A partnership between Trust and Gander is set to “transform inventory management and markdown processes” in grocery and convenience retail, leading to less wastage and more sales from previously underutilised stock.
The collaboration integrates Gander’s advanced markdown solution with Trust’s inventory management and ePOS systems. Trust’s inventory management tool will log price reductions in real time, syncing directly with the Trust ePOS system and Gander’s markdown platform. Once a reduced item is sold via the ePOS, it will be automatically removed from the inventory list and Gander’s marketing channels, ensuring accurate stock visibility. It will also be automatically removed from consumer-facing listings, eliminating discrepancies between in-store availability and digital promotions.
Retailers will benefit from a significant reduction in food waste, as greater visibility of reduced-to-clear items ensures they reach consumers before expiration. By turning markdowns into revenue opportunities, retail businesses can convert potential losses into sales, improving their overall profitability. Seamless inventory control will allow for real-time updates that enhance forecasting and operational efficiency. Additionally, shoppers will experience improved product availability and competitive pricing, contributing to a better overall customer experience.
Stacey Williams, Business Development Director at Gander, said: “By leveraging digital platforms, we ensure retailers maximise their margins while reducing food waste, enhancing customer engagement, and streamlining store operations.”
