OUr Brand Promise—sell more,
stock less and see everything
During the past 16 years,
Park City Group (PCG) has invested more than $150 million to develop a cloud-based,
SAAS technology platform that allows retailers and their suppliers to make
sense of the millions of consumer transactions that occur daily and use that
information to reduce out of stocks, increase sales, and lower inventory levels
throughout the supply chain. Out of
stocks are the most difficult problem a brick & mortar retailer faces
today: more than half the time when a retailer doesn’t have the product that a
consumer wants, that consumer takes his business elsewhere. The risk isn’t just
a lost sale, but rather a lost customer. The supply chain that keeps the
product on the shelf is a long and complex one, often starting abroad. There is
the problem getting the forecast right for that store’s shelf, then getting the
order right for the warehouse that supplies the store, then the right
allocation from the manufacturer, then the right demand planning from his
suppliers and so on. Park City Group assists at each stage of that arduous
process to keep the consumer coming back.
Beyond the financial benefits of increased sales and lower inventories, PCG’s supply chain management solutions also offer
long-term strategic benefits to retailers and suppliers. By increasing their in-stock positioning and
using capital freed up from lower inventories to remodel their stores, PCG’s
retail customers are able to improve the shopping experience and create greater
customer loyalty. By enabling retailers
and suppliers to share accurate information about store level sales, PCG’s
solution aligns the financial interest of both parties. Retailers enlist the
brain power of the suppliers to keep the stores in stock and suppliers are able
to use more accurate information to have the right amount of inventory at each
stage of the supply chain. With accurate
inventory levels, there is less need to sell “on deal” to clear out excess
inventory, allowing suppliers to capture more margin dollars.
Using PCG’s base-level service, customers are able to create perpetual inventories by store and by
SKU to diagnose out-of-stocks and overstocked situations. Increasingly, customers are also buying
additional supply chain modules that allow them to not only diagnose issues
within their supply chain, but also to solve those issues. Expanding services
with existing customers further strengthens the strategic aspect of PCG’s
relationship and expands the average revenue generated per customer by an order
of magnitude.
Food & Drug Safety - Leveraging its proven supply chain management
technology, Park City Group has
partnered with a leading global authority on food and drug safety, Leavitt
Partners, to form a global food and drug safety registry named Repositrak™.The
solution creates visibility from the farm to the fork in the food industry, and
from the manufacturer to the pharmacy in the pharmaceuticals industry. The new
partnership will help food retailers, foodservice operators, wholesalers and
manufacturers protect their brands and be compliant with current and future
regulatory requirements that could emerge from the Food Safety Modernization
Act (FSMA). a very low monthly cost per supplier and each retailer having
thousands of supplier connections, PCG believes that there is a $1 billion+
addressable market for this solution. The partnership is expected to fuel
growth of PCG’s other supply chain management solutions, as many of the launch
customers for ReposiTrak learn about the potential benefits of Park City
Group’s other end-to-end solutions.
Like most software
companies, Park City Group (PCG) has an “asset-light” business
model, in which a large portion of each incremental sales dollar falls to the
bottom line. Company infrastructure is in place to scale the business without
having to add significantly to fixed costs. With the strength of this model,
PCG is currently accelerating its growth and generating positive free cash
flow.
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