Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

HAC, Inc. Third Hub of 2009 to Implement Park City Group's Scan Based Trading (SBT)

Tue. July 28, 2009; Posted: 08:29 AM
Stocks RSS

Look up the PowerRating of PCYG and see how it has performed over the past week as well as the current proprietary PowerRating.

PARK CITY, Utah, Jul 28, 2009 (BUSINESS WIRE) -- PCYG | Quote | Chart | News | PowerRating -- HAC, Inc., a seventy five store grocery retailer in Oklahoma that includes Homeland, United and Country Mart banners, has signed on to become the latest grocery retail hub to implement Park City Group's Scan Based Trading (SBT), which is designed to improve sales, reduce inventories and improve product shrink through improved visibility to scan data. Park City Group, (OTCBB: PCYG | Quote | Chart | News | PowerRating) a provider of solutions and services to retailers and suppliers, has built its business on a 'hub & spoke' model where retailers are the hubs and suppliers/wholesalers are the spokes. This model creates a community, using a common platform where the 'hubs & spokes' (retailers & suppliers) can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain.

The Park City Group application is a web-based SBT solution that provides visibility into store-level product movement, allowing suppliers to spend more time merchandising product, and reducing the time-consuming operational drudgery from the retailer-supplier relationship. Park City Group's solution will enable HAC, Inc. and its suppliers to have a more collaborative relationship through shared visibility to the necessary supply chain information.

Flowers Foods Inc., a leading producer and marketer of packaged bakery foods in the United States, will be among the first suppliers to engage in the program with HAC, Inc. In the coming months, HAC Inc. plans to expand their SBT program to a wide range of categories, through Park City Group's flexible on-boarding process, which provides a solid foundation for future expansion.

"Our primary focus for our business is growing sales. When we get the opportunity to also lower operating expenses and improve accuracy in our data we consider that a winning business strategy. We feel that SBT is in step with those goals and with the experience that the Park City Group brings to this new business process, we felt very comfortable in partnering with them," commented Philip Payment, Vice President Marketing & Merchandising at HAC, Inc. "The idea of joining a community of suppliers, where everyone is focused on a common goal, is very appealing. The improved relationships with our suppliers will be visible in all aspects of our business, including the store shelf, which is what matters most to consumers."

HAC, Inc. will also be utilizing the Park City Group's operational insights solution to perform a deeper dive into shrink analytics. The solution provides visibility into shrink by vendor, store, and product, as well as by user-defined attributes, such as department and management structure, and helps identify the root causes of shrink.

"We continue to see the number of retailers using Scan Based Trading increase, and I am always pleased to see how quickly we can provide tangible benefits to our retailer and supplier customers, as well as their consumers," commented Randall K. Fields, Chairman & CEO of Park City Group. "While HAC, Inc. and its suppliers can expect to see many benefits from our solution, the consumers will also benefit from improved on-shelf product availability, reduced shrink and improved in-store merchandising. A satisfied and loyal consumer is imperative to both the retailer's and supplier's long-term success."

About Park City Group:

Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies and customer service. Park City Group's innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.

SOURCE: Park City Group

PR Contact: 
Park City Group 
Courtney Behrens, 610-719-1600 x332 
cbehrens@prescient.com 
or 
IR Contact: 
Bibicoff & MacInnis, Inc. 
Terri MacInnis, 818-379-8500 
terri@bibimac.com
For full details for PCYG click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [PCYG]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.