Queen’s Price Chopper Deploys Demand-Based Fresh Item Production Planner for Added Sales & Gross Margin
Scottsdale, Arizona – Smart Retail Solutions, creators of the ProfitTrax Enterprise Profit Improvement System for retail store profit improvement is honored to announce that Queen’s Price Chopper stores of Kansas City has adopted the all new ProfitTrax Fresh Item Production Planning System for its stores. Other fine Associated Wholesale Grocer Members using the ProfitTrax System include Ball’s Foods, Cosentino’s, Pyramid Foods, Strack & Van Til and Woods Supermarkets.
According to Dylan Queen, Director of Queen’s Price Chopper, we are excited to implement the ProfitTrax Fresh Item Production Planner to help us Optimize Variety and further prevent shrink loss caused by over-production and excessive space allocations.
When we started using the ProfitTrax System about a year ago, they promised a 15% shrink reduction. We’ve achieved that and more, our grosses are up, and every corporate director and all store teams are operating smarter by using the ProfitTrax System. We expect Production Planner will be another profitable step forward.
Production Planner is a cloud-based, SaaS model technology for precise Production Planning and gross margin optimization in all fresh departments. The objective is operational simplification, optimal assortment/variety, and workforce efficiency – all at the lowest cost for excellent annualized ROI, typically 5:1.
According to Larry Miller, President of Smart Retail Solutions; In today’s competitive marketplace, Stores must assure optimal Variety, Freshness and Turns to improve sales and preemptively prevent shrink loss. It all starts with a smart Order and Fresh Item Demand- based Production Planning based on precise sales forecasting. This is the next evolution for Users of the ProfitTrax Profit Improvement Operating System.
ProfitTrax Trainers provide expert and comprehensive Operational Best Practices Training for all end-users and monitors retailer implementation effectiveness. ProfitTrax is a “System” of smart analytics that enables and promotes consistent best practice execution for store teams.
Companies routinely report between 125-200 basis points of Store Gross Margins gains.
Dawn Gammon, VP of Customer Success at SRS added, “ProfitTrax is growing. Production Planner eliminates guesswork associated with optimizing variety, case and display sets, maintaining peak product freshness and preventing shrink loss. We worked hard to make our Production Planner easy to use and we expect retailers will enjoy an additional 15-20% shrink reduction, 12% labor efficiency enhancement, lower supply expenses and added Fresh Item sales. It’s exciting to launch our ProfitTrax Production Planner at Queen’s and our other AWG retailers.”
About Smart Retail Solutions / ProfitTrax
ProfitTrax® is the flagship Profit Improvement BI and Best Practices System of Smart Retail Solutions. ProfitTrax is a cloud- based, SaaS model, Enterprise Business Intelligence System providing Daily “Action Alerts” to Store Teams designed and guaranteed to improve sales, achieve 15% shrink reduction and systematize sustainable store profit improvement. ProfitTrax advanced analytics interprets store-wide data, performs multi-dimensional analysis, and produces Plain English Action Alerts using proprietary Narrative Science. For more information call (602)448-8500, email [email protected] or visit: https://smartretailsolutions.com.
About Queen’s Price Chopper Stores
Queen’s Price Chopper is an Associated Wholesale Grocers retailer operating 5 stores under the Price Chopper banners based in Overland, Park Kansas. The Queen’s Family has operated excellent grocery/ supermarket stores since 1974.