ReposiTrak Welcomes a Leading Distributor to Rapidly Expanding Food Traceability Network
14 Mai 2024 - 1:00PM
Business Wire
The world’s largest and fastest-growing
traceability network adds more than 6,500 retail stores, 6,000
suppliers and more than a dozen distribution centers with newest
member
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 distributor to the ReposiTrak Traceability Network® (RTN).
The distributor 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.
Most of the distributor’s 6,000 suppliers will be impacted by
FDA or customer-mandated traceability and are required to share
KDEs every time a shipment is sent. As those suppliers join RTN,
they will have the ability to share KDEs with this distributor, and
also with their other customers.
"The addition of this distributor has nearly doubled the size of
the ReposiTrak Traceability Network," stated Randy Fields, chairman
and CEO of ReposiTrak. "Our platform is uniquely designed to scale,
which allows companies of any size – from any part of the supply
chain – to join, and which also allows us to serve the broader
industry with fast, easy traceability data exchange."
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240514091935/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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