City Group (NASDAQ: PCYG),
a cloud-based software company that uses big data management to help
retailers and their suppliers sell more, stock less and see everything,
announced today that a popular regional grocer using Park City Group's Automated
Ordering solution to replenish their company-owned distribution
centers eliminated 11 days of excess center store inventory, or 34% in
inventory investment during the past five years. Importantly, the grocer
was also able to increase service levels into its stores by over 200
basis points during the same time period and improve on time deliveries
coming from suppliers by 48%.
The grocer uses Park City Group's Automated Ordering system,
which predicts future demand and re-ordering needs for each product at
the store level. Collaborating with the grocer, Park City Group
developed an early warning out-of-stock report that provides the
category manager with ample lead time to expedite POs or adjust order
quantities on top-selling items.
Additional benefits of Park City Group's Automated Ordering
system are a reduction in safety stock and improved freshness. The
grocer was able to reduce inventory levels between the time products are
received in the warehouse and needed at each store by more than 50%.
"When retailers are armed with visibility and the right ordering
capabilities, they can reduce both their inventory investment and
out-of-stocks simultaneously," said Randall Fields, CEO of Park City
Group. "We know that when out-of-stocks are reduced, both sales and
shopper satisfaction dramatically increase."
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 to be. Park City Group's services
enable customers to "Sell More, Stock Less, and See Everything." More
information is available at www.parkcitygroup.com.
Ronald Margulis, 908-272-3930