Pos Types | 8 mins read

POS Types- A Guide to What Your Business Needs to Know

By Lauren Christiansen
POS Types- A Guide to What Your Business Needs to Know

What is a POS Type?

POS types are a universal utility for the restaurant industry that saves time by enabling you to track all of your inventory from one central location. To grow your restaurant, you need to enable your restaurant to do more business. That means you need to increase your throughput by reducing your wait times. POS types can help with this.

What are POS Types?

If you're a small business owner and you're not familiar with what POS types are, don't worry. POS types are simply the different types of POS systems that are available. POS stands for Point of Sale, and POS systems are credit card, debit card, and cash registers. POS Systems come as either a stand-alone system, web-based system, or hybrid system.

Point sale solutions are critical to streamline and maintain business operations. Unlike the traditional cash register, POS systems handle inventory, loyalty programs, employee functions, accounting tasks, and more. Essentially, managers can review the restaurant's entire performance from one centralized location.

POS systems also contain valuable data that managers use to generate reports. These reports vary, depending on queries and functionality of the software. With good reporting features, owners can drill down into bottlenecks and resolve problems. They can minimize waste and find new ways to increase profits. It's also easier to optimize inventory management, to improve the reordering process, and streamline accounting tasks.

Many POS types allow managers to handle timecards and other employee functions. All of this leads to a more organized, effective way to maintain business operations. And the best part is, you can do it from one single platform instead of using 3 or 4 software systems.

Different POS types can help you carry out different functions. Knowing the various components and qualities of each type will allow you to invest in the best POS software provider. Read ahead to learn more about the different POS types and how they can benefit your business.

Why Should You Know About POS Types?

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Have you ever wondered about the many different types of Point of Sale (POS) systems that are available to restaurant businesses? It's not that one is better than the other, it's that each has a specific purpose. Buying the wrong type of platform will not help you reach your business goals. You need to have a firm understanding of existing bottlenecks, customer demands, employee needs, and business requirements. This will help you choose the right POS type that helps the restaurant grow.

A very basic POS system is not going to be good for a large fast-food chain. Similarly, a feature-friendly software solution with a lot of modules is not going to work for a small diner. Do you offer online ordering or accept mobile payments? If so, you'll need to find a system that comes with that type of functionality.

It's critical to know about the various POS types so you can make the best decision for your business. Providers offer many features that can help your restaurant grow. But if you pick the wrong one, you won't receive the type of ROI to make it worthwhile.

Different POS Types

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So, what exactly are the different types of POS systems? While it's impossible to review each provider and the various features, we can break down systems into major categories. This will help you get a firm idea of what is the Best Pos System For Restaurants. These types include-

  • Mobile Point of Sale Systems
  • Tablet POS Systems
  • Terminal POS Systems
  • Multichannel POS Systems
There are certainly many other types of POS software found on each Pos Store, but these are the most popular ones among restaurant business owners. Read ahead for an in-depth explanation of each one and how they work. This will help you narrow down your choice to find the best one for your restaurant.

1. Mobile POS Systems

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Mobile point of sale systems is the latest innovation in the world of POS. But what are they? A mobile POS system is a handheld device that allows for quick, accurate, wireless transactions. With the right app, you can ring up transactions directly from the device, transfer inventory, and more. But why would a restaurant need to use them?

Mobile point of sale systems is great for large events. You can process transactions through mobile devices, or on a tablet. This allows waitstaff to easily walk around and take orders without having to worry about writing them down and giving them to kitchen staff.

But mobile POS doesn't just refer to smartphones, which aren't very relevant to typical restaurants. The app can also be used on handheld devices such as tablets. Many restaurant owners use these systems to streamline the ordering process or handle reservations.

Just like at big events, waitstaff can take orders through the tablet. The data is sent back immediately to the kitchen staff and is typically shown through a kitchen display system. This speeds up delivery times, makes work life easier for employees, and reduces the number of errors.

Mobile POS systems can perform some Inventory Control and can process payments. They also store customer information. Usually, the mobile app is free as long as the restaurant pays for the payment processing fees. Some providers send one free card reader, while additional ones cost more money.

This option is good for small restaurants that do not have a lot of inventory and do not want to invest in a feature-friendly solution. It is also good for restaurants that run regular events. It is not a good option for large fast-food chains or establishments that need to streamline operations from their POS. Providers like Plumpos offer mobile solutions applicable to your restaurant.

