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Running a liquor business requires a lot of multitasking. You have to keep the shelves stocked, ensure customers are happy, and keep operations running smoothly.
The big change, however, occurs when you examine your sales data more closely. Your sales numbers reveal what’s working and what’s not, allowing you to adjust your inventory and stock the right items.
This blog explores which sales reports to pay attention to and how they can guide you in making smarter, more data-driven decisions about your stock levels.
Sales data gives you a surface-level overview, but digging deeper helps you identify trends and forecast demand more accurately. It also helps you manage stock efficiently. Use your POS data to keep bestsellers in stock and avoid accumulating slow-moving items. And the best part? Dashboards and analytics reports make it super simple to stay on top of everything!
Let’s break down some key reports that’ll help you keep your inventory strong.
This report shows you exactly what people are buying and gives you insight into their preferences. For instance, when tequila sales spike around Cinco de Mayo, you'll know it's time to get more before the celebration starts! This helps you anticipate customer buying patterns and stock the right products.
Your sales patterns are monitored in this analytics report on a daily, weekly, or monthly basis. For instance, you might prepare ahead of time and buy more of these well-liked bottles of wine if you see that sales always peak around the holidays. Avoid last-minute restocking hassles!
Suppose you offer a 10% discount on a certain beer. Sales go through the roof, indicating that price-conscious consumers are responding well. If discounts don’t impact sales, it may be time to rethink your promotion strategy.
Sure, promotions are a great way to move inventory. But not all discounts work the same. The sales by discount report helps you figure out which promotions are boosting sales and which ones might need some tweaking.
If online craft beer sales skyrocket, prioritize them for online orders while adjusting in-store stock accordingly.
If you sell through multiple channels, such as a website or delivery service, this report tracks each channel’s performance. Whether in-store or mobile, you'll have a better idea of where to direct your inventory.
In your liquor stores, Mondays might be slow. But Fridays are likely to be bustling. If so, you might want to adjust your inventory orders so that you're fully stocked for the busy end-of-week rush, rather than being stuck with excess stock come Monday.
So, this report tracks your sales day by day. It’s perfect for spotting trends in customer behavior and adjusting staffing or inventory accordingly.
Let’s say you had an unexpected surge in sales during a holiday event. At the end of the day, this report gives you a snapshot of how sales and inventory levels match up. Ensuring physical stock matches system records helps you prepare for the next day. So, your day end report will show that you’re low on a popular item. This way, you can quickly reorder and avoid running out.
Here are some essential strategies for success you can employ to manage your liquor store inventory:
Reviewing the past sales data from your liquor POS system helps you predict future demand. Consider factors like seasonality, local events, and holidays. This will help you stock up on the right items at the right time.
Using an advanced retail POS system with integrated inventory management can help. How? Well, it automates inventory tracking, generates reports, and even reorders products automatically when stock levels get low. This takes the likelihood of making a human error to the least and saves you time.
Organize your products by category, like beer, wine, and spirits. This would make it easier to track sales trends in each area. This approach helps you manage your stock more efficiently. After all, each category would get the attention it deserves.
The Just-in-Time (JIT) method helps you avoid overstocking. How? Well, with this approach, you’ll order inventory only when you need it. This reduces storage needs and prevents excess stock of unsold products.
Holiday and local event promotions can help clear excess inventory quickly. You can make sure you're providing the correct things at the right time by matching your inventory with impending marketing ideas.
Let’s get into the important metrics you should be tracking to ensure your inventory is working for you:
Lead time refers to how long an order takes to reach your store from the supplier. The shorter it is, the quicker you can restock your bestsellers.
For example, if you know it takes 5 days for a shipment to show up, you can plan ahead and place your orders in time. That way, you’re always ready for busy days and never stuck with empty shelves when customers come looking.
The days on hand metric tells you how long your current inventory will last at the current rate of sales. If your days on hand are high, you might be holding onto products for too long. This ties up cash and space. Suppose you have 30 days of whiskey in stock. But you have only 15 days of vodka. Then, you must adjust your order to avoid running out of vodka during peak demand.
Dead stock refers to products that aren’t moving off the shelves. Identifying dead stock early allows you to clear it out, whether through discounts or promotions. Suppose you’ve had a box of a particular brand of rum sitting around for months. Consider offering it at a discount or bundling it with other products.
This ratio tells you how often your stock is sold and replaced over a given period. A high turnover means your products are selling quickly. On the flip side, a low turnover might mean you're either overstocked or the demand just isn't there. For example, if a particular beer has a high turnover rate, you can stock up on it with confidence, knowing it won’t gather dust on the shelves.
