Evolution of Point of Sales (POS) in the F&B Industry

If you have been to a modern restaurant, you might have noted the server staff typing an order right after noting it from the client. This hardware which can be a computer, laptop or even a tablet, is called a Point of Sales (POS). Point of sales is probably the first digital equipment restaurant started using and is now revolutionizing how restaurants functions.??

Timeline of POS

The first and most traditional form of POS was the humble electronic cash register invented by IBM in the 1970s. The use of this machine was limited to calculating and recording sales and transactions digitally. The role of POS over the years has changed from the basic cash register to a sophisticated multifunctional system.

The evolution of POS can be summarized as follows:-?

• IMB invented the electronic cash register in the 1970s?
• Gene Mosher develops Graphical POS Software in 1986.
• Microsoft launches the first POS software in 1992.
• Cloud-based software launched in 2007

Importance of POS for the modern restaurant:-?

Restaurant POS has come a long way from its traditional role of recording cash and card transactions and generating sales reports. A cloud-based POS has become an all-in-one technology platform that enables restaurants to automate their routine tasks and free up staff to concentrate on other tasks.

Some of the benefits of a could-based POS are as below:-??

• Gives owners and managers access to real-time and accurate data from anywhere to make informed decisions.?
• Cloud-based systems are cost-effective and economical to upgrade.?
• Highly evolved and robust security measures help protect data of customers and transactions.
• No threat of losing valuable data as the same is backup securely.?
• Data points generated by the POS can be used for efficient customer relationship management.?

As technology has evolved, so has the modern POS, helping restaurants scale up their operation, cut costs, and increase profit margins.

So when are you upgrading to the cloud-based POS?