Haggen, Inc., a leading independent supermarket chain in the Pacific Northwest, today announced it is working with Park City Group (NYSE Amex: PCYG), a leader in consumer goods supply chain technology, to both reduce out of stocks and overstocks and improve financial performance. Haggen, which operates 28 stores in Washington and Oregon, employed Park City Group’s analytic and business services team to drive incremental revenue and margin from key traffic driving categories. The process aims to increase visibility of inventory on hand at the shelf and better stock the store on the basis of consumer demand. The retailer is also planning to implement additional Park City Group solutions, including Scan Based Trading and Store Ordering.
Park City Group’s suite of solutions enables Haggen and its trading partners to drive operational efficiencies, increase sales and optimize performance in their supply chains. This is accomplished by providing a common view of shelf level inventory, creating the opportunity for both the retailers and their suppliers to work together to reduce out of stocks and excess inventory, increase turns and lower shrink rates. The web-based applications allows suppliers to spend more time merchandising product and removing time-consuming operational labor from the retailer-supplier relationship.
“Haggen and Park City Group are collaborating on the execution of several initiatives, from retail analytics to scan based trading, in order to bolster our top and bottom lines. The commitment Park City Group has to our success, along with the knowledge their team has of the grocery industry, has made them the perfect partner for our demand planning.”C.J. Gabriel, Jr. (Gabe), President & CEO, Haggen & TOP “The purpose of our technology is to improve sales and reduce out of stocks, with a focus on delivering the right product to the shopper in the right place at the right time. We accomplish this by significantly enhancing collaboration between the retailer and suppliers. Retailers like Haggen that take action first have a major advantage versus their competitors and will be better able to take advantage of the current and future economic environments.”