SALT LAKE CITY--(BUSINESS WIRE)--Park City Group, Inc. (NASDAQ:PCYG) subsidiary ReposiTrak, Inc., the industry leader in compliance, food safety and risk management for the retail supply chain, launched the GMDC MarketPlace powered by ReposiTrak at Global Market Development Center’s (GMDC) annual General Merchandise Conference in Orlando, Fla. GMDC is partnering with ReposiTrak to utilize MarketPlace as a supplier discovery and B2B ecommerce platform for its members. At the conference, GMDC MarketPlace was used by attendees to facilitate and support meetings connecting hundreds of buyers and sellers throughout the five-day event generating significant interest in adoption of the platform.
“GMDC MarketPlace leverages ReposiTrak technology to help buyers and sellers connect, expedite their relationship and get product and promotions to the consumer as fast and effectively as possible,” says Patrick Spear, President and CEO of GMDC. “MarketPlace drove engagement between buyers and sellers at our annual conference and it will provide the infrastructure for members to identify growth opportunities year-round.”
Spear adds, “The GMDC MarketPlace is a great opportunity for suppliers who are looking to scale and grow in the channels and categories we cover. It’s also a wonderful opportunity for retailers that want to discover the new products most likely to succeed in the store. Given where market trends are today, we feel confident that MarketPlace will allow GMDC and ReposiTrak to create value for both retailers and suppliers across the industry.”
“MarketPlace is the unrivaled growth platform for suppliers looking to reach wholesale and retail buyers, and for retailers looking for seasonal, event-themed or local items. Right out of the gate, suppliers are reporting year over year sales increases from participating in MarketPlace,” says Randy Fields, Chairman and CEO of ReposiTrak. “The interest in GMDC MarketPlace exceeded our expectations and helped create a buzz about our platform capabilities as we engaged more than 200 potential users and they saw the application in action.”
The ReposiTrak Speed Retail Platform drives growth and supports all supply and demand chain activities for retailers and their trading partners, consisting of three product families; 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.
Global Market Development Center (GMDC) energizes members and the marketplace by advancing a culture of Connect-Collaborate-Create-Commerce. As the leading GM and HBW trade association, GMDC is dedicated to serving its ecosystem of more than 600 General Merchandise and Health Beauty Wellness retailers, wholesalers, suppliers, and service/solution member companies by enabling consumer-facing innovation and retail reimagined. GMDC's combined member volume represents more than 125,000 retail outlets and more than $500 billion in sales. To learn more, visit gmdc.org.
About Park City Group and ReposiTrak®
Park City Group (NASDAQ:PCYG) is a Software-as-a-Service (“SaaS”) provider that brings visibility to the consumer goods supply chain through its ReposiTrak, Inc. subsidiary. ReposiTrak is The Speed Retail Platform, with three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. The platform provides retailers and suppliers with a robust solution suite to help enhance operational control and increase sales, while enabling them to protect their brands, reduce risk and remain in compliance with regulatory requirements. More information is available at www.parkcitygroup.com and at www.repositrak.com.