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

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

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

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search