grocery stores

The impact of technology on the transformation of rural grocery stores

Significant developments in the world have led us all to adjust on the fly in recent years. With today’s technology breakthroughs, the process of turning our problems into solutions has become much faster and more efficient. Even for businesses to succeed, incorporating technology and innovation has been a key component. Whether it’s attracting new consumers, enhancing interaction with existing customers, lowering operational costs, or inspiring internal employees, technology can bring a variety of benefits that have a beneficial impact. These advantages can also help you increase your revenue and margins.

In India’s retail sector, e-commerce has made huge inroads: by 2025, 220 million people are projected to purchase online, and the business is forecast to rise to INR 13,97,800 crore. Despite this, small-format vendors and neighborhood Kirana (grocery) stores still account for over 90% of India’s grocery retail commerce. These grocery stores must quickly embrace digital technologies in order to keep up with the shifting retail landscape and increasing consumer demands. This post examines administration, large e-commerce enterprises, and other private sector digitization activities, as well as current concerns about technology adoption among grocery store owners. Grocery stores should be digitized using the physical plus digital paradigm, which we call ‘phygital,’ or by aiming for convergence with large merchants and e-commerce enterprises, according to the report.

B2B platforms like QWIPO have created a tech-driven business strategy to give a one-stop solution where shop owners can receive all the SKUs under a single umbrella to keep the shop owner’s business-focused and enhance top-line revenue. This helps to build an ecosystem for Kirana store owners that is similar to the organized retailer market and elevates them to compete on an equal footing. Local grocery store owners can place orders at any time of day with a single click, without even leaving the house. These systems ensure that commodities are purchased directly from top vendors, skewing middlemen with the correct market price.

In the Indian retail sector, technological advancements are required to modernize distribution and supply-chain procedures for the benefit of both firms and consumers. This can be accomplished using Kiranatech, a technique that is generally by local grocery shops to turn Kirana stores into highly productive enterprises.

Know how the tech assets transform the way of Indian Grocery stores: the key insights

Online ordering and tracking

Orders can be placed with no minimum order value using mobile applications and websites that are specially designed and developed for grocery stores. Grocery stores can allow individuals to use these web and mobile apps to place orders and track them in real-time. These orders are delivered within two to three days, and customers receive high-quality products at reasonable prices.

Inventory management 

Most store owners have limited insight into their stockpiles, resulting in expired merchandise or missed sales opportunities. It is difficult for a single person to adequately and efficiently manage stocks. As a result, grocery store owners have traditionally had a difficult time procuring and controlling inventory.

POS Implementation

Independent businesses like you can give exceptional customer service in their stores because of our quick and easy checkout. It’s impossible to imagine a faster way to create item labels and shelf tags for pricing. You’ll see why more and more Indian food stores are turning to EZB Solutions for the incomparable functionality of their POS solutions, which includes the ability to easily set up high-speed checkout lines with touch screens and scanning, as well as incorporate scales for effective price monitoring.

List the amazing benefits that grocery stores are gaining with the raise of digitization:

Increasing Operational Efficiency

Gaining customers’ trust and revenue easily

Offering customers a multi-channel shopping experience

Easy inventory check-up

Allow customers to check available varieties while placing orders

Make customers enable to checkout digitally

Collect customers’ feedback on every purchase

Conclusion: The Future of Indian Grocery Stores

Grocers have been able to modernize their technology by offering online ordering, delivery, and accepting digital payments and other services in the aftermath of the pandemic. Furthermore, they have grown closer to their local customers.

The in-store operations of Indian grocers have been streamlined thanks to technology. Their company may now function with a small number of employees and the basic minimum of skills to make appropriate judgments based on reliable data. As a result, they look to be accelerating their growth. 

We have some excellent news for you if you’re seeking a strategy to stay ahead of the curve in retail. We specialize in assisting organizations like yours in better understanding and implementing digital transformation strategies to help them flourish. Before it’s too late, our experts can show you how to capitalize on this trend. Contact us with any inquiries or to schedule a free strategy call–we enjoy hearing from forward-thinking companies like yours!

By alpana j 0 Comments
POS for small businesses

8 Reasons To Implement A Point Of Sale System For Small Businesses

On average, around 56% of retailers who hold a single store still operate with the traditional cash register. This figure sheds light on two important aspects. On one hand, it indicates that the majority of small business organisations still prefer the traditional method. It also reflects that others have already started migrating to the POS system for small business. If you are a small business entrepreneur, you need to choose one of these options. If you intend to grow your business, the modern approach will work wonders for it.

When it comes to implementing point of sale systems for small business, there are many reasons. Here are a few of them.

Reasons why small business organizations must include POS
To begin with, this move can single-handedly streamline the operations of small business organizations. Plus, it also adds value to such organizations in several other ways. These include the following:

1. Cost savings

A POS system acts as cashier software for small businesses. It cuts down the need for hiring additional manpower and leads to cost savings which are essential for small business organisations, especially the ones that operate at a tight budget.

2. Better customer experience

A POS system expedites transactions and at the same time, also ensures that customers get their preferred items at reasonable prices. Both these factors work together to create loyal customers.

3. Efficiency in the control of inventory

Retailers need to maintain adequate inventory without exceeding its limit. This can be tricky, especially without the knowledge of the number of products in their inventory. The excessive stock of items, as well as the lack of it, can cost a retailer dearly.

This is precisely where a POS system can help a retailer exercise better control over their inventory. By giving them a clear picture all the time, it keeps them posted from time to time.

4. Ease of the retrieval of the purchase histories of customers

Your small business venture may not have too many loyal customers. But their purchases can contribute up to two-thirds of your overall business revenue.

By retrieving the purchase history from a POS system through its online retail software for small business, you can create an effective loyalty program. This way, aside from boosting the sales of your business organization to generate more profit, you can also make your customers happy. It would lend you a helping hand in your efforts for customer retention.

5. Improved business intelligence

To keep pace with your competitors in the competitive business world, you might need to make informed business decisions. Access to key business data or information in the hour of need can make a big difference to how you make your business decision.

By choosing the best POS software for small retail business that you run, you can get to know about several details at once. These include the items that sell quickly, the effective marketing campaigns and the duration of time when your store witness the bulk of the activities. Also, you can get to know about the employee data and identify the best performers in your organisation.

6. Integration-based enhanced productivity

Do you run your retail business with the help of a number of tools? If yes, pairing them together with the help of a POS system can help increase both your productivity and efficiency. For best results, look for one of the advanced small business retail POS systems that can work with all your preferred tools and integrate with your workflow.

7. Ultra-personalised marketing campaigns

POS systems provide information about customers to small business organizations which they can use for marketing purposes. Also, small business enterprises can use the information from the POS system for creating loyal programs to increase customer engagement. It also leads to a better sales system for small business.

8. Quick access to business (both online and offline)

For small retail business owners, being able to work on the go is what matters the most. Whether they are travelling or are at home, they cannot keep their mind away from work. While they prefer to access their business data online, sometimes they may also feel the need for being able to access data offline.

This is precisely where a POS system can be of great help to you. With this system at your disposal, you can monitor your business data from anywhere. That is to say, you don’t need to be physically present in your workplace to retrieve business data.

Final thoughts
In view of the current business dynamics, an operational POS with retail software for small business is a winning combination. Do you own a small business and want it to grow and remain relevant in the competitive business world? If yes, a POS system can be a game-changer as well as a valuable asset to you. If you haven’t included it in your business operations yet, consider doing it now to meet the targetted goals of your small business enterprise.

By alpana j 0 Comments