FOR IMMEDIATE RELEASE - ANN ARBOR, MI - March 15, 2005 - Spectrum Brands (NYSE: SPC) has selected Ann Arbor-based Vendor Managed Technologies, Inc.'s (VMT) Velocity® POS analysis and reporting software to help plan, execute and measure its success at retail, as well as provide valuable feedback to its production and forecasting departments.
Velocity is robust, off-the-shelf data warehouse software that allows a supplier to manage its product flow from shipment to the retailer all the way to the point the consumer purchases it. Velocity integrates retailer-provided POS data with demographics, shipments, planograms, and other sources to transform raw data into actionable answers to a wide range of business questions.
Using Velocity, Spectrum Brands can easily manage store-level data provided by retailers and quickly identify how its products are selling and why. Spectrum is also able to provide timely reports to its retail buyers to insure that the right product is on the right shelf at the right time.
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.
Vendor Managed Technologies, Inc. (VMT) was founded in 1994 by entrepreneurs; one with a long and successful track record as a retail supplier, the other a twenty-five year veteran of software development and information systems management. Our 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.
About Spectrum Brands, Inc.
Spectrum Brands (formerly Rayovac Corporation) is a global consumer products company and a leading supplier of batteries, lawn and garden care products, specialty pet supplies, shaving and grooming products, household insecticides, personal care products and portable lighting. Spectrum Brands' products are sold by the world's top 25 retailers and are available in more than one million stores in 120 countries around the world. Headquartered in Atlanta, Georgia, Spectrum Brands generates approximately $2.8 billion in annualized revenues and has approximately 10,000 employees worldwide. The company's stock trades on the New York Stock Exchange under the symbol SPC.
