|By Business Wire||
|March 24, 2014 07:31 AM EDT||
Park City Group (NASDAQ:PCYG), a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, helped a large regional dairy supplier show a year over year 8% sales increases through better visibility of store/SKU consumer demand and using point of sale data to improve store orders and delivery cycles. The dairy is using a combination of Park City Group’s Store-level Replenishment and Visibility solutions to achieve these results.
Park City Group’s Visibility solution provides shelf performance insight and directive action using analytics based on daily supply chain movement including point of sale data, deliveries and returns, and inventory counts. Analysis results convey where out-of-stocks are, what items are losing sales and how to resolve out-of-stocks and overstocks. Park City Group’s Store Level Replenishment solution provides a forecast and order to the store/SKU level using complete automation and is hands-off in the ‘ordering’ version, or enables planner interaction in the ‘replenishment’ version. Both tools integrate with the client’s internal systems as part of a complete picking/packing solution.
“When visibility to consumer demand is introduced to the order replenishment cycle, we repeatedly see improvements,” said Randall Fields, CEO of Park City Group. “Sales increase between 3-10% and returns and waste decrease as much as 50% regardless of the category. Increased visibility and better ordering makes the difference.”
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. Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world, and provides retail trading partners with a distinct competitive advantage to store/SKU level visibility that 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. More information is available at www.parkcitygroup.com.
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