Small grocery store businesses in Texas are up against some pretty significant challenges. First and foremost, grocery businesses walk a tightrope with profit margins. You need an accurate accounting of costs so you can set or adjust prices that keep you competitive, but not operating at a loss. You also need visibility into your inventory, orders, and outstanding invoices to manage cash flow. Additionally, rising labor costs make it essential to make the best use of your employees’ time and get the most return — in the form of productivity, efficiency, and satisfied, loyal customers — for your investment in their salaries.
If these challenges are making effective, profitable grocery management too hard to achieve with manual processes, it’s time to take a hard look at automation. Global Business Technologies (GBT) offers Grocers Supply does much of the work for you. It also provides you with the visibility you need to operate in the black while freeing your employees to spend their time on customer service and other activities that keep your business running smoothly.
How Grocers Supply Works
Grocers Supply helps you manage your inventory, supplier invoices, item costs, prices, and temporary price reductions (TPRs).
Grocers Supply interfaces with grocery store distributors, allowing you to import a list of all the items they offer into your system. When you create a purchase order, the vendor creates an invoice based on what you order.
You can view that invoice through the Grocer Supply portal where they are staged for importing — and you control which invoices to import. The system will alert you to new items and price changes on existing items, so you can choose which to accept and which to flag for follow up to ensure the prices align with the deal you have with the supplier.
The cost and quantity of each item are updated in your system when the items on your purchase order are received. Grocer Supply also allows you to set up a process to keep TPRs in sync with your system.
In addition, Grocers Supply has a feature that allows you to print labels directly from the system. You can print labels for items with price changes individually or create a batch for new labels that ensure you are selling items at a price that generates profit.
Grocers Supply Works with Your GBT POS System
A hurdle to effective grocery management is not being able to find technology that integrates. It’s much more efficient to use systems that communicate with each other and share data.
Your point of sale (POS) system that you use for payment transactions, inventory management, your gift card and loyalty rewards program, and reporting may not give you the option to add features like Grocers Supply. If that’s the case, you’re locked into tracking items, costs, and margin manually — which can take 15 to 20 hours per week.
Fortunately, Grocers Supply is designed to work with your GBT POS system, so you can automate this work, save time and money, and make sure you aren’t losing money when your supplies issue price changes.
Want to learn more? Contact GBT today.