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TOBACCO BUSINESS INTERNATIONAL
SEPTEMBER/OCTOBER 2014
and choose from a variety of options for
creating purchase orders. For example,
a retailer may want to tailor inventory
levels to historic monthly sales patterns,
keeping a minimum of 10 days’ worth
of product on hand at the beginning of
the month and eight in stock for the
remainder of the month. “The system
will generate a suggested order, and
also show you the 52-week high and
your 52-week low sales figures for that
item so that you can choose to raise or
lower the order amount based on that
information,” says Nolan, who notes
that the system reduces paperwork
dramatically. “We communicate elec–
tronically with most wholesalers and
we’re able to send and receive orders so
that if there are any changes, you don’t
need to sit there and enter them all in.
It’s a huge time savings.”
Perfect Pricing
Prices can also be updated globally by
individual SKU or by brand—a function
that is particularly helpful with buydowns
and other price changes unique to tobacco
products—at any time. “We are able to
enter the date and time that a buydown
should start and when it should end,”
explains Nolan. “The reporting capabilities
of the system help make sure that you get
paid properly by manufacturers. Ninety
percent of the POS systems out there don’t
do buydowns properly.”
FasTrax is able to handle tobacco-
specific issues that some POS systems
have difficulty with, such as reconciling
“The reporting
capabilities of the
system help make
sure that you get
paid properly by
manufacturers.
Ninety percent of
the POS systems
out there don’t do
buydowns properly.”
