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Retailers today collaborate with their manufacturers and distributors and share relevant sales information in the hope of increasing profits. The most commonly shared data is that collected from the UPC at the cash register, Point of Sale (POS) data. POS data is sent electronically from the retailers in forms known as EDI 852, EDI 867 or a proprietary system. The EDI 852 conveys sales figures that can be as specific as by the store or as general as the chain, while the EDI 867 details the prevailing conditions. Most data sources can be updated automatically as often as daily or as rarely as monthly, depending on the retailer. For details on the information supplied by each retailer, see our Retailer POS Source pages. (Login required.)
Some retailers have gone farther and share forecasting information with their suppliers, generally through EDI 830 or a proprietary system. Many also share replenishment and stock tracking data via EDI 852 or a proprietary system, as well as store and distribution center lists that come from EDI 816 and flat files. Velocity will collect all this and more, and integrate it with your other data sources.
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