Compliance Management Suite Is Now a Complete Speed Retail Platform to Drive Growth and Profitability for Retailers, Wholesalers and Suppliers
Salt Lake City | May 7, 2018 – ReposiTrak, Inc., the industry leader in compliance, food safety and risk management for the retail supply chain, today announced that all solutions previously offered under parent company Park City Group’s brand name are now combined into a powerful technology platform with existing ReposiTrak solutions. Park City Group will continue to serve as the parent company, but the ReposiTrak subsidiary will now offer the complete array of solutions, including Scan-based Trading, Automated Forecasting and Ordering, Vendor Managed Inventory and the previously announced MarketPlace sourcing and B2B Commerce solutions.
“This is an important milestone for our company, but even more important for our customers,” said Randy Fields, Chairman and CEO of ReposiTrak parent Park City Group. “Now more than ever retailers and their trading partners need technology that drives increased sales while positively impacting the bottom line by creating a dynamic point of differentiation in the market. That’s why we have converged our applications on a single unified platform under the ReposiTrak brand to deliver an all-encompassing Speed RetailTM solution for our customers.”
Fields continued; “We are thrilled to introduce the new ReposiTrak Speed Retail PlatformTM to the market. Speed Retail is about executing faster and more accurately from supplier to shelf to create a greater impact on the consumer, and no one can match our innovative solutions and track record of generating incremental revenue and delivering value for retailers, wholesalers and suppliers.”
The ReposiTrak Speed Retail Platform consists 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.
Compliance & Risk Management is the family of food safety and compliance solutions that the market commonly associates with the ReposiTrak brand. With more than 60,000 connection points in the supply chain and endorsements of leading trade groups such as FMI, ROFDA and GMDC, ReposiTrak is the industry standard for food safety and compliance management.
MarketPlace is not only a discovery tool for retailers to find new suppliers and for suppliers to promote their products, but it is also a complete B2B commerce solution that enables retailers to discover, vet, sample, onboard and even place orders with new suppliers. With MarketPlace retailers can rapidly discover hot new products and expand locally-sourced selections to drive higher sales and shopper loyalty, while suppliers can use their ReposiTrak compliance status to gain incremental sales.
Supply Chain Solutions include the legacy Park City Group technologies that have been creating value through sales improvement and expense control in the retail supply chain for nearly twenty years. The solutions once marketed as Park City Group, including Scan-based Trading, Automated Ordering and Item and Cost Management, will now be offered under the ReposiTrak brand name as the Supply Chain Solutions family.
Concurrent with the new branding initiative, ReposiTrak is relaunching its website (www.repositrak.com) to digitally present the company’s comprehensive value proposition and revamped go-to-market strategy. The site reflects the growing importance of using technology to synchronize all supply and demand chain activities for retailers and their trading partners.
“The ReposiTrak Speed Retail platform offers innovative technology for growing and protecting brands, built on nearly two decades of success,” said Fields. “All the innovation and transformational results, none of the risk. That’s a combination that the retail supply chain desperately needs.”
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.
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