Le Lézard
Classified in: Science and technology
Subjects: Conference, Survey

Chasing Consumer Tastes is Driving Up Out-of-Stocks for Retailers 


In a speech at the Retailer-Owned Food Distributors Association/National Grocers Association Fall Conference, ReposiTrak Partner Joe Meherg told attendees that retailers must move to eliminate out-of-stocks to avoid customer defection to online competitors. "Online grocery shopping is growing rapidly with year-over-year increases," Meherg told the audience gathered at the Sawgrass Marriott Resort in Ponte Vedra Beach, Fla. "Out-of-stocks will only further drive shoppers away from brick-and-mortar stores."

As food retailers have added products to meet a wider range of consumer tastes, item proliferation has only increased the age-old problem of out-of-stocks at a time when brick-and-mortar grocers can't afford to have empty shelves due to the challenge from online competitors, Meherg told the assembly. In the new battle for retail, unless food retailers have products available, they will lose both sales and shopper loyalty.

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. Eighty percent of suppliers using the ReposiTrak OOS solution have reduced out-of-stocks on an average of 39 percent in less than three months.

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.


These press releases may also interest you

at 15:00
Missional Marketing, an agency that has spent the last 12 years working with hundreds of churches (ranging from just a few attendees to the largest mega-churches) has a bird's eye view on how these organizations have been handling COVID-19. With...

at 14:39
The University of Mississippi Medical Center and the Mississippi State Department of Health on Tuesday will open two mobile COVID-19 sample collection sites for one day only....

at 14:30
WOW! Internet, Cable & Phone , a leading broadband provider, today issued the following statement: WOW! CEO Teresa Elder, was...

at 12:53
The number of individuals worldwide watching American Jewish Committee (AJC) Advocacy Anywhere programming is growing as the Coronavirus pandemic compels many across the United States and in countries around the world to stay in their homes. The new...

at 12:00
Consistent with her commitment to children's health and education, Bharti Shah, CEO, CTIS, Inc. is joining hands with Children's National Hospital to build the first of its kind pediatric COVID-19 test site in the country for the District of...

at 10:00
Today, in the context of the COVID-19 virus pandemic, many employees have switched to remote work. Because of this, software that they are used to working with at the office is often not available to them. Users often need to batch convert files from...



News published on 13 november 2019 at 08:35 and distributed by: