Velocity

ACCELERATE BUSINESS GROWTH AT THE SPEED OF VELOCITY.


Partnering with Microsoft® and SAP®, Velocity is Retail Velocity’s best-in-class solution to satisfy the collective data needs of your entire company by providing easy-to-use, readily accessible analytics that empower your teams to identify insights, knock down internal silos and develop real-time sales and inventory strategies. Faster than you can spell profitability, you’ll discover that nothing accelerates business growth quite like Velocity. Find out how it works >

 

Who Velocity Helps


Sales

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Customer Logistics

Customer
Logistics

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Marketing

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Category Manager

Category
Management

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Merchandising

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retailers


Retailers

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VELOCITY

The Daily Leader For Industry Coverage, Implementations And Customer Choice.

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ToolsGroup, Retail Velocity Partner for POS Demand Sensing

By CGT Staff 
ToolsGroup and Retail Velocity announce that they have signed a partnership to bring together Retail Velocity's Demand Signal Repository (DSR) with ToolsGroup's Demand Sensing analytics. The partnership is expected to open up Point of Sale (POS) demand sensing performance breakthroughs to a wide range of retailers, manufacturers and distributors that previously lacked access to near real-time POS data.

Key expected benefits available through the new solution are:

  • B2C and B2B manufacturers and distributors can now acquire data across their retail distribution network, bringing demand connectivity to companies previously one step removed from this data
  • Retailers can now use POS data to optimize Vendor Managed Inventories (VMI) across a wide range of their suppliers

Sensing demand using downstream data (such as POS, store and DC inventories and promotions) generates major improvements in forecast accuracy and inventory optimization. To illustrate, ToolsGroup customer and vertically integrated retailer Amplifon (known by its brand Miracle Ear), recently deployed POS Demand Sensing to reduce inventory levels by 18 percent and inventory obsolescence by 40 percent. ToolsGroup customers with captive or a few closely connected retail networks have achieved similar results in industries such as coffee, cosmetics and mobile phone retailing.

The gap in the marketplace exists where data is required from many disparate retail networks. ERP systems usually cannot access nor maintain the data at the highly disaggregated level required for demand analytics. Nor can they cleanse and harmonize the POS data across all retail networks consistently. Retail Velocity and ToolsGroup solve this problem by incorporating the VELOCITY DSR into ToolsGroup's SO99+ POS Demand Sensing platform to allow businesses to sense demand across multiple retailers and plan within a single model. The DSR cleanses and harmonizes retail POS, inventories and DC shipments, and integrates this data seamlessly within the SO99+ platform.

"Taking advantage of data at the point of consumption to achieve near-real-time representation of consumer behavior leads to performance improvements and enhanced supply chain inventory optimization," says James Cooke, principal Analyst at Nucleus Research.

The joint ToolsGroup and Retail Velocity solution is available now through both ToolsGroup and Retail Velocity.

Advantages

Harmonizing data is just the beginning.

 

The Power of Tapping
400+ Retailer Streams.

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Customer Logistics

Unite Your Business Units.
Finally.

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Forget Big Data.
Fast Data Wins.

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Category Manager

The Future of Shopping?
We’re Already a Step Ahead.

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One Data Solution.
Every Sales Channel.

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retailers

Easy to Deploy.
Even Easier to Use.

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Manage Unlimited
SKUs Masterfully.

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Category Manager


Demand Control ®

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Solution Snapshots

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