Park City Group (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that it has been selected by Food City, ranked among the nation’s 50-largest supermarket chains, for its Consumer Driven Sales Optimization TM (“CDSO”) platform to capture, manage, analyze and share critical data with its partners in an effort to improve out-of-stocks and reduce cost across the retailer’s supply chain. As part of this selection, Park City Group will deploy its technology for coverage and connectivity of 105 retail stores.
“We are excited to have been selected by Food City, one of the nation’s premier supermarket chains, for our unique and multi-faceted retail supply chain optimization solution,” said Randall K. Fields, Chairman & CEO of Park City Group. “This installation represents Park City Group’s 17 th retail hub, and the largest deployment for a single customer to date when we consider the ability of the platform to enable collaboration with both direct-store-delivery and select warehouse suppliers. With our ability to support Food City and its supplier community with solutions from Scan Based Trading to forecasting and replenishment, we truly believe this is the dawning of a new age for the alignment of interest between retailer and supplier beginning with point-of-sale data as the focal point to drive sales and cost improvements.”
In support of all Food City locations in Kentucky, Tennessee and Virginia, Park City Group will deploy its unique collaborative based trading platform. This platform provides the ability to connect Food City and its suppliers from the retail shelf on back into their respective supply chains to enhance decisions that range from improving inventory mix and in-stock positions at the shelf to more timely and responsive replenishment processes. By providing such visibility starting with consumer takeaway at the shelf, Food City looks to enhance the consumer shopping experience while reducing cost associated with working capital for both them and their supplier partners among other benefits.