October 17, 2024
4 min read

Automating TPRs to Maximize Margins and Reclaim Your Day

Steven Miller
VP, Grocery Solutions
Automating TPRs to Maximize Margins and Reclaim Your Day

As a grocery store owner, to say you’ve got a lot on your plate is an understatement. Between setting prices, managing vendors, running promotions, and ensuring you’re there for your customers and team members, it is a full-time job and then some. But what if there was a way to take some of that work off your plate and make sure you’re still maximizing profits?

That’s where automating temporary price reductions (TPRs) comes in. Instead of spending hours adjusting prices by hand, automation helps ensure that every promotion boosts your bottom line. Best of all, it frees up your time to focus on what really matters—running your store and taking care of your customers.

Why Automating TPRs Matters

For years, managing TPRs was a grind. You’d spend hours sorting through vendor spreadsheets, double-checking numbers, and verifying that your promotions didn’t eat away at your margins. It’s time-consuming work, and with so many other responsibilities in the store, it’s easy to see how mistakes happen.

Automating this process changes the game. It takes the heavy lifting off your shoulders, adjusting prices automatically and accurately when needed. Instead of worrying about whether a promotion is going to make or break your margins, the system does the math for you—checking each deal to make sure it’s worth it.

Stop Wasting Time on Price Management

The question is, do you want to spend your time managing prices or running your store? Automation lets you do more of the latter. With tools like StoreKeeper, you can set your rules once and let the system handle the rest. You’ll still have full control—if you see something on the shelf that looks off, you can always go in and make a change—but the day-to-day work of managing promotions is handled for you.

Think about it. Instead of sitting behind a computer updating prices, you could be out on the floor, talking with customers or ensuring your shelves are stocked with the right products. Automation gives you that freedom while keeping your margins intact.

“TPR Automation has made our TPR process more efficient and eliminated possibilities for error that could erode margins in our stores. We do all this with less effort and more visibility than before we had TPR Automation. Storewise is a true partner in helping Cosentino’s grow our business with better margins and sales.”

- John Cosentino, Owner, Cosentino’s Market

Avoid Costly Mistakes

Mistakes in pricing can be costly. Set your price too high, and customers will head for the big box store down the road. Set it too low, and you’re not making enough to keep your store running. Automation ensures you don’t have to worry about those errors anymore.

With the right system, you can even set thresholds—like “don’t run a promotion unless I’m selling at least 30 units per month” or “only run a TPR if it boosts my margins by X percent.” It’s all about making sure the promotions you run are actually good for business. You’ll get the right price on the shelf without having to manually adjust it every time.

Make Your Day Run Smoother

Automation doesn’t just handle pricing. It also helps with the timing of your promotions. Maybe your vendors update prices on a Saturday, but you know that’s your busiest day and you don’t want to mess with price tags then. No problem, the system can delay the update until Monday, when you’ve got more staff on hand. It even helps you make sure your deals end on the right day, so you’re not scrambling to take down outdated signs or losing money by running promotions too long.

In the end, automating TPRs helps your day run smoother. It takes care of the little things so you can focus on the big picture.

The Bottom Line

At the end of the day, you didn’t get into the grocery business to spend hours updating spreadsheets. You got into it to serve your community, provide for your family, and run a successful store. Automating TPRs lets you do just that. It saves you time, keeps your margins healthy, and helps you focus on what really matters: running your store, taking care of your customers, and maybe even getting back a few extra hours in your week.

Ready to reclaim your day and boost your margins? See how Storewise can automate your TPRs and simplify your pricing. See a demo today!

Subscribe to the Storewise Newsletter

Stay ahead of the competition with the latest industry news, strategies, and technology updates

Recent Articles