Inventory and Sales Reporting for Liquor Stores
Make informed business decisions with Thrive by 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.
Thrive’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. Thrive reports are key to creating a successful liquor store business strategy.
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.
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.
Thrive's Inventory Management Software Reporting Capabilities
Using Thrive’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, Thrive provides valuable insights for your needs. With Thrive’s powerful inventory management system, you’re ready to grow your business with strategies formed with accurate data.
Multi-Channel & Location Reports
Thrive’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.
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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