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ReposiTrak, Inc. - TRAK STOCK NEWS

Welcome to our dedicated page for ReposiTrak news (Ticker: TRAK), a resource for investors and traders seeking the latest updates and insights on ReposiTrak stock.

ReposiTrak, Inc. (TRAK) is a prominent player in the software-as-a-service (SaaS) sector, specializing in solutions that streamline supply chain operations for retailers. As a fully owned subsidiary of Park City Group (NASDAQ: PCYG), ReposiTrak partners with retailers to boost sales, manage risks, and cut supply chain costs.

The ReposiTrak Marketplace offers a versatile platform where retailers can search, sample, vet, onboard, and order from new suppliers. This platform aims to expand local inventories and source popular items effortlessly through a cloud-based application. The company’s integrated, end-to-end innovation platform delivers an array of advanced commerce solutions such as scan-based trading and automated ordering, addressing the needs of a dynamic retail environment.

Compliance management automation is another key feature, helping businesses stay within regulatory requirements without hassle. ReposiTrak's offerings ensure that products are available when and where consumers need them, thereby enhancing operational efficiency and customer satisfaction.

In addition to these core services, ReposiTrak provides a comprehensive suite of solutions that include implementation, business optimization, outsourcing, technical services, education, and application hosting. These offerings empower clients to make better-informed decisions and stay competitive in the fast-paced retail sector.

Recent Achievements and Partnerships:

  • Enhanced cloud-based applications for better supplier management and order processing.
  • Collaborations with leading retailers to optimize supply chain operations.
  • Implementation of innovative compliance management tools to reduce regulatory risks.

For more detailed information, visit the official website at www.repositrak.com.

Rhea-AI Summary

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, is successfully implementing end-to-end traceability for thousands of food supply chain operators to meet the FDA's FSMA 204 law requirements before the January 2026 deadline. The company's ReposiTrak Traceability Network® (RTN) enables suppliers, retailers, and wholesalers to exchange traceability data, including lot codes and shipment details, cost-effectively and without additional hardware or software.

CEO Randy Fields emphasizes that traceability is important for enhancing food safety, creating supply chain transparency, and speeding up recall processes. Hundreds of suppliers are already using RTN to share data with their customers, with thousands more in the queue. The solution offers a low-cost, flat-fee model for suppliers to connect with unlimited in-network customers, while retailers and wholesalers can use the service for free.

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Albrecht’s Delafield Market, a family-operated supermarket, has adopted the ReposiTrak Traceability Network® (RTN) to comply with the FDA’s FSMA 204 food traceability law. This automation will streamline the exchange of Key Data Elements (KDEs) between the market and its suppliers, enhancing food safety and supply chain transparency. RTN allows suppliers to send traceability data electronically with each shipment, simplifying compliance and adding a safety layer. Albrecht’s initiative follows the lead of over 8,000 suppliers already connected to RTN, ensuring complete traceability records per FDA requirements.

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ReposiTrak (NYSE: TRAK) announces the addition of 25 new produce and perishable food suppliers to its Traceability Network (RTN), ahead of the January 2026 compliance deadline for FDA's FSMA 204 regulations. This hardware-free solution allows members to exchange FDA-required Key Data Elements (KDEs) and Critical Tracking Events (CTEs) efficiently. Among the new members are three notable producers: a premium dried fruits brand, a family-owned frozen vegetables company, and a Minnesota-based produce wholesaler. ReposiTrak's platform supports comprehensive traceability beyond mandatory requirements, meeting current and future market demands. The network offers a low, flat fee model with unlimited trading partner connections.

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ReposiTrak (NYSE: TRAK), the leading food traceability and compliance network, has recently integrated 25 new produce suppliers into its ReposiTrak Traceability Network (RTN). This move aims to ensure adherence to FDA regulations ahead of the January 2026 deadline. The new suppliers include three distinguished growers with extensive histories in agriculture, specializing in high-quality citrus products and diverse food items. ReposiTrak's innovative solution requires no additional hardware or software, offering a seamless integration with existing systems to meet FSMA 204 food traceability requirements. Suppliers benefit from unlimited trading partner connections and a low, flat fee structure.

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ReposiTrak (NYSE: TRAK) is set to integrate 25 new confectionery companies into its ReposiTrak Traceability Network (RTN) ahead of the January 2026 regulatory deadline. These companies will utilize ReposiTrak's hardware-free traceability solutions to comply with FDA requirements by exchanging Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in their supply chains. Notable additions include three historic manufacturers famous for their candies, chocolates, and mints. CEO Randy Fields emphasized that ReposiTrak facilitates seamless data sharing among suppliers and customers without additional hardware or software, at a low flat fee.

