How Restaurant Operators Can Harness the Power of POS Data Analytics | Modern Restaurant Management | The Business of Eating & Restaurant Management News

By investing in a data-driven POS platform, restaurant operators can address labor challenges, fine-tune their stock management, design promotions based on current trends, reduce human error and more.

Recent findings reveal that researching a new POS for implementation after 2023 is a priority for 43 percent of restaurants, with 29 percent hoping to upgrade their POS for better omnichannel integrations. This shift underscores the evolution of POS systems from mere transactional tools to comprehensive data hubs. In today's data-centric era, it is imperative that restaurant operators invest in a state-of-the-art POS system that offers customizable reports on crucial KPIs such as sales trends, labor expenses and guest feedback.

Here's how restaurateurs can maximize the benefits of their POS data.

Streamlining Inventory and MenuStudies show that restaurants waste an average of four percent to 10 percent of all the inventory they purchase. Advanced POS systems can monitor that…

Mo Chaar

Since joining Givex in 2007, Mo Chaar has helped Givex expand its North American footprint. He began his tenure as a Business Development Manager before becoming Vice President of Sales for North America and then moving to his current role of Chief Commercial Officer. In this role, he oversees commercial strategy and development worldwide as well as managing the sales teams within North America.

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Mo Chaar