Hy-Vee, Inc. Adopts ReposiTrak® Food Safety Compliance … – EconoTimes
SALT LAKE CITY, April 27, 2017 — Park City Group’s ReposiTrak, Inc., the leading provider of Compliance Management and Track & Trace solutions for food, pharma and dietary supplement safety, announces that Hy-Vee, Inc. has chosen ReposiTrak® to manage regulatory and business documentation compliance within its supply chain. An employee-owned corporation, Hy-Vee operates more than 240 grocery stores across eight Midwestern states with sales of $9.8 billion annually. The supermarket chain has been recognized as one of the Top 10 Most Trusted Brands and named one of America’s Top 5 favorite grocery stores.
“ReposiTrak’s automated system will enable us to better manage the growing list of documents that we require from our approved suppliers. It will also help ensure that we provide our customers with the highest quality products, which is always our top priority,” said Chuck Seaman, Vice President of Compliance and Food Protection at Hy-Vee.
“Hy-Vee is the latest retailer to recognize the advantages of using ReposiTrak’s automation to reduce brand, regulatory and financial risk in their supply chain,” said Randall K. Fields, Chairman and CEO of Park City Group and ReposiTrak. “Their commitment to reducing food safety risk and increasing transparency in the supply chain make us proud to add them to our growing list of retailer customers.”
ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ:PCYG), helps manage regulatory, financial and brand risk associated with issues of safety in the global food, pharma and dietary supply chains. Powered by Park City Group’s technology, the platform consists of two systems: Compliance Management, which not only receives, stores and shares documentation, but also manages compliance through dashboards and alerts for missing or expired documents; and Track & Trace, which quickly identifies product ingredients and their supply chain path in the unfortunate event of a product recall. It can reduce the risk in the supply chain by identifying backward chaining sources and forward chaining recipients of products in near real time.
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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