Point of SalesEvery restaurant owner needs a reliable Point of Sales system to manage their inventory. The POS system serves as a connection between the cash register and the computer. But unlike conventional cash registers out there, POS systems have grown in popularity today because they don’t just record sales. Instead, they amass important, real-time data about the restaurant’s inventory and customers.

How average POS for restaurants work

At the center of this system lies a computer running on special Point of Sales software. There’s a receipt printer connected to a cash drawer, a credit card reader, and a bar code scanner connected into the system. Most vendors will sell POS systems pre-configured, although there’s still an option to connect to more peripherals as demand grows.

What are you getting for your return on investment (ROI)?

The main advantage of using Point of Sales system is because they relay immediate, up to the minute assessment of your inventory. Every time a customer is served, the goods sold are rung up and subtracted from your inventory list. This data is stored on your system’s hard drive.

Again, the amount of inventory you’re handling may be very large, especially if you are involved in running a chain of big restaurants with huge traffic.

Also, if your inventory is made up of hundreds or even thousands of items, tracking each transaction can turn out to be a real challenge. Yet again, having the ability to consistently add those hard-to-find items in your stock can quickly gain you a more competitive advantage over your rivals. But how do you get this one right?

The answer is in a good POS which can alert you as soon as one of your inventory is approaching the re-order point. In fact, some POS systems will go as far as telling you the most recent price of the item you want to re-stock as well as the average price you’ve been paying for that particular item. This way, it’s easy to strike deals with your suppliers. Of course like any other entrepreneur, it’s always in your best interest to source from the cheapest supplier you can find.

During off-business hours, you can run a complete report of all sales activities that your POS system has recorded. You could even track inventory based on the year in which you stocked and used them. This way, you won’t have any problem tracking inventory for the current year compared to last year’s.

Conclusion

Managing inventory at your restaurant is one of the challenging jobs you can do. However, with the help of a good POS, this job is transformed into a walk in the park. Modern Point of Sales systems will do everything for you as far as managing inventory is concerned.