The results are predictable and costly.
In most stores, 30% of the inventory generates 100% of the profit. Sixty percent is marginal at best. The remaining 10% is dead inventory that sits for months — sometimes years. Managers often can’t remove this dead stock because doing so hurts their own bonus. Learn more about this in Why Many Mid-Range Convenience Stores Are Failing.
Every store has its own unique fingerprint. Two stores just three miles apart can have dramatically different product movement. In one location, New York Chunk ice cream flew off the shelves while Cherry Garcia sat untouched. Three miles away, the exact opposite was true. These differences are driven by the local customer base — their income, ethnicity, occupation, and preferences. Yet suppliers continue to stock stores as if they were all the same. Learn more about this in Small Business Retails’ Last Chance.
Our AI-Powered System Changes This Completely
By analyzing millions of historical transactions, our algorithms can predict with roughly 90% accuracy exactly what each individual store will sell during the next delivery cycle. This allows the retailer to order only the inventory they will sell before the supplier’s invoice comes due.
If a supplier delivers more product than ordered, the excess becomes a gift. The supplier has two weeks to retrieve it, or the store keeps it at no cost.
This approach puts the retailer in control while creating real benefits for both sides. Retailers eliminate dead stock and improve cash flow. Suppliers achieve faster inventory turns instead of having millions tied up at their facilities.
The system is designed to be simple to adopt, with three clear stages:
- Stage 1: Send us your monthly sales data and receive a detailed analysis report for just $14.98
per report. No long-term contract required.
- Stage 2: We provide exact order quantities for each upcoming delivery cycle.
- Stage 3: Transition to daily small-package deliveries instead of traditional 18-wheelers.
After fifty years in this industry, I’m convinced this is the future of convenience store retailing. The technology exists. I’ve been planning this for 8 years. The data exists. The only question left is who will take control of their shelves first.
I can’t tell you everything here, but I will tell you all about it if you contact me. An NDA will be required for more than basic information!
Go to http://www.StoreReport.com, and contact Bill Scott through the website or email Bill directly by emailing BillScott@StoreReport.com with the Subject: VIRTUAL CONSIGNMENT.
