Do you know the magic formula for a successfully growing restaurant? A varied menu and nice food are two different elements. However, without a productive workflow, you cannot serve the customers’ nice food on time. The software for a restaurant can help with this. You may learn more about the key features of a restaurant management system in this article.
What is a restaurant management system?
The COVID-19 pandemic has had a big negative effect on the restaurant industry, which has seen a drop-in customers and revenue, job losses, and eventually permanent closures. Despite this, the industry has been able to adjust to the new normal as it works to survive the pandemic. Due to the strict Corona SOPs, many customers did not prefer dining out. To work around that and to combat the health issue, many restaurants have embraced technology.
A POS system made specifically for the food service industry is a restaurant management system. A restaurant management system, like a typical POS system, aids with accurate inventory management, transaction capture, and overall process improvement. It amused many restaurant owners, but once they learned about it, they flocked to it, making it more crowded than ever before.
The Basic Features of a Restaurant Management System
A restaurant management system (RMS) is a piece of software that helps restaurants streamline and automate their processes. The most basic features of an RMS include a point-of-sale (POS) system, inventory management, order processing, and employee tracking. More advanced features may include guest management, table management, and reservations.
An RMS can be a valuable tool for any restaurant, whether it’s a small mom-and-pop shop or a large chain. An RMS can help restaurants run better and more efficiently by automating boring tasks and keeping track of important data.
Here are some of the basic features of a restaurant management system:
Inventory management: A restaurant management system can help you keep track of your inventory levels. You can use it to track what needs to be ordered and when and to set low inventory alerts.
Order processing: A restaurant management system can streamline your order processing. You can use it to track customer orders, create menus, and generate invoices.
Employee management: A restaurant management system can help you track employee hours and schedules. You can use it to
How to Track Inventory and Sales
RMS has never been a disappointment to restaurant owners because it helps track inventory and sales. It helps you minimize business expenditures and cut down on waste. The previous data in your restaurant management system can be analyzed, and a decision can be made on what to stock and at what level. For the convenience
of users, an Android app that tracks inventory has been introduced in addition to the iPhone app.
You can make marketing plans that work if you know things about your customers, like what they like to order, how often they order, how they like to pay when they order, and how they respond to ads and messages from the restaurant that come up in their apps. With the use of this information, you may target your customers and run promotions for them. And you should be able to see these data points displayed and given to you in ways that are simple to interpret, like an email in your inbox.
The type of device on which a restaurant management system is created—typically iPads or Android tablets, but infrequently both—also affects how it functions. The iPhone app that tracks sales is very useful for restaurants, as it is very quick and simple to use. To make the system more reliable, the goal is to keep the system’s integrity within a certain OS environment.
Advanced Reporting and Data Visualization Capabilities
Along with many other features, the restaurant management system can show you reports in the form of charts and graphs. Reports in RMS are precise. Digitally captured transactions eliminate manual errors. Each transaction, for instance, is time-stamped and logged along with additional information, such as the items that were sold and the employee’s name who handled the transaction. Report Builder in RMS builds your financial report about sales and profit. Additionally, inventory and CRM (for customer data) are synced with sales data to update those records as well. The fact that all of the data is in one place protects the integrity of your financial reports. Similarly, creating these reports only takes a few clicks; the system analyzes the data from the query and presents the KPIs all at once in graphs and charts. Data visualization in RMS is an important element that every restaurant owner must utilize.
Reporting on Key Performance Indicators such as Orders Placed and Average Check Size
Orders, payments, voids, promotional offers, and expenses are all recorded by the system, ensuring that your sales data is precise and up to the last detail. The RMS Check average size report builder lets you build an average size report. Therefore, revenues are effectively providing you with a true picture of the state of your business.
Most systems feature a built-in alarm that lets you know when something is different. For instance, the discrepancy between the stock level and order volume at the final hour of the day, or voiding orders that were not permitted. Commonly, alerts are received via phone, email, or can be viewed from a dashboard.
How do I get an average check size report in Restaurant Management System?
In the restaurant business, the average check is a widely used indicator that helps business owners figure out how valuable their customers are. To arrive at this calculation, divide the number of sales in a given time period by the total number of clients in that same time period.
You can also categorize sales data in ways that make sense to you, like by bestselling item ranking, client names, or the percentage of cash versus card payments.
The ability to integrate with online ordering systems such as FerryPal
You can manage your restaurant like a well-oiled machine by using an intuitive system. You’ll be able to oversee your workforce, track your inventory, and keep an eye on your cash flow. To put it simply, an RMS can assist you in creating a solid and efficient workflow for your restaurant. As a result, you may provide incredible customer service while preserving your company’s bottom line. To further improve sales and outreach to new customers, you have the option to integrate the RMS with an online ordering system for restaurants such as FerryPal. Simply visit the registration page on FerryPal.com and create a FREE Menu. Follow the instructions on the easy guide to complete the setup. And, because FerryPal restaurant setup is completely free, you should be receiving orders from customers within your serving radius in no time.
Do you want to reach a wider crowd? Try out FerryPal with a few easy and simple steps to register your restaurant business. Download our store setup guide here. FerryPal Guide to Setting Up Account – FerryPal