Partender

Partender is a business tool that reduces the time it takes owners and managers to do bar inventory from a frustrating 6-24 hours to 15 minutes or less. It achieves this by digitizing the archaic paper-pen-clipboard process into a few taps and swipes on iOS and Android. Because Partender is so fast, customers doing inventory just once a week have increased their bottom lines by 6-8% in under 3 months. Like the retail industry, the restaurant industry moved into the 21st century with SKU numbers that automated point-of-sale (POS) systems with supply-chain management. Unfortunately, the bar industry is still stuck in the 19th century. To make matters worse, Bevinco (a bar and eatery auditor) estimates that each bar loses 18-31% (or an overall industry average of 23% per bar) of its inventory to “shrinkage,” which is a loss of inventory that is not sold. This loss is due to theft, over-pouring, bottle breakage, spillage, and more. That’s almost 1-in-4 drinks and could be a bar’s profit margin for the year. In addition, research shows that bar managers order less alcohol from distributors after completing inventory because of shrinkage costs. Because the current process of doing liquor inventory takes so long, it’s only done once a week at most. This leaves bars unaware of their inventory on a daily basis, making them vulnerable to running out of stock before the next reorder. Partender hopes to change this. By providing an easy-to-use app interface in which a bar manager can slide their thumb across a virtual bottle to accurately measure liquor levels, Partender reduces the time it takes managers to inventory from hours to minutes, making bars virtually 100% accountable for their inventory.