Kings Food Markets adopts ReposiTrak Scan-based Trading Solution
Salt Lake City-based ReposiTrak, which offers sourcing, compliance management and advanced commerce platform for retailing, said that Kings Food Markets has selected the ReposiTrak Scan-based Trading solution to support its commitment to delivering the “finest produce and products to the communities they serve,” according to a press release. ReposiTrak, a wholly owned subsidiary of Park City Group, said its Scan-based Trading solution provides retailers with multiple benefits, including greater efficiencies in DSD receiving, reduced out of stocks, lower operating expenses, no-hassle payments and increased sales of 3 percent to 10 percent through greater visibility to product performance.
Founded in 1936, Kings Food Markets has established relationships with local farms and sourcing the very best in quality, taste and variety, the press release stated. Kings operates 25 stores throughout New Jersey, New York and Connecticut. The Daily Meal recently named Kings Food Markets the "Best Grocery Store in the State of New Jersey."
“Our top priority is to provide the highest quality of products to our customers, so when the group at ReposiTrak made us rethink how we were managing our in-store stock, we realized we needed a tool that would provide us with all the necessary data required to achieve that goal,” said Arthur Goncalves, vice president of center store at Kings Food Markets. “With our adoption of this SBT solution, we look forward to leveraging real-time visibility into store-level data for every item that we provide our customers.”
“Costs decrease when retailers and their DSD suppliers can accurately see product movement and collaborate to drive efficiencies and build revenues,” said Randall Fields, CEO of Park City Group.
ReposiTrak helps retailers control risk, reduce supply chain expense and grow sales via a unique technology solution platform.