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Ann Arbor, MI - March 15, 2005 - Furthering its growth in the retail supplier arena, Vendor Managed Technologies, Inc. (VMT) announced The Procter & Gamble Company (NYSE: PG), Rayovac (NYSE: ROV) and Elmer’s Products have selected Velocity as a key enabling technology to improve their in-stock levels at their key retail trading partners. As a leading off-the-shelf software solution for store-level analysis and reporting to consumer packaged goods manufacturers, Velocity provides store-level sales, inventory, and forecast analytics and reporting to ensure the appropriate availability of product for the consumer.
“These newest Velocity customers are world-class organizations and we are proud to be partnering with them to help them manage their in-stocks and build stronger relationships with their retail partners,” said John Beckett, President of VMT.
Velocity is a robust, end-to-end solution that allows suppliers to manage their product flow from the moment it ships to the retailer all the way to the point the consumer purchases it. Velocity integrates POS (point-of-sale) information with forecasts, demographics, shipments, planograms, and other sources to transform this data into actionable answers to a wide range of business questions.
About Vendor Managed Technologies, Inc. (VMT)
Since 1994, Vendor Managed Technologies’ (VMT) mission is to increase net sales and eliminate supply/demand chain inefficiencies through the development of strategic technology.
Since retailers began sharing store-level POS data with vendors, crucial knowledge about consumer buying trends and retailer supply patterns is available. We provide easy access to this knowledge. For more information, visit www.vmtsoftware.com.
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