Home / Knowledge / News / Information Technology / Retail Velocity integrates SAP tool for critical POS data
Retail Velocity integrates SAP tool for critical POS data
05
Nov '13
Retail Velocity, formerly Vendor Managed Technologies, Inc. (VMT), 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 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. 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.

Retail Velocity


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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