Liquor Store Case Study: How Westside Liquor found $5000 in dog inventory

 Liquor Store Case Study: How Westside Liquor found $5000 in Dog Inventory: https://cloudretailer.com/case-study/westside-liquor-uncovered-slow-moving-inventory/

info@cloudretailer.com

888-267-7483

Liquor Stores: Next Day Deposits 365 Days a Year With Cloud Retailer Liquor POS

Get Paid Faster with Next AM Funding—365 Days a Year. Stop waiting on deposits: Improve cash flow and reduce stress with Cloud Retailer’s Next AM funding program and receive YOUR cash the next day, every day, including weekends and holidays.

Available now with the Cloud Retailer Liquor Store Point of Sale

System.

https://cloudretailer.com/ info@cloudretailer.com 888-267-7483  

Liquor POS System for Absentee Liquor Store Owners

Just a few of the many features built in to the Cloud Retailer Liquor POS software that are designed around off-site liquor store owners who are not physically in their store every day. 

Want to learn more? https://cloudretailer.com/ info@cloudretailer.com 888-267-7483  

Tools For Liquor Store Owners to Increase Margins

 A brief highlight of 3 of the many tools in the Cloud Retailer Liquor POS software that helps liquor store store owners increase margins (and profits). 

This video covers our Restock Rocket, Deal Planner and Below Target Margin Report. 

Cloud Retailer has multiple other margin and profit increasing tools designed specifically for liquor stores. 

You can learn more by: https://cloudretailer.com/pos-software-features/ info@cloudretailer.com 888-267-7483  

How Westside Liquor Found $5000 in "Dog" Inventory

In under 30 seconds you can see how much cash your liquor store has tied up in "Dog" inventory (products that are not selling, collecting dust and tying up cash).

Westside Liquor found $5000 in dog inventory via the Cloud Retailer Liquor POS software which equals $10000 in lost profits. How much are you losing in profits by not knowing how much dog inventory you have in your liquor store? More information: info@cloudretailer.com 888-267-7483 https://cloudretailer.com/

The End of Heartland LiquorPOS?

 

Rumors about Heartland dropping their LiquorPOS product have been around for 2 years now. Recently, several Heartland team members have shared privately that a formal announcement about the end of LiquorPOS could be coming shortly.

So, what does that mean for liquor stores who currently use LiquorPOS in their stores? Like other software programs that have gone "end of life" (like Windows 10 and Microsoft Dynamics RMS Store Operations point of sale), we need to look at the most likely outcome and recommended actions that should be taken.

Likely outcomes:

1. Heartland just flat out discontinues LiquorPOS. There will likely be a end of life support period of up to one year to allow users of LiquorPOS to find new point of sale (POS) software.
2. Heartland sells LiquorPOS to another company. This introduces more questions than answers regarding support, software updates, who can offer merchant services with LiquorPOS,  and, if the new company has their own POS solution, will LiquorPOS users have to migrate to a new POS system?
3. Heartland returns LiquorPOS to the original owner. LiquorPOS was originally not a Heartland product so it is possible that the original team behind LiquorPOS may take it back from Heartland. While this would provide a clearer support path, questions still remaining regarding updates to the software, ongoing support costs, and options for integrated merchant service.

Recommended Actions:

1. Ride it out and see what happens. Pretty big gamble and very high risk to not have a plan should outcome #1 happen. Do you have the time, energy and budget to find a new POS system under a deadline? Would at least doing some pre-planning be smart from a business perspective?
2. Watchful waiting but have a plan in place so you are ready to pull the trigger regarding any of the likely outcomes.
3. Take action now and not have to deal with waiting on any of the possible outcomes (none of the possible outcomes sound all that great anyway given the age and lack of recent updates to LiquorPOS). 

If you are in the Recommended Actions Options #2 and #3 camp:

Start searching now for a liquor store specific POS system. Liquor store specific means that the POS system has all of the unique features and functions that liquor stores require like the following (you can use the list below as a checklist and then zero in on the top 3 candidates to get demos and proposals):

1. Age Verification
2. Parent/Child or Case/Lot Inventory Tracking
3. Deal Planner and Bridge Buying
4. Supplier Integration
5. FinTech Integration
6. Restock Rocket
7. Smart Alerts
8. State Specific Sales Tax (especially if you are in a state with a spirit volume tax)
9. State Specific Reports  
10. Bottle Deposits
11. Wholesale Functions and State Specific Wholesale Reporting
12. POS is Designed ONLY for Beer, Wine and Liquor Stores 
13. Delivery Integrations (if allowed in your state)
14. Product Ranking
15. Dog Inventory Reporting
16. Physical Inventory Count Module
17. Keg Rentals (if you do this)
18. THC Product Sale Compliance  
19. Shelf Tag/Price Tag Printing
20. 24/7 Support
21. Supplier Purchase Planning
22. Multi-Store Capabilities (if you own multiple liquor stores) 
23. Market Basket Reporting
24. Customer Loyalty Program and Gift Cards (of allowed by state law)
25. Role Based Security (keep control over what your employees can and can't do)