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Tips to Get Your Restaurant Menu Pricing Right
When thinking of a new restaurant is on your mind, everything is taken into consideration – the type of food, services, location and more. The confusion of it all can make the menu pricing to the very end of your checklist. Fair enough. You don’t need to start pricing your food items even before you know which ones are to be included, but this does not make menu pricing the least important aspect of putting up your restaurant together. The main thing you will be working on will be the food you wish to serve at your restaurant. Then why push the pricing away!
Do not let the calculations make you delay here. You have to do this correctly. Overpricing can cause your restaurant and its privilege considerable damage and let’s not even get to how it affects your walk-ins. With the pricing holding so much power, it is time to understand how to get it right. UnavuPOS helps you with the best menu software for your restaurant and can make the restaurant customer to attract on recipe to order.
The fresh stock will come in every day. However, what is more necessary is before it comes in you must calculate your existing stock first. You can check the available stock at the start of the day and the end of the day by our UnavuPOS software, at the end of the day you can be aware and updated about the closing stock.
This normal monitoring is difficult process because you want to closely watch on each item to understand long-standing stock that isn’t being used. UnavuPOS helps you keep discard all those items that are going to get spoiled, thereby keeping an effective check on restaurant inventory shelf life.
Rectify your raw materials
The first thing to know is that ‘less is more’. Do not overstock because both money and raw material will be wasted. You can restock more if you run out of stock but something that is wasted is going straight to the dustbin.
Restaurant raw material management is essential to keep beside with everyday transactions. This will get the customers pouring in as they always like to taste something new. This, in turn, will lead to all the raw material being used up, leaving you with little to no wastage.
If you have UnavuPOS restaurant software, you can expect to let you know when you are low on supplies so that you can reorder in time. This helps you in staying away from difficulty when more customers are ordering the same food item on the menu. If you are doing it right, you won’t have to say ‘no, we don’t have that currently’, to any customer.
The best part about having UnavuPOS software take care of your restaurant inventory management is the fact that you end up becoming an expert. How? At the end of the month when you will be able to check on daily requirements, spoilage, wastage, efficient usage and management of all raw materials, you will be able to see the trends and point out areas that need improvement.When you see a detailed report, you can also get a very good idea of which ingredients get used up the most to understand what your customers like you to serve. You can plan the evolution of your restaurant over time by simply using this data that these reports generate for you.
UnavuPOS inventory management system can do so much for your restaurant. You not only save tons of money and avoid wastage but also end up getting insights into consumer behavior.
This article tells about point of sale software for small business.How to estimate best point of sale software for small business and what are the advantages of using point of sale software for small business.
What is Point of Sale
POS is short abbreviation of point of sale,This term point of sale software can be used to all types of businesses without any restriction of their sizes and types. It covered each and every one’s life because directly or indirectly, somehow we all are connected with buying goods for life. The term point of sale system is the combination of hardware and software which handles the businesses. There are many advantages of using a POS system from the time when computer is able to capture, store, analyze, share, manage sales & purchase data and perform different operations. Point of sale software for small business saves time, eliminate data duplication, increase efficiency and provide accuracy in inventory, ordering, reporting with excellent customer services.
What are the Benefits of Using a Point of Sale Software for Small Business?
There are many advantages of using point of sale software for small business. Companies are using Unavu Point of Sale to make their businesses. the benefits of using point of sale software for small business are given below
- Deployment of POS systems is needed to be simple and quick.
- Rather than seeing numbers that are updated hourly or daily, you can track your inventory in real time with a web based POS system.
- Software eliminate human error and save business money in the long term.
- The facility of bar code scanner and touch screen capabilities enable transactions execution quick and seamlessly.
- Keep an accurate record of daily transactions and report volumes of stock.
- System helps you to categories your stock items into multiple sub fields and manage your inventory as per your company requirement.
- Point of sale software monitor your purchase orders and alert you when stock is running low.
The restaurant sector in India is on constant growth and is now impacted with GST – Goods and service tax. Hence, we thought of giving you a detailed impact analysis about GST on restaurant industry. If we look at the present statistics of the restaurant industry, as per Indian Food Service Report 2016 it is estimated to be worth 3.09 Lakh Crore. The report also stated that the food market of the country has directly employed more than 5.8 million in 2016
GST EFFECT ON RESTAURANT
The smaller business like food courts, dhabas, coffee bars cater to large segments of population on daily basis. The most people who are in this business category earn modest income and thus the new tax scheme is likely to come under criticism. All types of hotels whether it is AC or non-AC will surely collect the higher rate and this will bring an overall price hike in food items.
