February 23, 2017 | Salt Lake City, Utah – Park City Group’s ReposiTrak Inc., the leading provider of Compliance Management and Track & Trace solutions for food, pharma and dietary supplement safety, announces the launch of the ReposiTrak MarketPlace. The MarketPlace will enable retailers and wholesalers to search ReposiTrak’s community of safe and compliant suppliers, and bring new products to market in just a fraction of the time. Unlike other electronic supplier catalogs, the MarketPlace solution is the first of its kind to automate and guide the sourcing process from end-to-end, and includes supplier qualification, order negotiation and on-boarding of a new supplier.
To help retailers and wholesalers reduce risk, the MarketPlace highlights suppliers that are compliant with their business and/or safety requirements. This feature alone saves weeks of time and helps retailers meet their need to replace non-compliant suppliers, which are expected to increase as compliance deadlines for the Food Safety Modernization Act are reached throughout 2017.
“ReposiTrak customers have shared the time and expense they face in sourcing both food and non-food suppliers, and they asked us to open up our database of tens of thousands of supplier connections to provide this service,” said Randall K. Fields, CEO of Park City Group. “We’re excited to bring the MarketPlace to our customers to aid them in driving incremental sales and deliver greater transparency for their supply chain.”
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. 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.