Scan-based trading assists buyers and sellers better understand and act on consumer demand by having suppliers retain product ownership until the point of retail sale.
Weis officials said the ReposiTrak’s scan-based trading was selected because of its unique ability to complement the technology with analytical (ScoreTracker) and ordering (Store Level Ordering/Store Level Reporting) applications that enable the retailer to stock less, be more efficient and sell more.
“ReposiTrak has the largest network of scan-based trading suppliers in the industry, which improves our overall efficiency and helps position us to meet our needs for future growth,” said Donna Banks-Ficcio, VP of center store sales and merchandising at Weis Markets. “To remain competitive in our market, we realize there’s a significant opportunity for us to leverage their programs and solutions to drive profitable sales, improve inventory management and substantially enhance our supply chain performance.”
ReposiTrak’s Supply Chain Solutions include the Park City Group technologies that create value through sales improvement and expense control in the retail supply chain. These solutions include Scan-based Trading, Automated Ordering and Item and Cost Management. The typical results achieved through scan-based trading reduce shrink and inventory, decrease working capital and increase sales.
“We’re excited to help a great regional supermarket chain, Weis Markets, with a reputation for deploying the best technology to optimize their supply chain operations,” said Randy Fields, chairman and CEO of ReposiTrak. “Our industry-leading supply chain solutions have a long, proven track record of helping companies lower inventory costs and increase revenue that significantly moves the needle on business performance. Our ‘secret sauce’ lies in the innovative technology and the hands-on approach we employ to empower and drive the efficiencies our customers can enjoy to better their businesses.”
The ReposiTrak Speed Retail Platform consists of three product categories: Compliance & Risk Management, Supply Chain Solutions and MarketPlace Sourcing and B2B Commerce. Delivered via one technology platform, all the applications are mutually reinforcing and work synergistically to create value and positive impact across the entire enterprise.
Founded in 1912, Weis Markets is a Mid-Atlantic food retailer operating 206 stores in Pennsylvania, Maryland, New Jersey, Delaware, New York, Virginia and West Virginia.