Velocity Analysis

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps retailers and manufacturers prioritize inventory replenishment, allocate shelf space, and develop pricing and promotion strategies based on demand patterns.

Related Terms

Dollar

Refers to a retail outlet that specializes in selling a wide range of general merchandise and

Lifestage

Refers to one of the distinct phases within a retail business’s lifecycle, encompassing its birth, growth,

Forecast Accuracy

Forecast accuracy refers to the degree to which a forecast aligns with actual sales data, indicating