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Effective Strategies to Increase Profit in Your Grocery Store: Combating Shrinkage

Managing shrinkage is a crucial aspect of running a profitable grocery store. Shrinkage refers to the loss of inventory or revenue due to theft, inadequate store operations, or other factors. In this article, we will explore effective strategies to minimize shrinkage and increase profitability in your grocery store. Addressing Employee Theft: Employee theft continues to be a significant contributor to shrinkage in grocery stores. To combat this issue, implementing a robust point-of-sale (POS) system or cash register system, such as NCR or MICROS, can act as a deterrent. These systems provide monitoring capabilities that reduce the temptation for employees to engage in theft or manipulate data. By ensuring that transactions and inventory movements are accurately recorded and cannot be altered,...
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3 reasons why you should move to Simphony Cloud today

1) “Always-on”  Simphony’s architecture ensures each property’s operations run without interruption when an Internet disruption occurs.  Using locally deployed services for property operations ensure that the Simphony Point of Sale client running on Workstation 6 Series devices never skips a beat.  2) Powerful Analytics Help You Run a Smarter Business Simphony’s Reporting and Analytics capabilities are powered by Oracle Business Intelligence Enterprise Edition (OBIEE), which enables you to create dashboards and visualizations that highlight your operation’s key metrics.  Using the operational insights provided by OBIEE, you can make faster, smarter decisions that improve your bottom line. Oracle MICROS InMotion Mobile app extends Simphony’s reporting capability to a manager’s mobile device, providing real-time sales information anytime, anywhere so they can always keep pace with what is happening....
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