Leading Multinational Supermarket Retailer to Utilize Park City Groupâ€™s FMM and AM Products to Optimize Operations and Freshness for Consumers
Park City, Utah â€“ June 14, 2007 â€“ Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions, today announced that a leading international retailer has begun integrating its Fresh Market Manager and ActionManager products to optimize assortment plans, labor and task schedules, manage shrink and stock-outs, and improve quality and freshness for consumers. While numerous convenience stores have integrated Park City Groupâ€™s primary products to improve their operations, this is the first time that a supermarket retailer has done so
The integration of these two suites allows retailers to plan production and have the correct labor plan to insure product freshness thereby maximizing sales and profits from their perishable departments. This system provides a coordinated planning of resources to deliver consumers the right product, at the right price, at the right time. The combined effort marks the completion of the first truly end-to-end Fresh Item Management system in existence delivering capabilities for category management, production planning, forecasting, promotion and pricing optimization, perpetual inventory management, computer aided ordering, work flow and labor scheduling, paperless documentation and more.
Fresh Market Manager is a fully integrated management solution for bakery, deli, food service, meat, seafood, frozen, floral and produce departments. The product helps grocers to achieve improved economic performance by managing shrink (or waste) and stock-outs. FMM also involves suppliers through Supply Chain Profit Link to deliver sales data to both sides facilitating fact-based and profit-focused category review meetings.
Together with its ActionManager solutions, Park City Group delivers one of the most robust integrated business solutions available in the industry. The systems address operations management tasks including: item level category management, inventory and production planning, work flow, scheduling, forecasting, supply and ingredient ordering, producing sales reports/projections, administering skill tests, interviewing assistance, and assessing employee knowledge.
Speaking of the agreement, Randall K. Fields, Park City Groupâ€™s Chairman and Chief Executive, said,
â€œInventory and labor management are the two key controllables for optimizing profit in large, sophisticated supermarket operations. This particular customer has already seen phenomenal results from our Fresh Market Manager product. The integration of both of our primary product suites will yield results far beyond what we have already witnessed when either FMM or ActionManager are installed individually.â€?