Brewery Cost Cutting: Financial Round Table Recap

Brewery Cost Cutting: Financial Round Table Recap

Last week we held our brewery financial round table meeting, with a focus on cost cutting.

We had a great discussion and sharing of ideas on how and where to cut costs to improve financial results.

Summary of key points:

• ​Use this 1-2-3-4 step process to put a laser focus on cost cutting and reduction
• Share the Brewery Financial Training Program with your managers and staff – train them in the ways of identifying and reducing (or eliminating) bloated costs
• Key challenges we discussed: Controlling costs related to production and materials, freight and shipping, finding efficiencies, avoiding cost surprises, improving culture and communication
• 78 Ideas to cut costs and improve financial results – Double Your Profits in 6 Months, by Bob Fifer
• Dan Klasen from the Beverage Federation shared details on the group purchasing organization (GPO) to help you save a ‘craft load’ of money

​Join the membership today and get instant access to the brewery financial round table replay, presentation deck, and brewery cost cutting resources.

Yours in brewery financial training,

Kary

P.S. Book a 15-minute time on my calendar to learn more about how membership in the Beer Business Finance Association can transform financial results in your brewery.

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