In an ideal world, you’d pour exactly what you sell, but because of over-pouring, spillage, and theft, this isn’t the case.
With WISK, you can see your losses for a period by comparing your consumption, also known as usage, to your sales.
To get your consumption, you’ll need to:
- Take an inventory to get an accurate count of your stock
- Add invoices of all deliveries coming into your venue
- And take another inventory to get the closing count
This is because Consumption = (Beginning Inventory + Invoices) - Ending Inventory.
To get your sales data into WISK, you can either integrate your POS system, or upload your sales manually.
Once your sales data is in WISK, for each beverage item you sell in your POS, you’ll add the ingredients and the quantity used each time it’s sold.
For example, if you sell an item called “Whiskey Shot”, you’d select the brand of whiskey used from your venue’s list of items and 1oz as the quantity.
After you’ve added the recipes to your items, you can compare your usage for the period to how much should’ve been used based on the sales and recipes. The difference between your sales and consumption is called the variance.
Variance = Sales - Consumption
For example, if you sold 10 Whiskey Shots, you should’ve only poured 10oz of that whiskey based on your recipe, however, based on your inventory counts and invoices added, your consumption is actually 20oz.
That’s a loss of 10oz that increases your beverage cost and reduces your profitability.
WISK provides visibility into where your losses are coming from, so you can take action to improve your beverage operations.
Follow the Getting Started Guide and Venue Setup Checklist, for step-by-step instructions for everything you need to know.