Major Mid-Atlantic Food Retailer Optimizes Its Supply Chain by Using ReposiTrak’s Industry Leading Solution Supply Chain Technology to Lower Costs and Boost Sales
Salt Lake City, August 15, 2018 – ReposiTrak, Inc., the industry leader in compliance, food safety and risk management for the retail supply chain, announces Weis Markets is deploying ReposiTrak Scan-based Trading to increase sales and streamline its supply chain operations, while reducing costs and improving inventory management. Scan-based Trading helps buyers and sellers better understand and act on consumer demand by having suppliers retain product ownership until the point of retail sale.
Based in Sunbury, PA, Weis Markets just opened its 206th store in Randolph, NJ, with locations in Pennsylvania, Maryland, New York, New Jersey, West Virginia, Virginia and Delaware, marking the company’s continued growth and success across the Mid-Atlantic.
Weis selected ReposiTrak’s robust Scan-based Trading solution because of its unique ability to complement the technology with analytical (ScoreTracker) and ordering (Store Level Ordering/Store Level Reporting) applications that enable the retailer to stock less, be more efficient and sell more while enjoying all the working capital benefits of Scan-based Trading.
“ReposiTrak has the largest network of scan-based trading suppliers in the industry, which improves our overall efficiency and helps position us to meet our needs for future growth,” said Donna Banks-Ficcio, Vice President of Center Store Sales & Merchandising at Weis Markets. “To remain competitive in our market, we realize there’s a significant opportunity for us to leverage their programs and solutions to drive profitable sales, improve inventory management and substantially enhance our supply chain performance.”
ReposiTrak’s Supply Chain Solutions include the legacy Park City Group technologies that continue to create value through sales improvement and expense control in the retail supply chain. These solutions include Scan-based Trading, Automated Ordering and Item and Cost Management. The typical results achieved through scan-based trading reduce shrink and inventory, decrease working capital and increase sales.
“We’re excited to help a great regional supermarket chain, Weis Markets, with a reputation for deploying the best technology to optimize their supply chain operations,” said Randy Fields, Chairman and CEO of ReposiTrak. “Our industry-leading Supply Chain Solutions have a long, proven track record of helping companies lower inventory costs and increase revenue that significantly moves the needle on business performance. Our ‘secret sauce’ lies in the innovative technology and the hands-on approach we employ to empower and drive the efficiencies our customers can enjoy to better their businesses.”
The ReposiTrak Speed Retail Platform, consisting of three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce, drives growth and supports all supply and demand chain activities for retailers and their trading partners. 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 www.parkcitygroup.com and at www.repositrak.com.
About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 206 stores in Pennsylvania, Maryland, New Jersey, Delaware, New York, Virginia and West Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.