Inventory and Sales Reporting for Liquor Stores
Make Informed Business Decisions with Shopventory’s Robust Reporting Engine
One of the biggest challenges liquor stores face is the lack of visibility into accurate inventory valuation, slow moving products, and rouge discounting. Real-time reporting is essential in order to run an optimized liquor store.
Shopventory’s inventory management system connects with your point of sale system and/or e-commerce platform to receive real-time sales and inventory data.
Hone in on inventory valuation, slow-moving products, discount usage, inventory change, and more. Shopventory reports are key to creating a successful liquor store business strategy.
Benefits of Inventory Management Reporting
Grow Your Liquor Store Business
Creating a liquor store strategy using accurate inventory and sales reports will help you optimize your stock. Easily identify products that aren’t moving, like a case of a local IPA from a new brewery, or manage your relationship with a specialty liquor store rep who is trying to sell you products that don’t resonate with your customers.
With a reporting platform you have access to information you need to make strategic business decisions based on data, not intuition.
- Accurate sales and inventory valuation
- Visibility on what products are moving, and which aren’t
- Insight on what vendors are performing, and which aren’t
- Compare performance against different sales channels/locations
- Operate with precision, such as re-ordering stock or even A/B testing
- View how inventory levels have changed over time
Shopventory’s Inventory Management System Reporting
How to Start a Liquor Store Reporting Strategy
In order to have a successful reporting strategy that grows your business, you need access to accurate inventory reporting. While some businesses use a liquor store inventory list or templates, managing them takes a significant amount of time and it leaves a lot of room for human error.
Some POS systems and e-commerce platforms have limited reporting capabilities built in. However, they tend to be rudimentary and don’t give a comprehensive look at your liquor store’s inventory.
Using Shopventory’s inventory management software means you have access to our powerful reporting engine. Have instant visibility to data you need for all your sales channels, without an additional costly reporting app.
Whether you want an in-depth report on last week’s sales history, or you just want to see how many units of Josh Cabernet Sauvignon were on the shelf this morning, Shopventory provides valuable insights for your needs.
With Shopventory’s powerful inventory management system, you’re ready to grow your business with strategies formed with accurate data.
Shopventory’s Inventory Management Software Reporting Capabilities
Once all your sales channels are connected with Shopventory’s inventory management app, we’ll pull in all your historical sales information so you can immediately begin using reports. Eliminate “guesstimating” with detailed profitability reports so you can make decisions confidently and report with accuracy.
Currently, most POS or e-commerce platforms do not have the ability to report on inventory change. Inventory reports are essential for knowing exact profitability, inventory valuation, remaining stock, and more.
Inventory reports are based on Shopventory’s record-keeping of your inventory levels, getting rid of those confusing excel templates. Tracking for these reports begins as soon as you start your free 30-day trial.
Multi-Channel & Location
Shopventory connects inventory for all your physical locations and/or e-commerce store so you can automate inventory management for accuracy. See which locations or channels are performing the best for your liquor store. Access greater insight to what products are working for each location/channel and which need to be removed from future purchase orders.
Shopventory’s inventory management software was built by business owners like you, so our robust reporting tool is designed with you in mind. Our reports are easy to use with lots of filters and customization options so you can slice and dice the exact inventory data you want to see. Export your reports as a CSV file to share with your team and simplify bookkeeping.
Shopventory Custom Reports
Custom report dashboards are unique to Shopventory’s inventory management app for complete control of the data you want to see and how you see it. Building a custom report dashboard allows you to have more control over what information you want to see and how you display it against each other.
Choose from a variety of inventory and sales widgets, the timeframe you would like to see, and what sales channels you want to include. Common liquor store custom report dashboards include the Unsold Products report, Inventory Change report, and Products Sold report.
Pre-Built Shopventory Reports for Liquor Store Inventory Management
Reports We Think You’ll Like
You’re in the business of extremely thin profit margins, which means accurate inventory valuation is essential for liquor stores. Shopventory’s inventory report filters down to the second so you know exactly what you have on the shelves and the total value of your inventory at any given moment.
Dead Inventory Report
Is there a bottle of habanero whiskey gathering dust on your shelf? Each bottle of liquor has to earn its spot in your inventory. If a product isn’t moving try A/B testing a different strategy or discount it to get it out the door and make room for more profitable stock.
Shopventory’s dead inventory report generates detailed information of what products haven’t sold during a set timeframe.
You can easily see:
- How much revenue is tied up in your aging stock
- How much you paid for those products (if you have added costs to any variants)
- The number of days since the product last sold
- The quantity of each product you have on hand
Hold your team accountable and don’t let discounts sink your bottom line. Shopventory’s inventory management software allows for easy discount tracking. See which receipts received discounts, how much was given, and the total of how much was given out.
Need to manage rouge discounts? Once you run the discount report you can view the linked receipt from your POS system and see what employee administered the discount.
More Reports for Liquor Store Inventory Management
Vendor Sales Report
Inventory Change Report
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