Leveraging IoT to Reduce Costs and Increase Revenue

You have a busy schedule throughout the day. Completing ‘must do’ tasks to run your business – like managing a beverage program. Poor practices, lack of insight, or insufficient systems lead to one conclusion = increased costs.

You can’t afford to have inadequate oversight. With decades of experience in hospitality and technology, we built a system leveraging new IoT capabilities. From single to multi-unit enterprises, we are with you every step of the way.

Leveraging IoT to Reduce Costs and Increase Revenue

You have a busy schedule throughout the day. Completing ‘must do’ tasks to run your business – like managing a beverage program. Poor practices, lack of insight, or insufficient systems lead to one conclusion = increased costs.

You can’t afford to have inadequate oversight. With decades of experience in hospitality and technology, we built a system leveraging new IoT capabilities. From single to multi-unit enterprises, we are with you every step of the way.

Taking the Necessary Steps Toward Increased Profitability

We’ve created a system with four key steps to decrease costs and increase revenue.

Step 1: Inventory Management

Tracking your beverage inventory has never been easier. Avoid inaccurate and inefficient old methods and reduce labor intensive tasks, by using our lightning fast barcode scanner or your own iOS or Android device. Features include:

  • Flexible handheld/device options – our barcode scanner or your iOS or Android device – the choice is yours!
  • Easily start tracking your inventory from delivery including by single bottle or cases
  • Accurate tracking system – user defined locations (i.e. ‘Storage’ or ‘Sales’) indicate if sensor is in pour tracking mode or not
  • Add our Pour Monitoring functionality and pours automatically deplete your on-hand inventory, thus maintaining a real-time, perpetual inventory
  • System generates and prepares a new order for your review and submittal to your supplier
  • Manage inventory used for banquets and events
  • While spouts only work once a bottle is opened, our system provides value whether the container is open or not
  • Increase accuracy by utilizing the manufacturer’s barcode
  • And much more…!

 

Beverage Metrics’ 3D Profile utilizes real bottle images and an easy-to-use slider to set bottle fill level for the most accurate inventory system in the industry.  

Step 2: Pour Monitoring

With inventory management in place, you can achieve real-time, perpetual inventory by adding our patented wireless tracking device to your bottles. That’s automated inventory updated every time staff pours an ounce.  Features include:

  • Wireless device is universal and works on any bottle size providing 100% coverage of bar inventory and instant counts
  • Every ounce poured automatically updates your inventory
  • Low maintenance – unlike pour spouts, no need to wash our device 
  • No need to replace your current spouts
  • Sensor tracks all movements, so you know if one has been moved, is missing, or has stopped communicating
  • Pour sensor liquid identification technology was created in part by a fluid dynamics engineering team
  • Checks to make sure recipes are being followed
  • Easily add sensors or change a sensor’s brand without programming or complicated configurations
  • And much more…!

Pour Monitoring with Beverage Metrics universal bottle sensor tracker. Low maintenance and you can keep your current spouts!

Step 3: Pinpoint Accountability

Have full financial and detailed accounting of every ounce by leveraging your POS. Our system automatically reconciles POS transactions from your beverage sales with every drink poured, making sure that no ounce goes unaccounted for or missing. Features include:

  • Flexible architecture allows us to easily work with any POS system
  • Identify when a well drink is sold, and a premium liquor is used to make the drink
  • Reduce costly overstocking errors by seeing what you should be ordering versus actual orders
  • Optimize inventory levels to reduce excess inventory on the shelf
  • Compare sold vs poured to easily and quickly understand what ounces are unaccounted for or missing
  • Track off-hours pours
  • Instantly know pour costs, variances, consumption and overstocking
  • Alert sent if sensor if removed from bottle at bar, but pour history for the bottle suggests there is still liquid left
  • And much more…!
Our technology stack leverages IoT

Step 4: Actionable Reporting

Digging through endless reports and mounds of data is time consuming and inefficient. Today’s powerful IoT tools enable us to proactively send information  that tells you what’s wrong and needs to be corrected. Our reporting allow you to:

  • Instantly know beverage cost percentage
  • Track shrinkage by reconciling pours to POS transactions
  • Track pours by brand, by hour/minute/second for managing shift time and personnel
  • Overpours/Underpours identified so that quality can be improved
  • Alerts sent if wine has been opened for x number of days helping to prevent loss due to product being past its prime date
  • Track top sellers and slow movers
  • Alerts to low inventory levels by bottle/brand/spirit
  • Understand variances and missing inventory
  • And much more…!

 

Beverage Metrics system proactively provides key data where and when you need it

Easy Installation

The Beverage Metrics system is designed to be self-installed with limited need and involvement from busy IT resources. Our workflow design is simple and easy-to-use so you and your team can be up and running right away.