SALT LAKE CITY, Aug. 10, 2016 (GLOBE NEWSWIRE) -- 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’, reports a large national dairy using Park City Group’s Automated Ordering solution to replenish a national retailer was able to cut out-of-stocks by 50%, enabling a 10% increase in dollar sales.
The dairy uses Park City Group’s proprietary algorithm-based Automated Ordering system, which predicts future demand and re-ordering needs, and creates a better forecast using point of sale data instead of historical delivery information. The result is a smoother pattern of milk orders to meet consumer demand, keeping in-store coolers stocked and backroom inventories to a minimum. Optimizing available cooler space and adjusting day-of-week delivery schedules has helped the dairy achieve an average in-stock ratio of 95% on their top five selling items.
“Reducing out-of-stocks always increases sales, especially in a high volume category such as milk,” said Randall K. Fields, CEO of Park City Group. “With accurate orders, both the supplier and retailer reap the benefits of needing less quantity on hand to increase sales.”
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 to ensure products are available when and where consumers demand them, helping retailers and suppliers to ‘Sell More, Stock Less, and See Everything’. Park City Group’s technology also assists all participants in the food and drug supply chains to comply with food and drug safety regulations through the Company’s ReposiTrak subsidiary. More information is available at www.parkcitygroup.com and www.repositrak.com.
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Source:Park City Group, Inc.