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 leading supplier of non-prescription eyeglasses
using Park City Group’s Visibility & Analytics to supply a
large, national retailer was able to restructure their ordering
processes and reduce their inventory investment by 14%.
Park City Group’s Visibility & Analytics team developed a
systematic approach to the analysis of over 1,600 different reading
glasses by leveraging a dozen key SKU and store level attributes to
better understand sales patterns. Armed with the expected productivity
of each SKU, the supplier was able to optimize their store level
replenishments to keep top selling items in-stock and inventories on
slow sellers to a minimum.
“When suppliers are armed with actionable information, they are able to
work with the retailer to adjust inventories and distribution to have
products available when shoppers want them,” said Randall Fields, CEO of
Park City Group. “When both the shelf and distribution are optimized to
meet demand, sales increase for both retailer and supplier, and
inventory investment is reduced as a result.”
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.
Copyright Business Wire 2015