If you total up just these three key advantages of a good Point of Sale system, your business could see a change in its budget totaling over $22,000 in one year. These benefits alone more than pay for a good Point of Sale system in a short amount of time. Get yours today!
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A good Point of Sale system will give your small business many profitable benefits. One of these is the reduction of theft. It is estimated that 14% of employees are dishonest. 21% of employees are honest, and 65% of employees would steal if they saw others stealing without any consequences. A good Point of Sale system will prevent employees from giving away your products to customers. It will also make it easier to identify those employees that are dishonest by documenting and reporting those who are trying to void or alter kitchen orders or inventory items. A good POS system also makes it easier to see which employees are giving away things without entering them into the system or scanning them for purchase. These techniques and features are estimated to reduce theft by approximately 23%. If your employees were stealing $100 per day, you would be looking at saving nearly $8,500 per year in theft reduction!
Point of Sale systems are also great for tracking gift cards. In the holiday season of 2006, there was an estimated $80 Billion sold in the US in gift cards. The wonderful thing about them is that 10% of the gift cards were never even redeemed. Furthermore, those that did redeem their gift cards, spent an additional 45% while doing so. Point of Sale systems make it easy to obtain attractive, catchy gift cards and are estimated to increase your total sales by 2.5%. If your business does $500,000 per year in revenue, that equates to an additional $12,500 per year!
A good POS system is estimated to reduce costly, and time consuming errors by around 5%. Many people don't believe their errors are costly, and that 5% isn't much of a reduction anyhow. Take a restaurant for example. If the restaurant throws away just six $10 plates per day, it loses $420 per week in food costs. Additionally, it loses the electricity spent on cooking the food and 17.5 hours worth of salary per week to pay 1 cook if each plate takes 5 minutes to prepare. Assuming the cook makes $7 per hour thats an additional $123 per week lost in preparation. These totals account for an additional waste of over $550 per week in food waste. A 5% reduction in food waste in this instance would save the business approximately $28 a week or $1450 per year!
Point of Sale System Key Advantages