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  • Back-Office
    Inventory
    08/23/2019 Reading time: 5 min

    These days, convenience store inventory has become a key ingredient in a business’s success. Manage it well and your profitability will soar. Manage it poorly and you may find yourself out of business very quickly. And, given the size and variety of most c-store inventories these days, plus the complex demands of managing multiple promotions and programs, inventory software becomes a real necessity. Trying to manage a challenge as large, complex and fast-moving as store inventory can be a nightmare without it.

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  • Back-Office
    Inventory
    08/23/2019 Reading time: 5 min

    C-Store Office, the internet-based back office system from Petrosoft, has powerful inventory control software tools that can help you perfect management of your inventory. Combined with the proper business procedures, C-Store Office can help you keep accurate item counts, order only the items you need at any given time and virtually eliminate shrinkage.

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  • Back-Office
    08/23/2019 Reading time: 5 min

    In today’s environment, the job of running a convenience store is very different from in the past. The days of managing just a couple of hundred items are long gone. Today’s c-store market has changed from corner store to big business. Retailers today manage stores with thousands and thousands of items and ever changing costs on virtually every order they make. Volatile fuel prices, overworked staff and slow or inaccurate data coming from the store make it virtually impossible to have a highly profitable business.

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  • Point of Sale
    08/23/2019 Reading time: 5 min

    If you could hire the “perfect” employee for your c-store, what would their job description be?

    Would they be able to interact with customers, in person and via mobile devices? Remember what individual customers buy and suggest products and promotions that dovetail with their shopping habits? Quickly verify a shopper’s age before ringing up the bottle of wine they’ve set on the counter? Track inventory in ways that minimize out-of-stocks? That “perfect” employee is available in today’s state-of-the-art POS systems!

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  • Back-Office
    08/23/2019 Reading time: 5 min

    Ask single-store retailers and multi-store operators alike what they consider their biggest business challenges, and the conversation will likely revolve around one topic: meeting customers’ demands while maintaining a healthy bottom line. In order to meet both of these objectives, retailers must anticipate what customers will want and understand the margin for each product they sell.

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  • Inventory
    08/23/2019 Reading time: 5 min

    Right-sized technology provides the critical competitive edge in the retail playing field, particularly among independents and chains. Today’s leading convenience store operators are maximizing their performance by leveraging technology in two interrelated areas of inventory management practice: optimal inventory levels, and a highly productive product mix. See how SG II Group built the infrastructure they needed to manage both their inventory and their bottom line.

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  • Back-Office
    Inventory
    08/23/2019 Reading time: 5 min

    Inventory is a core asset that can make or break a convenience (c)-store operation. Managing c-store inventory, which may include thousands of UPCs, requires tracking key data and metrics as well as having the right operational procedures, infrastructure and technology to optimize the inventory. Poor performing inventory can be due to losing inventory through shrinkage, discarding inventory due to spoilage and being overstocked or out-of-stock on inventory items. This can lead to lower sales, profits and margins. A first step in gaining control over a c-store’s bottom line is getting an accurate view of an operations item-level inventory.

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  • Back-Office
    08/23/2019 Reading time: 5 min

    Many laws govern the forecourt and the convenience store (c-store). Convenience store retailers must be aware of these regulations or face heavy fines, risk being shut down and/or put out of business due to non-compliance. Regulations govern some of the highest selling items in a c-store including cigarettes which, according to the 2014 NACS State of the Industry Report, accounted for an impressive 31.78% of total in-store sales while contributing 14.15% of total in-store profits. Although on a decline in terms of sales, cigarettes are still one of the most important in-store merchandise categories and are subject to heavy regulation.

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  • Inventory
    08/23/2019 Reading time: 5 min

    To produce the greatest return, the inventory carried by a c-store should meet its customers’ tastes, needs and expectations.

    As Hershey’s data illustrates, to carry the right product mix, c-store managers should consider regional, local and hyperlocal trends and demographics.

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  • Inventory
    08/23/2019 Reading time: 5 min

    Keeping track of inventory can help retailers not only meet customer demand by keeping shelves stocked with high-selling items, it can also help them keep a faithful watch on high theft items. Inventory errors and shrinkage can result in lost sales and profits. In addition to optimizing inventory placement and movement, it is crucial to utilize cycle counts (physical inventory counts) to avoid shrinkage and inventory errors. Creating cycle count tickets through Petrosoft’s cloud-based back-office system, C-Store Office simplifies the process of spotting store errors and can help eliminate future errors from occurring.

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