PARK CITY, Ut. – March 4, 2009 – Swedish Match, a leader in smokefree tobacco products, cigars, pipe tobacco and lights products, has announced the impressive results they are seeing using Park City Group’s (OTCBB: PCYG) Vendor Managed Inventory (VMI) and Enterprise Supply Chain Planning solution for enterprise forecasting. Park City Group, which recently acquired Prescient Applied Intelligence, provides innovative solutions and services to retailers and suppliers that increase sales while simultaneously reducing out of stocks, shrink and inventories.
Swedish Match has been a customer of Park City Group since 2000, when it was approached by a major retail partner, a Mid-Atlantic grocery chain, and asked to manage their own inventory in the retailer’s distribution network. Since the initial implementation, Swedish Match has expanded its VMI program with Park City Group to include three key retail partners. With each of those retail partners, VMI has provided quantifiable results through reducing the number of shipments with accurate replenishment orders and decreasing lead time by taking control of the ordering process.
“Park City Group’s VMI has been an invaluable tool and has given us significant benefit around our promotions planning,” stated Sharon Brooks, Swedish Match Customer Service Manager. “The orders from our VMI retail partners now include promotional items and show where and when they’re going to be needed. In contrast, our non-VMI trading partners provide separate promotional orders which leads to reactive planning. The visibility and ordering logic afforded by the Park City Group VMI solution has provided proactive planning with more accurate forecasts for stocking our satellite warehouses for shipment to the customer.”
In 2007 Swedish Match also began to use the forecasting tools of Park City Group’s Enterprise Supply Chain Planning solution. They found a need for a solution to help their North American manufacturing facilities predict and manage demand for cigars. They were confident the success they had seen with Park City Group’s VMI forecasting functionality would also prove beneficial for their enterprise – and they weren’t disappointed. Forecast accuracy has improved significantly.
“Customers such as Swedish Match, who successfully make use of our solutions throughout their supply chain, are ahead of the curve,” commented Randall K. Fields, Park City Group Chairman & CEO. “Retailers and suppliers are becoming more collaborative every day, and the solutions we provide allow for increased visibility and a quick response to changing demand, resulting in improved customer service, visibility and other business efficiencies.”
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.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.