PARK CITY, UT – July 28, 2009 – HAC, Inc., a seventy five store grocery retailer in Oklahoma that includes Homeland, United and Country Mart banners, has signed on to become the latest grocery retail hub to implement Park City Group’s Scan Based Trading (SBT), which is designed to improve sales, reduce inventories and improve product shrink through improved visibility to scan data. Park City Group, (OTCBB: PCYG) a provider of solutions and services to retailers and suppliers, has built its business on a ‘hub & spoke’ model where retailers are the hubs and suppliers/wholesalers are the spokes. This model creates a community, using a common platform where the ‘hubs & spoke’s’ (retailers & suppliers) can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain.
The Park City Group application is a web-based SBT solution that provides visibility into store-level product movement, allowing suppliers to spend more time merchandising product, and reducing the time-consuming operational drudgery from the retailer-supplier relationship. Park City Group’s solution will enable HAC, Inc. and its suppliers to have a more collaborative relationship through shared visibility to the necessary supply chain information.
Flowers Foods Inc., a leading producer and marketer of packaged bakery foods in the United States, will be among the first suppliers to engage in the program with HAC, Inc. In the coming months, HAC Inc. plans to expand their SBT program to a wide range of categories, through Park City Group’s flexible on-boarding process, which provides a solid foundation for future expansion.
“Our primary focus for our business is growing sales. When we get the opportunity to also lower operating expenses and improve accuracy in our data we consider that a winning business strategy. We feel that SBT is in step with those goals and with the experience that the Park City Group brings to this new business process, we felt very comfortable in partnering with them”, commented Philip Payment, Vice President Marketing & Merchandising at HAC, Inc. “The idea of joining a community of suppliers, where everyone is focused on a common goal, is very appealing. The improved relationships with our suppliers will be visible in all aspects of our business, including the store shelf, which is what matters most to consumers.”
HAC, Inc. will also be utilizing the Park City Group’s operational insights solution to perform a deeper dive into shrink analytics. The solution provides visibility into shrink by vendor, store, and product, as well as by user-defined attributes, such as department and management structure, and helps identify the root causes of shrink.
“We continue to see the number of retailers using Scan Based Trading increase, and I am always pleased to see how quickly we can provide tangible benefits to our retailer and supplier customers, as well as their consumers,” commented Randall K. Fields, Chairman & CEO of Park City Group. “While HAC, Inc. and its suppliers can expect to see many benefits from our solution, the consumers will also benefit from improved on-shelf product availability, reduced shrink and improved in-store merchandising. A satisfied and loyal consumer is imperative to both the retailer’s and supplier’s long-term success.”
About Park City Group:
Park City Group is a trusted business solutions and services provider that enables 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. Park City Group’s 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.