an expert on their team.
Minimizing variance is only the start when it comes to optimizing your profits. Our consultants will continually advise you on:
- Portfolio Selection
- Pricing Strategies
- Product Placement
- Cocktail Lists
- Wine Menus
- And Much More
As a retailer, this is a fundamental area of your business and if you do not have an effective specialist in-house then it is time to get a pro on your team. Barmetrix offers a cost effective and exciting option to make this happen.