MAKING A SMART DECISION AND SAVING MONEY! Two Objectives when considering purchasing a Point of Sale (POS) system Supporte...
Point of Sale Systems Advice <ul><li>An introduction to decision making for whether or not to purchase a POS system </li><...
An introduction to decision making for whether or not to purchase a POS system <ul><li>This presentation will challenge yo...
An introduction to decision making for whether or not to purchase a POS system <ul><li>Why do you think you need POS? </li...
An introduction to decision making for whether or not to purchase a POS system <ul><li>Just because the vendor sells all o...
An introduction to decision making for whether or not to purchase a POS system <ul><li>Theft of checks by wait staff will ...
Consider several factors for your hospitality setting <ul><li>Front desk staff are prevented from giving sweetheart discou...
Consider several factors for your hospitality setting <ul><li>Some POS offer MODULES for check in and check out of the tim...
Not all features can be used <ul><li>Do you really need the accounting module? </li></ul><ul><li>Will you use the inventor...
Not all features can be used <ul><li>Do you need a Manager Override Feature to change a bill? </li></ul><ul><li>Or can any...
Not all features can be used <ul><li>Some operations have a family of four who handle the cash and all credit cards and th...
Not all features can be used <ul><li>Be careful not to waste your money on extensive add on modules and features that you ...
Not all features can be used <ul><li>As a Manager of Camp David, a former White House Chef and troubleshooter to Fortune 5...
Money saving features must be driven by a very few intelligent people <ul><li>Most POS systems are made easy for average f...
Money saving features must be driven by a very few intelligent people <ul><li>The high end, highly intelligent Managers wi...
Summary <ul><li>POS is an excellent machine and tool to have! </li></ul><ul><li>POS is designed to pay for itself smartly ...
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Food Service Technology Review

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MAKING A SMART DECISION AND SAVING MONEY!

Two Objectives when considering purchasing a Point of Sale (POS) system

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Food Service Technology Review

  1. 1. MAKING A SMART DECISION AND SAVING MONEY! Two Objectives when considering purchasing a Point of Sale (POS) system Supported by a four step, easy procedure Martin CJ Mongiello
  2. 2. Point of Sale Systems Advice <ul><li>An introduction to decision making for whether or not to purchase a POS system </li></ul><ul><li>Consider several factors for your hospitality setting </li></ul><ul><li>Not all features can be used </li></ul><ul><li>Money saving features must be driven by a very few intelligent people </li></ul>
  3. 3. An introduction to decision making for whether or not to purchase a POS system <ul><li>This presentation will challenge you to consider the facts before you spend a lot of money </li></ul><ul><li>Not every situation needs a $30,000.00 POS system with all of the software and hardware </li></ul><ul><li>Not every establishment needs a $10,000.00 system </li></ul>
  4. 4. An introduction to decision making for whether or not to purchase a POS system <ul><li>Why do you think you need POS? </li></ul><ul><li>What can you prove you will attain with it? </li></ul><ul><li>Can you convince your CPA, attorney and owners of the proof? </li></ul><ul><li>Once you answer the tough questions you might be close to what you really need… </li></ul>
  5. 5. An introduction to decision making for whether or not to purchase a POS system <ul><li>Just because the vendor sells all of the modules doesn’t mean you will actually, really use them </li></ul><ul><li>Some features that can pay off huge are increased efficiency, exact correctness of accountancy (math) and speed! </li></ul><ul><li>Orders placed will be routed all over the establishment fast letting everyone know what is going on and that is excellent. </li></ul>
  6. 6. An introduction to decision making for whether or not to purchase a POS system <ul><li>Theft of checks by wait staff will plummet down as it becomes impossible to ditch a check, steal free food or serve friends for free. </li></ul><ul><li>Orders placed to GET food will be recorded in the main frame and kitchen. </li></ul><ul><li>Credit card acceptance streamlines all financial transactions lowering cash holding and deposit problems each night. </li></ul><ul><li>Wait staff are forced to comply with IRS tip laws and IRS tipping rules. </li></ul>
  7. 7. Consider several factors for your hospitality setting <ul><li>Front desk staff are prevented from giving sweetheart discounts or free rooms as key cards cannot be issued freely. </li></ul><ul><li>Automatic food/consumables ordering and HINT lists MODULE can be purchased and activated based on ingredient usage counts bounced against last nights ticket, room and food sales </li></ul><ul><li>Some of these extra modules can be ordered and used </li></ul>
  8. 8. Consider several factors for your hospitality setting <ul><li>Some POS offer MODULES for check in and check out of the time clock thus eliminating time cards! </li></ul><ul><li>Team hours worked data can be automatically transmitted to payroll and accounting further streamlining former wasted hours, lost cards, forged hours & managerial mistakes </li></ul>
  9. 9. Not all features can be used <ul><li>Do you really need the accounting module? </li></ul><ul><li>Will you use the inventory system and use it to save money? </li></ul><ul><li>Will you have a bar code reader for inventory and hand scanner? </li></ul><ul><li>Or will you use a palm pilot during inventory and then upload later? </li></ul>
  10. 10. Not all features can be used <ul><li>Do you need a Manager Override Feature to change a bill? </li></ul><ul><li>Or can any employee void a bill? </li></ul><ul><li>Should the Manager have to use the card only he or she has around their neck or a key to do an override!!!??? </li></ul><ul><li>Are these security features you need or don’t need? </li></ul>
  11. 11. Not all features can be used <ul><li>Some operations have a family of four who handle the cash and all credit cards and therefore do NOT need those features. </li></ul><ul><li>Some properties do not do inventory weekly and do not need those features. They DO NOT do inventory even monthly! </li></ul>
  12. 12. Not all features can be used <ul><li>Be careful not to waste your money on extensive add on modules and features that you do not or are not going to use. </li></ul><ul><li>You DO NOT have to follow the pack. </li></ul><ul><li>Order features only that will help your operation </li></ul>
  13. 13. Not all features can be used <ul><li>As a Manager of Camp David, a former White House Chef and troubleshooter to Fortune 500 firms I often see wasted money on wasted and useless systems that are not being utilized. </li></ul><ul><li>Massive hardware costs only exacerbate the problem further. </li></ul>
  14. 14. Money saving features must be driven by a very few intelligent people <ul><li>Most POS systems are made easy for average folks to use. </li></ul><ul><li>There is nothing wrong with making a simple system handy to understand by the majority. </li></ul><ul><li>However, for high end data crunching it is advised to have at least two staff members trained. </li></ul>
  15. 15. Money saving features must be driven by a very few intelligent people <ul><li>The high end, highly intelligent Managers will be paid more but will save you more. </li></ul><ul><li>Without them, you will not get much out of your system in the long run. </li></ul><ul><li>Daily input of food receipts is critical via hand or EDI to monitor food costs to the hour on the menu </li></ul>
  16. 16. Summary <ul><li>POS is an excellent machine and tool to have! </li></ul><ul><li>POS is designed to pay for itself smartly and quickly. </li></ul><ul><li>Only order and use what you truly need and avoid wasted money. </li></ul><ul><li>A few smart people can lead the whole team to enriched profits! </li></ul>
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