SALT LAKE CITY, Feb. 24, 2016 (GLOBE NEWSWIRE) -- Park City Group’s ReposiTrak®, the leading provider of Compliance Management and Track & Trace solutions for food, pharma and dietary supplement safety, announces the launch of the Marketplace later this spring. The Marketplace will enable ReposiTrak retailers and wholesalers, also known as “Hubs” to search the system’s supplier community to initiate new business partnerships and drive incremental sales.
To help customers reduce risk, the Marketplace highlights suppliers that are compliant with their requirements in ReposiTrak. Once a retailer or wholesaler finds a supplier of interest in the Marketplace, the system can collect and review new vendor set up documents, item catalogs and price lists, saving weeks of time during the on-boarding process.
“Our customers have shared the difficulties they face in finding safe and compliant suppliers,” said Randall K. Fields, CEO of Park City Group. “It only makes sense for us to open up the ReposiTrak supplier community to search by all of our Hubs, as the risk of tort and prosecution is just too great to contract for any new business without full transparency.”
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. ReposiTrak is a wholly-owned subsidiary of Park City Group (NASDAQ:PCYG) and was co-founded with Leavitt 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.
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Source:Park City Group, Inc.