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Sakshi Bhasin Tulsian

Born and brought up in Delhi, Sakshi comes from a nuclear family where she has enjoyed her parents’ support at all times. After her graduation she got a job at Sapient, as she wanted real-world experience and did not want to pursue her education further. Sakshi’s role at POSist is to ‘catalyze efficiency’, Probably it was her love for cooking that led her to co-found India's first cloud-based restaurant management platform. Sakshi has an engineering degree in Computer Science from New Delhi and has run a wed-development company Web Sanchaar, before co-founding Posist with Ashish Tulsian in Jan 2012. Sakshi’s name has been listed in top women entrepreneurs of India in various media platforms.

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How Excelling in Manufacturing Operation Can Make Your Restaurant Win Heights

These days restaurants opt for POS software improves the inventory savage and turnover which in turns increases the cash-flow. A better cash-flow can help improve margins as well as revenue and market share.

Running a restaurant is a continuous journey while people can use technology to command better prices, margins and revenue growth. With an experience of running a restaurant and running a restaurant software management company, a noticeable secret in restaurant running lies in keeping a sharp focus on manufacturing operation.

Inventories accounts for the largest portion of the net assets of any restaurant business. When sales fall below forecast then restaurants are stuck with unsold inventory. While the food is at a major risk to turn obsolete and gets accompanied by more falling prices which in-turn can shrink to the vanishing point.

Made-to-order applies to producing a unit after the customers order is placed. Inventory kitchen also get the information when the customers place their orders and deliver the ingredients required to the kitchen, which immediately places them into production, and waiters take away the food within hours after they're placed.

If the order has to be delivered then the system notes the time out of the entire cycle from the order of delivery. The supply chains can deliver within less time an order is placed. Or on the table the system then squeezes time out and order is placed on the table comes on the software.

These days restaurants opt for POS software improves the inventory savage and turnover which in turns increases the cash-flow. A better cash-flow can help improve margins as well as revenue and market share.

This gives a fair opportunity to restaurants can change its inventory twice a month. Thus restaurant can also make changes in the menu comparing and learning from the competitors and make a decision on improving margins or on cutting prices. Plus it provides the latest improvements ahead of other makers.

By the time a restaurant is functioning well there comes a need to maintain it but on the flip side of the coin the restaurants often have to face margins depressed. Even then with good cash flow at other times they can lower prices at a time when they are not seeing huge customers, and still run high return on capital and positive cash flow.

While you track the inventory supposedly a dish is failing to impress the customers then there lies an option of making some changes to the recipe or even discontinuing it completely.

Every restaurant owner need to track running costs, must sell their products at price that can pay off these costs as well as to achieve the planned profit. The simplest way is to calculate velocity which in the terms of restaurant can be the ratio of sales rupees to net assets deployed in business. This can be called a a production model for the restaurants.

Taking inventory is a tedious but very necessary task. Instead of manually managing all the management on the computer, it is now possible to save it on the POS software and manage it remotely. This eliminates steps from the process which saves time and reduces the chance of human error.

Fortunately when it comes to POS the suppliers are proposing the different module restaurant can opt for services for only what they require.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house



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