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In-store bakery departments are one of the primary drivers for weekly shopping trips for most consumers, according to a recent report from the American Baker’s Association and Food Marketing Institute. What’s more, store-wide total baked goods sales topped $59 billion last year, with in-store bakery-specific sales reaching nearly $14 billion. More good news: The report says those figures are poised for even more growth moving forward. In fact, Progressive Grocer’s 2019 Retail Bakery Review found year-over-year profit figures for in-store bakeries remain strong, even while some other departments may be lagging. About three-quarters of retailers expect their 2019 numbers to improve over their 2018 figures, and about half said their profits from in-store bakery sales in 2018 surpassed 2017 sales totals.
With that kind of growth, retailers need to do all they can to streamline processes in their in-store bakery departments, implementing solutions that reduce waste while maximizing revenue in order to fuel growth and grow their customer base. Not surprisingly, keeping track of inventory and adjusting product offerings to meet the unique and ever-changing demands of customers are the key challenges for retailers with in-store bakeries. Finding affordable, scalable solutions is essential for enabling businesses to stay competitive, and it’s also important for driving future growth.
As popular as they are among consumers, in-store bakeries are also very labor-intensive. This means retailers need to look for ways to make the best and most efficient use of their staff while continuing to drive innovation in the products they offer. ADC’s FreshIQ™ Platform is designed to provide in-store bakery departments and store management with the tools they need to stay on top of inventory, adjust pricing and production according to both production costs and consumer demand, and reduce losses with up-to-the-minute data for reliable, realistic, actionable solutions.
The FreshIQ™ software system combines both bakery inventory management software and bakery costing software into one simple-to-deploy, easy-to-use platform designed to help you tailor your store’s offerings to garner the biggest returns, with responsive features that enable you to stay on top of evolving trends to keep costs and inventory on track. The software system integrates seamlessly with the FreshIQ™ Platform and offers an array of features, including:
FreshIQ™ is completely scalable, which means it’s ready to grow along with your business. Plus, the interface was designed for ease-of-use, making it easy to get your staff up to speed. User-friendly, intuitive design also means your bakery personnel can use the FreshIQ™ Platform easily, without interrupting normal workflow and production.
At ADC, we know all grocery retailers are not created equal. We’ve developed the FreshIQ™ Platform to be customizable, so retailers of all sizes and with all types of customer demands can grow, compete, and thrive in any economy. Our FreshIQ™ Platform is designed to be responsive and accurate, acting as your own analyst-consultant with the sole purpose of helping your business meet the changing demands of the retail food industry. Plus, seamless integration means that you can deploy the FreshIQ™ Platform without hassles and hiccups, letting you focus on managing and growing your business. To learn more about ADC’s bakery software solution or to find out about the platform’s other features and how they can help your business, schedule a free demo today.