National Retailer Drives Adult Beverage Sales up 30% with Park City Group’s DSD Pricing & Replenishment Solution
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, announced today that a national retailer using Park City Group’s DSD Pricing & Replenishment Suite to manage over 400 distributors in the Adult Beverage category grew sales 30% through reduced out-of-stocks and more competitive pricing. Importantly, the retailer was also able to reduce labor and inventory costs through a reduction in analyst staffing and leveraging consolidated bulk orders and bridge buys.
Park City Group’s DSD Pricing & Replenishment Suite consists of three main components which can be implemented separately or bundled to manage any complex distributor network. The Suite’s components are:
- DSD Pricing Collection – enables pricing changes collected from each distributor be delivered to the retailer electronically in near-real-time via electronic data interchange (EDI) or other B2B structured formats;
- Auto-Price Generation – enables store level pricing to be automatically calculated based on distributor cost and desired retailer margins;
- Centralized Replenishment - translates store-level orders into authorized distributor level Purchase Orders.
An additional benefit of Park City Group’s DSD Pricing & Replenishment Suite is its continual audit and validation of each distributor, item and delivery location, providing alerts to the retailer, brand and distributor when exceptions are detected.
“When retailers have visibility to their supply chain and can act on stocking and price opportunities, sales will increase in response,” noted Randall K. Fields, Chairman and CEO. “We are pleased to be able to provide this solution to the retailer, brand and distributors who came to us for help.”
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 that ensures product is on the shelf when the consumer expects it to be. Park City Group’s services enable customers to “Sell More, Stock Less, and See Everything”. More information is available at www.parkcitygroup.com.
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