Based on the new GST update budget, hotels that are charging Rs 1000 per day for rooms are exempted from taxes. Hotels that are charging Rs 5000 or more room tariff per day will have to pay 28 per cent GST which is a big threat to country’s developing tourism and hospitality. Restaurants in such hotels also, will to pay 28 per cent GST.
In the current tax scheme , restaurant business owners have no option to adjust the output service tax burden with the credit of input VAT on goods consumed, so restaurant owners are encouraging for the GST bill.
Most of the retail shops will be involved with retail management software. It’s mandatory to have any Retail management software in place to control sales and link them up with inventory as everything is accounted for. So UnavuPOS offers the high quality of an integrated retail management software where every feature contains advanced functions and tools to give you complete domain over everything retail-related.
As because it functions in real time you can be confident that your POS software is up to date and accurate. At the moment the sale is processed in your database it will be flagged if any markdowns or other notes come in from elsewhere in the system. So if a product is on sale, the system will know it. live report means you can know about in stock and stock out. Credit and debit payment is integrated into the pay processor so almost any type of payment method is acceptable.
Smooth management of recipes
Best restaurant management software store all the recipe details to ensure consistent food quality and taste for multiple customers and across multiple branches. Managing table layout and guest management – The bottleneck of any restaurant is its seating capacity. Efficient management of tables thus becomes a necessity. A Cloud-Based Restaurant Management Software can aid in carrying out this activity and also manage advance reservations.
Stock out & overstocking can be critical issues for a restaurant. With the inventory management functionality, you will get the complete account of the items used and alerts for ones that are getting over. This will help in proper planning and also control the working capital in the business. Reporting of food cost – After rentals and labor, food costs are typically the largest expense for any restaurants. The food cost reporting of the restaurant management software can show you the actual vs predicted cost and the accompanying difference. This is done by researching on the
Unavu Point of Sale also provides flexible and detailed reporting on customer purchases.which stores every information about your sales and your customers to give you an informed look at how your store is performing and how to move forward for further success.
Unavu software provides with advanced security settings so you can manage what actions can be performed by which people. This provides safety in your system and helps you manage your workforce.
Every point of sale is an opportunity to engage your customer in a positive manner. The effects of positive engagement are clear for all to see since positive experiences bring people back for more. But with Unavu Point of Sale Software, retailers have more than meets the eye at the transaction. Positive engagement is not all that happens! Here are three secret benefits of the POS software Unavu Point of Sale has designed in response to retailer’s requests:
Productivity Maximization bridges the in-store and online selling environment by leveraging a centralized database. This foundation streamlines inventory updates in real time, making it possible to see exactly what is available for purchase. Armed with mobile POS, an employee can answer customer queries anywhere in the store, looking up products, ordering, and selling. Keeping track of it all is easy because access to all data is simplified. Merchandise and employee performance monitoring and managing provide instant insight with Unavu Point of Sale dynamic dashboards. Scheduling and allocating staff, accurate payroll compiling, and more can be defined according to your specific criteria.
Checkout Simplification integrates both debit and credit to your payment processor. Fully transparent promotional rules ensure the customer has no unwelcome surprises at the register because discounts and promotions are in place. Gift cards and registries are not a problem. Targeted marketing offers are visible for the cashier to apply to the sale. Unavu Point of Sale streamlines the checkout process so that both staff and shopper are pleased with the transaction.
Customer Personalization accommodates the preferences of the customer, so those targeted marketing offers are requested and welcome. Clienteling becomes more than a buzzword when UnavuPOS customer relationship management tools painlessly capture data. Identify shopping behaviors and trends to build a community of loyal consumers who feel valued and respected. When people are able to personalize their interactions with retailers, everybody profits.
These secret benefits of UnavuPOS solution are made possible because user-definable action and security settings enable retailers to configure their POS environment to their specifications. Productivity is maximized without slowing down the process, checkout is simplified without slowing down the shopper, and customer experience is personalized without being intrusive. Your Point of Sale becomes automatic and secure. UnavuPOS gives you the power to transform a simple transaction into a powerful asset by providing an integrated retail management solution for your enterprise.
A best business experiencing an arrival of orders will want to be sure to verify the particulars of each client’s checkout request. Whether they use promotional codes, qualify for a discount or need to have their request placed on back order, it is the responsibility of the business to ensure a complete-functioning checkout process.
Point of Sale Software lets an inventory manager to overlook on many aspects of the checkout process. One of the POS software’s defining features is its ability to manage promotional codes and let the user to apply particular rules that automate discounts. Whether you want a chain-wide promotion, a deal specific to one location, or even a discount in a product, POS Software lets you to input the data and have the rules automatically applied to clients’ orders. The software also handles gift certificates and gift cards in a secure way.
