Scene 1 (0s)
[Audio] Hello and welcome to the Daily Bar Inventory Training! In today's session, we will walk through the key processes involved in conducting accurate and efficient daily bar inventory counts. From managing stock levels, recording transactions, to identifying discrepancies and reporting them, we aim to ensure that your inventory management is smooth and precise. This training will empower you with the knowledge to handle bar inventory in a way that supports operational effectiveness and cost control. I encourage you to ask questions and participate actively. Let's make the most of this session as we work towards achieving excellence in bar operations!.
Scene 2 (39s)
[Audio] Definition of bar inventory Inventory plays a crucial role in a well-designed management system, ensuring effective internal control in a bar. Any establishment serving alcoholic beverages is required to maintain a bar inventory. A well-executed bar inventory system contributes to effective stock control and the monitoring of stock movement. Regular and frequent bar inventory checks are essential. The more often alcohol inventory is conducted, the simpler it becomes to identify discrepancies and promptly inform the Manager..
Scene 3 (1m 14s)
[Audio] Daily Bar Inventory Recording Maintaining accurate bar inventory is crucial for efficient operations and cost control. This process involves regular physical counts, recording discrepancies, and adhering to established par levels to ensure proper stock replenishment. It also helps in tracking the usage of stock, prevents overstocking or stockouts, ensures accuracy in accounting, aids in identifying theft or discrepancies, and enables better decision-making regarding purchasing and pricing..
Scene 4 (1m 49s)
[Audio] Inventory Process Output The P-I-C must perform physical bar inventory count on a daily basis. All items received from store requisitions, inter – transfers and consumption must be recorded in the Bar Inventory Template (GM-FB-FBG-F004) bar operation P-I-C performs a physical inventory count and records the data in the Bar Inventory Template. Output Any significant discrepancy between the listed inventory balance and the actual counts must be investigated and reported to the Operation Manager. Verification The Local Finance team conducts random checks on the inventory accuracy and includes the findings in the monthly Cost Controller report..
Scene 5 (2m 37s)
Maintaining Par Levels. 1. Set Par Levels. Par levels are set based on historical usage data, sales patterns, and replenishment lead times..