2. Tablet POS Systems

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The difference between a tablet POS system and a mobile point sale system is that the software only runs on tablets. There is also not usually an app associated with the tablet POS as there is with mobile devices. This option is one of the most popular for fast-casual restaurants or other establishments where waitstaff need to take orders from customers who are dining-in.

Tablet POS systems are relatively inexpensive in terms of upfront costs. This is because you have to purchase the iPads or Android devices that waitstaff will use. The providers typically charge credit card processing fees or a monthly subscription fee. The solutions are cloud-based, which is great for data security purposes. The vast majority of providers are compatible with any internal hardware you have. This includes barcode scanners, a Card Swipe Machine, or stands where you place tablets.

The type of functionality of a tablet POS depends on the provider. Some only offer limited inventory functions and don't handle loyalty programs. Most options do all of the same things as a regular terminal POS would do. They can handle inventory, streamline accounting, optimize labor management, and more. Tablet POS systems are great for pizzerias, quick service establishments, and coffee shops. They are not great for fast-food chains, large establishments, or other types of full-service restaurants.

3. Terminal POS Systems

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Everyone has probably interacted with a terminal POS system at one time or another. These are the ones you see on the counter when you order food from the local pizza shop or Chinese restaurant. These Payment Processing Companies typically offer cloud-based software and require an internet connection. The benefit of these systems is that the providers usually offer 24/7 customer support in case there is a breakdown or problem. They are great for full-service restaurants, grocery stores, and other similar establishments.

Managers can decide which employees get to use the POS terminal and not. This makes it easy to hold employees accountable for their inputs, and managers can review data specific to each worker. The best part about terminal POS systems is their integration capabilities. They connect to kitchen printers, kitchen display systems, patron tables, online ordering platforms, and inventory management systems. While these systems can be expensive, many are free if the restaurant pays the credit card processing fees.

4. Multichannel POS Systems

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Multichannel POS systems are simply POS solutions that can function similarly across different places. Restaurant chains tend to purchase multichannel POS systems because they work across multiple locations and franchises. They are also good if you have more than one website where customers can order from.

The multi store option is great if you are an owner of a large restaurant that needs to streamline all processes from one centralized location. Let's say you have several different franchises and each has been in charge of its social media campaigns. You are bound to have managers post conflicting information, which is confusing to customers.

Or if you have regular menu updates that are the same across various locations, a multichannel POS system is the best option. Also, your inventory is synched to inventory from other stores. This means you can review data from all stores and make sure that the proper amount is ordered for each. When restaurants can streamline their reordering process, they cut back on waste. This increases the total revenue at the end of the year and ensures that little to no spoilage occurs.

The best part about a multichannel POS system is that managers can generate reports to compare and contrast the performance of different chains. You can run individual reports, or use data analytics tools to compare and contrast by various categories. This makes it easier for busy owners of large chains to make quick decisions.

Owners can also authorize individual managers to run their own reports from each franchise. Not only can the owner perform his job as the CEO of all chains, but each franchise owner can monitor employee performance and improve customer service. It would be virtually impossible to use any other type of POS system unless the owner doesn't care about disjointed or fragmented operational styles.

POS Types- A Guide to What Your Business Needs to Know People also ask

Point of sale (POS) systems are computer systems that allow merchants to process transactions. The point of sale system typically includes an electronic cash register, a point of sale terminal, or a computer with a cash register program that is used to keep track of purchases. POS systems are used in many industries, such as retail, education, and healthcare. POS systems are also used in restaurants. There are four common types of point of sale systems, mobile POS, tablet POS, multichannel POS, and POS terminal devices.

You may think that there are just two or three different types of point of sale machines. But, there are actually five different types of point of sale machines. The first type is the cash register. This is the most basic type of machine, used to track the number of items sold and the amount of money that was exchanged. The second type is the POS terminal. This is a more advanced type of machine that includes the ability to take payments, including credit and debit cards. The third type of point of sale machine is the mobile POS. This type of machine is used by mobile businesses, including food trucks or ice cream vendors. The fourth type is the in-store POS.

What are point of sale (POS) systems? POS systems are typically found in retail stores, restaurants, and other service-oriented businesses. These systems help to manage everything from inventory to pricing to customer relationships. There are many different types of POS systems, but here are some of the most common ones- Hand-held (or mobile) POS systems, Terminal-based POS systems, System-integrated POS systems, Kiosk-based POS systems, and Web-based POS systems