Home / Knowledge / News / Information Technology / SAP & Retail Velocity partner on retail data
SAP & Retail Velocity partner on retail data
24
Apr '13
Retail Velocity, a leader of demand signal repository and retail execution solutions, announced the release of its Velocity Demand Data Streaming Service that will support SAP Demand Signal Management (DSiM), an SAP HANA application. Working directly with SAP, Retail Velocity has extended its current Integration with SAP Applications partnership to support SAP in providing a holistic view of how consumer demand and in-store sales are materializing downstream in near real time.

This service will provide a single, easy-to-implement, seamless integration of retailers’ and distributors’ demand data streams to a manufacturer’s instance of SAP DSiM thereby lowering the total cost of ownership. Armed with such powerful capabilities, manufacturers can ensure that with SAP DSiM inventory levels, replenishment, sales and promotions are aligned with consumer demand, maximizing revenue opportunities and reducing costs.

“I am delighted that Retail Velocity is extending their partner relationship within the SAP Partner network”

“I am delighted that Retail Velocity is extending their partner relationship within the SAP Partner network,” said Ian McDonald, VP of Consumer Products Industry Business Solutions at SAP. “Retail Velocity’s Data Streaming Service offers SAP’s Consumer Products customers a tried-and-tested service to quickly access their retail partners’ in-store data. It is a fantastic fit with SAP’s Demand Signal Management solution. Together we can bring our customers closer to understanding the true consumer pull on the supply chain.”

Consumer goods manufacturers today typically have various methods and sometimes disconnected processes for acquiring direct retailer POS data streams that integrate with multiple databases and business intelligence (BI) tools. As a result of the partnership, customers will benefit from a fully integrated end-to-end offering.

“Working with SAP to expand our integration partner relationship in support of SAP’s DSiM solution makes perfect sense for us. Given Retail Velocity’s strength and experience in the consumer goods space, especially with those manufacturers that are striving to become more consumer-centric, we feel our Velocity Demand Data Streaming Service is a great solution fit to support the DSiM platform,” said Jennifer Beckett, VP Sales & Marketing at Retail Velocity.

About Retail Velocity

Since 1994, Retail Velocity has equipped consumer goods and apparel manufacturers with best-in-class retail data harmonization, demand signal repository (DSR) and business intelligence solutions. 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. Retail Velocity has been proud to serve market leaders, such as Mattel, MASCO, Revlon, Hanesbrands, Levi Strauss and many others in their quest to become more consumer-driven. 

Retail Velocity


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X