Finally, a Faster and More Precise Recall Solution for the Food Supply Chain Industry
July 19 2023 - 10:00AM
Business Wire
ReposiTrak leverages precision and reach from
its traceability and compliance solutions to create a new recall
management solution for a safer food supply chain.
ReposiTrak, operating the world’s largest food supply chain
network of nearly 30,000 retailers, wholesalers and suppliers,
announces the launch of its ReposiTrak Recall Management solution.
Leveraging infrastructure built over its 20-year history and adding
to its portfolio of solutions that safeguard consumers and protect
brand reputations, ReposiTrak is now equipped to enable the swift
and precise execution of the recall process.
“Product recalls have a profound impact on the businesses
involved, leading to financial loss, damage to customer trust and
the potential for years-long legal ramifications,” said ReposiTrak
Chairman and CEO Randy Fields. “We came to the realization that
with our infrastructure and visibility to lot-level traceability
data, that we had all the components in place to build a true,
dedicated recall solution that could identify the location of any
product in the supply chain and facilitate its removal more
efficiently than ever.”
Because the ReposiTrak Recall Management solution is built upon
the company’s supply chain platform, it is capable of maintaining
virtual inventories as well as tracking inventories, returns,
shrink and more to provide a more accurate view of the location and
status of the product that is being recalled. The functionality of
the recall solution is made possible by advancements to the
ReposiTrak platform developed for its recently launched ReposiTrak
Traceability Network® solution.
The ReposiTrak Traceability Network was built specifically to
meet and exceed FDA’s updated food traceability regulation (FSMA
204) without the need for new hardware, software or even labeling
steps. Backed by the National Grocers Association as the industry
choice for low-cost, easy-to-adopt food traceability, the solution
is currently used by more than 8% of retail grocery stores, 1,100
suppliers and 20 distribution centers in the United States.
ReposiTrak’s mainstay solutions are used by more than 110,000
individual supplier facilities throughout the world to maintain
financial, legal and regulatory documentation, implement scan-based
trading and to manage other supply chain challenges like
forecasting and ordering and out-of-stocks.
“As use of the ReposiTrak Traceability Network grows, so does
the power and precision of our recall capabilities,” continued
Fields. “The FDA has published its list of Food Traceability List
foods, which encompasses thousands of individual items. Many of the
proactive retailers and suppliers that we work with have chosen to
extend their traceability efforts beyond that, which in turn would
allow them to have visibility to any one of those products in the
event of a recall or inquiry.”
The ReposiTrak Recall Management solution provides real
visibility to inventories levels and locations from distribution
centers to stores. Product is automatically tracked at the
lot-level, which allows the rapid trace-back of a product through a
simple search. Other features include:
- Validation of recall requests -
Notifications and alerts related to the recall process - Retrieval
of inventory information - Recall status indications and
notifications - Summary reports
For more information about ReposiTrak Recall Management, the
ReposiTrak Traceability Network or other solutions suited to your
unique supply chain challenges, please contact ReposiTrak Chief
Customer Officer Derek Hannum at dhannum@repositrak.com.
About ReposiTrak
ReposiTrak, Park City Group, Inc. (NASDAQ:PCYG), provides
retailers, suppliers and wholesalers with a robust solution suite
to help reduce risk and remain in compliance with regulatory
requirements; enhance operational controls; source and discover new
vendors; and increase sales with unrivaled brand protection.
Consisting of four product families – food traceability, compliance
and risk management, supply chain solutions and MarketPlace
sourcing – ReposiTrak’s cloud-based platform’s integrated
applications are mutually reinforcing and work synergistically to
create value and positive impact. For more information, please
visit https://repositrak.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230719232577/en/
Media Contact Ron Margulis RAM Communications
908-337-0020 ron@rampr.com
ReposiTrak Contact Derek Hannum Chief Customer Officer
ReposiTrak 435-645-2230 dhannum@repositrak.com
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