Companies using store-level POS analytics, reporting app for retail suppliers
Ann Arbor, MI, and Bentonville, AR — March 25, 2005 — Vendor Managed Technologies Inc. (VMT) said this week that The Procter & Gamble Co., Rayovac and Elmer's Products have selected Velocity as the technology to improve their in-stock levels at their retail trading partners.
An off-the-shelf software solution for store-level analysis and reporting to consumer packaged goods manufacturers Velocity offers store-level sales, inventory, and forecast analytics and reporting to ensure the appropriate availability of product for the consumer.
These newest Velocity customers are world-class organizations, and we are proud to be partnering with them to help them manage their in-stocks and build stronger relationships with their retail partners, said John Beckett, president of VMT.
Velocity is an end-to-end solution that allows suppliers to manage their product flow from the time it ships to the retailer all the way to the point the consumer purchases it. Velocity integrates POS (point-of-sale) information with forecasts, demographics, shipments, planograms and other sources to transform this data into actionable information.