GMDC partners with ReposiTrak on new compliance management solution
COLORADO SPRINGS, Colo — Global Market Development Center and ReposiTrak, a wholly owned subsidiary of Park City Group, on Thursday partnered on an offering to enhance the discovery process and improve collaboration in essential non-food and high-gross margin categories for all channels.
“ReposiTrak is a pioneering innovator in delivering robust retail management software solutions for our rapidly changing industry,” stated Patrick Spear, president and CEO of GMDC. “This technology will equip our members with a toolbox for success in a constantly evolving marketplace. We are thrilled to partner with ReposiTrak as we continue to advance and expand our ecosystem.”
Under the agreement, ReposiTrak will be the exclusive solution provider endorsed by GMDC for compliance management and the sourcing of retail-ready vendors.
ReposiTrak helps companies reduce their regulatory, financial and brand risk in the supply chain. Powered by Park City Group’s technology, the solution has two primary applications including compliance management, which can automate the collection and management of a GMDC member’s required documentation from their supply chain partners such as supplier agreements, insurance certificates and factory audits, dramatically reducing risk to their extended supply chain. The other primary application is called "MarketPlace," which is a platform for GMDC member retailers and wholesalers to source qualified suppliers in ReposiTrak’s community of 40,000+ connections, saving weeks of time, and removing friction between trading partners in the quest to bring new products to the shelf as quickly as possible.
“GMDC is committed to helping its members drive growth through collaboration, so it is rewarding to join them in leveraging our technology to drive this effort,” stated Randy Fields, chairman and CEO Park City Group. “We are proud to be partnering with GMDC to offer our Compliance Management and Marketplace applications to their members. Given GMDC’s reputation and scale, this partnership solidifies ReposiTrak as the industry standard across all vendors and categories in the supermarket and will bolster the rapid adoption we are experiencing.”