In today's podcast, you'll hear a replay of the live Q&A session from the Beer Wholesaler Financial Training Program.

In this episode we review common beer wholesaler financial problems, how to quickly identify them, and how to fix them.
 
The Beer Wholesaler Financial Training Program is for beer wholesaler owners, managers and staff who need practical financial training to improve cash flow and profitability.

The Course includes 40+ lessons delivered across 5 modules, with a total of 8 hours of instruction, 5 graded quizzes and a final exam. Watch a short video to learn more.

Key topics covered:

• Common Problems in the Financials
  • Keg Inventory & Product Inventory: How to spot and fix variances
  • Accounts Receivable Collections: How to collect cash faster!
  • Gross Profit Variances: Simple steps to identify and fix problems in GP

Learn more about the Beer Wholesaler Financial Training Program!

In today's podcast, you'll hear a replay of the live Q&A session from the Beer Wholesaler Financial Training Program. 

In the episode, we cover best practices you can follow to create your beer wholesaler financial statements.

The Beer Wholesaler Financial Training Program is for beer wholesaler owners, managers and staff who need practical financial training to improve cash flow and profitability.

The Course includes 40+ lessons delivered across 5 modules, with a total of 8 hours of instruction, 5 graded quizzes and a final exam. Watch a short video to learn more.

Key topics covered:

• Best practices for your wholesaler Chart of Accounts & General Ledger
• How to create beer wholesaler Financial Statements & Reports
• Routines and Month-end financial process to ensure your numbers are complete and accurate

Learn more about the Beer Wholesaler Financial Training Program!

Today we chat with Harry Schuhmacher, Editor and Publisher of Beer Business Daily, Craft Business Daily, and Wine & Spirits Daily.  These publications are read on every continent in the world except Antarctica.

Harry has worked in the beer business for over 30 years, and has published Beer Business Daily for the last 20 years.  Harry is also the producer of the Beer Industry Summit and the Wine & Spirits Summit.

In the podcast we cover a wide range of topics:

• Brewery - Distributor relationships
• The age of effervescence - is seltzer here to stay?
• The latest on beer wholesaler consolidation
• Predictions on the future of the 3-tier system 
• Beer business lessons learned during the pandemic

Resources
Learn more about Beer Business Daily
Learn more about the Beer Industry Summit

Sign up for the World Famous Beer Business Finance newsletter. 

Today we talk with Todd Grote and Rick Flagg from OnTrak software.  OnTrak makes software to help beer wholesalers reduce costs and sell more products. 

In our conversation, we talk about specific tools to help distributors get a handle on different parts of the business: 

• Printed POS - signs, banners, table tents
• Permanent POS - coolers, tap handles, umbrellas
• Line tracking - draft line operations, scheduling, execution (whether in-house or by a 3rd party) 

The tools track orders, due dates, and costs, with a goal of improving inventory control and reducing your costs.

Resources
Learn more about OnTrak Software
Read a case study on how other beer wholesalers have used these tools to save money

Sign up for the World Famous and Free Beer Business Finance Newsletter. 

In today's podcast we present tips, best practices and key questions so that you can build a profitable financial plan for your beer business.

Beer Wholesaler Financial Planning Topics

• Financial Planning Best practices, Key questions
• Planning pitfalls to avoid
• 7 Steps to a Brewery Financial Plan
• Sales, margins, operating expenses
• How to build the schedules, without perfect information

Resources
Sign Up for the Free 60-Day Trial to the Beer Business Finance Membership

Inventory is a huge asset on the balance sheet and it just keeps growing. In today's episode we'll review best practices to measure, monitor and improve wholesaler inventory management.

Beer Wholesaler Inventory Topics Covered

• How to Compute Total Inventory Carrying Costs
• Quantify fixed + variable, template to capture costs
• Best Practices for the Inventory Count Process 
• Cycle Counts, Full Physical Counts, Team + Training
• How to Build an Inventory Scoreboard
• Key Metrics: DOH, OOS, OOC, Count Variance
• How to Assemble the Inventory Management Team
• Pulling it all together Information in the hands of the managers

Resources
Sign Up for the Free 60-Day Trial to the Beer Business Finance Membership

In today's podcast we take a deep-dive into what Gross Profit is, why it's important, and how your managers can improve this critical number in your beer business

Topics Covered: Gross Profit (GP) Fundamentals

• GP Calculations, Items Included / Excluded
• Practical Uses of Gross Profit Knowledge
• Decision Making Tool, Cost per delivery, Hot Shots
• Common Errors in Gross Profit
• How to identify and correct
• How to Reconcile Gross Profit to P&L
• Monthly routines to ensure good numbers
• Planning and Monitoring Gross Profit
• Combining the Sales Forecast and GP plan, Monthly reports

Resources
Sign Up for the Free 60-Day Trial to the Beer Business Finance Membership

In today's episode we'll talk about strategies that you can use to build a winning sales plan. We'll cover best practices, planning pitfalls to avoid, and sales plan models to get you started.

Sales Planning Fundamentals

• Team, Timing, Tools
• Who should be involved in planning, how to set deadlines and tools to complete the plan
• Sales Growth using Open Book Management
• Game Changer: Strategy to Engage Employees
• Strategy, Goals and Objectives
• Planning Expenses / Investments to Drive Revenue

Resources
Sign Up for the Free 60-Day Trial to the Beer Business Finance Membership

Beer Business Finance is for beer wholesalers who want to improve financial results in their business. Competition is fierce, and financial knowledge will give you a competitive advantage in the marketplace.

Profitable Topics we cover for Beer Wholesalers

• Cash flow management - The key drivers in your beer business
• Performance metrics - benchmarking, KPIs and tracking tools
• Compensation Planning
• SKU Inventory Management tools

Resources
Sign Up for the Free 60-Day Trial to the Beer Business Finance Membership

For most beer distributors, inventory is the biggest asset on the balance sheet. In today’s podcast we’ll review the importance of keeping score of that big asset and review four […]

The post BBF 021: The Inventory Scoreboard appeared first on Beer Business Finance.