PARK CITY, Ut. – August 6, 2009 – Park City Group (OTCBB: PCYG), today announced that Atkins Nutritionals Inc., a leading weight control nutrition company, is implementing Vendor Managed Inventory (VMI) with McLane Company, Inc. Park City Group’s VMI solution will support current business requirements and will also support future growth with McLane and additional partners. Park City Group provides innovative solutions and services to retailers and suppliers that increase sales while simultaneously reducing out of stocks, shrink and inventories.
Atkins Nutritionals sought out a VMI solution to provide improved internal visibility to ordering requirements with their strategic customers. They were also looking to support their promotions and needed a solution that could help anticipate demand during those promotional periods. They chose Park City Group’s VMI solution because of their domain expertise and depth of VMI functionality for Consumer Products.
“The implementation of VMI is a long term growth strategy and we look forward to a long and prosperous partnership with Park City Group,” commented Jim Allwein, Chief Financial Officer at Atkins.
VMI is part of Park City Group’s Consumer Driven Sales Optimization™ (CDSO) model, which seeks to improve sales, reduce inventories and improve product shrink. CDSO allows retailers to change how inventory is treated at both retail and wholesale or in their Distribution Centers by establishing a new philosophy or strategy regarding the management of inventory.
“Atkins is joining dozens of other Consumer Products companies we have utilizing our VMI solution. We continue to see the market adopt vendor managed inventory practices and Park City has built a world class solution for this industry. Our solution has the flexibility and functionality to meet the needs of any supplier who is engaging in VMI with their retail partners to lower inventory levels and improve service,” stated Randall K. Fields, Park City Group CEO.
About Park City Group:
Park City Group is a trusted business solutions and services provider that enable retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.