Could we save you money during the cost of living crisis?

Take a look at our list of strategies you can utilise today

Could we help you save money during the cost of living crisis?

The cost of living crisis in the UK is affecting everyone, including the convenience and retail store industry. At Procuria we pride ourselves on helping people in any way that we possibly can, making us all stronger together! We have put together a short list of strategies that you can utilise if your store is feeling any financial pressure during this difficult period.

1. Efficient inventory management: Implementing effective inventory management systems can help reduce waste and prevent overstocking or under stocking. By accurately tracking sales data and demand patterns, store owners can optimise their inventory levels and avoid unnecessary expenses. We specially deal with suppliers who can work in singles and smaller case sizes where applicable, which can help you effectively manage your inventory.
2. Supplier pricing: It is important to engage in negotiations with suppliers to secure better pricing and discounts. Consolidating orders, forming buying groups with other convenience stores, or seeking out alternative suppliers may result in cost savings. By joining the Procuria family completely free of charge, you could get access to centrally negotiated rates on over 35,000 products and services.
3. Technology Solutions: Ensure you are using up to date technology to automate processes and reduce labor costs. For example, Point-of-sale (POS) systems can streamline transactions and inventory management, while surveillance cameras and anti-theft measures can minimise losses due to theft. Procuria offer both of these services in our E-Catalogue which you can view here.
4. Waste reduction and recycling: Implementing waste reduction initiatives, such as recycling programs for paper, plastic, and other recyclable materials can lead to great cost savings. Procuria are a registered waste brokerage and are here to help with any queries you may have regarding this strategy.
5. Financial management and budgeting: Maintain a tight control over expenses through effective financial management. Regularly review budgets, track expenses, and identify areas where costs can be further reduced. Identifying service areas in your business where costs can be lowered is a great tactic for money saving. Examples of this are things such as merchant services, broadband, telecoms and even floor mats.

Whilst reducing costs is essential, it is equally important to maintain quality standards and provide excellent customer service to ensure long-term success and customer loyalty.

If you think that Procuria can help you during the cost of living crisis then please give our team a call on 0345 300 9027, or email us on admin@procuria.net.