Being that so much has changed in the grocery retail industry the past two years, it was imperative to host an in-person conference. By October, it will three years since the last BRdata user’s conference and the feedback to meet again in-person has been very affirming. As always, the conference will be focused on education and best practices, through thought-provoking sessions and case studies from industry leaders and your peers, ensuring attendees are getting the most value from their grocery retail technology investments. Video conferencing has forever changed meetings; however, it cannot replace insights gained from in-person networking and sharing. Additionally, through the exhibiting vendor partners, attendees can see other automation technologies that can be seamlessly integrated into existing operations.
Addressing inflation, product shortages, and labor challenges is paramount. Price optimization, computer generated ordering (CGO), data aggregation, and vendor collaboration are some of the ways these opportunities can be met.
The volume of price and inventory changes is unrelenting. Learn how autonomous models and processes can be used to easily identify an item’s price elasticity, manage TPRs, forecast item and category sales, and provide insights after execution. Through these models, retailers can experience gross profit and revenue gains of 1 to 6% on the optimized items, which can bring a rapid ROI on the technology. Also, learn how optimizing inventory can reduce shrink, inventory, out-of-stocks, and costs, while increasing gross-margin, efficiencies, cash-flows, and customer satisfaction.
One of the many things that makes independent grocers unique is their ability to listen to the consumer and tailor their stores to the communities around them. Through the analysis of sales data from independent grocers, retailers can make merchandising decision that further their focus on the regional and national consumer purchasing habits.
New this year, NGA and BRdata released Independent Insights, an independent-centric cloud-based program that allows users to do just that. On this program you can easily and intuitively see items and categories trending among independents nationwide, allowing you to more easily determine categories or items that you are underselling or not carrying. Learn more about this program and how you can get be at the forefront of consumer purchase trends.