ReposiTrak Inc., the industry leader in solutions for out-of-stock replenishment, sourcing, food safety, and risk management for the retail supply chain, reports that 80 percent of the 200 vendors using its OOS Management Solution saw an average reduction of 39 percent in out-of-stocks in less than three months. Those reductions occurred across nine different retailers with more than 12,175 stores in the categories of grocery, dairy, bakery, and general merchandise.
Eliminating out-of-stocks is an issue of critical importance for the nation’s food retailers as they seek to boost customer loyalty at a time when online retailers are expanding same-day home delivery of groceries. These grocers risk mass shopper defection to online retailers if products are not on the store shelf for immediate sale.
“For decades, out-of-stocks have been one of the most persistent and financially damaging issues in the grocery industry. What makes this challenge a deafening alarm for today’s brick-and-mortar grocers is the expansion of grocery delivery by online retailers,” said Randall K. Fields, Chairman and CEO of Park City Group. “By using ReposiTrak’s OOS Management Solution, suppliers can take action to eliminate out-of-stocks. And the proof of that is the impressive results that vendors are getting in using ReposiTrak to reduce out-of-stocks for their retail partners.”
By giving vendors visibility into what’s selling and their product inventory balance in the store, ReposiTrak’s OOS Management Solution identifies the greatest out-of-stock dollar opportunities that suppliers and retailers need to fix. The ReposiTrak dashboard shows out-of-stock opportunities based on sales, by vendor, by store, and by item so suppliers can make replenishment deliveries and keep store shelves well-stocked.
“Even though retailers are having a hard time with the issue of out-of-stocks, we also know they are very busy,” Fields said. “That’s why we do the heavy-lifting, working with their vendors on these reports so each supplier can take appropriate action to address out-of-stocks with its products across all the stores throughout the retailer’s network.“
The ReposiTrak Speed Retail Platform drives growth and supports all supply and demand chain activities for retailers, manufacturers, and their trading partners, consisting of three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. Delivered via one technology platform, all the applications are mutually reinforcing and work synergistically to create value and positive impact across the entire enterprise. The OOS Management Solution is part of the ReposiTrak Supply Chain Solution family.
About Park City Group and ReposiTrak®
Park City Group (NASDAQ: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings visibility to the consumer goods supply chain through its ReposiTrak, Inc. subsidiary. ReposiTrak is The Speed Retail Platform, with three product families; Compliance & Risk Management, Supply Chain Solutions and MarketPlace Sourcing and B2B Commerce. The platform provides retailers and suppliers with a robust solution suite to help enhance operational control and increase sales, while enabling them to protect their brands, reduce risk and remain in compliance with regulatory requirements. More information is available at www.parkcitygroup.com and at www.repositrak.com.