Blog written by Kayla Berry
Dairy vendors are already experts at managing perishable inventory, restocking shelves, and maintaining retailer relationships. But as the business grows, so do manual processes. The challenge is finding time to add new retailers, manage payments, and handle new procedures while supporting continued growth.
Fintech SBT (scan-based trading) can automate payment processes from your retail partners and supply strategic reporting with visibility into inventory data, delivery data, and profit margins.
Gain Valuable Insight Through Inventory on Hand Reporting
Even when dairy vendors have strong day-to-day operations, keeping shelves stocked is only part of the bigger picture. Turning inventory activity into useful insights can take significant time and effort, especially when vendors need to identify where processes, product performance, or replenishment strategies can be improved.
Fintech SBT’s Inventory on Hand reporting provides fast and in-depth information on inventory value, sell-through trends, and available units across retailers and locations. By highlighting products with strong sell-through and declining on-hand inventory, the report helps vendors spot trending items before they run out of stock.
Cottage cheese products have recently been flying off the shelf in stores due to online trends revolving around high-protein baked goods, snacks, and other recipes. With on-hand inventory visibility, reports will reflect products like this that are surging in sales and make it easier to track these trends.
Why Manage Dairy Vendor Operations Manually When You Can Automate?
Dairy products are major consumer items with high turnover and a short shelf life. Changing rates, high sales, and inventory volume leave room for discrepancies when manually completing operations and reconciliation. Because dairy products perish so quickly, reducing shrink is also a critical priority. Fintech SBT’s shrink program helps vendors lower costs through accurate reporting and actionable shrink analytics, providing greater visibility into product performance and loss trends. Learn more about SBT’s shrink reporting in our other blog.
Fintech SBT is built to provide vendors with resources to resolve those discrepancies so that skilled employees aren’t tied up in back-office work. This leaves time for vendors to improve their own performance instead of time-consuming processes like investigating payment issues and validating price books.
The greatest value isn’t about replacing current workers but being able to put their expertise into other business growth initiatives.
Key Takeaways
Fintech SBT is here to help dairy vendors keep track of low-stock products and spoilage through visibility reporting. At the same time, it can automate back-office tasks and manual processes.
With Fintech SBT, vendors gain time back and inventory optimization opportunities.
