ANN ARBOR, Mich.--(EON: Enhanced Online News)--Retail Velocity, formerly Vendor Managed Technologies, Inc. (VMT), today announced its Velocity® Data Streaming Service has achieved certified integration with the SAP® Demand Signal Management application, which is powered by the SAP HANA® platform. The Velocity service provides real-time visibility into retail performance, down to the retail store level by SKU and daily or weekly, for manufacturers running the SAP demand signal management software.
“The ability of Velocity® to enable our clients to better integrate and leverage ‘big data’ with their investments in SAP software and Velocity solutions creates higher value to them, and ultimately, a more efficient and profitable organization.”
The SAP Integration and Certification Center (SAP ICC) has certified that Velocity® Data Streaming Service 1.0 integrates with SAP Demand Signal Management 1.0, which runs on SAP HANA, by providing critical electronic point-of-sale (ePOS) data and inventory data at the store level.
Since 1994, Retail Velocity has been providing retailer-specific, out-of-the-box adaptors and harmonization algorithms based on its Velocity® Demand Signal Repository (DSR) technology, which is the backbone of the Velocity suite. The technology enables consumer products (CP) manufacturers to closely monitor and manage their product flow from production through consumer purchase. Through the adapters that it provides, Retail Velocity has the capabilities to distribute data feeds to SAP Demand Signal Management that deliver cleansed and harmonized “big data” down to the store and SKU level daily from over 300 retailers and distributors around the globe. A listing of available adaptors can be found at http://retailvelocity.com/retailers/listing.php. Access to this knowledgebase is available to approved and registered consumer goods manufacturers only.
“We are committed to better serving our customers by investing in SAP certifications,” said Jennifer Beckett, vice president, Sales & Marketing, Retail Velocity. “The ability of Velocity® to enable our clients to better integrate and leverage ‘big data’ with their investments in SAP software and Velocity solutions creates higher value to them, and ultimately, a more efficient and profitable organization.”
Velocity® also provides a cloud service to stream daily store-level ePOS and inventory updates directly into a client’s SAP software. This ‘single source of the truth’ about performance in the store brings value to broad range of functions within the enterprise: Sales, Marketing, Operations, Supply Chain and Finance will gain new insights as well as become more collaborative moving forward. This service leverages the near 20 year track record of Velocity’s award-winning solutions in the demand signal management arena.
In addition, Retail Velocity continues to participate in the SAP PartnerEdge® program as an SAP software solution and technology partner. Through the program, partners work closely with SAP to develop and certify the technical integration of their solutions with SAP software. Integrated partner applications extend, complement and add value to SAP solutions, thereby helping mutual customers more successfully meet business needs and drive strong results.
Since 1994, Retail Velocity has equipped consumer goods manufacturers with best-in-class retail data harmonization, demand signal repository (DSR) and business intelligence solutions aimed at leveraging “big data.” Retail Velocity’s flagship solution, Velocity®, cleanses, harmonizes and integrates daily, store-level POS (demand signals) with third-party and internal data to provide end users with best practice analytics and processes geared towards maximizing sell-through and profitability across their retail and distribution accounts. Velocity® provides harmonization and integration adaptors for over 300 retailers and distributors covering all classes of trades and global geographies.
For more information, please visit www.retailvelocity.com or contact us at email@example.com. More detailed information regarding this release can be found at http://retailvelocity.com/company/SAP_Velocity_Demand_Signal_Repository.php.
Velocity is a registered trademark of Vendor Managed Technologies, Inc. d/b/a Retail Velocity.
SAP, SAP HANA, PartnerEdge and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.