VERITICO

VERITICO is a business analytics software designed to enhance sales and operations execution (S&OE) processes in the retail and FMCG industries. It offers real-time insights and alerts to optimize resource utilization, manage exceptions, and simulate changes for better decision-making. The software caters to small, medium, and large organizations in the retail and FMCG industries, serving professionals such as retailers, FMCG manufacturers, supply chain managers, operations managers, and sales and marketing professionals.

Key Features

Inventory Forecasting: VERITICO utilizes advanced algorithms to accurately forecast future demand and optimize inventory holdings. It analyzes historical sales data to determine the demand for each item, providing individual forecasts for each item in each warehouse or point of sale. Additionally, it includes automatic stockout detection and seasonality analysis.

Demand Planning: VERITICO identifies top-selling products and determines optimal inventory holdings by analyzing past sales data. It generates order proposals months in advance for each item and provides individual forecasts for effective decision-making.

Automated Replenishment: VERITICO generates daily supplier order proposals to prevent stockouts and overstock situations. It calculates the perfect replenishment list based on forecasts, enabling efficient supplier management and improved long-term negotiations.

Automated Markup Management: VERITICO automates product markup management by implementing algorithmic price strategies. It facilitates the creation of inventory-centered price promotions, giving businesses a competitive advantage.

One Master Plan: VERITICO creates a unified master plan for the entire organization, streamlining sales and operation planning. It provides data-driven directions based on a single source of truth, enabling faster decision-making based on interconnected company data.

Sales and Operations Planning: VERITICO encompasses demand planning, capacity planning, and resource allocation. It resolves capacity conflicts and increases efficiency. The software offers automatic S&OP document processing for meetings and supports the preparation of business plans and what-if scenarios.

Sales and Operations Execution: VERITICO makes small daily and weekly adjustments to resource planning, continuously monitoring inventory, logistics, transportation, and human capacity. It supports exception management for effective response to deviations and seamlessly integrates with the S&OP process for simplified planning and transparency.

Efficient Promotions: VERITICO helps businesses determine optimal promotional items and pricing. It ensures profitable promotions through data analysis, manages discount strategies and promotion flyers, and provides planning and reporting for promotion sales.

Pricing Management: VERITICO offers comprehensive pricing management, including strategy development and brand positioning. It employs algorithmic pricing techniques to maximize margins and implements family pricing and omnichannel pricing. Additionally, it enables businesses to simulate changes and analyze pricing scenarios.

Markdown Management: VERITICO assists in managing excess stock, expiring stock, and delisting. It implements sale pricing strategies for sellout products, reduces waste by timing sales before expiration, and automates the markdown process for time savings.