Archive for June, 2008

Park City Group Expands ActionManager® with a Division of an International Convenience Store Chain

Thursday, June 19th, 2008

More Than 600 Locations Utilizing Fully Electronic New Hire Solution

PARK CITY, Utah–(BUSINESS WIRE)–Park City Group, Inc. (OTCBB:PCYG), developer and marketer of patented computer software and consulting services which enable its retail customers to increase sales while reducing inventory and labor costs, today announced it has expanded its existing ActionManager® license agreement with a division of an international convenience store chain. The ActionManager suite of products manages the operational processes for retailers.

In collaboration with the customer, Park City Group’s consulting team developed a fully automated new hire process for the chain’s expanding number of locations. The problem was that historically the hiring process involved a mountain of paperwork at both the store and corporate levels resulting in the shifting back and forth of paperwork and delays in actual hiring. As a result of the collaboration with Park City Group, the chain implemented HRAction, subsequently reducing costs and speeding the administrative processing of new employee hiring. HRAction streamlined the applicant process by integrating a web applicant screening for candidates and allowing for automated rules in intelligent forms that capture mistakes at the point of entry. Additionally, HRAction eliminates paper filing, captures signatures, and files documents in an electronic repository.

“When this convenience store operator first approached us, they wanted to have a fully electronic process for this operational challenge,” said Randall K. Fields, Chairman and CEO. “Convenience stores typically experience high employee turnover and can readily appreciate the value of the ability to reduce and/or eliminate the resulting paperwork. This convenience store chain was planning a major expansion in the number of stores and at the same time wanted a more streamlined and efficient process to handle the large numbers of new hires. The fact that this retailer has successfully utilized our HRAction application, and then significantly expanded the use of the product by deploying it into all of its locations, is the ultimate validation of the value of our solution. The superior ability of our ActionManager suite of products to dramatically improve upon operational processes, including electronic paperwork, time and attendance, labor scheduling and business intelligence, allows us to continue to deliver on our promise to ensure that the retailer has the ‘Right People, Doing the Right Things, At the Right Time.’”

Park City Group either licenses ActionManager on a per store basis with annual maintenance based upon a percentage of the purchase price or, alternatively, sells it as a hosted subscription service (software as a service).

Park City Group Initiates Supply Chain Profit Link Opportunity Evaluation with Prominent Northeast Supermarket Retailer

Thursday, June 12th, 2008

SCPL Category Management Toolset Evaluation Commenced in

200+ Store Supermarket in Four Product Categories Involving 15 Suppliers

PARK CITY, Utah - June 12, 2008 - Park City Group, Inc. (OTCBB: PCYG), developer and marketer of patented computer software and consulting services designed to enable its retail customers to increase sales while reducing inventory and labor costs, announced that a 200+ store supermarket retailer recently began an opportunity evaluation of Supply Chain Profit Link (SCPL) in four product categories.  The average supermarket has approximately 180 categories, 50-100 of which are excellent candidates to benefit from the SCPL platform. Park City Group is gathering inventory and sales data provided by the prominent northeast supermarket retailer and will perform deep level analysis to demonstrate, via detailed analytics and item-level visibility, the proper action steps necessary to enable the chain to capture millions of dollars of increased sales and profits.

Park City Group’s SCPL category management tool for perishable and non-perishable products delivers collaborative resources and data-sharing capabilities previously unavailable to retailers and suppliers.  SCPL allows retailers and suppliers to view corporate, division, region, store, department, category and item-level product movement down to hourly increments allowing for unprecedented tracking and correction of store- and shelf-level issues.

The four product categories included in the evaluation are commercial bakery, produce, ice cream and ground meat.  Park City Group and the retailer jointly determined the category objectives and process for implementing SCPL during the 60-day no charge opportunity evaluation period.  Historically, Park City Group has successfully identified millions of dollars in lost opportunity sales through shrink (or waste) analysis, out-of-stock identification, promotion analysis, and shelf space optimization.

