Manual Inventory Tracking Compared with Inventory Tracking Systems on Computer Essay Example
Manual Inventory Tracking Compared with Inventory Tracking Systems on Computer Essay Example

Manual Inventory Tracking Compared with Inventory Tracking Systems on Computer Essay Example

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  • Pages: 4 (1006 words)
  • Published: March 27, 2017
  • Type: Analysis
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A good inventory tracking system accomplishes four things: 1) it shows what merchandise is in stock,

  • it shows which items are on order,
  • it notifies the retailer when ordered merchandise is scheduled to arrive,
  • it tells what merchandise has been sold.

This information is used to plan future purchases, to determine what is selling and when it is selling, and it helps determine what items need to be reordered or discontinued.If the company carries a large inventory, has a large variety of items in stock, or re-orders frequently then a computerized system would be easier to use and maintain. They provide greater accuracy and more flexibility in the types of information and reports that can be generated by the program. Systems update inventory counts at the “point of sale” and because of

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this instant update, retailers have a better idea of what needs to be reordered, what items are moving, and what items are stale. t is easier to maintain and utilize than a manual system.

Tracking sales is much simpler because all the calculations are done by the computer and can be printed out in a number of financial reports. financial reports can be customized to show profit by day or by item. medium to large inventory with more than one item in stock a computerized system may be more effective in tracking you inventory and maintaining your records.

Time Savings As the old saying goes, “time is money. ” The amount of time that can be saved by a business is, perhaps, the biggest benefit of using a computerized inventory system. Accuracy An additional benefit of using a computerized inventory system is the accuracy it ensures

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Eighteenth century English poet Alexander Pope is often quoted as having said, “To err is human. When an inventory list is maintained by hand, the margin of error widens with each update.

If one mathematical calculation is wrong or one typo is made, disaster may occur. Consistency A small business operates most efficiently when its processes are executed in a consistent manner. By using a computerized inventory system, a business owner can ensures that all orders, reports and other documents relating to inventory are uniform in their presentation, regardless of who has created them. This will allow ease of reading.

In addition to the direct cost savings, restaurant POS systems offer detailed reports that can help you make more informed business decisions. Sales reports help you better predict volume and schedule employees appropriately. Inventory reports help you order the right ingredients week after week, cutting down on wastage.And order reports let you see which items are most popular, which items generate the most profit, and which items you should probably drop from your menu.

Servers at table service and fine dining restaurants will spend less time inputting orders and more time helping your guests.Every second saved helps boost your profits. The Restaurant POS Sector point of sale system is designed to speed up the operations in your restaurant. Organized The kitchen is the busiest area in most restaurants. Errors in preparation can cost precious time, money and customer loyalty.

Restaurant POS Sector prints orders clearly in the kitchen. Orders sent to the kitchen printer include each item ordered, the modifiers on the item (printed in red), easy to read printout that includes a unique order number and order time.

Details EPOS cashThe detailed reports built into Restaurant POS Sector provide the numbers you need to help you make smart business decisions. Many restaurant owners know they are making money but don't have an accurate picture of how much profit they make or what factors of their business they can alter to increase that profit. Comprehensive sales reports help you determine how much money you're making.

Reports that list your best and worst selling menu items, combined with a shopping List report that estimates ingredient usage based on the food ordered through your POS, will help you reduce your ingredient costs 1-5%.Labor per dollar hour comparison reports, tied to the built-in time clock, help you avoid costly overstaffing by analyzing how many dollars you earn per employee hour. Fine dining system recommendations Running a fine dining restaurant requires a lot of hard work and long hours. Keeping customers happy as well as tracking your stock and employees are the main ingredients to a successful restaurant. Restaurant POS Sector Point of Sale system will help you manage your restaurant with its vast feature set of valuable inventory tracking, employee tracking and easy-to-use touch screen interface.

Choose from a variety of table management screens where you can see exactly which tables are occupied and even track how many people are at each table. You can also process many tables at once by putting the invoices on hold and opening other tables. Remote kitchen printing is a must for a good point of sale system. This allows you to add menu items to an invoice from a highly customizable menu screen and send the orders to as many remote printers

as you require. The items that need to be cooked will go to a kitchen, all the drinks will go to the bar and all the deserts will go to the desert station.

The orders are sent at the touch of a button. Features like high speed internet credit card processing and quick entry touch screens will speed up the invoicing and checkout process so that you can move your customers faster and more efficiently. Customer loyalty features, like gift cards, will keep your customers coming back. Combining all these features into one package makes Restaurant POS Sector the right choice for your restaurant.

Comunication with PC is integrated into POS Sector, so waiter can send orders directly from long distance (balcony, 2nd floor... to the bar, wich results with maximum speed of service, because order is waiting at the bar for the waiter. Using this system work for waiter will be much more easyer and faster. Order sending is going over wirelless connection to the central computer.

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