|By Business Wire||
|December 2, 2013 07:31 AM EST||
Park City Group (NASDAQ:PCYG), a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, announced that results recently achieved by two customers confirms the use of Park City Group’s DSD Visibility solution enables strategic changes in business processes and facilitates sales increases, out-of-stock reduction and inventory optimization.
“The trend in retail continues to focus on reducing out-of-stocks and growing profitable revenues. We are seeing sales increase trends in excess of 5% year over year by two of our large retailer clients in two different categories,” said Randall Fields, CEO. “At the same time, we’re seeing an average of 35% reduction in waste through fewer returned products. One of our users went as far as to call our system ‘a business-changing experience’.”
Park City Group’s DSD Visibility solution is part of an end-to-end suite of scan-based solutions which also includes store-item level replenishment. Although it is a scan-based solution, inventory buyback by the supplier is not required in a DSD Visibility solution.
About Park City Group
Park City Group (NASDAQ: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.