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Convenience stores, liquor stores, and smoke shops are a few examples of businesses in off-premises retailing. The term “off-premises” relates to alcohol purchasing and consumption, meaning alcohol can be bought at the location but cannot be consumed there like with a bar or restaurant. These stores carry a
Scan-based trading (SBT) is a consignment selling model that offers improved inventory management, streamlined processes, and better collaboration between retailers and suppliers. Technology integration is central to its success, facilitating seamless transactions, data insights, and enhanced decision-making. Let’s look at how SBT and technology intertwine to create retail
The quest for variety and customer satisfaction stands as a cornerstone for retail success. One strategy that has been making waves in the industry is scan-based trading (SBT), a method that not only influences inventory diversity but also reshapes the dynamics of local markets. Here are some ways
Relationships are an essential part of successful business management. Trust and collaboration between suppliers, distributors, and retailers keep the three-tier system of alcohol thriving, and the best way to establish that trust is with reliable, on-time payments for goods and services. Electronic Funds Transfer (EFT) payment offers a
Optimizing your business is an ongoing challenge. There are always new things to adopt, new ways to automate your processes, and new customer personas that create their own pain points and opportunities. Many companies are held back by legacy systems that, while they have worked before, need some
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