Industry-leading Compliance Automation Solution to Power GRMA’s Non-Food Quality System Standards
Salt Lake City | May 1, 2018 – ReposiTrak, Inc., the world’s only company with a sourcing, compliance management and advanced commerce platform for retailing, today announced it is partnering with The Global Retail and Marketing Alliance (GRMA) to integrate medical device, OTC, cosmetic and supplement quality audit standard management into ReposiTrak’s Compliance Management System. GRMA collaborates with industry leading retailers, manufacturers and trade associations to improve and align quality system requirements. The move will benefit GRMA’s registered suppliers, retailers and consumers, in addition to its certification bodies and auditors, in managing the audit process from initial request through collection of results and reporting. As part of the initiative, ReposiTrak® will host and provide exclusive access to GRMA’s audit database.
Importantly, the partnership enables GRMA-registered suppliers to leverage ReposiTrak’s Compliance Management System to collect and manage all their vendor documents in one place. This includes GRMA-required documents like a current register of approved vendors, in addition to other vital business documents, such as signed vendor agreements, certificates of liability insurance and letters of continuing guarantee that reduce brand risk. Additionally, GRMA’s registered suppliers will have access to ReposiTrak’s other solution suites that include supply chain optimization and opportunities to participate in the ReposiTrak Marketplace, an advanced ecommerce platform. The ReposiTrak Marketplace will grant access for GRMA’s registered suppliers to enter their products where retailers can find them, place orders and curate catalogs using their products.
“This is an exciting time at GRMA, as we introduce a new set of benchmarking standards, requirements and certifications for OTC, Supplements, Medical Device, and Cosmetic product classifications,” said Mike Finamore, Board Chairperson for GRMA and CEO of Gemini Pharmaceuticals, Inc. “We conducted a thorough search for a partner to help us elevate standards not only with our data management and reporting, but also to be the complete system and backend database for these new compliance requirements. It made perfect sense to partner with ReposiTrak because of their vast experience in the industry and extensive technical capabilities.”
“We are thrilled to provide GRMA with a holistic platform to host an entirely new set of benchmarking and certification standards for the non-food industry,” Randall K. Fields, Chairman and CEO of Park City Group and ReposiTrak. “Ensuring the compliance and quality of both food and non-food suppliers helps us deliver on our mission of safer, more transparent supply chains for manufactures, processors, wholesalers, retailers and consumers. We value our relationship with GRMA and are honored to support the organization and the compliance technology needs of its membership.”
ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ: PCYG), helps retailers control risk, reduce supply chain expense and grow sales via a unique technology solution platform. From new supplier discovery, vetting and onboarding using ReposiTrak MarketPlace, to risk mitigation via automated compliance management solutions, as well as a suite of advanced commerce solutions including scan-based trading and automated ordering, ReposiTrak helps retailers grow market share and increase their competitiveness in today’s dynamic retail environment.
About The Global Retailer and Manufacturer Alliance
The Global Retailer and Manufacturer Alliance (GRMA), a member-based 501 c 6 nonprofit organization with broad industry support from more than 30 major retailers in the grocery, drug, mass merchandiser, club store channels and manufacturers. We are in the final stages of completing a comprehensive set of consensus-based standards for the auditing and inspection of suppliers and manufacturers. These standards will cover dietary supplements, over-the-counter pharmaceuticals, cosmetics and medical devices. This is a unified set of criteria that will be available to retailers for the auditing of vendors. More information is available at www.grmalliance.org
About ReposiTrak®
ReposiTrak, Inc. is a wholly-owned subsidiary of Park City Group (NASDAQ:PCYG) and was co-founded with Leavitt Partners. ReposiTrak® provides food retailers and suppliers with a robust solution to help them protect their brands and remain in compliance with regulatory requirements. Additionally, ReposiTrak enables traceability as products and their ingredients move between trading partners and now helps customers source new compliant suppliers and drive sales through MarketPlace. More information is available at www.repositrak.com.
About Park City Group
Park City Group (PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information to ensure products are available when and where consumers demand them, helping retailers and suppliers to ‘Sell More, Stock Less, and See Everything’. Park City Group’s technology also assists all participants in the food and drug supply chains to comply with food and drug safety regulations through the Company’s ReposiTrak subsidiary. More information is available at www.parkcitygroup.com.
Media Contact | ReposiTrak & Park City Group | Ronald Margulis | RAM Communications | +1 908.272.3930 | ron@rampr.com
Media Contact | GRMA | Executive Director | GRMA | +1 202.587.5647 | rslikkers@grmalliance.org
Investor Contact | Todd Mitchell | Park City Group CFO | +1 435.645.2216 | ir@parkcitygroup.com
