Everyone knows there are serious errors in the extended retail supply chain, leading to everything from having 22 years of inventory for a type of hot sauce in the warehouse to being out of the top-promoted item two days into a two-week campaign. Wha...
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFO Magazine, Published – October 7, 2019 Mr. Fields, what is the focus at Park City Group, today? Mr Fields: Our primary mission is to help retailers and their suppliers do a better job for ...
Despite some high-profile supplier departures and a belief among at least some in the industry that stores might be better served dealing with fewer suppliers, consumer shopping trends portend a continued increase in direct-store delivery as a means ...
Consumers have made it clear that they are looking for more local and specialty products in their neighborhood supermarkets. This is the most recent, and perhaps most pronounced, phase in the evolution of consumer tastes and preferences, a trend that...
“When retailers allow a supplier to do direct store deliveries to their stores, they have made a deal with the Devil.” So says Randy Fields, the CEO of the Park City Group, and the former Chairman of Mrs. Fields Cookies. As a former retail executive ...
Inventories have ballooned nearly three-fold over the last two decades as localization has been embraced to protect market share and profitability. Yet, localization just might hasten the death of certain banners unless steps are taken to control the...
Consumers have made it clear that they are looking for more local and specialty products in their supermarkets. This is the most recent – and perhaps most pronounced – phase in the evolution of consumer tastes and preferences. It is a trend that star...
At the turn of the millennium, the retail industry was aglow with technological and operational possibilities.
The internet was seen as a platform for both selling things and making merchandising and fulfillment processes more efficient. Data processing power and storage capacity was growing dramatically, an improvement that cut analysis time from weeks down to hours. Additionally, data communication speeds were accelerating so quickly that frontline associates now had access to nearly realtime insights.
PROBLEM Mergers and acquisitions gained this nationally recognized baker additional distribution which included independent operators. It also gained them different technology systems that didn’t communicate with each other which made keeping...
PROBLEM A national auto parts chain wanted inventory relief on slow moving products Popular items were frequently out of stock Tracking and transferring products between DCs and stores was difficult SOLUTION Visibility & A...