Based upon data observations, Park City Group’s Business Analytics Group will conduct bi-weekly collaborative category reviews and create category-specific presentations for the supermarket’s Category Managers, Merchants, Operators and Suppliers which include performance and trends analytics to provide solutions to the problems surfaced in the data.

Not only is the SCPL platform a powerful tool to convert retailers’ data into effective operational actions, it also facilitates and solidifies supplier relationships by providing unparalleled third-party visibility for product movement.  SCPL provides a unique value proposition for the supermarket and its vendor. Armed with previously unavailable data, suppliers often provide funding for the program in order to share in the valuable data analysis.  The retailer benefits by increased sales and reduced inventory and labor costs.  The suppliers’ benefits can include increased sales as well as promotional effectiveness.

Randall K. Fields, Chairman and CEO, said that, “Our success rate in converting SCPL opportunity evaluations into paid engagements is outstanding.  We are highly confident that by the conclusion of the evaluation we will once again successfully demonstrate important and dramatic financial benefits for this supermarket chain to utilize SCPL.  We can then look forward to their paid subscription for the SCPL category management toolset and the opportunity to build upon the solid analytic foundation made possible by SCPL.  We would also look to expand the utilization of SCPL and identify how our other solutions and products can benefit this chain.”

Last year, Park City Group began to focus its business model on sales of subscription-based products in order to minimize ‘lumpy’ licensed-based sales.  The benefits of subscription-based products to Park City Group include (1) a shorter, less resource intensive sales cycle, (2) a steady and recurring revenue stream, and (3) allows retailers the ability to share costs with the supplier.

Leading Multinational Retailer Expands License Agreement for Fresh Market Manager with Park City Group

Thursday, June 5th, 2008

Annual Sales in Bakery Department Grew +20% with Improved Margins since Implementing Fresh Market Manager

PARK CITY, Utah–(BUSINESS WIRE)–Park City Group, Inc. (OTCBB:PCYG), developer and marketer of patented computer software and consulting services designed to enable its retail customers to increase sales while reducing inventory and labor costs, today announced that as a result of its customer experiencing ongoing and substantial increases in both sales and profits, a leading international supermarket retailer is expanding its license agreement with Park City Group for its Fresh Market Manager (FMM) product in an Asian-based 70+ store subsidiary with annual sales of over $2 billion.

Fresh Market Manager is a fully integrated management solution that helps grocers to achieve improved economic performance in bakery, deli, food service, meat, seafood, frozen, floral and produce departments. The product is licensed on a per-department and per-store-basis. This new agreement will generate revenues of approximately $200,000+ to Park City Group.

Park City Group successfully identified to the retailer exactly where and how it could positively impact both sales and the bottom line. Among other benefits, Park City Group precisely identified where and when product waste occurred, implemented FMM Production Planning, optimized store-level assortment plans, managed shrink and out-of-stocks, and retrained stores on production standards. During the first year of the program in Bakery, average annual sales of produced items were up over 20% while unsold product (shrink) significantly declined, resulting in a substantial increase in net margins.

Randall K. Fields, Chairman and CEO, said that, “The increased deployment of our Fresh Market Manager by this top-tier retailer is the most recent validation of the value of our fresh item management solution. This retailer has experienced first hand the rapid cost savings/revenue generating benefits of our program and is increasing the number of stores in its chain to use the product. As our software and consulting services continue to deliver on the promise to help all of our retail customers to deliver the ‘right product in the right quantity at the right time’, we look forward to continuing to expand the depth of our Fresh Market Manager program, and to also exploring how our other solutions and products can benefit this retailer.”

“Market trends are driving demand for our products as supermarkets and convenience stores have difficulty competing in commoditized products,” Fields continued. “As a result, they increasingly shift the emphasis to perishables - which have a significantly shorter shelf life - thus creating an increasing requirement to manage those products. The unique combination of software and consulting services provided by Park City Group bridges the human and technical resource gap and converts data into effective operational actions for the retailer. We have a growing track record of delivering dramatic and tangible results to our clients.”