This is the percentage of your stock that gets sold within a set period. A low sell-through rate indicates that certain products might not be the right fit for your customers. On the other hand, a high rate signals that your inventory is aligned with demand. Suppose your sell-through rate for high-end wines is 80%. But your cheaper wines have a rate of 40%. Then, you might want to rethink your pricing or promotional strategy.
Getting a grip on your sales data is the smartest move to running a successful liquor store. So, just dig into reports, keep an eye on key metrics, and use smart strategies. Ensure the right products are always available for customers.
OneHubPOS makes it super easy with its detailed sales reports and dashboards. You get all the insights you need to make smarter stocking decisions and improve your profits. Don't let stock management be a guessing game. Take control of your liquor store’s success with OneHubPOS—Book a demo with OneHubPOS today!
Imagine this: You own a busy pizzeria, food truck, or retail store. Sales are steady, but your profits don’t seem to match up. Some employees handle rush hours like pros, while others struggle. Some cashiers ring up big transactions, but others barely make a dent.
Without the right data, how can you tell who’s driving your business forward?
This is where a POS system comes in. It helps you track sales, monitor employee performance, and make better business decisions. Instead of relying on guesswork, you get clear data on who’s contributing the most to your business and who may need extra training.
Let’s explore how a POS system can improve employee management, boost efficiency, and increase profits.
Tracking employee performance and sales data helps you understand your team’s impact on your business. Your POS system provides real-time insights into productivity, efficiency, and revenue generation. Here are five key metrics you can track to improve staff performance, customer experience, profitability, and business strategies for success.
Suppose you notice that an employee frequently clocks in late. You feel the need to track employee hours. However, tracking this manually is time-consuming and prone to manual errors.
Retail POS alerts help you address this issue early. The system automates attendance tracking, ensuring accuracy and transparency. So, no negative impact on customer service.
With your POS, you can:
In quick service restaurants, bars, and food trucks, tip distribution can be a major source of conflict if not managed properly. A POS system ensures transparency.
Your POS can:
So, if you switch to automated tip tracking through your POS, you can decrease employee complaints and ensure fair payouts.
Understanding who drives your revenue helps with training, incentives, and scheduling. For example, a liquor store finds out that one cashier has a 20% higher average transaction value than others. After reviewing the POS data, they can train other employees on that cashier's sales techniques.
Your POS system can track:
If the entire staff is well-versed with the sales techniques currently working well for the business, it can dramatically increase revenue.
Suppose a quick service restaurant notices an unusually high number of voids. After investigating, they found a server was offering unauthorized discounts to friends. Frequent voids and refunds can signal fraud or training gaps. A restaurant POS helps by spotting unusual refund patterns that might indicate theft.
Suppose you run a 15% discount for mobile orders. The analytics report reveals the increase in sales. But it also showed that the net sales after discounts were lower than expected. You can later make adjustments to ensure future promotion ideas don't hurt profitability.
For this reason, tracking sales by discount helps understand the effectiveness of your marketing tips. Your POS system provides detailed breakdowns, including:
This data helps you monitor whether discounts are boosting sales or cutting into profits too much. It also shows which seasonal promotions are working best and which ones need adjustment.
To effectively track employee performance and sales metrics, access and use your softPOS solution dashboard reports. These reports offer valuable insights into key metrics so that you can make data-driven decisions.
A unique login for each employee prevents unauthorized access and eliminates time clock fraud.
So, if your small business uses POS logins to track staff productivity, it can lead to better accountability and fairer shift assignments.
Your handheld POS system stores weekly, monthly, or custom reports, allowing you to:
After setting up the POS, a cloud kitchen can use its data to determine if staff are clocking in too early before rush hours. This insight helps optimize labor costs.
Suppose a coffee shop notices that one barista consistently gets high tips. It can have the barista train new employees. The result: improved customer interactions across the team.
POS analytics reports allow you to:
What if your cashier is issuing refunds without receipts or giving out wrong discounts? A POS helps you spot unusual refunds or void activity in real-time. You can also monitor discount trends to prevent misuse. Then, you can stop fraudulent transactions.
During the holiday season, you might hire temporary staff to handle the rush. But what if they struggle with upselling? This is when you can put your last year's data from your POS to use. How? The answer is pre-season training sessions based on last year’s data.
Historical POS data helps predict staff performance trends.
With OneHubPOS, all the essential employee tracking features are built in. This all-in-one POS solution makes performance monitoring and sales analysis effortless.
Here's what OneHubPOS offers:
A POS system is more than a cash register. It's a powerful employee performance and sales tracking tool. By using POS data, you can:
Looking to optimize employee management and boost sales? Book a demo of OneHubPOS today and start tracking your business success with confidence.
Love is in the air, and so is the opportunity to turn those moments into sales. Whether couples are searching for the perfect gift, singles are treating themselves, or friends are celebrating together, shoppers are looking for something special.
