Retailers face a number of food safety challenges: supply chains are becoming more and more complex; regulatory requirements are increasing; consumer preferences are changing; prepared foods offered at retail are expanding; and our workforce is changing.
How do you convert cash registers to cash flow? Simply put, that's the question at the core of working capital management in CPG retailing. It's a business that usually deals in cash receipts at the point of purchase, with a relatively large and ever-shifting inventory on the front end.
In food retail, everything starts with the shopper. We operate in a consumer-driven industry with an inextricably linked value chain – consumers are more in control and they expect an engaging and enjoyable in-store/shopping experience.
Every business would like to have an accurate crystal ball. But since they don't exist, predictive analytics is the next best thing.
Predictive analytics is the systematic study of historical results, of sales or other aspects of a business, to determine patterns and predict future performance.
FMI Connect award programs recognize store-level managerial, culinary and wellness employees and programs that contribute to improving the company and the communities they serve.
Store Manager Awards: Now in its fifteenth year, FMI's Store Manager Award program represents our desire to e