August 23, 2017 | Salt Lake City– Park City Group’s ReposiTrak, Inc., the leading provider of Compliance Management and Track & Trace solutions for the grocery and foodservice industry, announces today Spices USA, Inc., is adopting ReposiTrak’s Compliance Management System to manage records from its upstream suppliers. Spices USA was established in October 1993 as a family business dedicated to the importing and marketing of spices, herbs and seasonings from the Caribbean Region. Today, Miami-based Spices USA has grown into an international company, trading spices, herbs and extracts from global markets, including India, China, Sri Lanka, Vietnam, Indonesia, Thailand, USA, Jamaica, Trinidad, Barbados, Guyana, Peru, Ecuador, Colombia, Mexico and El Salvador.
“We are happy to provide suppliers like Spices USA with a holistic platform to manage their approved supplier documentation and reduce their brand risk,” said Randall K. Fields, Chairman and CEO of Park City Group. “We share Spices USA’s commitment to transparency in the supply chain, and are pleased to have them utilize our system.” “We were looking for an affordable system to help us manage our growing list of required business, food safety and regulatory records needed for our foreign supplier verification program,” said Carlos Ospina, Operations Manager for Spices USA. “After trying to manage our supplier records with manual paper-based systems, it became clear that we needed an automated system that could easily scale and help us to manage our records all in one place.”
ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ:PCYG), helps manage regulatory, financial and brand risk associated with issues of safety in the supply chain. Powered by Park City Group’s technology, the platform consists of two systems: Compliance Management, which not only receives, stores and shares documentation, but also manages compliance through dashboards and alerts for missing or expired documents; and Track & Trace, which quickly identifies product ingredients and their supply chain path in the unfortunate event of a product recall. It can reduce the risk in the supply chain by identifying backward chaining sources and forward chaining recipients of products in near real time.
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 the rapidly evolving regulations in the Food Safety Modernization Act. 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.
