{"id":9780,"date":"2022-12-05T07:33:11","date_gmt":"2022-12-05T12:33:11","guid":{"rendered":"https:\/\/craftbreweryfinance.com\/oldversion\/?p=9780"},"modified":"2023-01-16T14:10:37","modified_gmt":"2023-01-16T19:10:37","slug":"5-best-practices-to-brewery-control-costs","status":"publish","type":"post","link":"https:\/\/craftbreweryfinance.com\/oldversion\/5-best-practices-to-brewery-control-costs\/","title":{"rendered":"5 Best Practices to Brewery Control Costs"},"content":{"rendered":"

Cost increases are coming from everywhere these days.\u00a0<\/strong><\/p>\n

In today’s post and short video, we’ll focus on 5 Best Practices you can use to control and reduce costs in your brewery.<\/p>\n

Use These 5 Best Practices to Control Brewery Costs<\/strong><\/p>\n

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  1. Create a Financial Road Map\n
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    • Be purposeful with spending – you gotta have a plan.<\/li>\n<\/ul>\n<\/li>\n
    • Adopt a Zero Based Budget Mindset\n
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      • Costs must justify themselves – too often, we work to justify reducing the cost. Do the opposite.<\/li>\n<\/ul>\n<\/li>\n
      • Review Vendor\/Supplier Spending\n
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        • Run a report of L12 month spending. Sort $ high to low. Use this as a checklist of opportunities to reduce expenses.<\/li>\n<\/ul>\n<\/li>\n
        • Use Purchase Orders\n
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          • PO’s make it hard to spend money without first justifying the cost. Use them.<\/li>\n<\/ul>\n<\/li>\n
          • Set Regular Financial Reviews\n
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            • Monthly variance analysis, trend review, and ratio calculations are essential to controlling costs.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

              Watch the 3 minute cost control video for your beer business:<\/strong><\/p>\n