{"id":401980,"date":"2020-12-17T09:16:21","date_gmt":"2020-12-17T14:16:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401980"},"modified":"2020-12-17T09:16:21","modified_gmt":"2020-12-17T14:16:21","slug":"repositrak-enables-accurate-perpetual-inventories-for-grocery-e-commerce","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/repositrak-enables-accurate-perpetual-inventories-for-grocery-e-commerce\/","title":{"rendered":"ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce"},"content":{"rendered":"

<\/p>\n

ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce<\/b><\/p>\n

Ramp up of automated solution provides retailers with better visibility to store-level inventories as their brick and mortar stores morph into fulfillment centers.<\/i><\/p>\n

SALT LAKE CITY–(BUSINESS WIRE<\/a>)–
\nTo help retailers deliver on the key proposition of grocery e-commerce\u2014namely, frictionless convenience\u2014ReposiTrak<\/a>, the industry leader in direct store delivery (DSD) for the retail supply chain, is offering an omnichannel perpetual inventory system that ensures products selected online are actually available in the store.\n<\/p>\n

\nThe ramp up of ReposiTrak\u2019s perpetual inventory solution comes at a time when brick and mortar stores have morphed into e-commerce fulfillment centers. However, the lack of visibility to store-level inventories for key categories, particularly high demand, fast turn DSD products, finds many retailers at a major disadvantage in meeting customer expectations due to high out-of-stocks levels, says Randy Fields, chairman and CEO of ReposiTrak.\n<\/p>\n

\n\u201cWhile COVID has created the most compelling case imaginable for retailers to accelerate their omnichannel strategies, it has also exposed a glaring weakness relating to lack of visibility to store-level inventories,\u201d Fields says.\n<\/p>\n

\n\u201cAt its core, online grocery ordering aims to deliver convenience for the customer, but all too often leads to a series of text message substitution requests because DSD products like bread, milk and dairy are out-of-stock, and the e-commerce system is blind to that fact. In order to effectively implement an omnichannel strategy, a DSD perpetual inventory system is essential,\u201d Fields affirms.\n<\/p>\n

\nDirect-store delivery products pose particular challenges for personal grocery shoppers, primarily due to the lack of visibility retailers have with their DSD inventory, which is typically controlled by outside suppliers.\n<\/p>\n

More Control + Greater Accuracy = Perpetual Inventories<\/b><\/p>\n

\n\u201cBut as any astute retailer knows, less control leads to more inaccuracies\u2014which is even more problematic at a time when retailers are jockeying to meet and exceed increasingly demanding expectations of a new breed of crowd-avoiding, convenience-seeking omni-shoppers,\u201d says Fields.\n<\/p>\n

\n\u201cOut-of-stocks not only create disappointment for the customer but lost sales for both the retailer and the vendor as well,\u201d he adds, noting that ReposiTrak\u2019s omnichannel perpetual inventory solution extends the company\u2019s extensive track record in DSD, which includes some 60 million store SKU counts. ReposiTrak\u2019s customers are seeing sales increases that often exceed 50% because the customer and the retailer have the product on-hand and visible online.\n<\/p>\n

\n\u201cDSD out-of-stocks are something ReposiTrak knows really well\u2014we\u2019ve been dealing with it for over 20 years\u2014and have pioneered unique capabilities to solve what is presently one of retailers\u2019 biggest challenges,\u201d concludes Fields.\n<\/p>\n

\nLearn more about ReposiTrak\u2019s perpetual inventory solution here<\/a>.\n<\/p>\n

About Park City Group and ReposiTrak\u00ae<\/b><\/p>\n

\nPark City Group (NASDAQ: PCYG) is a Software-as-a-Service (SaaS) provider that brings visibility to the consumer goods supply chain through its industry-leading ReposiTrak Inc., subsidiary. ReposiTrak has three product families\u2014Compliance and Risk Management, Supply Chain Solutions and MarketPlace sourcing and B2B commerce\u2014and provides retailers and suppliers with a robust solutions 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 repositrak.com<\/a> and parkcitygroup.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217005664\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
Ronald Margulis
\n
RAM Communications
\n
908-337-0020
\n
ron@rampr.com<\/a><\/p>\n

Company Contact
\n<\/b>
Randall K. Fields
\n
Chairman & CEO ReposiTrak
\n
435-645-2100
\n
randy@parkcitygroup.com<\/a><\/p>\n

KEYWORDS:<\/b> Utah United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Supermarket Data Management Convenience Store Technology Supply Chain Management Online Retail Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce Ramp up of automated solution provides retailers with better visibility to store-level inventories as their brick and mortar stores morph into fulfillment centers. SALT LAKE CITY–(BUSINESS WIRE)– To help retailers deliver on the key proposition of grocery e-commerce\u2014namely, frictionless convenience\u2014ReposiTrak, the industry leader in direct store delivery (DSD) for the retail supply chain, is offering an omnichannel perpetual inventory system that ensures products selected online are actually available in the store. The ramp up of ReposiTrak\u2019s perpetual inventory solution comes at a time when brick and mortar stores have morphed into e-commerce fulfillment centers. However, the lack of visibility to store-level inventories for key categories, particularly high demand, fast turn DSD products, … <\/p>\n

Continue reading “ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401980","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/repositrak-enables-accurate-perpetual-inventories-for-grocery-e-commerce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ReposiTrak Enables Accurate Perpetual Inventories for Grocery e-Commerce Ramp up of automated solution provides retailers with better visibility to store-level inventories as their brick and mortar stores morph into fulfillment centers. SALT LAKE CITY–(BUSINESS WIRE)– To help retailers deliver on the key proposition of grocery e-commerce\u2014namely, frictionless convenience\u2014ReposiTrak, the industry leader in direct store delivery (DSD) for the retail supply chain, is offering an omnichannel perpetual inventory system that ensures products selected online are actually available in the store. The ramp up of ReposiTrak\u2019s perpetual inventory solution comes at a time when brick and mortar stores have morphed into e-commerce fulfillment centers. 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