Park City Group, a developer of patented retail supply chain services, has announced that a US grocery chain has initiated a supply chain profit link opportunity identification program throughout its 160 plus store chain.
According to Park City, this supply chain profit link (SCPL) evaluation comes on the heels of a recently announced opportunity identification by a northwest grocery retailer in 120+ stores in two product categories.
The SCPL service offering for perishable and non-perishable categories analyzes retail data and provides specific action steps to improve sales opportunities and cost saving measures. Across categories, SCPL allows retailers and suppliers to view category and item-level product movement from a high-level corporate, division, region, store, department level, down to hourly increments allowing for unprecedented tracking and correction of store- and shelf-level issues.
During the tow-three month pilot opportunity identification period, Park City Group has said that it will analyze inventory and sales data provided by the retailer, in the rotisserie chicken, ground beef and milk categories, and perform a detailed analysis using patented technology that results in identification of quantifiable areas.
Randall Fields, chairman and CEO of Park City Group, said: The ability to respond and react quickly to the changing needs of retail customers is a competitive advantage all retailers are looking for. Supply chain profit link is that competitive advantage. It gives retailers an hour-by-hour view of sales, allowing them to base assortment planning and store clustering on actual item performance, and ensures the right item is on the shelf for the customers.