The document summarizes Barry Chandler's webinar on stocktaking for hospitality businesses. The webinar covered the goals of stocktaking like raising profits and reducing theft. It discussed how to prepare areas like the bar, kitchen, and fridges for an accurate stocktake. The webinar also explained how to carry out the stocktake, investigate any variances in results, and make a plan for the future like standardizing systems and removing theft opportunities.

1. The Stocktaking Summit Online Hosted by Barry Chandler

4. My Background Commodore Hotel in Cobh, Co. Cork 1993-1997 Waiter/Barman

5. My Background Adare Manor, Co.Limerick 1997-1999 Trainee Manager

6. My Background Westwood House Hotel 1999 Asst. Bars Manager

7. My Background Cunard & Seabourn Cruise Line 1999-2003 Waiter Asst. Provision Master Food & Beverage Controller

8. My Background International Food & Beverage Management Diploma 2003-2004 Salzburg, Austria

9. My Background Setup Stocktaking.ie in 2004 offering a cost control solution to bars, restaurants, hotels and now retail outlets.

10. My Background In 2005, Barkeeper Limited was setup to provide resources and tools as needed by hospitality businesses.

11. The Goals with Stocktaking · Raise Profits · Reduce Theft · Identify Losses · Measure Performance

13. Assumptions about your Business “ That Control is a Mentality and not a Scheduled Event”

14. Assumptions about your Business Control your Cash Register Control Your Back Door Control Your Staff

15. How to Prepare for a Stocktake Video: How to prepare the shelves in advance of a stocktake

18. The Paperwork Needed before a Stocktake Period End Z Reading from the Cash Registers All delivery receipts/invoices for the period Transfers Booklet from the Bar/Kitchen Spoilage Record for the Period

19. Carrying out the Stocktake Video Series: How to Stocktake the Various Areas of the Bar & Kitchen How often should you conduct a stocktake and who should do it? What to weigh and what to count What to include in a stocktake and what to leave out What areas to count first and why it matters

20. Tools Needed for the Stocktake Weighing Scales Flashlight Count Sheets/Pen/Clipboard Calculator

23. Now that you have your count…. You’ll need… Total Sales Value Total Purchases Total Adjustments

27. Investigating Variances The first results will rarely be the final results If your results show overages - Un-entered delivery dockets - Stock returned but not recorded - A Void Receipt not corrected - Incorrect count - Promotional items not recorded as such

28. Investigating Variances If your results show shortages - Incorrect count - Giveaways/breakages not recorded - Theft - Data entry error - Brewery returns not recorded

32. Q & A

33. To get some more information about stocktaking equipment visit www.stocktaking.ie

34. Thank you for joining me on this webinar