So, how do you capitalize Valentine's Day? From curated bundles to in-store events, let’s explore creative, revenue-boosting ideas that will make customers fall in love with your business this season.
As a retail store owner, do you capitalize Valentine's Day? If not, 2025 is your chance to make your store the ultimate Valentine’s hotspot with these creative, revenue-boosting ideas:
Valentine's Day gift shopping can be quite difficult. Shoppers often worry about getting the "right" gift. Pre-packaged bundles remove that stress. Plus, they make great impulse purchases, especially when placed near the checkout counter.
Bouqs’ Valentine’s Day bundle
Bouqs excels at curated gift sets. For example, it offers a Valentine’s Day bundle featuring a heart-shaped box of Sugarfina candy, with Strawberry Hearts and Sugar Lips gummies. It also gives bundle discounts. This makes it more appealing for shoppers to grab a pre-made set instead of individual items.
Here’s how to create winning bundles for your convenience store or specialty store:
Your all-in-one POS system can manage bundles and can track which bundles are performing best. Accordingly, you can adjust inventory and execute marketing ideas. So, if your “Galentine’s Day” bundles sell out fast while your couples’ kits lag, you’ll know exactly where to shift your focus.
Catbird’s Rockefeller Center store has introduced a ‘Love Letter Station,’ where customers can handwrite heartfelt notes on beautifully designed paper. Why? Because personalization adds emotional value to gifts–unlike a generic box of chocolates.
Catbird’s Rockefeller Center location
So, here are some Valentine’s business ideas to personalize:
This way, you may also set your store apart from big-box stores that might not allow customization.
Starbucks’ limited-edition beverages
What about an exclusive product line that’s only available for a short period? Well, this kind of Valentine’s Day promotion creates urgency! And Starbucks nails this every year, with its limited-edition Valentine’s Day tumblers and cold cups, decorated with hearts, flowers, and pink and red hues.
Seasonal flavors, themed designs, and limited-edition merchandise generate buzz and create FOMO. The result: higher foot traffic and social media engagement. Here are some ideas for a valentine’s-themed product line:
Use your retail POS system’s reports to spot seasonal trends, like which exclusive items sell the fastest. If a certain scent or colorway outperforms others, it can help guide future product launches.
A shopper shopping while sipping coffee
Don’t just focus on selling products—create great experiences. For example, On the Runway Boutique is hosting a Sip & Shop event in San Leandro on Valentine’s Day. Guests will enjoy complimentary drinks, exclusive Valentine’s deals, live music, and raffles while browsing trendy accessories.
Here are some Valentine’s business ideas to try:
White Magnolia’s V-day sale
Flash sales are a great way to boost revenue when paired with a creative Valentine’s theme. For example, White Magnolia, a bridal store in Michigan is running a "Love at First Sight" sale, where customers will get $500 off their dream gown. This approach creates an element of excitement and increases your revenue dramatically.
Instead of generic discounts, here’s how you can give a playful, romantic spin:
Use your POS system’s analytics reports to track discount-driven sales for specific groups, such as first-time shoppers and loyal customers. This allows for a more personalized marketing approach.
Black Scintilla’s stunning Valentine's Day flower wall
Your store’s look and vibe can make all the difference in how customers feel. A beautifully designed Valentine’s display grabs attention and sparks inspiration. It also makes shopping a more exciting experience. So, here’s how to create a romantic shopping atmosphere:
The Black Scintilla in Oklahoma City crafts a stunning Valentine's Day flower wall with seating for two. An inviting photo opportunity for customers! This engaging display enhances the store's ambiance and encourages social media sharing.
Kroger delivering flowers with DoorDash and Uber Eats
Kroger partnered with DoorDash and Uber Eats to offer on-demand floral deliveries from their Bloom Haus brand. Customers could order premium bouquets for Valentine's Day. They also offer promotions like $20 off orders over $40. This makes shopping convenient for last-minute shoppers and expands Kroger's reach beyond in-store customers.
Here are some partnership Valentine’s business ideas to expand your customer base while offering added value to shoppers:
If running a joint promotion, track redemptions and cross-promotional sales through the analytics reporting features of your handheld POS system to measure the success of the partnership.
Valentine’s Day is a chance to create experiences that bring customers back for more. You might opt for curated bundles, fun events, or exclusive discounts. These are plenty of ways to make shopping easy, exciting, and memorable.
Having the right POS system can make all the difference. A smart POS, like OneHubPOS, helps you track best-selling bundles and manage inventory. You can also sync in-store and online deals effortlessly. Want to see how OneHubPOS can make your Valentine’s sales even sweeter? Book a demo today!
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