Park City Group Provides Update to Test at Large Retailer
Results Support Use and Expansion of PCG Services Among Retailer’s Suppliers
Park City Group (NASDAQ:PCYG), a cloud-based software company that uses big data management to help retailers and their suppliers sell more, stock less and see everything, announced the successful conclusion of a test with a large retailer and several suppliers in a high-traffic category using Park City Group’s services.
The test was conducted with several of the retailer’s suppliers in a key fresh category with rapid inventory turnover. Participants experienced sales increases trending up to 7% for the retailer’s private label product line and a 50% reduction in waste validating that the participants delivered the right product just-in-time. Results from the test showed significantly improved product turns providing fresher product for the consumer. Suppliers also saw operational savings from reduced “emergency deliveries”.
“Based on outstanding results of the test, Park City Group was able to clearly deliver on its brand promise of enabling the suppliers and their partner retailer to Sell More, Stock Less and See Everything,” said Randall K. Fields, Chairman and CEO. “The retailer is actively endorsing our approach across the category.”
About Park City Group
Park City Group (NASDAQ:PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it to be. Park City Group’s services enable customers to “Sell More, Stock Less, and See Everything”. More information is available at www.parkcitygroup.com.
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