Point of Sale provides real-time product look-up to allow a manager to track the latest changes in pricing and availability on any product. This convenient feature will certainly help in answering customer service questions related to the checkout process and will cut down time spent searching for the right answer to the client’s needs.
What’s more, POS Software isn’t only for the checkout line- it also includes work force management utilities that can document scheduling, time and attendance. Having this data on file will eliminate discrepancies among employees and provide the management with clear and thorough information about the staff’s performance.
UnavuPOS also provides the user with customizable security rules . With UnavuPOS software your company can be confident that every aspect of the business model at the point of purchase has been covered.
UnavuPOS is ready to provide our customers with premium quality retail management software solution. Our answer to all retailer needs is a software package developed with various features that all work around a centralized database where you can store, access, analyze, and report on data of all kinds. When you think of the software tools needed to manage a retail business successfully, you probably consider items like accounting tools and analytics features, but one of the most common and important tools is the Point of Sale component. Unavu Point of Sale software works as a complete solution for all of your checkout lanes and helps contact with other parts of the software system to improve practices and reach new levels of success.
With live access to any and all data points in your system, the employees will be able to answer any questions that customers may have about a product in the store. You will also be able to verify prices, styles, and more. All markdowns from the head office are applied automatically with this software, so you can be sure that any sale or bundle deal is accounted for in the overall pricing of a customer’s products.
With the capacity to support multiple cost centers, UnavuPOS software lets retail stores such as department stores to maintain many registers and checkout areas in the same place. This is highly effective for giving customers with convenience and will surely improve the satisfaction of shoppers in your store.
These are just some of the benefits that UnavuPOS Point of Sale software has to offer. Use and see how much it can improve your business!
If you see through most of retail establishment, you can see mobile points of sale being implemented. The issue for most of retailers is that those mobile POS are not used to buy products from the store. Why? Because those mobile devices are individually owned. They are in the hands of customers browsing for reviews of items they see on the shelf, comparing prices, and often ordering from a competitor’s site if the deal looks better.
Give Your Staff The Power of Mobile POS
When sales persons are equipped with UnavuPOS Mobile Point of Sale, they are able to compete by offering services that cannot be accessed by anyone with a smartphone. Because it is integrated with the inventory, the sales associate can immediately look up item availability. This can be done by searching for style, product code, or description.
The centralized database allows your staff to look at all inventory, chain-wide and in real time. A product from another location can be reserved and shipped to the customer’s desired location. Store transfers have email confirmation. Prices can be confirmed and the sale can be made right there in the aisle. Since there is no need to go over to the customer service desk or stand in line at the register, busy customers can get what they want and stay on schedule.
Staff can up-sell and cross-sell with insights from the customer’s purchase history as they update customer profiles and look for any promotional advantages currently being offered in loyalty clubs. The UnavuPOS Mobile POS advantage helps your team turn shoppers into clients who have a committed relationship with your business.
Give Your Customer The Convenience of the UnavuPOS stall(Kiosk)
The UnavuPOS Mobile POS fundamental can also be used to allow independent customers who would rather search for product information themselves. stall located throughout the store can be equipped with the software appropriately so that customers can search for detailed product information, images, inventory availability, and pricing.
This convenience keeps shoppers looking at your own offerings and improve sales. All they need to do once they have verified the availability of an item is ask an associate to complete the sale. UnavuPOS makes it possible to give customers what they are looking for by giving retailers the mobile point of sale they need today
One sure way to boost your retail store’s marketing and customer service power is to install a point of sale system. A good POS system delivers four very powerful benefits right from the moment you start working it. Here are four powerful benefits to a solid POS system:
The right POS system will allow you to customise and personalise the service you provide for each customer that walks into your store. By capturing the name and other personal information of your customers, you can learn about them and their buying habits over time, which will allow you to know them better and deliver better service customised to their individual needs.
As you get to know your customers, you can set rules in place for your POS to help you manage your customer relationships and to market the right products to each customer. The rules should be fully transparent and allow you to manage your customers and your products better.
A good POS system has built-in reporting so that you can get a bird’s eye view of customer buying habits, product inventory, sales target tracking, statistics,and much more. You can run your business more efficiently while managing your customer relationships more effectively.
Better Payment Processing
With flexible payment processing, you can have each customer pay in the way that is most useful to them. Whether you take credit cards and debit cards or act on a cash basis, the right POS system will help you manage and process payments faster and more efficiently.
A best POS system integrates well into your current retail management solution. It makes processing payments quicker and easier, helps you to manage your customer relationships better, and gives you the power to deliver personalized service to each and every customer. In short, it makes your retail business better and more efficient overall.