Scan Based Trading
May 31, 2017
Our grocery retail customers are more frequently participating in scan based trading with their vendor partners. With scan based trading, the vendor owns the product in the grocery retailer’s store until it is sold to the consumer, therefore, they are paid based on item movement instead of purchases. Benefits of this exchange include reduced cost of inventory and reduction in non-sellable products. BRdata Host or Store can automate sales data transmissions to vendors and the creation of receipts for vendor payment. The process is most commonly used with perishable items, such as bread and ice cream provided by direct bakery and dairy vendors. Other common items are newspapers and magazines. Please contact your BRdata helpdesk if you would like to get started or learn more about this program.
The BRdata Cloud app had several updates during the month of May and has received positive feedback from customers. Now authorized users can easily access consolidated item movement for their chain or store, with the latest iOS release supporting financial dashboard views. Retailers are easily obtaining their cloud data from their iPhone, iPads, and Android devices with the BRdata Cloud app.
BRdata World 2017 is rapidly approaching and is only a little more than three months away. The conference is packed with education, case studies from your peers, and networking activities. Please visit our website to register or for a listing of the sessions.
As always, thank you for choosing BRdata for your retail technology needs and for your continued support.
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