POS systems (point-of-sale) for a very long time were just seen as tools for transactions or upgraded registers which only issue the receipts. But this is not the case anymore. The POS is actually a business data collector which is tirelessly mining for every single datapoint that can be useful for the company. The transition from basic operations to data utilization through advanced analytics is where the real magic of technology takes place. It is not only about what has happened; predicting the future alongside decision-making are also part of the whole package which leads to a bigger profit.
All swipe, work, item sold from the menu, shift of personnel - your POS system is fully-excepting indeed. What kind of data are we talking about?
Sales Performance: In addition to the trend for sales hourly, daily, weekly, monthly, the best-selling times are included too.
Menu Item Popularity & Profitability: What are the most popular dishes? What makes the most profit?
Customer Behavior: Average spending, popular combos, even the most loved payment methods.
Employee Performance: Sales by server, average table turnover time.
Inventory Flow: What's that selling fast? What is dusting?
Without suitable analytics, the data will be just raw and unorganized, a treasure chest locked away.
The real benefit of a contemporary POS system is its capacity to convert the raw data into easy-to-implement ideas and solutions which makes the user a smarter businessman and more profitable.
Data tells you: What are the top-selling dishes? Which generates the most significant profit? Are there any items in the menu underperforming that are taking away inventory or kitchen space?
How you do that: Lower prices, raise the visibility of high-margin products, reformulate or discontinue unpopular foods, and strategically put your items on your menu to catch people's attention the most.
Data tells you: The busiest hours and days, peak period for specific roles (bar staff, delivery drivers).
How you do that: Get a more efficient work schedule, cut unneeded overtime, and make sure you have the staff you need when it's the busiest time, therefore, you are reducing labor waste.
Data tells you: Real-time stock levels, ingredient usage rates, and potential waste.
How you do that: Fix your ordering, minimize the spoilage, negotiate better deals with suppliers based on actual demand, and find the areas where you have less stock than you expected which may be caused by theft.
Data tells you: Who your best customers are, what they order, and when they come to visit you.
How you use it: Develop tailor-made promotions, loyalty programs, and marketing campaigns that really touch your audience, thus, attracting them to come back again.
Eatzpro is designed with powerful reporting and analytics features that bring to light the full restaurant data potential. We know that insights should be simple, reachable, and doable - not hidden in complex spreadsheets.
Intuitive Reporting Dashboard: Eatzpro's modern and attractive user dashboard gives you fast and easy access to detailed sales reports and analytics. You are not required to be a data scientist to comprehend how your business is performing.
Comprehensive Insights: Along with detailed sales breakups by day, week, or month, top-selling items, average transaction values, and employee performance metrics, Eatzpro also gives you a complete view of your business.
Data-Driven Decision Making: With Eatzpro, you are able to quickly spot the trends, find the areas where you can improve, and support your business strategies. Know what promotions have been successful, which menu items are winners, from where you can save money without lowering quality.
Accessible Anywhere: Since it is a cloud-based system, you can use Eatzpro to access these important reports from any device, at any place, and therefore, you have the power of control and supervision at all times.
The use of lies and gut feelings in the current restaurant business competition is a surefire way to failure. Taking advantage of data analytics through a complex POS system like Eatzpro will allow you to have the upper hand in terms of executing efficient operations, delivering perfect customer experiences, and most importantly, increasing your income substantially. Data-driven precision is the way to stop guessing and start growing.
If you are ready to transform your restaurant's data into dollars, then don't waste your time and come for a demo to witness how Eatzpro's reporting and analytics can revolutionize your business by visiting www.eatzpro.com!