Park City Group’s ReposiTrak®,
the leading provider of Compliance
Management and Track
& Trace solutions for food, pharma and dietary supplement
safety, has signed an agreement with one of the largest research-based
bio-pharmaceutical manufacturers in the world to pilot ReposiTrak’s
Track & Trace solution. ReposiTrak will provide the manufacturer with
visibility to product movement through the supply chain and guard
against the entry of counterfeit drugs, which are responsible for
100,000 deaths annually worldwide.
Utilizing ReposiTrak’s Track & Trace system, the bio-pharmaceutical
manufacturer will track the end-to-end movement of their items at the
lot level, despite changes in ownership or ingredient transformation,
which is a requirement of the Drug Quality and Security Act. As such,
all trading partners will receive alerts to any unauthorized movement or
location to ensure product authenticity and eliminate the entry of
counterfeits. Once the efficacy of ReposiTrak’s Track & Trace system has
been proven, the manufacturer plans to leverage the technology’s
scalability and launch a full rollout.
“ReposiTrak is a total risk management platform developed to reduce risk
in the food, pharma, and supplements channels with both a compliance
management and track & trace solution,” said Randall K. Fields, CEO of
Park City Group. “We are excited to begin working in the pharmaceutical
channel to provide the same level of brand protection that we provide to
retailers, wholesalers and food manufacturers looking to comply with the
Food Safety Modernization Act.”
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. 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.
About ReposiTrak
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. Park City Group is a cloud-based provider that brings
unique visibility to the consumer goods supply chain, and powers the
ReposiTrak solution. More information is available at www.repositrak.com.
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