What benefits does a restaurant enjoy with POS System?
The POS or point of sale system is considered to be a computer system that is used for the purpose of ordering, ringing up and tracking of sales. This system is programmed and customized to cater to the diverse needs of the different restaurant types that exist to help increase their overall efficiency and profits. A good number of successful restaurants can be noticed to be relying heavily upon such systems to ensure smooth operations
Time Management & Reduction
With the installation of the POS system, the restaurant will be able to save precious time for cooks, bartenders and servers. For instance, if an order is placed for drinks, entrees and appetizers by the server in a restaurant with designated prep areas created for each item, then the entire order can be placed simultaneously. He/she does not have to undertake three trips just to place orders at each station. It is now possible to have orders to be sent individually to three printers, one to each station. The server terminal prints full order receipt for the order.
The POS systems when installed in the restaurants do help to do away with or reduce human error committed. At times, poor penmanship might cause handwritten orders to be misinterpreted. In case, the bartender or chef misreads an order, then it is quite obvious for the wrong item to be prepared, thereby resulting in loss of profit and waste. But by ordering through the POS system, the orders get neatly printed at prep stations, while being easy to read.
Credit Card Processing
While purchasing the restaurant POS system, you can avail the option to include magnetic stripe reader to enable credit card processing. If you desire to accept credit cards, then this feature can be useful as it allows you to adjust, process, run reports as well as keep detailed records pertaining to all credit card related transactions. This effectively means, you do not have to buy & install another credit card machine.
Comprehensive Business Reports
This is a popular benefit that managers, which is to generate comprehensive reports. With every order being recorded in the system in real-time, it is possible to generate reports for credit card transactions, sales, server’s sales, inventory, stock, profit & loss, popular items, etc. at any time and from any terminal. Its installation also helps to ensure simple, but highly efficient record keeping. By generating digital file cabinets, it does away with excessive hard copies.
Theft is considered to be a common problem faced by restaurant owners that reduces their profits. Consider loss is faced in profits if servers fail to charge customers for the ordered items and not pay for them. With the POS system, managers and owners can now track what is being ordered, payment made and by whom.