Park City Group Signs Significant Contract with Source Interlink Companies for Data Management and Business Analytics
Leading Magazine, CD and DVD Distributor to Utilize Park City Group’s Visibility and Data Analytics Tools
Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions, today announced that Source Interlink Companies, Inc. (NASDAQ: SORC), a leading provider of merchandising and fulfillment services for home entertainment content products, has agreed to use Park City Group’s data management and business intelligence tools to help analyze retail front-end profitability, and manage inventory distribution, merchandising, and product placement.
“Optimizing inventory management is essential for maximizing front-end profitability and maintaining strong relationships both with our retail partners and our suppliers,” said James Gillis, Source Interlink President and CEO. “We believe that Park City Group’s trading solutions provide the visibility and analytics necessary to help us fine tune our supply chain and enable us to provide consumers with a compelling product selection across the 1,000 retail chains we support.”
Park City Group’s advanced analytics supplements the collaborative relationships that distributors and merchandisers such as Source Interlink Companies have with supermarkets and other retail outlets by providing customer-driven assortment plans, improving in-stock conditions, reducing waste, and optimizing promotion strategies. These capabilities help maximize the selection for consumers while driving improved sales and higher profits for retailers.
Speaking of the agreement, Randall K. Fields, Park City Group’s Chairman and Chief Executive, said, “Source Interlink is a leading distributor of magazines, CDs and DVDs. The decision by Source to utilize Park City Group’s analytics validates our service and technology offering to manufacturers and distributors as the premier resource for optimizing category management. Source Interlink is committed to selection, quality, and superior customer service and we are proud to be associated with them.”
