Benefits Of Restaurant Point Of Sale Systems

8 Benefits of Android POS Systems. - NEXTGEN IDEAS

Benefits Of Restaurant Point Of Sale Systems – A Restaurant Point of Sale system is typically where a customer makes a payment in exchange for goods or services. It is a combination of hardware and software that creates a complete transaction process. The system can be composed of many components such as a register screen, credit card reader, receipt printer, and software. If you’re a restaurant owner or manager, you know the importance of workplace efficiency. Restaurant POS systems provide business owners with a range of industry-specific functions that can improve operations and other critical business elements. Below, we discuss some of the benefits.

Restaurant floor management

If you own a dine-in restaurant, managing your reservations can be a difficult task during peak times. Fortunately, restaurant POS systems allow you to build a physical map of your restaurant and accept reservations via an online portal. This makes the process of managing your restaurant floor much more practical for your team of hosts.

Manage staff and time sheets

In many cases, restaurant POS systems now allow you to manage your staff time sheet digitally. You can also set up ‘clock in and clock out’ functions that track staff hours for payment. It’s an excellent way to bring your staff management under a single roof.

Integrate online orders

If you’re currently using an online order platform for your takeaway food service, it’s critical that it can integrate into your current POS system. Many restaurant POS systems will allow you to integrate external ordering platforms, which can automate the process of accepting payments and beginning the preparation phase for online orders.

Endless menu options

If you’re a restaurant owner that loves updating your menu with custom specials and seasonal offerings, a restaurant POS system can help you quickly update your current selections. Many modern systems allow you to control your menu from an offsite computer, which means you won’t have to leave your office to synchronize your new menu across multiple terminals or locations.

Live order changes and tracking

Some POS systems typically utilize ticket printing for placing orders to the kitchen. While this is a relatively effective method for communicating with your chefs, it doesn’t allow you to update orders, change requests, or track the progress of the meal that’s being prepared. Modern POS systems now allow you to make amendments directly from your POS portal.  Staff won’t need to walk back to the kitchen to change customer requests or mistakes manually.

Automate accounting reports

If you’re not using integrated accounting software, you’re already spending too much time crunching numbers, and too little time focusing on your restaurant. Fortunately, many restaurant POS systems integrate accounting software platforms to provide automated accounting benefits. This is an excellent way to avoid the headaches associated with tax season.

Increase efficiency

By accessing the core benefits of a restaurant POS, you can ensure that your business runs as smoothly as possible. Key features such as floor management, timesheet management, inventory tracking, and contactless payments allow you to focus on other components of your business. They also give your staff the tools they need to avoid mistakes and increase their productivity.

If you currently own or operate a restaurant, bar, or other hospitality business, it’s critical to use the best available software based on your business type. Robisearch Limited offers one of the top restaurant POS systems on the market. Reach us on 0716413316 or 0780655987 for more information or inquiries.

 

 

 

 

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FEATURES TO LOOK FOR IN AN INVENTORY MANAGEMENT SOFTWARE

 

Inventory management software is a tool that automates every aspect of inventory and warehouse management, streamlining the tasks required to effectively track inventory, manage reordering and update accounting data.

Since inventory management software is important to the daily operations of a business, it’s imperative that you select a solution that is reliable, effective and has the features you need. The following are some of the features that you need to look for:

  • Point of sale integration: An integration with your point of sale system helps retailers automatically track when a product sells, whether in a physical storefront, on an e-commerce platform or through another sales channel. When a product is scanned or checked out in an online cart, the point of sale system automatically updates the inventory management system, accounting for the sale in real time. Coupled with automated reordering, this feature allows retailers to ensure they always have a suitable amount of stock to quickly fulfill orders.
  • Inventory catalog: For retailers, it is important to be able to catalog inventory not just by the type of unit, but also by distinguishing characteristics like size, color and other distinguishing characteristics. For example, if you sell shoes, you should be able to specify shoes down to the specific type.
  • Automated reordering: When your inventory level is getting low, it’s important to order more with enough lead time to avoid running out, especially for your bestselling items. Many inventory management systems offer automated reordering; simply set your minimum quantities for each item and, when that number is reached, the system will automatically generate a purchase order to send to your supplier to refresh your stock level. Smart inventory management systems can also automatically optimize your reordering points and reordering quantities per item based on historical sales data to keep your inventory level at ideal quantities.
  • E-commerce integrations: Most retailers now sell across every sales channel – physical storefronts, e-commerce websites, online marketplaces like Amazon and more. It is critical for your inventory software to track sales on all channels so you don’t accidentally try to fulfill more orders than you have stock. Integrations with your e-commerce channels will help ensure you don’t run into this problem.
  • Product cost analysis: Product cost analysis tools not only track your raw materials and finished goods, reordering the necessary components when they hit minimum levels, it also helps predict your labor costs and operating costs, such as machinery acquisition and maintenance expenses. Look for an inventory management system that can generate a bill of materials that includes a description of all these costs
  • Forecasting:  Forecasting is the process of analyzing historical production and sales data to predict what future order management needs will look like. A forecasting tool can help improve the accuracy of this process. Software with a forecasting feature will analyze your data to determine optimal reordering points, hiring recommendations, and even shift schedules required to meet your targets and continue growing.
  • E-commerce integrations: E-commerce used to be only for retail, but today more manufacturers are selling directly to consumers. Finding an inventory software with e-commerce integration is also important for manufacturers, even if they don’t currently sell directly to consumers online, because they could use it streamline sales to their retail clients, or they could even expand to include an additional sales channel in the future.
  • Barcoding: Barcoding is the feature that warehouse management systems use to track the inflow and outflow of products in storage facilities. Workers can scan items in as they’re received, scan them when they’re moved to a specific aisle and bin, and then scan them again when they’re out for shipment – automatically tracking all movements.
  • Inventory management integration: While warehouse management is a subset of a wider inventory management strategy, the two are closely related and should be integrated. Look for a warehouse inventory management system that is seamlessly integrated with your larger inventory management software – most vendors offer this option.

Inventory management is key for any business that maintains stock of goods or raw materials on hand. While inventory management has  historically been a manual process, Robisearch Limited has eliminated the need for a labor-intensive and error-prone manual inventory management system. The Robisearch Point of sale has inventory management software that helps streamline the process, reduce errors and help businesses optimize the way they maintain and order the products they sell. Reach us on 0716413386 or 0780566987  for more information or any inquiries.

 

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Why stock control is important to a Business entity

A business occasionally runs out of certain items. This happens for a number of reasons: unexpected popularity of a particular item, such as one that has attained fad appeal among schoolchildren; an unusually large purchase, such as buying up all of a store’s hotdog buns for a party; or a failure by the manufacturer to make and ship on time certain items. Stock control is a way the retailer avoids running out of stock through tracking what is on hand, what has been sold and what is on order.

The following are some of the reasons why it is important to do stock management:

Cycling Inventory

Retail inventory consists of what products are on the store shelves plus the products in boxes in the storage room. As customers deplete the stocked shelves, more stock comes out of storage to replace what has been sold. Keeping track of the inventory on hand allows the store owner or manager to know when to order additional stock of the items before they sell out. Having records of what gets ordered allows you to better refine what you sell in the store to maximize your profits.

 

Organized Sales

 As goods are sold, the inventory should decline by the amount of sales. Sometimes, there is less inventory than expected, which normally means goods have been stolen or misplaced. Identifying missing inventory helps the retailer know to improve store security or inventory tracking procedures. Tracking sales over years also helps the retailer know how much to order of certain products at different times of the year.

Flawless Orders

Keeping track of goods on order allows a retailer to verify that replacement stock has been ordered. Monitoring order status alerts the retailer to possible delays in delivery in time to find another source of those goods from an alternate distributor. Manufacturers and distributors occasionally face fulfillment problems due to weather, machinery breakdown, labor strikes, unexpected demand and transportation problems. A detailed system of stock control keeps the customer satisfied and the retailer in business.

The Robisearch Point of sale system has the purchasing and stock control management feature that will help your business keep up with the inventory.

 

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Top 5 Features for a good Inventory Management System

Top 5 Features for a good Inventory Management System – Inventory, often called merchandise or product, refers to finished goods and materials that a business holds for sale to customers in the future. These goods and materials serve no other purpose in the business except to be sold to customers for a profit. The value of a company’s inventory is usually one of the largest assets on the books.

Inventory management systems support the activities of purchasing product, analyzing sales trends and on-hand inventory availability  as well as liquidation of product for wholesale, distributors, eCommerce retail and manufacturing companies.  Managing inventory is a critical component to Supply Chain Management.

Robisearch LTD offers software for manufacturers, wholesalers, and distributors, the purchasing departments who are responsible for acquiring the new product and reordering existing products.  In retailers and e-commerce companies, the purchase and reorder of inventory is done by merchants (buyers) or inventory control personnel. 

Top 5 important inventory management features

Here are some of the Top 5 Features for a good Inventory Management System that Robisearch’s ROBIPOS offers.

1. Improved inventory control and forecasting/projection

As simple as this sounds, this should top your list. How should this new system assist in managing and controlling inventory?  Here are a few  major features and functions you can get in Robisearch’s POS software:

  1. A robust item master module such as product costing methods and product characteristics.
  2. Projecting and Forecasting demand – As in, the system will calculate the quantity of a product required forward over a time horizon.
  3. Provision of the channel view for multichannel businesses such as Wholesale and Retail.
  4. Streamlined Analysis and purchases functions.

2. Barcoding & Scanning

A barcode is a visual, machine-readable representation of data. Essentially, it is electronic data entry using a scanner.  The data contained in the barcode is typically tied to something, lot number, customer shipment, or a purchase order. Once scanned, this data is accessed and displayed for the user to learn more information or take an action.

Bar code functions may be provided by the vendor.Robisearch’s inventory software support the use of barcode.

3. Improved, actionable inventory analysis

As we said earlier, there are literally hundreds to thousands of data elements in inventory management systems.  What “out of the box” inventory management analyses are offered and do they fit your method of managing inventory?

Robisearch’s System points the purchasing agent or inventory manager to which products to take action on. For example, the system flags potential stock outs; calculates recommended purchase orders; and candidates for overstock liquidation.

4. Configurability

This feature allows a single system to be set up and configured for two different business entities/companies so that each has a different “look and feel” or personality.  In this way, the more comprehensive systems are successfully implemented across industries and merchandise without customization.

Robisearch’s systems have configurability to some degree, let’s see what does it allow you to accomplish. 

Examples of configuration include: 

  1. A product with different colors and sizes may be configured in a way to show total product sales and stock on-hand by style or base product.
  2. A role (group of users) or individual configuration table of users that allows for the set-up of data security functions within your organization for updating and viewing data.
  3. Flexibility for controlling different types of hardware or interfaces connected to the inventory management system.
  4. Adoption of your detailed expense accounting structure.

6. On-premise versus Software as a Service and Cloud system

For many companies, cloud-based and Software as a Service (SaaS) subscription made inventory management systems more affordable than on-premise implementations and supported systems because they are based on the number of users and data storage usage,  Additionally, implementation is accomplished in a shorter timeframe because they are a service requiring less IT time internally. Robisearch’s POS software supports both On-Premise ans as a cloud software; The key question here is what is the right IT strategy for your company? 

 

 

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