Regional Grocer Cuts Center Store Inventory Investment 34% with Park City Group’s Automated Ordering System
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 today that a popular regional grocer using Park City Group’s Automated Ordering solution to replenish their company-owned distribution centers eliminated 11 days of excess center store inventory, or 34% in inventory investment during the past five years. Importantly, the grocer was also able to increase service levels into its stores by over 200 basis points during the same time period and improve on time deliveries coming from suppliers by 48%.
The grocer uses Park City Group’s Automated Ordering system, which predicts future demand and re-ordering needs for each product at the store level. Collaborating with the grocer, Park City Group developed an early warning out-of-stock report that provides the category manager with ample lead time to expedite POs or adjust order quantities on top-selling items.
Additional benefits of Park City Group’s Automated Ordering system are a reduction in safety stock and improved freshness. The grocer was able to reduce inventory levels between the time products are received in the warehouse and needed at each store by more than 50%.
“When retailers are armed with visibility and the right ordering capabilities, they can reduce both their inventory investment and out-of-stocks simultaneously,” said Randall Fields, CEO of Park City Group. “We know that when out-of-stocks are reduced, both sales and shopper satisfaction dramatically increase.”
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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