ReposiTrak Welcomes a New Retailer to Rapidly Expanding Food Traceability Network
04 Giugno 2024 - 1:00PM
Business Wire
The Retailer Will Add More Than 150 Stores and
600 Suppliers to the Queue, Bolstering the World’s Largest and
Fastest-Growing Traceability Network
ReposiTrak (NYSE: TRAK), the world’s leader in food traceability
and regulatory compliance, leveraging its comprehensive inventory
management and out-of-stock reduction SaaS platform, welcomes a
major retailer to the ReposiTrak Traceability Network® (RTN). The
retailer will use RTN to collect and store the intricate,
FDA-required Key Data Elements (KDEs) for thousands of its
suppliers in advance of the January 2026 deadline.
The majority of the retailer’s approximately 600 suppliers, and
nearly 950 supplier facilities, are integrated with RTN enabling
them to transmit KDEs, not only to this retailer but also to other
partners in the network. This integration streamlines compliance
processes across the board and improves efficiency. With the
addition of around 150 stores, RTN significantly increases its
footprint in the retail sector, further solidifying its role in
enhancing traceability and food safety on a global scale.
“When retailers add their suppliers to the ReposiTrak
Traceability Network, we manage the entire implementation process,”
said Randy Fields, chairman and CEO of ReposiTrak. “By optimizing
supplier onboarding, we ensure FSMA 204 compliance. Drawing on our
extensive network of already onboarded suppliers, we accelerate the
process, saving valuable time and resources.”
The ReposiTrak Traceability Network is free for retailers and
wholesalers, and suppliers pay a nominal, per-facility fee to
connect to an unlimited number of in-network customers. No
additional hardware or software is required and the ReposiTrak team
assists in making the connections needed under the FSMA 204 food
traceability law.
About ReposiTrak:
ReposiTrak (NYSE: TRAK), formerly Park City Group, provides
retailers, suppliers and wholesalers with a robust solution suite
to help reduce risk and remain in compliance with regulatory
requirements, enhance operational controls and increase sales with
unrivaled brand protection. Consisting of three product families –
food traceability, compliance and risk management and supply chain
solutions – ReposiTrak’s integrated, cloud-based applications are
supported by an unparalleled team of experts. For more information,
please visit https://repositrak.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240604357374/en/
Investor Relations Contact: John Merrill, CFO
Investor-relations@repositrak.com Or FNK IR Rob Fink 646.809.4048
rob@fnkir.com
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