Park City Group, Inc. (NYSE Amex: PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that it has been selected by Bunzl Distribution USA, Inc. for a comprehensive hosted solution spanning a number of distribution centers for up to 20 of the customer’s trading partners. The Company has been contracted to provide Bunzl with vendor managed inventory (“VMI”) and future demand planning on a Software-as-a-Service (“SaaS”) basis. “We are excited to have been selected by Bunzl Distribution USA, one of the nation’s leading suppliers of disposable packaging and other products used by major supermarkets and retailers,” said Randall K. Fields, Chairman and CEO of Park City Group. “Although not a traditional hub-and-spoke customer for Park City Group, our contract with Bunzl is significant in that it demonstrates the depth of our software solution within a defined segment of the retailing industry supply chain. As a large new customer, Bunzl also presents us with the opportunity for future growth as we add more locations and trading partners to their hosted platform, along with the possibility for additional services.” “Park City Group is increasingly becoming the technology partner of choice for the retail supply chain,” said Ken Aull, Exec VP – IT for Bunzl Distribution USA, Inc. “Following a formal review of vendors, Park City Group was selected because it has the most comprehensive solution covering hosted VMI and demand planning services among other important features. With a strong reputation for customer service and sophisticated software solutions, Park City Group will help us ensure that our retail trading partners have the products they need to maximize their revenue opportunities and manage their inventory and working capital. Bunzl’s goal is to be positioned starting in 2011 to offer VMI services to key customers as an additional value-add to the breadth of existing information based value-add services that we provide our customers, as a means of differentiating ourselves from our competitors.”
VMI and demand planning from Park City Group are built on sophisticated automated systems that collect, sort, and analyze data to produce actionable intelligence for business decisions and enhanced capabilities, including:
- Improve forecast accuracy, days of supply and service level;
- Allow planners to focus on value-added customer service instead of Excel formulas;
- Provide improved visibility into your own DC inventory levels;
- Provide statistical forecasting for systematic planning of promotions, new item introductions, analysis and seasonal trends;
- Improve supplier reputation within the retailer community; and
- Maximize shipping efficiency by automatically generating orders that meet shipping constraints, such as weight and pallets.
For more information, go to www.parkcitygroup.com.Forward-Looking Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Park City Group, Inc. (”Park City Group”) are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Park City’s annual report on Form 10-K, its quarterly report on Form 10-Q and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.