Park City Group has reduced waste by 24 percent year over year at a large national retailer by using Park City Group’s Visibility & Analytics solution.
The reduction included 25 percent fewer returns year over year as well as a decrease in Scan-based trading shrink adjustments of 23 percent year over year.
The company said both improvements has reduced labor requirements for supplier and retailer, more effectively meeting shopper demand and improved product freshness.
The Visibility & Analytics solution pinpoints high returns and shrink opportunities by product and by store location, which lead to improved analysis of both types of waste
In addition, dairy has changed processes and more accurately analyze the performance of the products at store level while meeting customer demands.
“With the information our Visibility & Analytics solution provides, both the supplier and retailer improve their analysis of returns and financial shrink reconciliation,” said Randall K. Fields, CEO of Park City Group.