PARK CITY, Utah, June 20, 2011 (GLOBE NEWSWIRE) -- Park City Group (NYSE Amex:PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that its Vendor Managed Inventory solution has been selected by a leading national beverage company to assist in optimizing its supply chain through efficient product ordering and tracking.
"We continue to expand into additional supplier categories and this announcement marks another major win in beverages, which is one of the largest," said Randall K. Fields, Chairman and CEO of Park City Group. "Our solution offers a very demonstrable return in the form of rapid implementation, fewer stock-outs, increased inventory turns, reduced lead times and improved trading relationships."
Park City Group's Vendor Managed Inventory solution will assist the beverage company in managing their distribution network from manufacturing facility to consumer. By giving the customer greater inventory visibility, the solution will improve ordering accuracy, reduce inventory carrying costs, reduce returns, and have greater control over product quality.
About Park City Group
Park City Group (NYSE Amex:PCYG) is a Software-as-a-Service ("SaaS") provider that brings unique visibility to the consumer goods supply chain. With over $100 million invested in development and 16 years of commercialization surrounding its proprietary scan based data platform, the Company's services increase customers' sales and profitability, while ensuring regulatory compliance for both retailers and their suppliers.
Through a process known as Consumer Driven Sales Optimization, Park City Group helps retail and consumer packaged goods customers turn transactional information into actionable strategies to lower inventory, increase sales and improve efficiencies in the supply chain.
The Company's Food Safety Global Registry provides food retailers and suppliers with a robust solution that will help them protect their brands and remain in compliance with rapidly evolving regulations in the recently-passed Food Safety Modernization Act. The Food Safety Global Registry, an internet-based technology, will enable all participants in the farm-to-table supply chain to easily manage tracking and traceability requirements as products move between trading partners. For more information, go to .
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CONTACT: IR Contact: Dave Mossberg Three Part Advisors, LLC 817-310-0051