What is a key practice in managing inventory of alcohol?

Keeping track of stock levels is essential in managing inventory of alcohol because it allows for accurate accounting of what is on hand, what needs to be reordered, and helps to identify any discrepancies that might arise, such as theft or wastage. Regularly monitoring stock levels contributes to maintaining a balanced inventory, ensuring that popular items are always available for customers while minimizing excess that can lead to waste. This proactive approach not only helps in meeting customer demand but also aids in financial forecasting and budget management within the establishment. Additionally, it enables staff to plan promotions or specials based on available inventory, further enhancing business efficiency.