Price Management
How much time does your team spend on price management across your store? We have some ideas to help.
Talking Retail recently published an article on the pricing issues found by Scottish Trading Standards from 22 different local councils. The article highlighted that there were frequently discrepancies between the price marked on the shelf (if it was marked at all) and the price charged at the till.
The government website highlights that prices must be displayed in sterling, including VAT where applicable and the price for a single item for loose products. Items that are measured should have their prices displayed in metric (though some products like beer are excluded.) In the current rising cost of living situation Trading Standards are particularly concerned that incorrectly marked prices will cause further problems especially for those whose budgets are strained.
With so many price changes at the moment, it’s difficult for staff to keep up with the shelf edge labels – so we thought we’d help with a quick guide on how best to manage price changes.
ShopMate EPoS can Manage your Stock
In an ideal world, all your stock would be registered on your ShopMate system – if your EPoS knows which stock is in your store, price changes will be notified by email and staff can print shelf edge labels each morning. Find out more about how to manage your stock this way.
If your time is limited you might benefit from Electronic Shelf Edge Labels which automatically update when your ShopMate price file updates. Find out more about Electronic Shelf Edge Labels by speaking to our team +01780480562.
If you manage your stock manually, you can use a hand held Memor to check prices of new items as they come back into stock – simply scan and compare to the existing shelf edge label.
Faster Stock Management with Memor
You can also do random checks using a Memor – do a bay or two at a time and, if you have a Zebra Printer, it’s a quick walk around the store, printing labels as you go.
We are offering the Memor and Zebra Printer together as a Special Offer: Memor/Zebra Bundle.
Contact us via the form below to find out more
