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retail execution

3 Ways Store Intelligence Makes Capex Budgeting More Efficient

October 3, 2017 by Paul Sotrop – Tracking countless projects across hundreds of stores? No wonder your capital budgeting process is such a lengthy, time-consuming process. A store intelligence platform is the better way to allocate capital with confidence:

  1. Smarter Planning – A store intelligence platform becomes your single source of truth and communications hub – a centralized repository for all key stakeholders to access. It gets everyone, every vendor, every project and every site on the same page. By providing location-specific data on capacity, space planning and layout, you better predict cash flow because you’ll see more of where your budget goes – the big picture and also a drill-down: store by store, project by project.

  2. Data-Driven Decision Making – Store-level data drives cost-avoidance projects as well. Replace your subjective best-case-scenario guesses and make more decisions based on objectives. For instance, you can defer the cost of replacing equipment by adding a research component into the mix. Ask project managers to quantify the magnitude and probability of the risk of the equipment failure by providing insight into how often the equipment been repaired. You can also track the status of your equipment warranties across your entire estate, which is especially helpful if you’ve acquired stores with different brands of equipment.

    You can also lower remodeling costs through greater efficiencies. By knowing exactly what each store needs, your budgeting becomes more exact as well.

  3. Real-Time Analysis – Store intelligence helps you monitor implementation of your projects as they happen. You can also identify opportunities for growth and business development. Store intelligence provides analytics to help you determine which sites to invest in based on market, competitive pressures and age of your stores. You’ll be able to spot trends and better understand your customers’ shopping habits. With a store intelligence platform, you’ll be able to manifest your growth strategy quickly and stay on budget as you grow.

The AccuStore Difference

Our dashboard makes it easy to see today’s numbers or look at the past year. Filter to see what’s happening at any of your store locations. Easily update data or get answers by quickly surveying your field team. Or ask your stores to snap a photo so you can immediately see results. Let’s talk! 

Our Brand Story

GSP started as a printing company in1978. We found our niche supplying in-store signage for convenience stores when retailers guessed quantities they needed. This led to overage, waste and expense. To solve this, we developed software to guarantee on-time delivery of “the right size sign, to the right store, every time.”

In 2014, we started AccuStore with a dedicated team. As software helped drive our growth, we realized that new printing and fulfillment sites near customers could drive business and improve sustainability. We acquired companies that fit GSP’s technical excellence and superior customer service models.

First was Great Big Pictures in Madison, WI in 2015. They lead the field in large format printing and visual merchandising for iconic fashion retailers. Their standards for customer service include award-winning sustainability programs, and expertise to bolster retail environments services.

In 2020, GSP acquired Custom Color in Lenexa, KS. The company supplies printed graphics to leading retailers. Custom Color’s stellar quality in fabric printing also aligns with GSP’s values.

GSP provides branding and marketing services with a focus on site-specific execution to help transform our customers’ growth strategies into store-level success. We design retail environments to engage shoppers and provide superior customer experiences. AccuStore powers our retail marketing, execution and digital display technologies and ensures stores get only what they need. GSP is a forward-thinking company that’s here to serve retailers now, with a focus on their future.

GSP delivers graphics and digital marketing to over 75,000 retail locations. Our experts provide retail branding and marketing services, focused on site-specific execution. Our methods ensure stores get only the POP they need, at the lowest cost. Our Retail Environments team creates and deploys amazing, in-store shopping experiences.