3. Manage Your Warehouse
Once suppliers and technology providers are selected, micro market business operators will need a system to help keep it all organized and running smoothly. This is where warehouse management comes in. From keeping track of inventory so you know when to restock, to routing your locations, there is a lot to manage, especially if a business is experiencing growth. It’s imperative to select warehouse management tools that aid in inventory, routing, and merchandising while also providing the analytics for all those components.
4. Optimize Your Logistics
Another main detail to consider for new micro market operators is how to service a micro market location. How often will you have to restock your location? How many customers visit each market each day? Are there specific days that sell better than others? Or locations that sell better than others?
These questions might seem overwhelming, especially when compounded with all the other essential duties when running a micro market. Fortunately, a good technology provider should help provide management systems that have sales, merchandising, and inventory management tools, making the answers to those questions available at the tip of a finger.
5. Choose the Right Fixtures
Presentation is everything! Snacks racks are a great way to display shelf-stable items with higher margins, like chips and candy. They also come in different sizes, making it easy to customize a location. Add peg displays around the kiosk to get the most out of a micro market footprint while also highlighting impulse items at the checkout point.