The liquor industry is worth billions, but it’s complicated. With thousands of bottles and cans from every corner of the world in seemingly hundreds of varieties — red, white, small batch, craft, domestic, and more — it takes the right liquor store management processes and tools to keep track of them, promote the ones you want to move, and stand out from the crowd. Here are three technologies you may need to update for effective liquor store management.

Loss prevention is a costly problem for retailers. The National Retail Federation’s 2017 National Retail Security Survey determined the average shrinkage rate for retailers is 1.44%, and retailers that experience the highest levels of loss are at about 2%. All told, retail loss grew to cost the U.S. economy $48.9 billion in 2016.....

EMV payment adoption has been slow and steady since the U.S. “flipped the switch” and began accepting chip card payments on October 1, 2015. The restaurant industry, however, continues to lag behind other merchants in upgrading to EMV. EMV chip cards are designed to reduce the problem of payment card fraud. The EMV chip creates…