Customers are beginning to flock back to their favourite restaurants making it essential for you to find your perfect POS system. A system that’s going to make their buying journey hassle-free. This brings us to the point-of-sale (POS) system – software tools that help restaurants and retailers process sales and track inventory.
This post discusses everything you need to know about the POS system, including how it works, its benefits to a restaurant, and how you can find your perfect POS system.
What is a POS system
A POS system is the component that facilitates the point of the sale process. It is the software tool used by restaurant owners and retailers to track product stock levels and process customer sales.
You can think of the POS system as a cash register that allows you to record sales, receive payments, and print receipts. Today, POS systems come with analytics, inventory management capabilities, and more.
How does it work for a restaurant?
Innovative solutions like the POS system are becoming increasingly important. As discussed below, this technology has revolutionised how sales, food preparation, reports, and inventory are managed in restaurants.
- Sales – Owners in the hospitality industry use POS systems to track sales. The system takes in orders from the customers and calculates the bill, including tax. Once the customer pays, the system takes the credit card payments and calculates the change in the case of cash payment. Then, it prints a receipt.
- Food preparation – The customer or the waiter places an order on the system, which appears in the kitchen. From there the cook can prepare the meal ready for service
- Inventory management – The POS system updates the inventory system that certain ingredients have been used to prepare meals. The inventory system subtracts the ingredients from the available system and updates the remaining inventory.
- Reports – In addition to tracking sales, inventory, and cash, the perfect POS system can generate certain reports, crucial for our business’s success. For instance, it can track average sales per employee, business productivity, best-performing menus, turnaround time.
These are some of the examples of how a POS system can help your restaurant. Let’s look at some of the benefits you enjoy by getting the perfect POS system for your restaurant.
Benefits of a POS system to your restaurant
A point of sale simplifies and streamlines your business operations. Indeed, a POS system can minimise the number of operations in your stores or restaurants. You enjoy innumerable benefits, ranging from increased profits to saving you costs, as discussed below:
Increase your customer base – You can use your POS system for email marketing, setting up customer accounts, and promoting loyalty schemes. This increases your customer base and keeps them loyal.
Saves you money – POS systems reduce wastage by keeping track of your sales and stock, saving you money.
Increases your ROI – The perfect POS system will increase your sales, reduce your costs, and boost your restaurant’s productivity – all of which increase your return on investment.
Reduces wait time – The perfect POS system reduces the time it takes for a customer to receive an order. It automates most processes, making it easy to place an order and prepare a meal.
Easy inventory tracking – If you want to enjoy higher profits, you must learn to manage food costs. A POS system allows you to track your inventory, increasing efficiency and cutting on wastage.
How much does a POS system cost?
Interested in trying a POS system but wondering how much it’s going to cost you? Let’s see
The cost of a POS system will vary depending on the software and hardware features you’ll need. At Winpos, we can help you find the perfect POS system for your establishment.
The best way to find your Perfect POS system is to get in touch with us and find a package that best suits your establishment.
Choosing the perfect POS system for your restaurant
Are you considering upgrading or buying a POS system? If so, you’re on the right track. The right POS system will boost your sales, increase your customer base, and streamline your operation. But, choosing the perfect POS system for your employees and customers isn’t always a cakewalk.
Here are several factors to consider when selecting the best POS system for your restaurant.
Scalability – This is the ability of a system to increase or reduce performance and costs based on demand. The perfect POS system should allow for an upgrade as your restaurant grows.
Software features – These are the tools that allow you to accomplish your goals. You should choose a POS system whose features match your restaurant’s needs.
Fees – Here, you should check whether the costs associated with the POS system are cost-effective. The perfect POS system provider should offer competitively priced systems that provide value for money.
Hardware – The perfect POS system should integrate effectively with all your hardware components.
Another way to assess whether a POS system is right for your business is to evaluate your roadmap. What’s your plan in the coming months or years? Do you plan to expand your restaurant? You should consider a solution that will evolve and grow with you.
For instance, if you’re planning to open a restaurant in a new location, your POS system should support you, and enable you to manage your restaurants with ease.
Set up your restaurant for success today!
A POS system is undoubtedly crucial for your business’s success. In addition to increasing your customer base, the perfect POS system reduces your costs and boosts your sales. That’s why getting a POS system for your restaurant should be a no-brainer.
If you’re looking for the perfect POS system provider, look no further than Winpos. For years, we’ve provided our customers with EPOS systems with varying capabilities, including user-level security, real-time data, finance management, data analytics, kitchen management, mobile ordering. Contact us today for more information.