Growing technology has had a massive impact on restaurant POS software and the industry as a whole, especially over the last decade or so. The emergence of tablets and other mobile point of sale devices is one of the more apparent hardware changes, but software changes and advancements have also kept pace. With a constant focus on improving intuitiveness and speed while also adding robust features, POS software has made life easier for restaurants everywhere.
If you haven’t upgraded your POS software in a while, you could be costing yourself some hard-earned money. Let’s take a closer look at three important aspects of POS software that will give your restaurant a boost.
Inventory should be a major focal point for restaurant owners – and for good reason. Having the right amount of food items on hand is vital to a restaurant’s success, and having software that can handle this for you is just as important these days. Some of the more robust POS software options can really save restaurants money.
Inventory tracking and reporting, for example, makes it simple for owners or managers to track production, waste, and store-to-store transfers. Your software should also be able to recognize usage trends and suggest order sizes using historical data. When your POS software can do these things for you, so much time is freed up for other tasks that can’t be handled with software.
Inventory is an investment, but having a feature-rich POS software solution ensures that you always maximize your profit. Efficient and accurate inventory tracking is one of the biggest money savers out there.
Scheduling might not immediately come to mind when thinking of ways POS software can save your restaurant money. However, labor management can be tricky and there is software that can optimize this aspect of your business. With full visibility into your entire staff, you’ll be able to optimize labor for your restaurant while reducing costs.
Your POS software can create forecasts based off of past sales and labor data, so you’ll never have to worry about being understaffed or overstaffed. Plus, you can review labor reports to ensure that your schedules are working as planned. These reports can also let managers know when employees are projected to hit overtime so that proper adjustments can be made.
3. Food Waste
Whether you ordered too much of a certain item or a certain dish wasn’t as popular among customers as anticipated, it’s always a shame when you have to throw food away. Food waste is one of the biggest problems plaguing restaurants, but luckily POS software has a way to deal with it. Restaurant POS software can use its forecasting feature to determine how much food to prepare each morning, which should cut down on food waste. Food prep reports can also be generated to assess trends and adjustments can be made.
Inventory, labor scheduling, and food waste are three areas where many restaurants struggle. In today’s fast-paced restaurant industry, owners and managers can’t afford to rely on inefficient manual processes or outdated software. Make sure your POS software is up to date so you can begin to take advantage of these features and save money for your restaurant.
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