Shrinkage- Bar Inventory

Theft and waste is prevalent across the Food & Beverage industry. An estimated 1 out of every 5 drinks is lost to shrinkage. Shrinkage was designed for bar owners by bar owners to reduce shrinkage and seamlessly transition to a digital inventory method. Our digital inventory method allows owners to track data week over week and instantly see variances without shuffling through papers.

Setting up a virtual venue can be tedious! That’s why our Shrinkage team focused on developing a unique, innovative, and patentable way to make initial setup quick and painless.

By eliminating pen and paper, you will see your ability to track and manage your venue’s biggest expense become much simpler.

List of Features

○ Patent-pending set-up technology allows users to quickly create their virtual bar

○ Convenience - complete the entire inventory cycle from anywhere at anytime

○ Complete your inventory in a quarter of the time compared to traditional methods

○ Increase productivity by sharing the workload across multiple users

○ PAR generated smart ordering customized to your needs

○ Mobile receiving

○ Sales & Set to view COGS week over week

○ Keep track of total inventory value on hand

○ Custom Bar and Product Management

How Does it Work: Shrinkage is the first & ONLY Mobile application that gets you through the entire inventory process quickly & easily! Setup, Inventory, Ordering, Receiving, Reporting, Repeat!

Shrinkage starts by creating a custom virtual copy of your bar that includes all your areas, products, vendors, and Sales Reps. Next, we take it one step further by eliminating the antiquated pen & paper method and input full and partial inventory numbers right in the app. Once inventory is complete, our smart PAR ordering generates your purchase orders by vendor so that you can sit back and relax - only adjust quantities as needed.

Don’t waste time texting your staff who and what to expect for each delivery, we’ve got it all on the app. When orders arrive, simply check products in and adjust invoices as needed. That’s it! Inventory quantities and values are adjusted in real time so you always know your stock’s worth. Keep track of your pour cost on our Sales & Set screen by entering your weekly sales numbers.