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ReposiTrak (NYSE: TRAK) is set to welcome 25 grain and baked goods companies to its traceability network, RTN, ahead of FDA regulatory deadlines. These companies will leverage ReposiTrak's innovative, hardware-free solutions to exchange Key Data Elements (KDEs) for Critical Tracking Events (CTEs) in their supply chains, ensuring compliance by January 2026. Notably, three manufacturers, known for their baked goods, fillings, mixes, pasta, and sauces, will join RTN. ReposiTrak’s system simplifies compliance by allowing suppliers to share required KDEs through a single connection at a low, flat fee.

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ReposiTrak has declared a quarterly cash dividend of $0.0165 per share, totaling $0.066 per year. The dividend is payable to shareholders of record on June 28, 2024, with payments expected around August 12, 2024. ReposiTrak is known for its food traceability and regulatory compliance network, supported by inventory management and out-of-stock reduction SaaS platform.

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ReposiTrak (NYSE:TRAK), the leading food traceability and regulatory compliance network, is set to incorporate 25 new meat and seafood companies into its ReposiTrak Traceability Network® (RTN). These companies will exchange FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in their supply chains, ensuring compliance ahead of the January 2026 deadline. The new members include a prominent Florida-based importer, exporter, manufacturer, and distributor of frozen seafood and meat products, a global leader in vertically integrated protein companies, and a large Illinois-based importer and producer of various seafood. The RTN offers a hardware-free solution, allowing suppliers to connect with numerous trading partners for a flat fee. Chairman and CEO Randy Fields highlighted the network's expanding capabilities to meet the rising demands of traceability requirements beyond FDA mandates.

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ReposiTrak (NYSE: TRAK), a leader in food traceability and regulatory compliance, has expanded its network by onboarding a major retailer. This addition brings hundreds of retail locations and suppliers into the ReposiTrak Traceability Network (RTN), strengthening its position as the largest traceability network globally. The retailer and its suppliers will use RTN to meet FDA's Key Data Elements requirements before the January 2026 deadline. This integration enhances efficiency and compliance while allowing suppliers to share data across the network at no added cost. The RTN is free for retailers and wholesalers, and suppliers incur a nominal fee per facility without needing extra hardware or software.

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ReposiTrak (NYSE: TRAK) is set to welcome 25 new produce companies to its Traceability Network®. This move is in response to the FDA's upcoming regulatory deadlines for Key Data Elements (KDEs) in supply chains. Among the new entrants are three notable companies, one known for its diverse produce brands, another for its seasonally managed farms across the U.S., and a third with a legacy dating back to the 1860s. The ReposiTrak platform, which doesn't require additional hardware or software, allows suppliers to share traceability data with all their customers for a flat fee. This expansion supports proactive compliance ahead of the January 2026 deadline.

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FAQ

What does ReposiTrak Inc. do?

ReposiTrak Inc. specializes in software-as-a-service (SaaS) solutions that streamline supply chain operations for retailers.

What is the ReposiTrak Marketplace?

The ReposiTrak Marketplace allows retailers to search, sample, vet, onboard, and order from new suppliers using a cloud-based application.

What are some of ReposiTrak’s advanced commerce solutions?

ReposiTrak offers scan-based trading and automated ordering, among other solutions, to improve retail operations.

How does ReposiTrak help with compliance management?

ReposiTrak provides automation tools that ensure businesses stay within regulatory requirements, reducing compliance risks.

Who owns ReposiTrak Inc.?

ReposiTrak Inc. is a wholly owned subsidiary of Park City Group (NASDAQ: PCYG).

How does ReposiTrak contribute to expanding local inventories?

ReposiTrak's platform enables retailers to easily source popular items and expand their local inventories.

What types of services does ReposiTrak offer?

Services include implementation, business optimization, outsourcing, technical services, education, and application hosting.

What is the main benefit of using ReposiTrak’s solutions?

ReposiTrak’s solutions help retailers make better-informed decisions and stay competitive by improving supply chain efficiency.

Where can I find more information about ReposiTrak?

More information is available on the official website at www.repositrak.com.

Who are ReposiTrak’s primary clients?

ReposiTrak primarily partners with retailers to enhance sales, manage risks, and reduce supply chain expenses.

ReposiTrak, Inc.

NYSE:TRAK

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7.73%
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