SALT LAKE CITY, November 8, 2019 – ReposiTrak, Inc., the industry leader in solutions for stock replenishment, compliance, sourcing, food safety, and risk management for the retail supply chain, announces that Novus International Inc. has adopted the ReposiTrak Compliance & Risk Management Solution to automate the collection of compliance and regulatory documents from its suppliers.
Based in St. Charles, Mo., Novus International develops animal health and nutrition solutions. Founded in 1991, the company has more than 700 employees based in 32 countries, working to help livestock and poultry producers maintain the health and optimize the performance of their animals.
Novus International chose ReposiTrak’s compliance management system because it needed a tool to streamline the process of supplier document collection and reduce its exposure to risk. “We were looking for a tool that would automate our compliance activities and replace our current processes,” said Brittany Pham, NORAM Customer Supply Chain Manager at Novus International. “Not only were we impressed with the capabilities of ReposiTrak’s compliance tracking system, we also were impressed with the level of service they provide in onboarding and maintenance activities.”
The Compliance & Risk Management suite deployed by Novus International includes food safety and compliance solutions that are a respected and trusted cornerstone of the ReposiTrak brand. With 90,000 buyer/supplier connections across the platform and endorsements from leading trade groups such as FMI, ROFDA and GMDC, ReposiTrak has established itself as the industry standard for a compliance and risk management program.
“By automating the compliance process, ReposiTrak will save Novus International hundreds of hours in gathering and reviewing supplier documents, “ said Randy Fields, Chairman and CEO of ReposiTrak. “Not only does ReposiTrak provide state-of-the art technology for compliance management, we combine that technology with people to manage supplier follow-up. Our customer success team contacts suppliers on behalf of Novus International to ensure complete document compliance.”
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.
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 parkcitygroup.com and at repositrak.com.
About Novus International
Novus International, Inc. is headquartered in St. Charles, Missouri, U.S.A. and serves customers in more than 90 countries around the world. A global leader in developing animal health and nutrition solutions, Novus International’s products include ALIMET® and MHA® feed supplements, ACTIVATE® nutritional feed acid, ACIDOMIX® preservative premixture, CIBENZA® enzyme feed additive, MINTREX® chelated trace minerals, SANTOQUIN® feed preservative, AGRADO® feed antioxidant and many other specialty ingredients. Stratum Nutrition, a division of Novus Nutrition Brands, LLC, focuses on human nutrition through specialty and functional ingredients for manufacturers of foods, beverages and dietary supplements (www.stratumnutrition.com). Novus is privately owned by Mitsui & Co. (U.S.A.), Inc. and Nippon Soda Co., Ltd. For more information, visit www.novusint.com. ©2019 Novus International, Inc. All rights reserved.