120+ Store Supermarket Chain Assessment in Two Product Categories
PARK CITY, Utah – October 20, 2008 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, announced today that a Northwest division of one the largest US grocery retailers has initiated a Supply Chain Profit Link (SCPL) opportunity identification program throughout its 120+ store chain. The SCPL service offering for perishable and non-perishable categories analyzes retail data and provides specific action steps to improve sales opportunities and cost saving measures not previously recognized by retailers and suppliers. Results of these engagements with other retailers have historically uncovered tens of millions of dollars in lost opportunities, including improvements to assortment/store clustering, increased service level and improvement in distribution voids.
During the 60-90 day pilot opportunity identification period, Park City Group will analyze inventory and sales data provided by the retailer, in the commercial bakery and poultry categories, and perform a detailed analysis using patented technology that results in identification of quantifiable improvement areas. Subscription to the ongoing SCPL service builds upon the opportunity identification program and its analytic foundation, providing recommended specific action steps that enable the retailer and its suppliers to capture millions of dollars of missed sales and profits. Across categories, SCPL allows retailers and suppliers to view corporate, division, region, store, department, category and item-level product movement down to hourly increments allowing for unprecedented tracking and correction of store- and shelf-level issues.
“Due to the current economic climate, there is a heightened interest level within the retail community for SCPL services. Now more than ever, there is a growing need to utilize technology throughout the supply chain to maximize shrinking margins,” commented Randall K. Fields, Park City Group Chairman and CEO. “The recently announced merger agreement between Park City Group and Prescient Applied Intelligence allows us to service a growing customer base, which presently includes seven of the top ten grocery retailers, through a deeper staff and highly scalable platform.