SALT LAKE CITY, March 23, 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’, has helped a national collectible trading card supplier reduce product losses by 25%. In addition, the company was able to reduce the amount of time spent analyzing the performance of thousands of products at thousands of stores by 70% by using scan-based trading technology from Park City Group.
When using a scan-based trading program, product losses are a direct hit to the bottom line, whether a shared expense with the retail trading partner, or not. Park City Group’s Scan-based Trading solution helps the supplier quickly gain visibility to product losses by item and by store. Armed with this information, this collectible card supplier made changes to its product packaging and relocated product displays, which resulted in the reduced losses.
“In a scan-based trading program, suppliers are expected to manage proactively whether they are sharing their losses with their partners, or not,” said Randall Fields, CEO of Park City Group. “When losses are reduced, both the supplier and retailer benefit.”
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.