In the grocery and convenience industry, there's no time for downtime. The volumes are huge, turnover is high, opening hours are long, and many thousands of customers pass through stores every day. High uptime POS solutions are crucial.
The high volumes that characterize the grocery and convenience industry drive a need for end-to-end efficiency for customers as well as retailers.
Key challenges in grocery and convenience
Efficiency all the way
Customer journeys must be highly efficient from article selection through to payment, utilizing seamless checkout solutions and retail checkout solutions.
Need for speed
Fast transaction processing and accurate discount calculations must always be speedy and stable, especially during maximum peak periods with extremely high transaction throughput.
Loyalty and customer retention
Because the industry’s per-article profit margins are often low, chains must attract many customers through their stores, preferably with large basket sizes. To ensure that, it’s important to retain customers, so customer clubs that award loyal customers play a significant role in the grocery and convenience industry.
Efficient and flexible use of staff resources for improved customer experience
In the grocery and convenience industry, traditional staffed checkouts tie up staff even at low-throughput times of day and at peak hours, those traditional checkouts tie up customers, who must queue. That’s why many chains investigate alternatives, such as self-service checkouts (SCOs), Scan&Go apps, fast lanes, AI, etc., to offer flexibility and free staff resources from physical tills.
High volume, high risk
We live in an unstable world where organizations, including large retail chains, are increasingly targeted by disruptive cyberattacks. If chains in the high-volume grocery and convenience industry fall victim to cyberattacks, they can suffer multimillion losses in lost sales caused by days, or even weeks, of being unable to trade. Not to mention bad publicity and the potential loss of customers who quickly learn to take their spending elsewhere. That’s why chains in the grocery and convenience industry are looking for solutions that can help them maintain sales even during cyberattacks.
What does it take to be successful in grocery and convenience?
At Fiftytwo, we provide grocery retailers with flexible and adaptable solutions. Our tools streamline operations and address both local demands and market trends, helping clients succeed in a competitive market.
- Adaptable POS solutions for seamless integration: Markets and technologies change at a rapid pace, and most retail chains have growth and expansion ambitions. A POS solution typically has a lifespan of at least ten years, so it’s hugely important that it offers enough deployment and POS system integration flexibility to enable retailers to scale and adapt to whatever changes may come.
- Unified commerce for consistent customer experiences: In many grocery and convenience industry chains, the POS solution works together with webshop systems, Click&Collect, etc., in unified commerce or omnichannel ecosystems, where prices, campaigns, and discounts must be the same across all channels at any time.
- Efficient chain and local store management: Chainwide management, maintenance, and bulk handling of administrative tasks must be efficient. However, the need for efficient administration also applies to store-specific back-office management, for example when individual stores need to run local campaigns or mark down articles locally for a limited time.
- Integrating POS solutions with key retail systems: Stores’ high turnover, the large number of articles as well as discounts and campaigns that may change several times a week pose a need for extremely efficient integrations between the POS solution and retailers’ other solutions. For example: supermarket management software, payment, ERP, loyalty, sales monitoring, electronic shelf labels (ESLs), fraud detection, cash management systems, inventory management, space management, reporting, data analytics, financial reconciliation, digital receipt repositories, and more.
- Insightful analytics for business improvement: Grocery and convenience chains’ analysts need access to comprehensive logging of all user interactions, API requests and responses, processes, and database actions related to the POS solution. This is essential for analyzing business strengths and challenges. Additionally, comprehensive logging helps maintain full transparency, control, forecasting ability, and regulatory compliance.
- Maximizing existing hardware investments: Chains in the grocery and convenience industry have a very high number of tills and other touchpoints, each with costly hardware. That’s why chains often want to reuse as much of their existing hardware as possible when they switch POS solutions.
- Streamlined processes for rapid staff onboarding: That’s why new staff onboarding and training, as well as the related management of access, authentication, and permissions, must be quick and easy.
- User-friendly design for high-traffic environments: POS system user interfaces for all audiences – be it frontline staff, back-office personnel, or customers who use stores’ customer-facing displays, SCOs, or Scan&Go apps – must be highly usable so everyone can easily understand processes and complete them efficiently.
- Operational efficiency and proactive problem resolution: If something goes wrong in this high-volume industry, effects are immediately felt on stores’ bottom-line figures. Any disruptions must be kept to an absolute minimum, SLAs are paramount, and support must be available whenever needed and able to resolve problems quickly. Ideally, operations monitoring should spot signs of trouble before they turn into a problem.
Fiftytwo meets the needs of grocery and convenience
With extensive experience in the grocery and convenience industry, Fiftytwo understands the sector's challenges and excels in delivering solutions that meet its unique demands.
Here are some ways 52ViKING supports the grocery and convenience industry:
Future fit
Proven stability and speed
High usability
POS Designer
Mobile POS
Emergency POS
No backend dead-ends
Retailers benefiting from the Fiftytwo POS solution
Føtex, Bilka, and Salling stores in Denmark, as well as Netto stores in Denmark, Germany, and Poland
Read customer caseDanish chains MENY, Spar, Min Købmand, Let-Køb
Danish mobility convenience chain
Norwegian mobility convenience chain
Streamlining the payment process at Europris
When Norwegian retail chain Europris sought a new POS system, prioritizing scalability, flexibility, and reliability, they initially looked for a local Norwegian supplier. However, after thorough evaluation, they chose Fiftytwo as their preferred supplier due to the advanced design and features of their POS system, 52ViKING.
Read case