Park City Group Announces Prominent Northwest Grocery Retailer Initiates Supply Chain Profit Link Evaluation To Identify Lost Opportunity In Sales, Stock Outs And Shelf Optimization
PARK CITY, Utah--(BUSINESS WIRE)--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 and reduced credit availability, 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 larger staff and highly scalable platform."
About Park City Group:
Park City Group, Inc. develops and markets patented computer software and consulting services that help retailers and their suppliers to increase sales while reducing inventory and labor costs -- the two largest, controllable expenses. The technology has its genesis in the operations of Mrs. Fields Cookies, co-founded by Randy Fields, chief executive officer of Park City Group. Industry-leading customers such as The Home Depot, Victoria's Secret, The Limited, Anheuser Busch Entertainment and Tesco Lotus benefit from Park City Group software. To find out more about Park City Group, please visit www.parkcitygroup.com.
Statements in this news release that relate to Park City Group's future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in economic conditions that may change demand for the Company's products and services and other factors discussed in the "forward-looking information" section and the "risk factor" section of the management's discussion and analysis included in the Company's report on Form 10-K for the year ended June 30, 2007 and in any risk factors or cautionary statements contained in the Company's periodic reports on Form 10-Q or current reports on Form 8-K filed with the Securities and Exchange Commission. This presentation is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Park City Group uses paid services of investor relations organizations to promote the Company to the investment community. Investments in any company should be considered speculative and prior to acquisition, should be thoroughly researched. Park City Group does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
Copyright 2008 Business Wire All Rights Reserved.