Installing restaurant POS software in a dining establishment or a food court improves the efficiency and profits by streamlining operations. Here are 8 ways this helps to achieve better overall performance.
1. Eliminating Calculation and pricing error: A lot of restaurants still depend on calculators and hand written tickets. Various studies have shown that the calculation and pricing mistakes total in excess of 1% of the annual turnover. POS software can eliminate these mistakes completely.
2. Theft reduction: 10% of the people wouldn’t steal despite of an opportunity being given to them. 10% of the people are going to steal no matter what safeguards are in place. 80% of the people will steal if given the opportunity. The software allows the managers to keep track of the stock on a real time basis and guard against the 80%. This helps in reducing employee theft by eliminating the possibility of stealing food or alcohol for themselves.
3. Speedier Service: The customers may take time to decide on their choices but once the order is placed, they become restive and expect the order to be served quickly. An automated Kitchen Order Ticket (KOT) system which can print tickets directly in the kitchen can really speed up the order delivery.
4. Accurate Order Tracking: The owner or manager can take out daily sales reports and summary sales reports that highlight the popular items and the low selling items. The captains can suggest popular choices to the guests for higher satisfaction. They can also try to up-sell by recommending high profit items that are not being ordered in enough numbers. All these combine to improve the bottom-line for the outlet.
5. Easy payment options: The Food Court POS software Solution generally interfaces with a credit card reader which adds multiple payment options. The integration results in accurate amount capture and speedier processing of the payment as compared to a cash register with a standalone payment terminal.
6. Single point data updates for multiple locations improves consistency: Owners of a chain of restaurants across various locations find it very convenient to update the menu for items and prices and have the new menus rolled out to the individual outlets.
7. Detailed Reporting: The restaurant Retail POS Software can help the manager in tracking the total raw material consumption and reconcile this with the inventory after adjusting for wastage etc. This increases the overall control on inventory and increases the profits by reducing wastage and pilferage. Most software provides several MIS reports for figuring out trends like most-sold items, busy hours, frequent guests and like. These help in forming strategies to increase the turnover and profits for the outlet.
8. Cost reduction: Efficient POS systems allow one to save costs at several points. The new operators can be trained quickly reducing the risk of trained operators leaving. Submitting orders are simplified with the help of kitchen and bar printers. Updates can be made quickly. Inventory management is much simplified helping with cost reduction overall.
Several systems allow interfacing with financial accounting and payroll systems to increase the efficiency of operation even more.