Thursday, February 26, 2009

Pricebook: Useful or Not?

Have you used a pricebook to track prices? I did this a couple of years ago and found it to be too time consuming for me for what I got from it. With only a few stores in my area and two of them owned by the same company, it just wasn't a worthshile strategy for me. I do think that it would probably be very interesting now if I had kept up with it because I would actually be able to put my finger on how much things have increased in the last year, six months, two months.

A few tips if you do keep a pricebook:

1. Be sure you note the package size with the price. If you haven't noticed, package sizes (cans, cereal boxes, frozen vegetables, etc.) have changed - gotten smaller - even if the price hasn't changed much. You start to notice this when a recipe calls for a 12 oz. can of something and you can only find a 10.5 oz. can.

2. Categorize your book by grocery store aisles. This makes locating an item easier.

3. The following web article is a wonderful resource for price books:

I would be interested in your success stories on price books. I think the idea is good, but I just wasn't willing to put lots of time into it. Maybe I gave up on it too soon.


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