Top POS Systems Can Help You Take Stock and Take Control
Holding an excessive amount of stock also carries costs; restaurants and hotels should aim to run lean stock to save lots of money. By leveraging the internal control module in their Top POS Systems, venues should be ready to get a current, reliable view of existing stock and track the whereabouts of any missing items.
POS based stock control systems can help automate a good range of inventory management actions throughout the venue. Listed below are 10 operational areas where these inventory management tools can help restaurants or hotels get serious about stock control:
1. Stock items
Every stock item is categorized into categories and sub-categories. Detailed track of stock are often kept including product names, codes, descriptions, categories, sub-categories, quantities, re-order levels, cost prices, currencies, whole sale prices, export retail prices and profit margins. Item prices are often set or modified, and changes to the costs are reflected immediately altogether recipes and menu costs.
Recipe creation are often in minutes not hours, created from the stock item list. Required ingredients are often searched and selected from the list. The optimum asking price on every menu item are often determined by setting the specified gross profit margin percentage. The play effect of price changes on menu items are often calculated to ascertain how they impact on overall food costs.
Catering, buffets or banquet menus suddenly become a breeze to make . Portion costs are often identified and yields for precise recipe management on all batch recipes Top POS Systems the value of the event are often calculated on the asking price , cover price or cost percentage. Costly meal ingredients are often replaced other meal options to realize ideal costs. an inventory of all the stock needed for this event are often extracted out of the inventory.
Recipes are often linked to POS stock items enabling real-time stock update supported POS sales. When a menu sale occurs, ingredients should be deducted automatically from stock the instant the waiter posts the article within the Top POS Systems. Owners can then specialise in trends and choose which menu items got to be maintained, modified, promoted or replaced.
3. Inventory management
Running actual inventory reports by storeroom or venue and comparing them to POS based inventory records allows tracking down of variances per item. Inventory variance reports can then list down the products and identify variances in size and value. Specific items within the inventory are often pinpointed that contribute to food cost variances.
Inventory reports create a snapshot of the inventory and are saved for later reference. Past inventory reports are often consulted for statistics and reference.
Stock taking times are often slashed with pre printed count sheets customized to every area or mobile terminals with a POS interface.
4. Supplier Management.
A Supplier database should contain all the necessarily information about suppliers. Each supplier transaction can for straightforward comparison of costs , or price patterns. Purchase orders, deliveries and invoices are often recorded with the supplier, Top POS Systems and history of orders are often stored indefinitely. Purchase history enables different vendors to be compared to simply find rock bottom price vendor.
5. Purchase Orders
Purchase orders can easily be created from requisitions and other stock actions. This automates order management reducing under/over ordering. Requisitions are often generated automatically supported minimum or maximum stock levels or POS sales activities. When orders are created display of the present stock available acts as a fast check on stock levels. Purchase orders are often created with different status modes, and may be saved for later processing.
Proper receiving and buying management can go an extended towards reducing operational food costs. When goods are received, they will easily be matched to the first order for price and quantity verification. this manner any errors are often instantly spotted which will otherwise fall within the favor of the seller . Any modifications are often added to the order to reflect the particular delivery of products . Delivery note, invoice numbers and delivery charges can all be added to the order history. Electronic ordering/ stock receiving further automates the method .
7. Staff Control Top POS Systems
Automated, real-time stock control acts as a robust deterrent to light-fingered people. Also knowing exactly which employee was at each POS register helps track responsibility for missing stock. Further link ups with staff electronic wristbands for log on/off makes for comprehensive employee controls. The POS system also can be linked to a CCTV video closed-circuit television .