Park City Group’s Visibility Delivers Sales Lift of 7% and 20% Reduction in Returns for Commercial Bread Department
Salt Lake City, UT – 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 retailer increase sales by 7% and reduce product returns across their commercial bread category by 20% through better visibility of store/SKU consumer demand and using point of sale data to improve store orders and delivery cycles. The retailer is using Park City Group’s Visibility solution 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.
“When this retailer gained visibility to the entire category, their suspicions about lackluster category performance were confirmed,” said Randall Fields, CEO of Park City Group. “Once the analysis was conducted, space-to-sales planograms were developed and vendor performance was score-carded which lead to sales increases of 7% and returns reduction of 20%. With this category showing consistent improvement, this retailer is now moving onto another category and expects to see similar results.”
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.